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BMW Group sets all-time record for March deliveries

BMW Group sets all-time record for March deliveries

Last month the German automaker, the largest player in the world in the premium segment, announced another spectacular sales result, with their best-ever March and first quarter. Globally, the Munich-based company sold a total of 232,556 BMW, Mini and Rolls-Royce autos last month, rising 9.2 percent from the same month […]

Australia: March sales hit record figures

Australia: March sales hit record figures

Deliveries of new cars and light duty vehicles in Australia soared to their best March figures ever, buoyed by rising demand for sport utility vehicles. The sales of SUVs and crossovers remained scorching hot, as consumer spending was boosted by the continuous low gasoline prices and the dwindling interest rates. […]

US: EPA says fuel economy standard surpassed again

US: EPA says fuel economy standard surpassed again

The Environmental Protection Agency announced that automakers active on the US auto market managed, for the second year in a row, to pass the governmental threshold for raising gas mileage and reducing tailpipe emissions. According to a recent EPA report, the new cars and light trucks sold in the US […]

US: record mileage also seen in January

US: record mileage also seen in January

We recently told you that last year the total amount of driven miles was above 3 trillion, very close to the all-time record of 3.03 trillion miles. And judging by January’s FHA figures, 2015 could bring a never before seen tally. According to federal data, the rapid growth in driven […]

VW commercial unit sees rising 2014 profit

VW commercial unit sees rising 2014 profit

The Volkswagen commercial vehicles division posted a new financial record for the 2014 year thanks to cost cutting in “all areas” and increasing consumer demand seen in core European markets. The unit’s 2014 operating profit jumped 13 percent to 504 million euros, and chief executive officer Eckhard Scholz said the […]

VW seeks record profit for its finance unit this year

VW seeks record profit for its finance unit this year

Volkswagen’s finance arm mulls 2015 operating profit above last year’s record-breaking tally of 1.7 billion euros ($1.80 billion), according to comments made by the division’s chief executive officer, Frank Witter. Volkswagen AG is currently the largest automaker in Europe and also the second-biggest in the world, so naturally its finance […]