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Mercedes to Top BMW in Luxury Car Sales

2016-04-12 15:22:20| Auto Dealers - Topix.net

Mercedes-Benz was the biggest seller of luxury cars globally in the first quarter, monthly registration figures showed on Tuesday, putting it in the frame to knock BMW off the top spot this year for the first time in a decade. Mercedes, owned by Daimler, has not been the best-selling luxury car brand since 2004, but is surging ahead thanks to growth in China, the world's largest car market, where its sales jumped 36.4 percent in the first quarter.

Tags: top sales car bmw

Luxury retailer LVMH sees revenues rise

2016-04-12 02:57:01| BBC News | Business | UK Edition

Luxury retailer LVMH chalks up 4% revenue growth amid a tough European market and a slowdown in some parts of Asia.

Tags: rise luxury sees revenues

Insulin's Surging Price Turns Diabetes Staple Into Luxury Good

2016-04-08 14:11:43| Biotech - Topix.net

Patients with diabetes are constantly being offered the technological equivalent of the latest smartphone. Trouble is, many can only afford a basic handset.

Tags: good price turns luxury

Small cars to get cheaper in Vietnam after luxury tax cut

2016-04-08 11:01:19| Auto Dealers - Topix.net

Sales of small cars are expected to increase sharply when a lower luxury tax rate comes into effect this July, local media reported, citing industry insiders. They expected the prices of cars with engines smaller than 1.5 liters will drop by US$500-1,000 each when new tax amendments takes effect, cutting luxury tax for small cars from 45 percent to 40 percent, news website Saigon Times Online reported.

Tags: small cars tax cut