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Global auto sales expected to grow 3.9% in 2015: report
2014-12-26 07:37:32| Auto Dealers - Topix.net
Global auto sales are expected to grow at a faster pace in 2015 than this year, with relatively strong demand in the U.S., China and India likely to lead the overall growth, a report said Thursday. The Korea Automotive Research Institute, a research unit of Hyundai Motor Co., forecast that global car sales will reach 87.1 million units next year, up 3.9 percent from this year.
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Higher fuel prices expected to put Indonesia auto sales on slower path
2014-11-23 22:47:11| Auto Dealers - Topix.net
Indonesia's petrol-price hike could put the brakes on the speed at which consumers in Southeast Asia's biggest auto market buy cars and switch to four-wheels from two. President Joko Widodo last week cut subsidies and raised gasoline prices more than 30 percent to open the way for budget and other reforms.
Wipro quarterly profit up 7.9 pct; Oct-Dec sales expected at $1.77-1.81 bn
2014-10-23 06:53:12| IT Services - Topix.net
IT services firm Wipro on Thursday reported a 7.9 per cent growth in consolidated net profit at Rs 2,084.8 crore for the second quarter ended September 30, 2014, helped by infrastructure services. The city-headquartered firm posted a net profit of Rs 1,932.1 crore in the year-ago period.
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U.S., Canadian auto sales expected to stay strong
2014-10-14 08:54:13| Auto Dealers - Topix.net
Sizzling auto sales in Canada and the United States should continue to stay hot through next year, according to Royal Bank of Canada. The key factor propelling both markets is solid job growth, because households are more likely to make a major purchase such as a vehicle if they believe their jobs are secure, economist Nathan Janzen said in a report released Tuesday.
Auto finance growth expected to boost car sales into 2015
2014-09-24 22:05:39| Auto Dealers - Topix.net
The growth in U.S. auto sales has slowed but a healthy auto loan and lease environment should continue to support higher sales the rest of this year and next, Moody's Analytics says. Auto finance growth "appears quite sustainable and reasonable given the broader economic context," Cristian deRitis, a senior director at Moody's Analytics, said Tuesday during a webinar for Consumer Bankers Association members.
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