Mercedes Unlikely to Win U.S. Luxury Race: CEO

Mercedes Unlikely to Win U.S. Luxury Race: CEO
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In the competition to take the U.S. luxury crown, Mercedes-Benz has all but conceded in the race, admitting that it won’t play any games to try to be number one. Continue Reading...

Toyota on Track to Regain Title As World’s Largest Automaker

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Toyota on Track to Regain Title As World’s Largest Automaker
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Toyota has announced its sales figures for the first half of 2012, and the numbers look like Toyota will be able to beat out GM and Volkswagen in sales for 2012. In the first six months of this year the Japanese automaker sold 4.97 million vehicles. Continue Reading...

Hyundai to Become Third Best Selling Retail Car Brand in America Next Year Says CEO Krafcik

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Hyundai to Become Third Best Selling Retail Car Brand in America Next Year Says CEO Krafcik
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Hyundai’s combination of style and fuel economy appears to be paying off at the dealership level with the record sales allowing the Korean automaker to move past long standing industry top sellers. In fact, as of June, Hyundai has moved past Ford to become the fourth best selling brand in America when it comes to… Continue Reading...

Average New Car Price Reaches All-Time High of $30,748

Average New Car Price Reaches All-Time High of $30,748
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The average new vehicle sold in March in the United States reached an all-time high of $30,748, up from $28,771 a year earlier. Even though average car prices are going up, buyer preferences may also be shifting in a non-traditional direction towards smaller and cheaper cars. Sub-compact and compact car sales, for example, are growing… Continue Reading...

Auto Sales In India Poised To Overtake Japan

Auto Sales In India Poised To Overtake Japan
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At one point, Japan was among the world’s leading auto markets but the country has yet to regain its stride after last year’s devastating earthquake and tsunami. Japanese auto sales dropped to half the peak rate and a recovery has yet to take hold. Global information company IHS Automotive conducted a study that shows sales in India… Continue Reading...

GM to Retake Top Spot as World’s Largest Automaker

GM to Retake Top Spot as World’s Largest Automaker
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There may still be two months to go, but General Motors is all but certain to reclaim the title of World’s Largest Automaker for 2011. GM last held claim to producing the most vehicles back in 2007, and for the 76 years before that, before being ousted by Toyota in 2008. Toyota has since retained… Continue Reading...

Cuba Legalizes Car Sales After 5 Decade Ban

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Cuba Legalizes Car Sales After 5 Decade Ban
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In the past, unrestricted vehicle sales were only limited to cars built before the Cuban revolution of 1959, giving the streets of Cuba a unique backdrop of Chevrolet Bel Airs, Chrysler Imperials and Studebaker Commanders. Decades under Cuba’s communist regime had prevented its people from purchasing land or new automobiles but finally, a new law… Continue Reading...

Report: African-American, Asian and Hispanic Women Driving Auto Sales

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Report: African-American, Asian and Hispanic Women Driving Auto Sales
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The latest trend driving auto sales growth is focusing on women from a diverse set of ethnicities. In studies done by R. L. Polk & Co., African-American, Asian and Hispanic women are making headway when it comes to making vehicle purchases for their families. Polk’s findings show that vehicles purchased by these groups have increased… Continue Reading...