US September new car sales surge 16% as buyers flood showrooms
Major US and Asian manufacturers posted double-digit gains in September, with strong incentives, cheap credit and a late Labour Day holiday fuelling demand for SUVs and pickups.
Coverage tagged Sales figures.
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Major US and Asian manufacturers posted double-digit gains in September, with strong incentives, cheap credit and a late Labour Day holiday fuelling demand for SUVs and pickups.
All first-year build slots for the Bentley Bentayga have been allocated, with over 3,500 orders placed for the luxury SUV following its Frankfurt debut.
European new car registrations climbed to 781,676 in August 2015, with SUVs from Renault, BMW and Mercedes-Benz leading the market's strongest gains of the year.
Tesla’s Model S faces slow sales in Germany and tough competition from established German brands, as new electric models from Porsche, BMW and Audi draw attention at Frankfurt.
Passenger car sales in China dropped 3.4% in August 2015, marking the third consecutive monthly decline as economic uncertainty and weak stock markets hit demand.
A reserve requirement cut by China’s central bank has freed up 30 million yuan for Volkswagen’s finance arm, offering scope to support car sales in a slowing market.
Volkswagen Group delivered 792,100 vehicles globally in July 2015, down from 822,200 a year earlier, as demand slumped in China, Russia and Brazil.
Dodge’s supercharged Hellcat models have generated intense demand, boosting the brand’s image and prompting a production increase for the 2016 model year.
The National Automobile Dealers Association expects US new vehicle deliveries to hit an all-time high next year, but warns millennial spending power could limit future growth.
Linda Jackson credits the C4 Cactus with reviving Citroën’s distinctive spirit and signals that its design-led approach will influence future models and concepts.
Volkswagen has discontinued the diesel-powered Polo TDI BlueMotion, citing low sales, while the petrol BlueMotion variant remains available in the range.
The Italian police and Carabinieri have begun deploying the five-door Seat Leon, with 2.0 TDI engines and specialist modifications, across their national fleets.
Ford has introduced region-specific incentives reaching over $10,000 on its 2015 F-150, raising questions about supply and demand for America’s top-selling pickup.
With competition from GM’s revived Colorado and Canyon, Toyota’s 2016 Tacoma will offer a factory GoPro camera mount as standard to target off-road buyers.
Nomura Holdings attracted at least 25,000 new accounts in early July as Toyota’s ¥500bn Model AA share issue spurred a rush of Japanese retail investors.
Bosch expects its automated driving assistance business to reach €1 billion in sales by 2016, driven by demand for radar and video sensor systems from global carmakers.
Americans are financing new cars with larger loans and longer terms than ever before, as average prices and monthly payments hit new highs.
A new report from Experian Automotive highlights a 35 percent rise in muscle car sales over nine years, with models like Mustang, Camaro and Challenger leading the resurgence.
Ford Mustang sales jumped 40 percent and Dodge’s Hellcat models sold out for 2015 as American muscle cars find new buyers despite earlier predictions of their decline.
Volkswagen and Audi have expanded their diesel range in the United States, betting on European-style fuel economy to attract buyers despite a challenging environment for diesel cars.
Lincoln will phase out its MKS saloon after the 2016 model year, clearing the way for a new flagship as the Continental concept edges closer to production.
BMW’s China deliveries fell by 5.5 percent in May, marking the first monthly drop for the brand in the country since 2005 and highlighting pressure on luxury carmakers.
Hyundai has reduced production at its Asan plant by 25 percent after reporting a second consecutive monthly drop in deliveries, citing weak demand and currency pressures.
Rising European car sales, driven by improving consumer confidence and favourable economic conditions, have yet to translate into stronger profits for manufacturers.