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Garmin forecasts sales of its navigation devices will fall by 20 percent in 2013


Garmin said it expects to sell fewer GPS navigation devices in 2013, with the company also forecasting full-year results below analysts' estimates. The announcement sent its shares down 12 percent to their lowest in more than a year. Garmin makes hand-held and car-mounted navigation devices that account for about half of its sales, but the company's revenue from its struggling automotive ...
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Report: India’s new car market expected to shrink for the first time since 2003
New car sales in India are expected to fall for the first time in a decade due to a sharp economic slowdown, high loan rates and rising fuel prices, according ...
Analysts: Car sales expected to be flat in Russia in 2013
New car sales in Russia have slowed and are expected to remain at similar levels in 2013 after record volumes last year. According to industry figures cited by Reuters, buyers are ...
Report: U.S. auto sales growth to outpace global growth in 2013
The United States will increase its share of world auto sales this year even as its economy cools, analysts and executives predict ahead of the Detroit Auto Show. According to most ...
BMW Group expects record sales in 2012, CFO says
BMW's chief financial officer confirmed that the automaker will break its 2011 sales record by delivering about 1.8 million new cars worldwide. The BMW Group delivered 1.66 million vehicles globally through ...
2012 U.S. auto sales expected to be strongest in five years
U.S. auto sales are expected to rise 9 percent in December, making 2012 the best year for the industry since 2007. New car sales were favoured by easier access to credit, ...
J.D. Power forecasts U.S. auto sales will rise 14 percent in December
New car sales in the U.S. are expected to increase by up to 14 percent in December, according to forecasts from J.D. Power and Associates and LMC Automotive. According to the ...
Germany new car sales to shrink 3 percent in 2013, VDA forecasts
New car sales in Germany could fall to the second-lowest level in more than two decades next year, according to industry association Verband der Automobilindustrie (VDA). At a press conference in ...
Subaru expects 6 percent growth in the U.S. next year
Fuji Heavy Industries, the maker of Subaru automobiles, forecasts at least 6 percent growth in U.S. sales for Subaru in 2013. The CEO of Subaru of America, Takeshi Tachimori, said the ...
GM expects car sales in Europe to drop by 4-5 percent in 2013
General Motors forecasts industrywide auto sales in Europe will fall 4 percent to 5 percent in 2013 compared to this year, when sales are expected to be the weakest in ...

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