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Profits have more than doubled at Volkswagen after the German manufacturer delivered a record number of vehicles last year. VW reported a net profit of 15.8bn euros (£13.4bn; $21.2bn) for 2011, compared with 7.2bn euros in 2010, delivering more than 8.2 million vehicles, up nearly 15% on 2010. The company plans to spend 62bn euros on new … [Read more...]
Suzuki Motors has initiated arbitration proceedings against Volkswagen in a bid to buy back its shares from the German carmaker. Volkswagen bought a 19.9% stake in Suzuki in 2009, but relations between the two have since deteriorated. Suzuki ended its partnership with VW in September, after the latter accused it of breaking the terms of their … [Read more...]
Car production rose 14.1% in October as a total of 128,654 cars were made in the UK during the month and is up 5.8% over the year-to-date. UK engine production rose 12.0% and is up 5.7% over the first 10 months of 2011. "October was another positive month for UK vehicle production, with output up 12.5% and car manufacturing at its highest level … [Read more...]
According to new data from British Car Auctions (BCA) sales of used vehicles continue to play a vital role in sustaining the UK motor industry. BCA's Report reveals in 2010 used car volumes rose to 6.8 million and the overall market value increased to a record breaking £35 billion as the used car market continued to lead the recovery in the … [Read more...]
Kia's Approved Used Car Scheme has been recognised as the best in the industry having been crowned Used Car Scheme of the Year in the Auto Express Used Car Awards 2011 which were announced today. Auto Express praised Kia for going above and beyond normal approved used programmes with a number of customer benefits including its industry-leading … [Read more...]
Swedish car manufacturer Saab's application for protection from its creditors to help it avoid being pushed into bankruptcy has been rejected by a Swedish court in the Vanersborg district because it did not believe it would work. In response, Swedish trade unions said they could demand that Saab be declared bankrupt within days. Saab had … [Read more...]
The second generation of Bentley’s iconic Continental GTC convertible will debut at next month’s International Automobile Exhibition (IAA) in Frankfurt. Taking cues from its GT coupe sibling launched last year, the new Continental GTC builds on the highly successful foundation of the previous cabriolet, which premiered in 2006. Bentley’s … [Read more...]
Car manufacturing rose 1.3% in July and is up 3.7% over the first seven months of 2011. Commercial vehicle output however declined 5.9% in July and was down 5.1% over the January-July period. UK engine production remained stable, dipping just 0.4% in July and up 4.0% for the year-to-date. Vehicle manufacturing is forecast to grow steadily, … [Read more...]
British motorists concerned about sky-high petrol prices are being advised by an insurance expert at moneysupermarket to car share, avoid harsh accelerating and braking and find an alternative mode of transport for short journeys in order to save money. Pete Harrison’s recommendations come after the leading price comparison website looked … [Read more...]
Access to the all-new Ford Focus range becomes easier with the arrival of the all-new Focus Studio which goes on sale in September, as customers rush for new "61-plate" cars. This latest addition extends the all-new Ford Focus range to five series, with prices from £13,995 for the Focus Studio to £24,000 the top-of-the-range Titanium X with … [Read more...]
Volkswagen has officially started production of the new Beetle in Puebla, Mexico. On this occasion Dr. Guido Westerwelle, the Federal Foreign Minister, Felipe Calderón, the Mexican President, and Hubert Waltl, Board Member for Production and Logistics at the Volkswagen Passenger Cars brand, visited the Volkswagen plant in Mexico. "The Beetle … [Read more...]
Volkswagen, Europe’s largest car manufacturer, has set a new record by selling more than 4 million vehicles during the first half of the year. Deliveries increased by 14% on the same period in 2010 and were led by strong growth in Asian markets, mostly in China the region's largest market, where sales grew 19% to 1.26m. Meanwhile European … [Read more...]
