Post Tagged with: "decline"

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China: Tesla cuts jobs on sales concerns

China: Tesla cuts jobs on sales concerns

The world’s largest auto market, China, proves once more it can be a tough nut to crack, this time to Tesla Motors, the California-based electric luxury automaker headed by billionaire entrepreneur Elon Musk. The US-based carmaker recently announced it was to lay off some of its staff in China, confirming […]

China: auto forecast revised again for 2014

China: auto forecast revised again for 2014

Following the slowing growth registered in recent months, the world’s largest auto market is on pace to miss a prediction for the year, as the pace of delivery increases has cooled. The country’s main auto industry body said that because of a smaller increase for the world’s second-biggest economy, consumer […]

US: Winnebago sales rise, but shares fall

US: Winnebago sales rise, but shares fall

Winnebago Industries Inc, the world famous US motorhome producer saw its quarterly profit jump 22% because of rising demand for the company’s products. Motorhome deliveries for the three-month period jumped 25%, from 1,890 units in the year ago period to 2,364 this year. Net income for the motorhome builder is […]

US: fuel prices could hit record low this year

US: fuel prices could hit record low this year

Auto sales have been boosted this year by rising consumer confidence, which in its part has been partially triggered by the steady decline of fuel prices across the nation. Now, some fuel industry analysts project the sliding trend of fuel prices accounted this year could continue, expecting a massive drop […]

Russia: Opel to slowdown car output

Russia: Opel to slowdown car output

The country’s economic troubles and political tensions, coupled with sanctions imposed by the Western nations have weighed down on consumer confidence and the auto market has been severely hit. Following other global automakers – including Ford and Renault’s subsidiary AvtoVaz – the Opel Group has decided to reduce car output […]

Russia: PwC mulls an 8 to 12% sales slowdown

Russia: PwC mulls an 8 to 12% sales slowdown

According to new estimates from PricewaterhouseCoopers, the Russian new-car market is expected to slump severely in 2014, with a fall seen at 8 to 12%. PwC has moved to downgrade its previous prediction for the country’s auto market, after in January it said the fall would only be of around […]

US: study sees grim near future for auto sales

US: study sees grim near future for auto sales

A research coming from AlixPartners, a global business advisory firm, forecasts the current positive trend on the US new car sales market is not going to last. The sales, after probably reaching a new record this year for post-economic crisis years, are forecasted to begin next year an accentuated slide, […]

Japan’s sales decline starts to wither

Japan’s sales decline starts to wither

After in April the country’s sales tax rose for the first time in many years, auto sales in May only dipped 1.2% from the same period in 2013, easing fears that huge declines would follow. According to statistics from the Japan Automobile Dealers Association and Japan Light Motor Vehicle and […]