Sales

1Q Car Sales Drop 13% in Indonesia

April 19, 2019 at 3:24 PM

New-car wholesales in Indonesia fell 11% to 90,200 units in March and 13% to 253,900 vehicles for the first quarter of 2019.

GM’s Entry-Level Baojun Brand in China Expands Upmarket

April 17, 2019 at 2:54 PM

General Motors and partners SAIC and Guangxi Automobile are expanding their entry-level Baojun brand in China upmarket with fancier models, a revamped logo and updated dealer showrooms.

New Car Deliveries in Europe Drop 4%

April 17, 2019 at 2:31 AM

Registrations of new passenger vehicles across Europe fell 4% to 1.77 million units in March and 3% to 4.15 million through the first three months of 2018, trade group ACEA reports.

Retail Auto Sales in China Fall 12%

April 16, 2019 at 12:16 PM

Retail deliveries of new passenger cars in China dropped 12% last month to 1.78 million units, the China Passenger Car Assn. reports.

U.S. Supplies of Unsold Cars at 20-Month High

April 15, 2019 at 1:33 AM

U.S. dealers began April with nearly 4.1 million unsold passenger vehicles—their largest inventory since July 2017, Automotive News estimates.

Vehicle Wholesales Continue to Shrink in China

April 12, 2019 at 3:16 PM

Factory sales by Chinese car and truck makers fell 5% to 2.5 million units in March, according to the China Assn. of Automobile Manufacturers.

VW Group Sales Fall 4%

April 12, 2019 at 1:54 PM

Volkswagen Group blames China’s slumping market for its 4% drop to 998,900 passenger and commercial vehicle sales in March.

Tesla Introduces Lease Option for Model 3

April 12, 2019 at 2:08 AM

Tesla Inc. is now offering U.S. customers the option of leasing rather than buying its Model 3 electric sedan.

Honda Says Its Sales in China Will Top U.S. by 2022

April 12, 2019 at 1:52 AM

Honda Motor Co. CEO Takahiro Hachigo tells reporters the company’s car sales in China are likely to match U.S. demand in 2-3 years.

Hybrids Exceed 50% of Toyota’s European Sales

April 11, 2019 at 5:15 PM

Toyota Motor Corp. says hybrid-powered vehicles are accounting for more than half its sales in Europe this year.

China’s GAC Ready to Export Cars to Russia

April 10, 2019 at 12:20 AM

Guangzhou Automobile Group Co. expects to begin shipping its GS8 SUV/crossover vehicle to Russia later this year.

Thailand Ponders Curbs on Easy Auto Loans

April 09, 2019 at 1:20 AM

Thailand’s central bank may decide by June whether to tighten lending rules for auto loans to  control spiraling household debt levels.