Spring is here, and it's the perfect time to discover fresh feelings of adventure.If you are willing to explore your need for speed, then RepoKar is the right place for you! RepoKar is a fun, high-octane online Public Auto Auction where you'r...
Just in case you were wondering about McLaren switching to the SUV market, now we know for sure that this thing won’t happen anytime soon. The company will continue working on driver’s cars and GTS cars. More and more SUVs are being introduced by more and more manufacturers at the moment, some of which are arguably just trying to soak up the market demand and go with the trends. McLaren Automotive isn’t looking that much at increasing its sales figures, as it is focusing on quality first. So far this year McLaren sales in Australia are up by almost 150 per cent yea...
We’re used to seeing the South Korean automotive business flourishing, which is why we were a bit surprised when Hyundai Motor and its smaller sibling Kia Motors revealed these poor sales for May. These car companies registered double-digit fall against a year-ago period as they face tougher challenge from Chinese rivals in the largest automobile market. Hyundai Motor and Kia Motors shipped out a total of 482,968 vehicles last month, down 14.3 percent from a year earlier. Overseas sales of Hyundai Motor came to 307,362 units, down 16.5 percent on year, while those of Kia Motor...
Almost half of the year is gone, so it’s getting pretty clear that the U.S. auto sales won’t reach a new record in 2017. We expect the U.S. car sales to reach approximately 17.2 million units in 2017, which is a less than the earlier prediction of 17.5 million. Still not so bad, when we think of all the issues happened in the automotive world by now, right? Based on dealerships' data through the first part of May, the average incentive was $3,583 per unit, a record for the month of May, analysts said. That was up from $3,342 in May 2016. Measured another way, the ave...
Although Panasonic Corp. is an electronics company, it's becoming quite the rev head. The Japanese brand that's indelibly associated with televisions, audio equipment and microwave ovens now makes more money from auto parts than home appliances. In presentations to investors, the company divides its product portfolio into three business characteristics: high-growth, low-growth and low-profitable. At the top of that tree is automotive batteries, car cockpits and advanced driver assistance systems. The only non-vehicle segment enjoying management's high-growth optimism is air conditi...
Tomorrow the U.S. May auto sales will get revealed by the automakers, but before that here’s what specialists forecast. Expect the car sales to edge up 0.2% in May to 1.525M units. Sales for mid-size SUVs/crossovers are expected to jump 10%, while compact and mid-size car sales are seen dropping. Retail numbers for May are expected to finish strong, however they continue to be supported by considerable incentives and lease subvention. In recent months, leasing appears to be reaching its peak, which is expected, given declining residual values and which is contributing to this ...
