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Even though the shares of US car retailers rose this September, analysts predict that longer-term concerns over the threat of eccomerce and weak demand in the sector remain. O’Reilly Automotive rose on Monday, up 2.7 per cent to $215.15. It outperformed the broad S&P 500 index which weakened 0.2 per cent to 2,496. The Dow Jones Industrial Average also traded down 0.2 per cent at 22,296 on Monday in New York, while the Nasdaq Composite shed 0.9 per cent to 6,370. Genuine Parts, which distributes replacement car parts, saw the biggest gains of any stock in the S&P 500 on Monday, ri...
Audi of America reported an August sales increase of 2.8 percent to 19,811 deliveries. The Q7 and the new Q5 and A5 Sportback helped drive consumer demand. August was the 80th consecutive record sales month for Audi of America. The previous August record was set last year with 19,264 deliveries. Through August, Audi has now sold 141,606 vehicles in the U.S. this year. Deliveries of the new Q5 rose to 4,767 and have now risen 11 percent for the year. Q7 sales rose 35 percent over last August to 3,174 and have risen 20 percent year-to-date. Through August, Audi SUV sales have risen 12...
People across the world, show more support for electric cars, and automakers start to deliver even more electric vehicles with longer range and lower prices. China even set an aggressive target for electric vehicle sales, in order to curb pollution, European countries aim to be all-electric by 2040 or sooner. Those lofty ambitions face numerous challenges, including one practical consideration for consumers: If they buy electric cars, where will they charge them? The distribution of public charging stations is wildly uneven around the globe. Places with lots of support from governme...
The owner and a huge Tesla fan has shared his thoughts on its favorite automaker and Tesla cars, and how his love for Teslas has been destroyed. He could be called as an adopter, since he bought his 892nd Tesla roadster to come off the assembly line in 2010. It had few problems, the motor had to be replaced multiple times. He bought his second Tesla then, and his third one both top-off-the-line Model S sedans. Paying almost $400,000 for the sleek, futuristic automobiles. He loved them at first, and even encouraged his brother to buy one. But at a moment, he simply stopped loving Tesl...
If you love Porsche cars, you'll be glad to find out that Porsche is again the most attractive car brand for drivers in the USA. For the 13th time in succession, the sports car manufacturer has finished top of the overall rankings. The Porsche 911, Cayenne and Macan models also took the top positions in their categories. More than 69,000 new car owners took part in the survey, assessing 243 models from 33 car manufacturers in 10 categories. Oliver Blume, President and CEO of Porsche AG, says that the aim of the company’s actions is to have thrilled customers. The results o...
