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India's accelerating growth revs up car sales

2016-02-03 22:02:00| Auto Dealers - Topix.net

Consumers in the world's fastest-growing major economy are kicking into gear, buying more cars and helping India's auto industry shatter sales records. More than three million cars were sold last year in India, a 6.4% increase over 2014, according to Euromonitor.

Tags: sales car growth accelerating

 

Toyota pulls the plug on Scion small car brand

2016-02-03 18:04:16| Automakers - Topix.net

Toyota Motor Corp said it will wind down its Scion brand in the United States, retreating from a 12-year effort to create a separate identity for small cars aimed at young buyers. Toyota said it will start rebadging three 2017 model Scion cars as Toyotas starting in August.

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January Storm No Match For Strong Car Sales

2016-02-03 10:22:01| Auto Dealers - Topix.net

Despite some very strong headwinds, car and truck sales for January are coming in fairly even with 2015 levels-when they were expected to be down about three percent. "Mother Nature was no match for our Jeep brand last month as we recorded our best January Jeep sales ever," said Reid Bigland, Head of U.S. Sales.

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New car sales hit record in January

2016-02-03 02:22:43| Auto Dealers - Topix.net

New Zealand new vehicle sales rose to a record in January, as demand for commercial models offset a decline in passenger registrations. Registrations increased 1.9% to 11,893 in January, compared with the year-earlier month, marking the strongest January on record, according to the Lower Hutt-based Motor Industry Association.

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Russia's crisis produces a paradox: surging luxury car sales

2016-02-02 18:02:31| Auto Dealers - Topix.net

It seems something of a paradox; while mass-market car sales in the country have tumbled along with the rouble and oil prices, one area is bucking the trend - luxury cars. "It's bizarre," said IHS Automotive analyst Tim Urquhart.

Tags: sales car crisis luxury

 

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