Category: Sales

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 –…

LEXUS DRIVERS MOST SATISFIED: POLL

More Australian Lexus drivers are satisfied with their vehicle than owners of any other make, according to a Roy Morgan Research poll. The poll found that 96 per cent of Australian Lexus owners were satisfied with their cars, compared to…

‘VENDING MACHINE’ CAR RETAILER TO GO PUBLIC

A US used car retailer that allows customers to buy cars online and pick them up from towers resembling giant vending machines has, according to reports, approached investment banks for an initial public offering. The company, Carvana, has supposedly hired…