Category: Sales

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…

TESLA TO TARGET UTE MARKET

Tesla founder Elon Musk’s plan to diversify his electric vehicle stable beyond luxury vehicles to utes is gathering interest among Australian tradespeople. The Toyota Hilux was Australia’s biggest-selling car in 2016 while, in the US, Ford’s F-150 ‘pickup truck’ is…

VOLKSWAGEN DEFIES SCANDAL TO BECOME WORLD NO.1

Volkswagen has defied its emissions testing scandal to become the world’s largest automotive manufacturer for the first time in history, surpassing Toyota. VW Group built 10.31 million vehicles in 2016, overtaking Toyota’s 10.18 million. The VW figure includes brands it…

SOLID JANUARY START FOLLOWS INDUSTRY’S RECORD YEAR

Motor vehicle sales across Australia got off to a solid start in January, with the month’s sales nudging ahead of the same period last year and a rise in activity among private purchasers. Total sales for January, including passenger cars,…

SALES OF GERMAN CARS OVERTAKE AUSTRALIAN-MADE

Last year, for the first time ever, Australians bought more German cars than they did locally-produced models. Figures supplied by the Federal Chamber of Automotive Industries (FCAI) show that of the 1,178,333 new vehicles sold in Australia in 2016, 87,392…