Car Sales
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It’s emerged that Fiat Chrysler Automobiles [NYSE:FCAU] may be looking at a Federal Grand Jury investigation into its sales numbers. According to Automotive News (subscription required), some of FCA’s dealers in the United States have received subpoenas to provide documents and or testimony to a Federal Grand Jury investigation into reported sales numbers. A source revealed that investigators visited FCA’s U.S. headquarters as well as all nine regional business centers. The investigators were also said to have visited former and current employees at the homes. The automaker...
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Almost 1 in 3 McLarens are sold in North America
McLaren has revealed that North American buyers snapped up 519 of its cars in 2015, which represents almost a third of the 1,648 the sports car marque delivered that year. McLaren still only delivers a fraction of the cars that Ferrari [NYSE:RACE] does (7,664 in 2015 for the Italian), but it...
Viknesh Vijayenthiran -
SEC, Justice Department probe FCA over sales numbers
Fiat Chrysler Automobiles [NYSE:FCAU] on Monday confirmed an investigation by the Securities and Exchange Commission and Justice Department into sales numbers reported in its financial statements. The investigation comes after a pair of Chicago-area dealers in January filed civil lawsuits against...
Viknesh Vijayenthiran -
Jaguar believes F-Pace will set the sales pace for the brand
To say that Jaguar is excited to bring its new F-Pace crossover to market would be an understatement. The British brand expects the new raised-up ride to be its top selling model once it arrives in dealer showrooms. Why's that? Well the 25,000 pre-orders that have lead to a six-month waiting list...
Jeff Glucker -
Ford GT racks up more than 7,000 applications
Ford Motor Company [NYSE:F] last week fired up the ordering process for its new GT supercar. The process involves filling out a lengthy online application form at the website www.FordGT.com, which Ford will then vet to determine who the limited run of GTs to be produced will end up with. ALSO SEE...
Viknesh Vijayenthiran -
Tesla Model 3 pre-orders approach 400,000
It’s now been two weeks since Tesla Motors [NSDQ:TSLA] started taking pre-orders for its upcoming Model 3. After the first week, CEO Elon Musk confirmed that 325,000 people around the globe had pre-ordered the car and placed a deposit, helping top up Tesla’s coffers by almost a third of...
Viknesh Vijayenthiran -
BMW has now sold more than two million examples of its current generation mid-size sedan and wagon lineup, the 5-Series. Last year alone, BMW says it delivered 347,000 5-Series sedans, wagons, and Gran Turismo five-doors globally. A wide range of models is offered depending on the market, with everything from the 518d anchoring the bottom of its lineup in Europe to the nearly supercar-level M5 serving as its flagship. This generation--known internally as F10 for the sedan, F11 for the wagon, and F07 for the GT--has been offered since 2010. The automaker has offered a 5-Series-badged vehicle...
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Germany’s best-selling sports car in March was… the Mustang?
The sixth-generation Ford Motor Company [NYSE:F] Mustang has proven a hit in Europe since going on sale last summer. Even in Germany, home to a diverse range of sports models, the Mustang is selling like hotcakes. There, it is priced from 38,000 euros (approximately $43,290) and available only with...
Viknesh Vijayenthiran -
Tesla Model 3 pre-orders reach 325,000 in first week--update
Update: This post has been updated with a new total for Model 3 pre-orders. Tesla Motors [NSDQ:TSLA] CEO Elon Musk confirmed that as of Wednesday night pre-orders for the new Model 3 electric sedan totaled 325,000, a figure reached in just one week. He said this was well beyond Tesla’s...
Viknesh Vijayenthiran -
Lincoln sees strong initial demand for new Continental
The car that Lincoln says will be responsible for reinventing its image and its portfolio has 40,000 potential buyers. The 2017 Continental flagship sedan has generated a considerable amount of interest among the media, and now Ford Motor Company's [NYSE:F] luxury division has put a figure on the...
Andrew Ganz -
Aston Martin already has 1,400 orders for DB11
It’s only been a few weeks since the reveal of Aston Martin’s new DB11 at the 2016 Geneva Motor Show but already the company has managed to rack up 1,400 orders—and that’s before full details have even been released. The information was revealed to The Motor Report by Aston...
Viknesh Vijayenthiran -
Surging demand for $230k Bentayga has Bentley mulling more production
Strong early interest in Bentley's Bentayga, one of the world's most expensive SUVs at $230k, has sparked the automaker to consider boosting production even though only a small number have been made so far. Bentley said last fall that its first year of production was sold out, and back in December...
