Post Tagged with: "luxury vehicles"

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BMW Sees Profit Margin in China Falling

BMW Sees Profit Margin in China Falling

A BMW executive said the automaker expects its profit margin in China to slowly and continuously drop in the following years, due to increasing challenges in the world’s largest market for luxury vehicles. Karsten Engel, president and chief executive of BMW’s China region, told reporters that he predicts profit margin […]

Mercedes gets 12,000 orders for its new S-Class

Mercedes gets 12,000 orders for its new S-Class

Daimler AG, the maker of Mercedes-Benz luxury vehicles said it already received 12,000 orders for its new generation S-Class luxury sedan in the last four weeks. The German automaker counts on its new flagship model which is the best-selling model among high-end sedans since it went on sale in 1972 […]

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Luxury Vehicle Prices Dropped in China in April

Luxury Vehicle Prices Dropped in China in April

In April prices for imported vehicles in China have dropped the most in the past five months, as demand for luxury cars dropped on the government’s campaign to cut lavish spending by public servants. Last month, the average price for imported vehicles fell 3.4% compared with April 2012, while the […]

Zhongsheng Buys Carlsson Autotechnik

Zhongsheng Buys Carlsson Autotechnik

The Chinese auto retailer Zhongsheng Group Holdings has recently acquired 70% stake in Carlsson Autotechnik GMBH, a German vehicle-personalization specialist. The move is aimed at meeting rising demand from rich Chinese car owners for custom bodies and souped-up engines. Zhongsheng and Pangda Automobile Trade Co are beginning to diversify their […]

China Vehicle Sales Up in April, Down For Year

China Vehicle Sales Up in April, Down For Year

Although China reported vehicle sales up in April, they are still down for the year due to slower economic growth and tighter credit. On Wednesday, May 9th, China Association of Automobile Manufacturers declared that in April vehicle sales were up 5% to 1.62 million units, and sales for January-April reached […]

Feds seize 16 stolen vehicles in Southern California

Feds seize 16 stolen vehicles in Southern California

Customs officials in Southern California say they’ve intercepted 16 of the stolen luxury vehicles as they were bound for Asia from the ports of Los Angeles and Long Beach. According to Associated Press, most of these supercars were seized after they had already left the docks labeled as used exercise […]

Best U.S. February Sales for Audi

Best U.S. February Sales for Audi

Audi categorized February as its 14th straight record-setting month of sales with 8,531 luxury vehicles sold, surpassing the prior February record set in 2011 by 778 vehicles. It is a promising first quarter for Toyota, with year-over-year vehicle sales up 10% over February 2011 and 14.9% year-to-date growth. “Audi continues […]