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Japan auto lobby sounds alarm over weak domestic sales

2014-12-18 10:23:51| Auto Dealers - Topix.net

The head of Japan's auto lobby on Thursday said a "sense of crisis" hung over the industry, with unexpectedly weak domestic sales revealing the failure of government stimulus policies and currency turmoil hitting key export markets. Japan Automobile Manufacturers Association Chairman Fumihiko Ike said an April sales tax hike was only partly to blame for the domestic sales weakness, citing the government's failure to boost consumption.

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Three Auto Industry Trends You Need to Watch in 2015

2014-12-18 01:19:58| AutomotiveDigest.com - Automotive Industry News

What interest rates, leasing, and new vehicle roll-outs are likely to mean in next years new vehicle sales trend. The Article Three Auto Industry Trends You Need to Watch in 2015 appeared first on Automotive Digest.

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Volvo may swap auto shows for online sales and more digital marketing

2014-12-17 20:49:08| Auto Dealers - Topix.net

With the notable exception of Tesla Motors and a few other cases, shopping for a car is something that's still done primarily in showrooms. However, Volvo has gotten hip to the fact that all of the kids are hanging on the Internet these days, and thinks more people might want to buy a car the same way they buy obscure collectibles and clothing they just end up returning anyway.

Tags: more online auto sales

 

Denver-area auto dealerships trade ownership

2014-12-17 16:34:30| Auto Dealers - Topix.net

Two Denver-area auto dealerships are gaining new owners after an unusual deal that may be a first for Colorado. Sonic Automotive is exchanging its ownership of the Don Massey Cadillac dealership in Lone Tree for John Elway Automotive Group's Elway Chevrolet on South Colorado Boulevard in Denver, The Denver Post reports .

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Ferrari seeks further expansion outside auto industry

2014-12-17 12:29:43| Automakers - Topix.net

The Italian brand's impressive supercars and title-bringing Formula One cars have created a legendary aura for the automaker and the company is increasingly seeking to cash in on the panache as it prepares to become independent. Recently, Sergio Marchionne, chief executive of the parent company Fiat Chrysler Automobiles announced the intention to spin off Ferrari in 2015, with 10% of the shares offered to investors through an initial public offering and the rest divided among FCA shareholders.

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