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All used up: Pre-owned sales rise as consumers seek new-car alternatives
Fri, 22 May 2009Used-car sales took a leap upward in April, and the trend is expected to continue at least until midyear as pent-up demand for affordable pre-owned vehicles jacks up at least one segment of the car marketplace. Sales of new cars continued an unabated slide toward what analysts say is a 30-year low in the United States, but used-car sales showed strength as buyers unable to finance new cars shifted their sights to less expensive used models. As a result, retailers such as the large Penske Automotive Group reported that despite an overall decline in sales in the first three months of 2009, improving used-car sales kept them in the black.
Top Global Car Brands 2012: Toyota, Mercedes, BMW, VW, Honda, Ford & Hyundai
Wed, 03 Oct 2012Interbrand has released its 2012 Top Global Brands rankings for 2012 with Toyota, Mercedes, BMW, VW and Honda the top four car brands. Last year, when we had the 2011 Top Global Brands revealed, Toyota managed to come at the top despite a year beset with the woes of the Tsunami. And for 2012, Toyota has hung on to its top automotive brand gong with a brand value of $30.28 billion.
MG and 'Rover' set to re-join forces
Tue, 03 Jul 2007By Keith Adams Motor Industry 03 July 2007 01:29 Reports in China suggest that Shanghai Automotive Industry Corp (SAIC) is once again in talks with Nanjing Automobile Corp (NAC), the owners of the MG marque and the Longbridge factory. The deal is being backed by Chinese government, which wants to see more cars sold in export markets. Are we looking at the creation of a latter day MG Rover based in the Far East?