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Russian auto market to rebound in autumn

Russian auto market to rebound in autumn

The Russian auto market could steady down in the second half of this year according to the chief of Ford Motor Co.’s Russian venture after car sales have plummeted there because of a drop in the country’s economy. After a period with sales growth in excess of 10%, the car […]

PSA’s Tavares believed to make good on pledges

PSA’s Tavares believed to make good on pledges

With an ailing European market that saw two-decade lows after a six-year slump, the region’s second largest automaker was on the brink of collapse before last year’s salvation that came from China’s Dongfeng Motors and the French government. Almost twelve months ago the Chinese partner and the French authorities agreed […]

British car sales up almost 7% in January

British car sales up almost 7% in January

The United Kingdom saw new car registrations soaring 6.7 percent last month for the best level in any January since 2007, but industry experts and analysts remained cautious as they believe deliveries might vain off during the next months. According to a statement coming from the Society of Motor Manufacturers […]

Europe: auto market finally shows positive signs for 2015

Europe: auto market finally shows positive signs for 2015

In 2014 the continent’s six-year sales drop finally halted – though not before yielding two-decade lows. Now, after last year more than 80 % of the brands competing in Europe reported yearly gains, industry experts and analysts foresee a timely rebound. While industry watchers are still cautious and predict a […]

GM is confident pn the European rebound

GM is confident pn the European rebound

Years of economic incertitude took the car industry to a two-decade low, but now the rebound has finally grasped the European region, even as political instability plagues Ukraine and Russia. During the announcement for the second-quarter profit earnings, GM also talked about its ailing European business, reiterating its previous goal […]

US: strong automotive sector buoys entire economy

US: strong automotive sector buoys entire economy

As almost all automakers selling cars in the US reported better than expected sales, the promising outlook seems to cast a positive light on the outlook for the wide-economy, which is slated now to grow in the second-quarter. The better than predicted automotive sales add up to the rising order […]

China sales go up in the first nine months

China sales go up in the first nine months

China’s passenger-vehicle sales last month climbed the most since January helped by a recovery in economic growth and rebound in demand for Japanese brands. The fastest pace of auto sales in nine months adds to signs that China’s economy is gaining momentum going into the final quarter, with official statistics […]

Auto Sales in Europe Expected to Slightly Rebound in 2014

Auto Sales in Europe Expected to Slightly Rebound in 2014

Analysts expect auto sales in Europe to increase by 3% in 2014, due to increased consumer demand. “We do expect a bit of a dead-cat bounce,” Goldman Sachs automotive analyst Patrick Archambault said. Archambault added that the auto industry in Europe is expected to slightly revive in 2014, although currently […]

January Reports Offer Little Hope of Recovery in Europe

January Reports Offer Little Hope of Recovery in Europe

Last month new-car sales in western Europe fell 9.5% to 851,547 units, implying a tough year for auto sales on the continent. “Challenges for the industry in the region remain significant,” said market forecaster LMC Automotive. LMC also said that that the seasonally adjusted annualized rate according to last month’s […]