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Used car sales return to pre-recession levels
Wed, 18 Sep 2013USED CAR SALES reached 7.1 million units in 2012, on a par with pre-recession levels and a climb of 6.4%, according to a comprehensive market report. The 2013 BCA Report by British Car Auctions valued the used car market a £38.1 billion in 2012, putting it £5.8 billion ahead of the new car market over the same period. In particular sales of younger used cars (0-2 years) increased significantly, rising by 18.6% to 762,000 and reversing a three year trend of falling volumes in this age sector.
New Altima, Fusion challenge Camry and Accord for sales dominance
Mon, 08 Apr 2013The Nissan Altima and Ford Fusion have entered the thick of the midsize sedan sales chase -- long a battle mainly between the Toyota Camry and Honda Accord -- leaving the rest of the pack a few laps behind. The also-rans include the Chevrolet Malibu and Hyundai Sonata. A lackluster design has hampered sales of the Malibu, and short supplies have held back the Sonata.
Jaguar Land Rover: Too expensive to build cars in India
Mon, 17 Dec 2012Tata boss Ratan Tata has said that building Jaguar Land Rover in India is impossible at the moment because of silly taxes. With the rise and rise of Jaguar Land Rover, you’d imagine that full scale production of both Jaguar and Land Rover models would be a given in India. But it seems not.