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Austin new car sales rose 10.5 percent in August as Central Texas auto dealers continue to bounce back from a super start for the year. For the first eight months, car sales are up 2.5 percent compared with the same period last year, the highest rate for the year.“Austin is experiencing such rapid growth in its economy and population — at a higher rate than most areas in the U.S.,” said Vicki Roberts, dealer principal for Lexus of Austin and Lakeway. “The automotive industry as a whole is expecting its largest volume year in 2015 and there is no surprise that Austin&rsq...
Vietnam is a growing auto trade in South Asia. Car sales rose 62% in the eight months to August, to 70,033 items. The most of Vietnam's roads are produced by local companies such as market leader Thaco, which assembles vehicles for Kia, Mazda and Peugeot. But in the last few years there were imported cars from other countries and consists about 40 % of sales. Sales of Mercedes-Benz cars grew 43 % in 2014, making Vietnam the second-fastest growing global market for the German carmaker. Rolls-Royce and Bentley recently opened their first dealerships in Vietnam. The ...
European car sales rose 12 percent in August. As rising economic confidence encouraged purchases of new sport utility vehicles from French manufacturers Renault and Citroen and luxury producers BMW and Mercedes-Benz.European Automobile Manufacturers’ Association, or ACEA, said: "Eight-month sales increased 8.6 percent to 9.38 million autos. That included growth of 9.5 percent in July."BMW - the world’s biggest maker of luxury cars, is attracting customers with the coupe-like X4 and X6 SUVs, and is presenting the latest version of the X1 at the Frankfurt Internationa...
In June, the National Automobile Dealers Association (NADA) rates making cars more expensive to finance, a drop in used car prices and to keep cars longer. A projection by Bank of America Merrill Lynch indicated that auto sales could rise to 20 million new cars by 2018. The less-good news for the automakers is that the analysts expect “a very significant downturn after that.”Americans are buying more cars now, the number of miles driven today is down about 6.7% compared with June 2005. On the basis of just total miles driven, in August U.S. drivers posted a new record of nearl...
“Today, crude oil prices, the main ingredient for gasoline, is less than half the price it was a year ago,” said Nuuanu gas station owner Barney Robinson, “so that’s why we’re enjoying lower prices today.”Hawaii ranks among the highest average of gas prices, but Robinson said the state will no longer be on the top of the list. It now trails Nevada, California and Alaska.“California has a supply problem,” explained Robinson, “and they have a boutique gasoline requirement, so when they have a supply problem, it always drives gas (prices) up t...
