Car Sales
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Swedes, as you might expect, are partial to their Volvos. The Swedish brand is headquartered in Gothenburg and, according to the BBC News, more than one in five cars sold there are plucked from the Volvo lineup. Still, it was not a Volvo vehicle that claimed the top 2016 sales spot for a single model. That honor was claimed by the Volkswagen Golf. It's rather rare for Volvo to find itself in this position in its home market. The number one selling vehicle in Sweden has been a Volvo dating all the way back to 1962. Back then another Volkswagen pulled off the rare feat, but that car was the old...
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6th-gen Camaro overtakes Mustang in monthly sales for first timeIt wasn’t long ago that Chevrolet’s Camaro consistently outsold the Ford Motor Company [NYSE:F] Mustang. In fact, the Camaro enjoyed a five-year streak between 2009 and 2014. But with the launch of its sixth-generation Mustang, Ford suddenly had the edge and has been in front in the...
Viknesh Vijayenthiran -
2017 Toyota 86 will be $950 more than outgoing FR-SToyota has priced its new 86 sports coupe from $27,120, which is an increase of about 4 percent over the Scion FR-S that it replaces. But the 86 is more than just a rebadge of the now-discontinued Scion brand's coupe. A host of chassis, interior, and styling updates make the first truly sporty car...
Andrew Ganz -
2017 Toyota Tacoma TRD Pro starts at $41,700, ain't no mountain high enoughWe saw it coming, but that doesn't soften the blow much now that it's here. Toyota announced this week that prices for its 2017 Toyota Tacoma TRD, an off-roading pickup powerhouse, will start at $41,700, including destination. That's the entry price for a 6-speed manual transmission pickup with all...
Aaron Cole -
VW is world’s biggest automaker for first half of 2016, but woes keep pilingDespite the fallout from its diesel emissions cheating scandal, the Volkswagen Group has managed to take the lead in global sales for the first six months of 2016. The German automaker delivered 5.12 million vehicles over the period, a 1.5 percent improvement over the same period a year ago, which...
Viknesh Vijayenthiran -
Report: Federal Grand Jury probes FCA sales numbersIt’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...
Viknesh Vijayenthiran -
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 expects numbers to grow substantially in coming years as it executes its Track22 plan. The plan calls for 15 new cars between now and 2022. McLaren says 2016 will see its deliveries approximately double from 2015’s levels. The additional growth will mostly be due to the new, more accessible Sports...
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SEC, Justice Department probe FCA over sales numbersFiat 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 brandTo 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 applicationsFord 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 400,000It’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 sells 2-millionth sixth-generation 5-SeriesBMW 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...
Andrew Ganz -
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 the turbocharged 2.3-liter 4-cylinder and 5.0-liter V-8 options. ALSO SEE: 2017 Ford Mustang Shelby GT350 gets standard Track Package, new colors According to sales data published by Germany’s federal transport authority, the KBA, the Mustang was the best-selling sports car for the month of...
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Tesla Model 3 pre-orders reach 325,000 in first week--updateUpdate: 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 ContinentalThe 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 DB11It’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 productionStrong 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 Sales Starting In India By Mid-2016Jeep 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...
Viknesh Vijayenthiran -
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 closing the day at $34.98. That was down $4.95 on the previous close, or about 12.4 percent. More worryingly, though, the price is 33 percent lower than Ferrari’s $52 IPO and as much as 43 percent lower than the $60.97 high reached shortly after shares started trading last October. The cause for...
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Toyota Remains World’s Biggest Automaker With 10.15 Million Sales In 2015Toyota 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 2015Lamborghini 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 MarketsFord 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: VideoIt'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 Tops Luxury Car Sales Race In 2015, Mercedes Moves Into SecondBMW 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...
Viknesh Vijayenthiran