New car registrations were 136,446 last month which is down 13.2% from a year ago with the end of the car scrappage scheme and the fragile economy blamed. However, so far this year, new car sales remain 15% higher than July 2009. New car registrations fell 13.2% in July, following 12 successive monthly rises. Market remains up 15.1% over the … [Read more...]
Toyota announce first quarterly profit for 2 years despite recall problems
August 5, 2010 By Leave a Comment
Japanese car manufacturer Toyota has announced its largest quarterly profit in 2 years, with sales recovering as the firm tries that will put the recall of millions of vehicles behind it. Toyota made a net profit of 190.4bn yen ($2.2bn; £1.4bn) in the 3 months to June, bouncing back from a 77.8bn yen loss in the same period in 2009. Group … [Read more...]
Strong profits for BMW driven by improved trading conditions and demand from Asia
August 3, 2010 By Leave a Comment
German car manufacturer BMW has announced a tremendous increase in profits, as a result of the recovery in international markets, consumer demand from China and solid sales of new models. The company made 834m euros (£692.8m; $1.1bn) between April and June, an increase of 121m euroson 2009 while sales increased by 18.3% to 15.35bn euros. BMW … [Read more...]
Afghanistan call up for JustGoodCars.com Commercial Director
August 2, 2010 By 2 Comments
Colin Mathieson, Commercial Director at JustGoodCars.com, will be spending the next nine months working for the British Forces as a Liaison Officer in Helmand Province, Afghanistan. As an RAF Reservist Colin spends many weekends and a 15 day continuous training period each year fulfilling his role as a Medical Support Officer with the Royal Air … [Read more...]
Geely Completes Acquisition of Volvo
August 2, 2010 By Leave a Comment
Ford has completed the sale of Volvo to Chinese car manufacturing group Geely for $1.5bn. The deal which was agreed in March, marks the US company’s final disposal of an overseas car brand after it sold its UK Aston Martin brand to Kuwaiti-led investors in 2007, and Jaguar and Land Rover to India’s Tata Motors in 2008. It also marks the … [Read more...]
Want a bargain? Bag a Vauxhall
August 2, 2010 By Leave a Comment
We hear that there is a lot of ex-rental late plate Vauxhall stock around which some dealers are struggling to shift, even at substantial discounts so it is clearly a brand to look at if a bargain is what you’re after, especially Corsa and Astra models. … [Read more...]
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