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There might be a problem this month with new auto sales but not when it comes to California. The registrations for new cars sold first months this year, exceeded 500.000, which is a 3.8% improvement comparing to last year. It's a 22nd consecutive year-over-year increase in quarterly registrations, which of course is great news not just for carmakers and dealers, but for costumers too. We are pretty sure the state will top 2 million new vehicle registrations for the second straight year. Brian Maas, the president of the California New Car Dealers Assn. said Ca...
Reid Bigland, FCA Canada CEO and head of FCA’s U.S. sales, was named Tuesday to steer global sales of luxury brands Maserati and Alfa Romeo. Bigland was chosen to build up the Alfa and Maserati brands worldwide because of his extraordinary record of growing sales in the U.S. and Canada over the last seven years. Bigland’s influence at FCA’s U.S. headquarters has grown along with his responsibilities. Pitting Maserati and Alfa against such luxury heavyweights as BMW and Mercedes will test Bigland’s sales prowess. After a 20-year absenc...
Jaguar's F-Pace is a very promising new brand's crossover and the automaker expects it will become its best-selling model to date. There are already about 25,000 customers who pre-ordered the F-Pace ahead of its European launch at the end of last month. Jaguar predicts that China and the U.S will be the top two markets for the SUV.The biggest-selling Jaguar ever, the F-Pace, enters a fast-growing segment and will allow Jaguar to attract younger customers. The average age of Jaguar buyers is 54 and the F-Pace could reduce this to 44. Jaguar also e...
The days of auto sales increasing are reaching their end this month, at least that's what J.D. Power and LMC Automotive think.This May wasn't this friendly to new car sales, that is why they will fall down to 5.7% from the same month last year. The reason of such a decrease is partly because this year has two fewer selling days. That's how the seasonally adjusted annualized rate will slip to 17.4 million vehicles from 17.71 million in May a year earlier. This April, had the same adjusted annualized results as this May may have. Because of these runnin...
New cars sold in U.S. in May and June will retain about 47,8% of their sticker prices, which is down from the current 52% value for three-year-old vehicles. Customers will have a strong credit availability, five years of high residual value retention rates are predicted thanks to increased demand for new vehicles, and of course the low prices for gas. It's been revealed that for six straight years, U.S. light-vehicles sales have been growing, the record of 17,5 million vehicles sold a year ago is included too. Another 3,3% of sales grew were registered for first four month...
