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Showing results for tags 'sales report'.
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According to a recent report, Ferrari will form an owners' club and give its members first crack on the ludicrously expensive limited-edition Ferraris that roll out from time to time. Last year, the Italian automaker announced plans to build 80 units of the SA Aperta (shown above), a roadster derived from the 599 GTB coupe. But many long-time Ferrari collectors complained that these limited edition cars were snapped up before they had a chance to act. The SA Aperta was unveiled at a customer-only event in August 2010 at the Pebble Beach Concours d'Elegance. It was then displayed publicly at the Paris Auto show the following month. The cars were sold out by the end of September 2010. Speaking with Automotive News Europe, Ferrari CEO Luca Cordero di Montezemolo said "I do not want our faithful collectors to miss the opportunity to buy one of our special series." He declined to divulge details, but speculation suggests the club could be limited to customers who already own five Ferraris. The company says there are about 300 people worldwide who can make that claim. One such person that I can think of is Hong Kong Singer, Aaron Kwok. According to Wikipedia, Kwok owns a F50, F512M, F355 GTS, F360 Modena and F599 GTB Fiorano. Do you know of any Singaporeans who can qualify to join the exclusive club ?
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VW Group sold more than 6 million vehicles in first 9 months of the year
SYF77 posted a blog entry in MyAutoBlog
The Volkswagen Group is defying the economic crisis and gearing up to set a new sales milestone this year. For the first time in its history, the German maker sold 6.11 million vehicles in the first nine months of the year, representing a 13.9 percent increase over the same period in 2010. "We are very pleased with the development of the Group. Delivering six million vehicles in nine months represents a key milestone on the way to reaching our annual target of eight million vehicles sold in 2011," said Group Board member for Sales Christian Klingler. "We are also expecting very good delivery figures for the fourth quarter. We continue to keep a close eye on developments in global automobile markets, some of which are highly volatile," Klingler added. The VW Group also enjoyed sales increase in all regions between January to September 2011. The breakdown is as follows: Asia Pacific: +17.3% to 1.92 million units North America: +21.4% to 485,400 units South America: +9.5% to 700,900 units Europe: + 10.8% to 2.77 million units In its home market of Germany, the VW Group's deliveries grew by 12.3 percent to 864,400 units. Breaking down by brands in the VW Group: Volkswagen: +12.3% to 3.81 million units Audi: +17.4% to 973,200 units Skoda: +16.8% to 664,800 units Seat: +3.1% to 266,800 units VW Commercial: +25.5% to 389,900 units -
[extract] The all-new eighth generation Chevrolet Malibu is a historical model, being the first vehicle in the American automaker
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Volkswagen will increase its investment in the coming five years as it sets its sight to overtake General Motors and Toyota as the world's largest auto maker within the next 10 years. Europe's largest car maker aims to sell more than 10 million vehicles by 2018 and achieve a pre-tax profit margin of at least 8 percent, which would equate to a return on investment in their core Automotive Division of over 16 percent. Although VW's supervisory board meets every autumn to decide on the rolling investment plan, this year's 62.4 billion euros plan represents a significant jump compared with the 51.6 billion euro investment over five years targeted last November. "The overall figure sounds spectacularly high, but one has to remember that 4 to 5 percent capital expenditure-to-sales ratios are relatively normal in the industry," said UniCredit analyst Georg Stuerzer, pointing to a figure that has fluctuated between 4.6 and 6.6 percent at VW between 2007 and 2010. According to data from annual reports, VW's capital expenditure at its core Automotive Division amounted to 5.0 percent of sales last year, less than the 6.0 percent rival Daimler invested in its Mercedes-Benz cars division. Volkswagen met a setback in its bid to dominate the industry when Suzuki Motor said that it wanted to end an alliance that would have boosted the German group's small-car presence in India. In addition, VW also called off a merger with financial holding Porsche SE this year because of legal issues and is now examining other options to integrate the holding's 51 percent stake in Porsche sports cars. In its bid to be world
