Car Sales
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The 2014 Chevrolet Corvette Stingray turned out to be the star of last week’s 2013 Detroit Auto Show, with almost all that saw it agreeing the design team at General Motors did a great job. Now that the new Corvette’s auto show debut is over, fans all across the country, including many with deposits, are likely eager to see it in their local Chevy dealer. Unfortunately for some, not all Chevy dealers will receive new Corvettes to sell. Automotive News (subscription required) is reporting that General Motors Company [NYSE:GM] will for the first time require its dealers to have sold...
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Porsche Sales Soar To New High In 2012Porsche is well on its way to achieving its goal of 200,000 sales by 2018, having set a new record for sales in 2012 and edging closer to the launch of several all-new models. Porsche has reported worldwide sales of 141,075 units for 2012, an increase of 18.7 percent on 2011’s record tally of...
Viknesh Vijayenthiran -
Toyota Regains Global Sales Crown From GM In 2012After its sales were hampered in 2011 by an earthquake in Japan and flooding in Thailand, not to mention ongoing unintended acceleration claims, Toyota rebounded in 2012 to reclaim the title of world’s largest automaker which it had lost to General Motors the preceding year. The Japanese...
Viknesh Vijayenthiran -
The Chevy Camaro Beats The Ford Mustang, Again - In 2012 SalesWhen it comes to muscle cars, there are Ford guys, there are Chevy guys and there are Mopar guys. While most Porsche owners would be willing to take a Lotus for a spin, while the Lotus driver borrows the keys to a Nissan GT-R, muscle car guys rarely cross brand lines. In fact, the most die-hard...
Kurt Ernst -
Acura Announces Pricing For Its RLX FlagshipRevealed in production trim at last year’s Los Angeles Auto Show, Acura’s flagship RLX sedan will begin arriving at dealers on March 15. To promote the car ahead of its launch, Acura dealers will kick off a test-drive oriented “Destination RLX” campaign in February. Five...
Kurt Ernst -
Lamborghini Sales Up 30 Percent In 2012Lamborghini sales grew an impressive 30 percent last year to end the period with 2,083 sales in total. That’s still off the pace of the company’s record result in 2008, where it sold a total of 2,430 vehicles. Nevertheless, it’s substantially higher than the 1,602 vehicles sold in...
Viknesh Vijayenthiran -
The economic climate in Europe may be sub-optimal, but that hasn’t stopped German luxury automakers from posting record worldwide sales in 2012. Buoyed by this success, BMW is already predicting it will sell more vehicles in 2013 than it did in 2012 according to Automotive News Europe (subscription required). That’s somewhat of a lofty goal, considering that BMW outsold its luxury rivals in 2012 and set a new sales record in the process. Counting only BMW vehicles (excluding MINI and Rolls-Royce), the German automaker saw an 11.6 percent increase in sales last year, delivering...
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Rolls-Royce Posts Record Sales In 2012, U.S. Remains Biggest MarketRolls-Royce has achieved its best sales in its 108-year history, with the world’s mega-rich buying up 3,575 Phantom and Ghost models during 2012. What’s more impressive is that the new sales level is on the back of record numbers in 2011, where Rolls-Royce managed to sell 3,538...
Viknesh Vijayenthiran -
Acura To Rework Slow-Selling ILX: ReportAcura had high hopes for its newest gateway vehicle, the 2013 ILX sedan, which was introduced at last year’s Detroit Auto Show. The idea behind its creation seemed logical enough: by basing an Acura model on the Honda Civic, the automaker could lower the price of entry and attract a younger...
Kurt Ernst -
BMW Tops U.S. Luxury Auto Sales In 2012While other parts of the globe struggled in 2012, the U.S. has experienced its best year in auto sales since 2007, with close to 14.5 million light vehicle sales registering over the past 12 months, a 13 percent increase over 2011’s tally of 12.7 million sales. A significant portion of those...
Viknesh Vijayenthiran -
Maserati Hopes To Triple Quattroporte Sales With New ModelMaserati has made little secret of its desire to boost sales almost 10-fold to 50,000 units annually by 2015, with the latest 2014 Quattroporte just the first of a handful of next-generation models the automaker hopes will woo buyers. The new Quattroporte goes on sale early next year and will be...
Viknesh Vijayenthiran -
Tesla Reprices The 2013 Model S SedanLast week we told you that Tesla would be announcing a price increase on its 2013 Model S sedan, for all orders taken on or after January 1, 2013. At the time, the electric car builder also indicated that changes would be coming to the Model S’ list of standard equipment and option packages...
