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One sector of the U.S. automotive industry will be quite unhappy at the announcement of the new car brand, from the Chinese industrial group Zhejiang Geely Holding Group. We are talking about the franchised car dealers. The new brand, aimed at Millennials, is likely to be sold under a non-traditional retailing approach, according to cryptic postings on various websites. Geely and Volvo, which Geely owns, likely are planning to sell via the Internet and company-owned stores, not through franchised dealers. Lynk, an "affordable premium" vehicle resembling those built by Volv...
Tesla Motors Inc. said buyers who place new orders for Model 3 vehicles can expect to begin receiving deliveries as soon as mid-2018, with production starting as scheduled late next year. To dispel any misunderstandings with customers who’ve placed pre-order deposits and those considering, the automaker announced it wants to clarify timing for the long-anticipated electric car. The Model 3, which is slated to begin at $35,000 before government incentives, is the key to Tesla’s plan to create a larger market for EVs. The company first unveiled the Model 3 at an event at ...
The latest car sales data shows that in September 2016, the sales volume of entry-level luxury cars in the US fell 17.4% year-over-year (or YoY) to 49,118 vehicle units. We should say that it is a significant decline. For the same period, the sales of entry-level luxury SUVs rose 12.6% YoY to 54,145 units, and the sales of entry-level sports cars fell 9% YoY to 25,408 units. Top car models in these entry-level luxury and sports vehicle segments were the BMW 3 Series, Mercedes-Benz C-Class, Lexus RX, Ford Mustang, Chevrolet Camaro, and Dodge Challenger. A total of 11,590 mid-range lu...
Nissan is very proud this September, since its Micra model was the most exported car from India, followed by Ford's Ecosport and General Motor's Beat. For the last few years, the Japanese automajor companies Nissan and Ford of US have been on the top slots. Month-over-month, one of the two companies will be number one and two. 7,412 units of Micra were exported in September. Ford's EcoSport sold 6,837 units while General Motors' Beat sold 6,643 units. Micra was launched by Nissan in 2010 and it was one of the successful products for the company both in domestic and ...
The president of Colorado's automobile association considers that it wouldn't make financial sense to open car dealerships on Sunday. Nevertheless, eliminating the Sunday prohibition on auto sales will be among dozens of recommendations headed to Colorado lawmakers in 2017. The recommendations are part of the annual review by the Department of Regulatory Agencies on state regulations set to sunset. Prohibitions of the sale of motor vehicles on Sundays - often listed as one of Colorado's so-called “Blue Laws” - have already been eliminated by 34 states. The Co...