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New Car Sales Accelerating Ahead

IT’S GOOD news in the new car market as the latest figures from industry body the Society of Motor Manufacturers and Traders (SMMT) reveal registrations already outstripping those of 2012 with one month of the year still to go. A total of 159,581 new cars were registered in November - a 7% rise on the figure for November 2012. Last month's figures took the year-so-far total to 2,111,819 - a 9.9% rise on the January-November 2012 total and already in excess of the year-end 2012 figure of 2.04 million.

Porsche reports big drop in sales

Well, it’s not exactly a surprise, given the doom and gloom in the industry at the moment, but Porsche has just reported a 27% drop in sales, down to 34,000 units, over the last six months. As you would expect, some models fared worse than others. The recently updated Porsche 911, which has had mid-cycle tweaks including the new PDK ‘box, held up pretty well.

Spyker hopes for a Saab purchase accord in 'days, not weeks'

Dutch niche carmaker Spyker Cars NV hopes to reach an agreement with General Motors Co. to purchase Saab in “days, not weeks,” Spyker's CEO said today. If that doesn't happen, CEO Victor Muller said, Spyker may have to give up.