The Ford Mustang is currently the best-selling sports car in Germany and in many other European countries. Sales are so strong that allotments for official importers are usually sold out for the rest of the year and customers are flocking to gray importers, who offer cars at higher prices and without factory warranty.
What made Europeans go crazy for a pony car all of a sudden? Is something changing in European tastes, or is the new Mustang just that good? And why can’t other American cars make it in Europe? (Read More…)
Volkswagen dealers in the U.S. will get more vehicles to sell this year and next, but there’s still no word on possible reparations or when to expect a diesel emissions fix.
At a meeting with dealers at the National Auto Dealers Association convention on Saturday, Volkswagen brand chief Herbert Diess promised to “redefine” the brand and boost shipments of popular models, Automotive News has reported.
The meeting aimed to calm the fears of increasingly frustrated dealers while providing some certainty about product strategy. Despite promising to carry on with the strategy favored by departed Volkswagen of America CEO Michael Horn, Diess’ reassurances didn’t win over everyone.
You’re car shopping for your dream car. You test drive it. It’s perfect. Everything in its place. The power … breathtaking. You look at the window sticker and there are a few numbers after a dollar sign. You can afford it — just.
Next year, your dream car will have no discernible differences from the one you are driving today. Everything will still be perfect, in its place, and the power will be just as intoxicating. Except next year the price will go down $5,000 thanks to a “Made in China” stamp on the doorjamb.
CEOs and senior execs going on shopping runs to Staples may soon be able to leave their MKTs at the parking garage when the Chinese-made Volvo S60L arrives next year.
Automotive imports to China were down 11% in the first six months of 2013, to 526,000 cars, according to China’s largest import dealer group. That wasn’t the only bad news luxury car importers got.
And here, by popular demand, the sales of cars imported to Japan in June, and for the first half year of 2013, as published by the Japan Automobile Importers Association. For those with open eyes and mind, a few items quickly become clear: (Read More…)
Last week, I had a few very interesting discussions with a few very famous people, and I should not keep them to myself. The discussions were about one of my pet peeves, the supposedly closed Japanese car market, and the allegedly manipulated Japanese currency. Some very knowledgeable people I talked to were convinced it’s true. Other very knowledgeable folks said it’s utter baloney. In a rare display of balanced reporting, I will bring you both. And as they say, we purport, you decide.
Contrary to lore, American cars are a hot export product that is in high demand abroad – as long as there are foreign badges on the Made in America cars. For the first time, Toyota will ship U.S.-made Venza to Russia and China, says The Nikkei [sub]. (Read More…)