Global sales of BMW Group’s core brand rose faster in June than at Audi and Mercedes-Benz as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.
Sales at the brand were up 9 percent last month to 153,075, the group said today, compared with growth of 5 percent to 140,300 and 8 percent to 131,609 at Audi and Mercedes respectively.
Six-month sales at BMW brand rose 8 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6 percent each to 780,500 and 694,000 respectively.
“BMW has stronger momentum than Audi and Mercedes, that won’t change in the second half,” said Hanover-based NordLB analyst Frank Schwope. “Design of their cars has improved and they’re ahead [...]
Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.
The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15, Nasdaq OMX Group Inc. said in a statement Monday. Oracle, which last month said it will join the NYSE, is the biggest company to jump between the competing exchanges.
Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year as the popularity of its new Model S sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks tracked by investors is attractive to public companies because it provides a guaranteed shareholder base.
The Toyota Camry and the Honda Civic, the top-selling mid-size and compact cars in the U.S., face risks of reduced production as inventories of the models rise, an RBC Capital Markets report said.
Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June and Honda carried about 25 days more Civics than usual, Joseph Spak, a New York-based analyst for RBC, said in today’s report. Camry and Civic were the only models identified as at risk for reduced output among 16 of the top-selling vehicles in the U.S. market. General Motors Co., Ford Motor Co. and Chrysler Group LLC all added U.S. market share in the first six months of 2013, the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet Cruze compact and Ford’s Fusion mid-size sedan, leading Detroit’s most competitive set of [...]
Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.
The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.
Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.
Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.
Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.
Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in [...]
Are you tired of driving around during one of El Paso’s hottest summers in a car that has no AC, or one that constantly breaks down and just isn’t cutting it anymore? If this is the case, it’s about time you upgrade your vehicle. While many people opt to buy a brand new car, it’s often better to choose a used car. Not only can you get a car in great condition, you can get one for a great price. Another great thing about buying used? “Buy here pay here” used car financing, which can help you get financing to buy a car that may be above your price range without having to worry about things like your [...]
Looking for a new car can be stressful due to price and commitment, which is why some people consider a used car. It is common for used car dealerships to get a bad rap, however, it doesn’t have to be that way. There are steps you can take in order to have a positive experience when looking at used cars for sale. If you want an easy sale with no issues, our team at Express Auto Credit, in El Paso, can help you.
Setting A Price Range is Helpful
Choosing a price range for your potential purchase will be an important factor in finding the best vehicle. This will allow you to narrow down the results into a category that you are able to afford. From there you can [...]
If you’re on a budget but need a new car, there are some things you will probably want to take into consideration. You should consider purchasing a used car because it is possible to find great ones that are in excellent condition. If you are in Socorro, Texas, try searching for used cars on Alameda. There are plenty of great cars in our inventory at Express Auto Credit. Don’t sit back wishing for a new car when you have the capability to go and make one yours.
Get A Car With Your Budget
Used cars are a great option for someone on a budget. The reason for this is because there are plenty of used cars available for reasonable prices. You don’t have to put yourself in a financial burden just because you want [...]
Car salespeople, particularly those that sell used cars get a bad rap. They have been accused of swindling and selling things that cannot be delivered. But not all car salespeople, like us here at Express Auto Credit, are like this. With us, buying a car is more like having a conversation. Still, here’s a guide for chatting with car dealers.
Chatting with Car Dealers
The IHS, an automotive research firm, reports that the average American will purchase nine new or used cars over the course of his or her lifetime. These experiences will be more likely to go in your favor if you are prepared for them. Therefore, it is best to go online and do some research before you head over to a car dealer. Be sure to find out how much [...]
Most car buyers do not take the time to shop for used car financing before going to the dealership. This is a big mistake that many dealers can easily take advantage of. Those who do not take the time to research their options are more likely to have hidden fees passed on to them. This is because most people do not realize is that dealers do not finance the car loans. They are the middlemen who simply arrange to finance using their relationships with banks and financing companies.
What to Look Out for in Used Car Financing
One of the biggest scams that people fall for when it comes to used car financing is having the dealer unknowingly increase the monthly payments by adding such things as a warranty and [...]
Have you ever thought about the benefits of purchasing used cars for sale rather than new cars? Contrary to some beliefs, there are actually many benefits of investing your money in the right used car. Being on a budget can be tough but even then, you can still find a great car to get around in. If you are in El Paso or the surrounding areas, Express Auto Credit can help you find an excellent used car. Our team knows the importance of having a reliable car to get you to work and other important life functions.
Late Model Cars at a Lower Price
So why consider used cars for sale? One great reason is because you can get a late model car for an excellent and much lower price. Late model cars [...]