Kurt Ernst -
Just in time for their U.S. debut at this week’s Los Angeles Auto Show, Mercedes-Benz has announced pricing on several new-for-2013 models, including the SLS AMG GT Coupe, the SLS AMG GT Roadster and the GL63 AMG crossover. Replacing the 2012 SLS AMG Coupe, the 2013 SLS AMG GT will carry a starting price of $202,505, including a destination charge of $905 and a Gas Guzzler Tax of $2,100. That represents a price increase of $10,330, though $400 of that is an increase in the Gas Guzzler Tax and $30 of that is an increase in the destination charge. If you’d prefer a topless version...
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MINI Prices The Paceman And The John Cooper Works GPIf you’ve been waiting to get your hands on a MINI Cooper Paceman, the coupe variant of its Countryman crossover, here’s what you need to know: the Paceman will go on sale on March 16, 2013, priced from $23,900, including the required $700 destination charge. That money buys you the...
Kurt Ernst -
Rolls-Royce Presses Onward With Global Dealership ExpansionWhile the economy in Europe may be struggling, there is no shortage of wealth in the Asia-Pacific region, which has now surpassed North America in the the number of high-net worth individuals. In fact, the number of households exceeding $5 million in net worth will grow at three to five percent...
Kurt Ernst -
Infiniti Becomes Title Sponsor For Red Bull Racing F1 Team, Expands DistributionWhen Red Bull Racing debuts its 2013 RB9 chassis, you’ll notice the Infiniti name is featured a bit more prominently than in years past. You’ll also see a new name for the team, as Red Bull Racing becomes Infiniti Red Bull Racing next season. Infiniti announced its title sponsorship of...
Kurt Ernst -
Tesla Model S Price Rise On The HorizonThe Tesla Model S electric luxury sedan has been a runaway success, with the car praised by most that have driven it and order books already registering more than 13,000 sales. To take advantage of the strong demand, Tesla is in prime position to charge a little more for the Model S and that is...
Viknesh Vijayenthiran -
Mercedes-Benz Racks Up 90,000 Orders For New A Class: ReportIf at first you don’t succeed, try, try again. That’s exactly what Mercedes-Benz did with several successions of its entry-level A Class, which has transformed from a tallish MPV in its first generation to a sleek sports hatch in its current form, and is finally winning the hearts of...
Viknesh Vijayenthiran -
Last February, Lamborghini’s manager for the Asia Pacific region, Christian Mastro, predicted a cooling in the Chinese market at a time when other luxury brands were still bullish on increasing sales there. It turns out that Mastro was right, and Lamborghini is seeing decreasing demand for its supercar products in both China and Europe. Lamborghini’s CEO, Stephan Winkelmann, confirms this, admitting to Bloomberg TV that demand for ultra-luxury cars won’t grow in 2013. Despite this, Winkelmann remains optimistic for the future. The U.S. economy, Winkelmann believes, is...
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Investors Fear Mercedes Will Trade Profit For Increased SalesMercedes-Benz is struggling in the United States market to displace BMW from the top of the luxury auto sales pyramid. Its strategy seems to be based on introducing a dizzying array of new cars, some positioned to attract new and younger buyers into the Mercedes family. This much is clear: its...
Kurt Ernst -
2014 Jaguar F-Type Already Racks Up More Than 2,000 OrdersDespite not officially being on sale yet, the 2014 Jaguar F-Type has already racked up more than 2,000 sales, which is almost a third of the 6,000 to 7,000 examples Jaguar is hoping to sell in 2013. Most of those orders come from customers in Europe, where the F-Type made its official debut, but...
Viknesh Vijayenthiran -
70 Percent Of Cadillac ATS Buyers With Trade-Ins New To The BrandCadillac’s U.S. sales were up by 37 percent in October, fueled by gaining momentum on the West Coast and by demand for the all-new XTS and ATS sedans. Now in its third month of sales, the XTS found a home with 2,000 new buyers last month, while the ATS saw sales climb steadily in its first...
Kurt Ernst -
2013 Rolls-Royce Ghost Starting Price Rises To $260,750Prices on the Rolls-Royce Ghost sedan rise slightly for the 2013 model year, with the new base price coming in at $260,750, a jump of $7,050 on last year’s model. That price includes destination and a gas-guzzler tax, the latter of which is responsible for part of the increase. Because of the...
Viknesh Vijayenthiran -
Tesla Accepting Roadster Trade-Ins On New Model SJust like its cars, Tesla’s dealership model is very different to what you’ll normally find in the auto industry. Rather than independent showrooms, Tesla has its own retail-style stores, some even located in shopping malls, where potential customers can find out more about...
Viknesh Vijayenthiran