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China auto sales fall in June, the first time in at least two years
2015-07-08 11:09:46| Auto Dealers - Topix.net
China, the world's largest auto market, has been a boom for the global automakers for years - posting double-digit jumps and fat margins. But the recent slowdown of the economy has also impacted the automotive industry.
Could Greece's rejection of loan deal impact auto sales in southern Europe?
2015-07-07 01:30:55| Auto Dealers - Topix.net
Greece 's vote to reject creditors' demands for more austerity in return for further rescue funds, and its pending plans to drop the Euro in favor of its old drachma may have a major impact on southern European auto markets, especially those controlled by Fiat Chrysler Automobiles and PSA/Peugeot-Citroen, which up until now has been seeing a rise in new car sales in Italy, Portugal and Spain, which now comprise about 12% of their sales volume. While Greece recorded 71,128 new-car registrations were recorded last year , Italian sales reached 1.36 million, while Spain reported that 855,300 cars were registered, and Portugal's posed sales reached 142,827.
GM China auto sales flat in June despite broad price cuts
2015-07-06 12:02:06| Auto Dealers - Topix.net
GM and its Chinese joint-venture partners sold 246,066 cars in June, virtually unchanged from the same month a year ago, the U.S. automaker said in a statement on Monday. That compares with a 4 percent year-on-year drop in May sales and a 0.4 percent dip in April, when the automaker switched to reporting retail sales rather than wholesale data for China.
Auto sales stagnate in June, eye monsoons
2015-07-06 09:57:19| Auto Dealers - Topix.net
The domestic passenger vehicle industry endured a sluggish month in June as most major manufacturers barring Tata Motors and Honda either posted a decline in sales or single-digit growth. Market leader Maruti Suzuki, which had been outpacing the industry and growing in double digits in the last few months, reported a mere 1.65% growth in June compared to the same month last year.
Canadian auto sales climb 1.2% in June
2015-07-02 23:59:59| Auto Dealers - Topix.net
Dianne Craig, President and CEO of Ford Canada, delivers a speech as the company celebrates the global production start of the 2015 Ford Edge at the Oakville, Ont. plant.
Tags: june
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