Andrew Ganz -
Jeep managed to sell 1,237,583 vehicles worldwide in 2015, which represents the highest total in the brand’s 75-year history. The total this year is likely to be even higher, though, as Jeep will finally have an official presence in the growing Indian market. ALSO SEE: Scion Axed, Most Models To Become Toyotas: Official Parent company Fiat Chrysler Automobiles [NYSE:FCAU] has confirmed that Jeep sales in India will commence by mid-2016. And to help mark the introduction of Jeep in India, the brand presented the Wrangler, Grand Cherokee and Grand Cherokee SRT models earlier today at the...
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Ferrari Share Price Dives Despite “Best Ever” Financials
While Ferrari's [NYSE:RACE] cars may have waiting lists stretching out more than a year, it’s a different story when it comes to demand for the automaker’s shares. Ferrari’s share price as traded on the New York Stock Exchange dropped to a new low of $34.03 yesterday before...
Viknesh Vijayenthiran -
Toyota Remains World’s Biggest Automaker With 10.15 Million Sales In 2015
Toyota ended 2015 with 10.15 million sales, retaining its status as the world's biggest automaker for the fourth year in a row. The final tally was down slightly on the 10.23 million sales Toyota made in 2014, though it was enough to edge out top contenders Volkswagen and General Motors Company...
Viknesh Vijayenthiran -
Lamborghini Delivers Record 3,245 Cars In 2015
Lamborghini set a new record in deliveries in 2015 thanks to an impressive 28 percent increase in sales. By December 31, the automaker had delivered 3,245 supercars worldwide, which compares to the previous record of 2,530 deliveries set in 2014. The surge in sales was due mostly to the...
Viknesh Vijayenthiran -
Ford To Exit Japanese, Indonesian Markets
Ford Motor Company [NYSE:F] announced today it will cease selling its Ford and Lincoln brands in the Japanese and Indonesian markets. The cited reason was a lack of a “reasonable path to profitability.” The move is expected to take place in the second half of the year and will lead to a...
Viknesh Vijayenthiran -
Lincoln To Test New Mileage Program For Lease Customers: Video
It's called Lincoln Miles, and it's designed to make leasing a Lincoln easier to track with regard to your mileage usage. An app on your smartphone will allow you to monitor your daily mileage usage and predict where you'll end up when it's time to turn the vehicle back into the dealer. The bonus...
Jeff Glucker -
BMW enjoyed its fifth-straight year of record sales in 2015 after rounding out the year with an impressive 1,905,234 deliveries. That represents a 5.2 percent increase on the previous year and has allowed BMW to retain its title of world’s best-selling luxury car brand. However, the competition is closing in fast. Mercedes-Benz sales shot up like a rocket in 2015 to end the year with 1,871,511 deliveries, a significant 13.4 percent increase on the previous year. The result saw Mercedes sail past Audi which, despite its ongoing emissions cheating scandal, still managed to increase...
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McLaren Sets New Sales Record In 2015
McLaren Automotive in 2015 enjoyed its best year of sales in the history of McLaren-branded road cars. A total of 1,654 units were delivered to customers worldwide, which was up slightly on 2014’s previous record of 1,648 units. The continued strong demand, plus the arrival of the entry-level...
Viknesh Vijayenthiran -
BMW Holds On To U.S. Luxury Car Sales Crown In 2015, Lexus Moves Into Second
When it comes to luxury car sales in the United States, BMW was the most popular brand in 2015. This was the fourth-straight year at the top for the blue and white roundel, though Lexus, having fully recovered from the Japanese tsunami disaster several years back, is currently second in the sales...
Viknesh Vijayenthiran -
Tesla Tops 50,000 Deliveries In 2015
The past 12 months have been a bit of a roller coaster ride for Tesla Motors [NSDQ:TSLA] which successfully launched its long-awaited Model X as well as the Autopilot autonomous system but suffered from reliability issues plus reports of a Model S burning to the ground while plugged in at a...
Viknesh Vijayenthiran -
Ferrari Deliveries Up 21 Percent In Q3, Chairman Targets 9,000 Annual Figure By 2019
Ferrari’s [NYSE:RACE] listing on the New York Stock Exchange on October 21st went off without a hitch, with the company’s share price opening at $53 and almost immediately rising to $55. Since then, the initial euphoria has worn off, with the share price closing yesterday at $51.87. And...
Viknesh Vijayenthiran -
Toyota Regains Lead In Global Sales From Volkswagen
After briefly leading the industry in global vehicle sales this summer, Volkswagen has now lost the crown to perennial leader Toyota which looks set to remain the world’s largest automaker by sales—and likely profits, too—in 2015. Toyota said it sold 7.49 million vehicles through...
Viknesh Vijayenthiran