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Tax-Cut Fuelled China Car Sales Growth Adds $0.26 To Our 2016 General Motors EPS Estimates

2015-11-06 17:31:37| Auto Dealers - Topix.net

Ever since September 30th when the Chinese government announced it would cut car sales taxes from 10% to 5% for all vehicles with engines smaller or equal to 1.6 liters in size until the end of 2016, it was clear that General Motors' China unit would benefit from this change. Afterall, for GM China a total of 30 carlines or 128 trim-levels qualify for this tax cut.

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Plunge in new car sales blamed on uncertainty created by VW emissions scandal

2015-11-05 20:36:30| Auto Dealers - Topix.net

A PLUNGE in new car sales has been blamed on the uncertainty created by the emissions cheating scandal engulfing Volkswagen. The disgraced German car giant has seen sales of many of its best-known brands decline sharply in October in the wake of revelations that it fitted a "defeat device" to millions of cars worldwide to dupe diesel emissions checks.

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UK car sales fall 1% in October

2015-11-05 13:18:39| Auto Dealers - Topix.net

UK new-car registrations slipped 1.1 percent in October compared with the same month last year, and overall demand for diesel vehicles edged down in the aftermath of Volkswagen Group's emissions scandal, industry data showed. The Society of Motor Manufacturers and Traders said in a statement today that car sales fell to 177,664.

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Luxury car sales up 30%-plus

2015-11-05 09:10:39| Auto Dealers - Topix.net

The number of sales in Miami-Dade County's luxury car market increased more than 30% from mid-July to mid-September compared to the same period last year. About 31% more near-luxury car sales were reported this past report period compared to a year before, with the BMW 3 Series topping the list yet again, according to a market report by Dominion Dealer Solutions, a Virginia-based firm that tracks auto dealership sales nationwide.

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New car sales for October: Winners and losers

2015-11-04 15:42:03| Auto Dealers - Topix.net

General Motors, behind gains in light-truck demand at Chevrolet , GMC and Cadillac , along with strong retail and fleet volume, posted a 16 percent increase in October U.S. sales. Volume rose 18 percent at Chevrolet and GMC, and 13 percent at Cadillac.

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