Category: Sales

RECORD SALES IN OCTOBER

Small cars and SUVs, together with a continued strong demand for light commercials, have driven Australia’s new vehicle market to a record October sales result, according to data released by the motor industry’s official statistical service, VFACTS. October sales reached…

FERRARI TO ADD MORE AUSTRALIAN DEALERSHIPS

Following a 2016 report that showed Australia has the greatest ratio per capita of new Ferrari owners, the Italian icon plans to almost double its presence down under by the end of 2018. Australia has even outstripped China and oil-rich…

RECORD SALES MONTHS IN JULY, AUGUST

Australia’s motor industry has now posted five months of record sales for 2017, with August the fourth successive month of record gains and the highest August outcome on record, according to the motor industry’s official statistical service, VFACTS. The August…

AMAZON TO SELL CARS?

Internet giant Amazon could soon sell cars online in the UK after trialling the enterprise in Italy. It is believed that selling cars online in the UK is the first step in Amazon’s plan to move into the European automotive…

US CAR SALES CONTINUE TO FALL

The US retail automotive industry has suffered a fourth consecutive monthly drop in sales. The six largest auto manufacturers missed analysts’ estimates in April, with Ford Motor and Honda Motor reporting the sharpest declines. Fiat Chrysler Automobiles NV’s New York-traded…

TESLA OVERTAKES FORD AND GM

For the first time ever, Tesla has overtaken Ford and General Motors in terms of market value. That makes Elon Musk’s electric-vehicle producer the auto manufacturer with the biggest market capitalisation in the United States. The company, however, is not…

ALL-TIME SALES RECORD IN JUNE

Australia’s new motor vehicle sales achieved a best-ever monthly result in June, according to the motor industry’s statistical service VFACTS. June sales hit a new monthly record high of 134,171, an increase of 4.4 percent to surpass the previous best…

CAR AFFORDABILITY BEST SINCE THE 1970’S

Dealers have reason to rejoice, knowing car affordability is running at the best levels on record. Latest VFACTS figures indicate the market – buoyed by low interest rates, a strong share market, rising employment and high personal wealth levels –…