Riding on high demand that outstripped supply, luxury car manufacturers Audi and Mercedes-Benz have ended 2014 with best-ever sales in their history in India. German carmaker Audi sold 10,851 units in 2014, compared with 10,000 in 2013, it said in a statement. Audi India sold 3,044 units in the October-December quarter, posting a 17 per cent growth over the year-ago period when it sold 2,611 units.
The Thai auto industry may have suffered a terrible year, with domestic sales plummeting by almost 40 percent during the first 10 months, but many believe the worst has passed and that 2015 will be a year of recovery.
India's product search and comparison site Junglee.com has introduced a new category for pre-owned vehicles in its e-commerce site.
The new pre-owned Vehicles Store offers customers pre-owned cars and bikes from over 160 cities across India. The company said it has over 25,000 pre-owned vehicle listings from car dealers like Mahindra First Choice, classifieds sites like Carwale, Zigwheels, Gaadi.com, Drivespark and hundreds of offline dealers and individuals.
E-commerce major Snapdeal and the world’s largest two-wheeler manufacturer Hero MotoCorp are tying up to sell the latter’s products online.
The ultra-luxury automobile market in China is expanding at a rapid pace. This trend, in turn, is greatly increasing the importance of the market in manufacturers’ marketing strategies. However, Italian supercar manufacturer Lamborghini’s performance has been the opposite. Over the past few years, Lamborghini’s Chinese sales fell from 320 vehicles in 2012 to 267 vehicles in 2013.
Shops selling commercial vehicle and passenger car tires in smaller cities and villages are expected to thrive, buoyed by a younger population, rising purchasing power and higher consumer confidence, according to a recent research study conducted by GfK.
“Although smaller by comparison to the big cities, these markets still contribute to a considerable 10 percent or more of the country’s overall passenger cars and utility vehicles tire replacement volume,” said Anant Jain, Account Director for GfK in India.
Carmaker Tesla became the third major company in recent weeks to set up an online-only business in China by announcing Tuesday it is partnering solely with Alibaba for its first foray into the mainland market.
Warren Buffet wants to sell your car. The billionaire investor on Thursday agreed to buy America's fifth-largest auto retailer and use it to launch a consolidation of the highly fragmented business.
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An affiliate of German carmaker Volkswagen has been fined more than USD40.5 million for price-fixing in China, authorities said Thursday, the latest company to be punished under a sweeping anti-monopoly crackdown. FAW-Volkswagen Sales Company, Ltd., a partnership between the Frankfurt-based firm and Chinese auto maker FAW, has...
China’s auto sales growth decelerated further in August to 8.5 percent while sales of SUVs surged by nearly a third. Drivers in the world’s biggest auto market by vehicle sales bought 1.5 million passenger cars in August, the China Association of Automobile Manufacturers said on Thursday.