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Car Sales Slow in China's West, Denting Hopes of Auto Makers

2015-06-11 04:15:07| Auto Dealers - Topix.net

CHONGQING, China-A surprise sales slump is hitting what had been a fast-growing part of the world's biggest car market. That could be bad news for mass-market global brands like Volkswagen The global auto industry has, in recent years, been betting on China's west, where they see potential for faster growth than in the more affluent-and car-saturated-cities along the coast and in the country's eastern and southern manufacturing belts.

Tags: auto sales west car

 

Passenger car sales up 8 percent in May: SIAM

2015-06-11 00:10:35| Auto Dealers - Topix.net

The domestic passenger car sales grew by 7.73 percent in May and stood at 160,067 units from 148,577 units sold during the corresponding month of 2014, industry data showed on Wednesday. According to the data furnished by the Society of Indian Automobile Manufacturers , the total passenger vehicle sales, which include cars, utility vehicles and vans, went up by 4.67 percent to 217,671 units from 207,953 units sold in May 2014.

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Car sales jump 6% in New Jersey: Report

2015-06-09 15:17:17| Auto Dealers - Topix.net

New Jersey's auto industry sales continued to climb last year after its 20-year low in 2009, setting up car dealers for a strong 2015. The New Jersey Coalition of Automotive Retailers Sales reported sales of more than $32 billion in 2014, a 6 percent jump from the previous year, according to the Press of Atlantic City .

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Russian car sales fell 38% in May as ruble gains eased pressure

2015-06-08 17:37:17| Auto Dealers - Topix.net

Russian car sales slumped 38 percent in May, a fifth month of declines, as the government employed measures to help the industry amid a deepening economic contraction. Sales of new cars and light commercial vehicles dropped to 125,801 units last month from 201,487 a year ago, the Association of European Businesses in Russia said Monday in a statement .

Tags: sales car pressure russian

 

Not All Car Dealers Hate Tesla's Online Sales; Large Chains Back It, Bank Says

2015-06-06 07:36:01| Auto Dealers - Topix.net

Tesla Motors' business model of selling cars directly to customers without franchised dealers has earned it the ire of many a car-sales mogul. Viewing Tesla's online sales as a threat to their franchise model, quite a few state auto-dealer associations have undertaken campaigns against the carmaker.

Tags: back online large sales

 

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