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Toyota Retains Global Auto Sales Crown
2014-10-27 21:40:28| Auto Dealers - Topix.net
1 automaker globally and on Monday reported selling 7.615 million vehicles in the first nine months of the year, a nearly 3% increase over the prior nine-month period. The Japanese automaker held onto the top spot despite facing slower sales in its home market after a rise in sales tax went into effect, and in China where cultural differences and a political dispute over the disputed islets, which boiled over in 2012 and led to a boycott of Toyota and other Japanese makers, have dampened sales.
China: auto sales growth slowing to 7% in 2014
2014-10-27 13:39:21| Auto Dealers - Topix.net
The chief of a Chinese auto industry body has predicted that the world's largest auto market - China - could face a slowing sales increase this year because of an equally dwindling overall economy. According to Dong Yang, secretary general of the China Association of Automobile Manufacturers , who was speaking to reporters on the sidelines of an industry gathering in Shanghai, the delivery increase would be of 7% in 2014, a 50% drop from the figure registered last year.
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2014-10-26 14:49:42| Auto Dealers - Topix.net
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Michigan Bans Tesla Direct Auto Sales
2014-10-23 00:01:55| Auto Dealers - Topix.net
Michigan this week became the latest state to ban direct consumer sales of cars by auto manufacturers, a move essentially directed at Tesla Motors, though the new law doesn't specifically name the electric vehicle maker. Keeping to a Tuesday deadline , Governor Rick Snyder signed a bill prohibiting automakers from selling vehicles directly to retail customers other than through franchised dealers.
Tags: auto
sales
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michigan
Niedermeyer: U.S. auto sales have a tough road ahead
2014-10-23 00:01:54| Auto Dealers - Topix.net
Secular pressures indicate that the new-car market could well be facing downside risk unless central bank policies remain aggressive, writes Edward Niedermeyer. Having enjoyed a roaring comeback from the depths of the global financial crisis, the auto industry is shifting back into cruise control.
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