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Europe's car recovery persists as volume, luxury brands gain

2014-11-18 15:14:14| Auto Dealers - Topix.net

European new car sales rose 6.2 percent in October from year-ago levels as volume and premium leaders including the Volkswagen and BMW groups recorded stronger demand in key markets. Passenger-car registrations in the European Union and the countries of the European Free Trade Area increased to 1.113 million vehicles last month, from 1.047 million a year earlier, the Association of European Carmakers said on Tuesday.

Tags: car volume brands gain

As China's luxury car wave slows, foreign automakers seek domestic foothold

2014-11-18 15:14:13| Auto Dealers - Topix.net

Daimler will present its new ultraluxury Mercedes-Maybach subbrand at this week's Guangzhou auto show, even as analysts warn that the end is approaching for China's 10-year high-end car sales boom. The scale of the world's biggest auto market means Daimler and rivals such as Jaguar Land Rover simply cannot ignore it.

Tags: car foreign domestic seek

Cash-rich buyers driving luxury car sales

2014-11-16 19:24:56| Auto Dealers - Topix.net

Pricey: There are eight advance orders for the BMW i8 model which boasts the latest in hybrid technology and costs a 140k Pent-up demand for premium cars with high levels of specification will see a record number of motorists paying out between a 100k and a 200k for luxury transport in January. The BMW advance order book for 2015 is up 67pc on this time last year according to the company and sales leader in this segment, Audi, is up "significantly" but did not want to reveal in detail.

Tags: sales car driving luxury