#NewCarSales
Carlypso: PHEVs To Reach 1 Percent Market Share In Q1 2015
By the end of Q1 2015, PHEVs are expected to take 1 percent of the overall U.S. domestic market despite fuel prices continuing their downward spiral.
Cuban New-Car Sales Total 50 During First Half Of 2014
Last year, the Cuban government finally made it legal for its citizens to freely buy new vehicles for the first time since Fidel Castro sent Fulgencio Batista packing in 1959. The people rejoiced right up until they saw the prices on the showroom floor this January, family sedans marked up 400 percent or above as if they were Ferraris and Bugattis.
Brazil Will End Tax Breaks On New Cars
Brazil’s government has announced that it will gradually end the rollback on taxes on manufactured goods including cars.
On Tuesday, the Brazilian government said that tax breaks on cars will be slowly rolled back next year, according to a report by Reuters. The government has to make up for billions in lost revenue that has harmed Brazil’s finances this year and had previously announced that it was going to revive the industrial products tax, known as IPI, charged on cars and other manufactured goods. Though many analysts expected an immediate return to the former 7% tax on new cars, the government decided to phase the taxes in gradually, starting with an increase in January from 2% to 3%.
With Discounts Waning, European Car Sales Crash
Bad European car sales are about to get worse. French September car registrations dropped 18 percent year-on-year, while Spain’s plunged 37 percent, Reuters reports.
Europe, Half Year Review: Bad News For French, Italians, Ford, And GM
Europe’s new car market continues on its downward spiral with sales down 2.8 percent in June. Half year sales are down 6.8 percent across the EU, data released today by the European Automobiles Manufacturers’ Association ACEA show today. Some countries and automakers do much better, some much worse.
Europe's Top Ten Cars Euro-Trashed In April
Yesterday, we brought you the bad news about European auto sales in April. You are a gearhead, you don’t care about market share and percentiles, you care about cars! Here is how cars fared in Europe in April. Are you safely buckled-up?
Germany In March 2012: No Crash
Stories of Greek defaults and Italian austerity programs make you think that Europe as a whole is just about to implode. Not true at all. The export-oriented German economy profits from the still relatively low Euro. The good mood in Germany is reflected in the number of new cars that were registered in March. Germany’s Kraftfahrtbundesamt reports a 3.4 percent rise in March, compared to the same month of 2011.
Japan In March 2012: New Car Sales Jump 72 Percent
New car sales in Japan rose 72 percent in March to 751,888 vehicles. Sales of registered vehicles climbed 78.2 percent to 497,959, says the Japan Automobile Dealers Association JADA. Sales of separately reported mini vehicles rose 60.5 percent to 253,929, as indicated by data of the Japan Mini Vehicles Association.
Germany In February 2012: Same Procedure As Last Year
It looks like the German new car market decided: “Last year was nice. Let’s do it again.” For a few months, the German market had retraced the prior year. In February, the prior year number has been hit with 0.0 percent precision.
China In November 2011: Auto Sales Down 2.42 Percent
You’ll probably hear that the Chinese car market grew a tiny bit in November. Don’t believe it. Not true. According to data released today by the China Association of Automobile Manufacturers (CAAM) the market for all automobiles dropped 2.42 percent compared to November last year. Not that the sky would be falling:
Germany In November 2011: Still Up
The German new car market appears to be unimpressed by the European tribulations. Germans bought 269.144 new cars in November, up 2.6 percent compared to November 2010. This according to registration data released by the German Kraftfahrtbundesamt.
India In October 2011: New Car Sales Way Down
Car sales in India got it under the chin in October. In October 2011, sales of passenger cars were down 23.77 percent, utility vehicles were up a hair at 0.41 percent, sales of vans decelerated by 17.57 percent.
China In October 2011: Running Out Of Gas
The China Association of Automobile Manufacturers (CAAM) released its October sales, and they confirmed the rumors that they were nothing to write home about. Total automobile sales are down 1.07 percent compared to October 2010. Production rose less than 2 percent. Passenger vehicles still outpace the overall market, up 1.42 percent.
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