ŠKODA has announced record worldwide sales of 454,700 vehicles in the first half of 2011, representing an increase of 20.1% when compared with the same period of 2010. The Czech manufacturer also recorded its best ever June sales with 81,300 vehicles sold (71,300 in June 2010) and a new sales record for the fourth consecutive month. “In … [Read more...]
Sales of passenger vehicles in China, including cars, SUVs, MPVs and minivans, reached 7.1 million units in the first half of this year, up 5.8% year-on-year, according to the China Association of Automobile Manufacturers (CAAM). In the first 6 months of 2011, sales of passenger vehicles and light commercial trucks totalled 9.3 million units, up … [Read more...]
June 2011 new car registration figures: New car registrations fell 6.2% in June according to the latest figures released today by the SMMT. 183,125 cars were registered in the month, with the market 6.2% or 12,101 units down on June 2010 while registrations over the first half of 2011 are down 7.1% to 1,029,638 units. “June new car … [Read more...]
Rdiscovered that out today from Auto Trader discovered that 74% of British car buyers feel apprehensive in a new car showroom, a larger percentage than in any other retail environment. The study undertaken to kick off Auto Trader's New Cars website revealed that manipulative sales people rank as the greatest element in helping to make the new car … [Read more...]
UK car manufacturing fell by 4.9% in May, but remains up 4.6% over the first five months of 2011 while UK engine production rose by 4.0% in May and was up 5.6% over the first five months of 2011. Following the earthquake and tsunami in Japan, the SMMT forecast earlier this year that there would most likely be a decline in production in Britain … [Read more...]
May 2011 new car registration figures: New car registrations fell 1.7% in May according to the latest figures released today by the SMMT. 150,431 cars were registered in the month, with the market just 1.7% or 2,664 units down on May 2010 while registrations over the first five months of 2011 are down 7.3% to 846,513 units. ‘New car … [Read more...]
The internet accounted for 3% of new and used car sales in the UK last year, according to new research from Mintel. Mintel said 200,000 new and used vehicles, were bought online in 2010 compared with total car sales of 8.1 million units. Over 30% of car buyers still choose the conventional approach of franchised or independent dealer to … [Read more...]
Hyundai has sold five million vehicles in Europe since the first Hyundai Pony was imported in 1977. The five millionth vehicle was an i30, which was launched in 2007 and has subsequently sold just over 320,000 units across the european dealer network. Hyundai’s sales momentum in Europe has increased steadily since 1977, culminating more … [Read more...]
TrustedDealers.co.uk was launched at the turn of the year, as a landmark collaboration between some of the UK’s leading dealer groups. One of the website’s initial aims is to counteract motorists’ fears over buying used cars. Research by the website revealed an alarming one in six Brits had previously bought a vehicle that had been written … [Read more...]
Indian car maker Tata Motors has reported a massive surge in profits to £1.3bn over the last year up a staggering 260% from the previous year thanks to a 33% increase in revenues. Business at its Jaguar Land Rover subsidiary witnessed a distinct turnaround, earning £1.1bn in profits before tax, having barely managing to break even in the … [Read more...]
A record amount of drivers in the United Kingdom are searching for fuel-efficient, eco-friendly vehicles, and green car sales are going to sky rocket over the coming months, a new report says. According to Motoring.co.uk, the interest in low emission vehicles is at its highest level at any time, with consumer interest rising 28% between December … [Read more...]
The European new car market shrank by 3.1% in April pushing year to date sales down by 2.1%, according to JATO Dynamics. Total new car sales in Europe were 1,122,383 units, compared with 1,158,348 in April last year while year to date sales totalled 4,804,429 units, down from 4,905,000. Of the top 5 European markets, only Germany witnessed an … [Read more...]
Industry used car price guide Glass’s have cut average used car values by 5% in its June edition as supply continues to exceed demand. “We believe the current conditions are ripe for a market correction to prices. “This is why the average movement to values this month amounts to around 5%,” said Glass’s Guide managing editor Adrian … [Read more...]
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