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Focus on refinancing amid car sales slump

2015-09-09 21:58:30| Auto Dealers - Topix.net

THE SLUMP in car sales has sent several hire-purchase operators shifting from car loans to the low-risk refinancing market, according to Ayudhya Capital Auto Lease, or Krungsri Auto. Managing director Pairote Cheunkrut said yesterday that the competition this year was more intense because more players have promoted refinancing to offset the decline in new car loans.

Tags: sales car focus refinancing

GM posts 4th China sales drop in 5 months as slump deepens

2015-09-08 13:46:17| Auto Dealers - Topix.net

General Motors said sales in China declined for the fourth time in five months, deepening its slump in the world's largest auto market. GM and its China joint ventures delivered 248,815 vehicles in August, 4.8 percent fewer than a year earlier, according to a statement on its website Monday.

Tags: months sales posts china

Sugar slump sends AB Foods profits into decline - as it reports slowdown at clothing giant Primark

2015-09-07 14:42:21| Sugar Industry News

Declining sugar prices and a slowdown in sales at Primark mean profits at Associated British Foods will be hit, the food and retail giant has warned.

Tags: reports clothing sugar giant

Luxury car sales in China slump

2015-09-02 05:56:27| Auto Dealers - Topix.net

BOOM times for luxury cars in China would appear to be over - for the time being, anyway - following the recent stock markets rout and currency devaluation, compounded by an already slowing economy. Luxury car makers have viewed China as a major driver of future revenue growth and invested billions in factories and facilities to meet what they saw as a never-ending demand for their vehicles.

Tags: sales china car luxury