Post Tagged with: "new vehicles"

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US: average fuel economy of March auto sales on the rise

US: average fuel economy of March auto sales on the rise

According to the latest report coming from the University of Michigan Transportation Research Institute, the average fuel economy figure for new cars and light trucks delivered last month in the US soared by 0.2 mpg. The study follows the average window-sticker value of new cars, SUVs, vans and pickups sold […]

Honda Plans to Introduce 12 New Models in China by 2015

Honda Plans to Introduce 12 New Models in China by 2015

Honda announced its plans to introduce in China 12 new models by 2015, including the locally produced hybrid models. The 12 new models Honda plans to introduce in the Chinese market by 2015, include both facelift vehicles as well as new generations. The automaker will also introduce new engines in […]

State Senate Approves Tax Cut For New Cars

State Senate Approves Tax Cut For New Cars

Today, February 6th, the state Senate approved the legislation according to which sale tax of new cars and boats will be collected in Michigan by exempting the allowance for trade-ins. Sen. Dave Robertson says that the new legislation will increase sales of vehicle and watercraft in Michigan and will become […]

2012 average fuel economy up 6 percent from 2011

2012 average fuel economy up 6 percent from 2011

The average fuel economy of new vehicles sold in the U.S. last year increased by nearly 4 mpg (+6%) from 2011. According to the Transportation Research Institute at The University of Michigan, the average fuel economy of the 14.5 million vehicles sold in 2012 was 23.8 mpg (9.88 liters/100 km), […]

Sirius XM Announces an Increase in Subscribers of 14%

Sirius XM Announces an Increase in Subscribers of 14%

Sirius XM Radio announced its subscribers in the second quarter increased 14%, due to higher new vehicle sales. Sirius XM’s net income increased with $3 billion income tax benefit, from $173 million in the same period last year, and revenue was up 13% to $837.5 million. After it added 622,000 […]

BMW profit up 18 percent as 1-Series drives high sales

BMW profit up 18 percent as 1-Series drives high sales

German auto maker BMW AG on Thursday posted higher than expected earnings for the first quarter as demand for the revamped 1-Series compact fueled record deliveries. “We are still aiming to achieve new record figures for sales volume and pretax earnings in 2012,” BMW chief executive Norbert Reithofer said. Earnings […]

AutoNation Reports April Sales Up 12%

AutoNation Reports April Sales Up 12%

AutoNation declared on Wednesday, May 2nd, that sales of its new vehicles were up 12% in April on strong demand for both imported and domestic cars. The company managed to sell 20,534 cars and trucks last month and declared that sales of imported vehicles increased 16% to 10,358 units, demand […]