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The end is here for Mazda's rotary-powered RX-8 sports car as a result of low sales volume and more importantly, stricter emissions standards. According to a report from Automotive News, production of the RX-8 has stopped in early July and the remaining inventory will be sold by the end of this year. Mazda has stopped offering the car in Europe last year, after failing to meet the more strict EU emission standards. Last year, the Hiroshima-based company managed to deliver just 1,134 units, a 49% decrease compared to 2009, while sales in the first half of 2011 decreased by a further 21%. The front-mid-engined rotary sports car was launched by Mazda in 2003, with its best sales year in 2004, moving 23,690 units. It is the last in the line of rotary-powered sports cars that started in 1971 with the RX-2. This could very well be the last mass-produced rotary-powered sports car. Kiyoshi Fujiwara, the brand
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[extract] After the March 11 disaster causing multiple problems to the country's automotive industry, Toyota, the world
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During the first half of 2011, Audi Middle East moved 3,725 vehicles across 12 Middle East markets, representing an increase of 18.4% over the same period a year ago. The UAE remained the the largest market for the German premium car manufacturer with 1,531 cars delivered to customers and a growth of 29.6 percent over 2010. The second largest market is Saudi Arabia with 681 units sold and an increase of 22.7 percent. Growth for Audi Middle East was fuelled primarily through the launches of the new Audi A1, A7 as well as A8 L, which was launched at the end of 2010. The oil rich continent seemed to favor large automobile, and the top sales models are the Audi Q7, A8 L and Q5. Well, this should not come as a surprise in a place where oil is cheaper than water.
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BMW has emerged as the top selling car brand in Singapore for the first half of 2011, followed closely by rivals Mercedes-Benz The Bavarian carmaker led the German charge by selling 2,479 cars in Singapore for the first half of 2011, a 2.3% increase over the same period in 2010. Rivals Mercedes-Benz was second with 1,943 cars sold from January to June this year, a 0.4% rise. Long-time leaders Toyota/Lexus are now third, with 1,678 units shifted in Singapore in the first half of 2011, a massive 52.5% decrease. This can be attributed to a major reduction in COE quota and the subsequent rising COE prices, especially in Category A where Toyota has been the dominant player over the past few years. With COE prices reaching new highs, premium carmakers like BMW and Mercedes-Benz now have the advantage as buyers are less hard hit by the rising COE prices. The trend can also be seen downwards, with fellow German brands Volkswagen and Audi rounding off the top five. Volkswagen sold 1,548 cars from January to June 2011, a remarkable achievement despite it being a minor 1.7% decrease from 2010. Audi shifted 986 cars during the same period to end up fifth, a 4.4% improvement. The rest of the top 10 saw major decreases for several Korean and Japanese marques, with Kia, Hyundai, Honda and Nissan all seeing significant drops in 2011 compared to 2010. Kia sold 584 cars, down by 72.2%, Hyundai shifted 524, decreasing by 70%, Honda saw a fall of 67% with 503 cars sold, and Nissan recorded 446 sales, down by 73.6%. The final spot in the top 10 was taken by Volvo, which leapfrogged Porsche with a 7.6% increase in sales for the first half of 2011, having sold 376 cars. In terms of models, the BMW 5-Series was the top seller, with 1,268 units sold. This was significantly ahead of the second placed model, the Mercedes-Benz E-Class, which sold 962 cars. Toyota
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[extract] Das Auto has done it again, delivering over more than 2.53 million vehicles in the first half of 2011. This represents a substantial 11.8 percent increase over the same period last year. In doing so, the company sets a new record for the first half of the year. The news follows last month's report that VW sold over 2 million vehicles in the first five month of the year. The brand also reported an increase in sales for the month of June, with 438,500 units sold, an increase of 9.8 percent over June 2010
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[extract] Aston Martin will reduce the production volume of the Rapide saloon in order to match supply with a decreased demand. Production will be cut to only 1,250 cars a year or 24 cars per week, which is slightly over half of the 2,000 cars initially planned in 2007/08. Several sources imply that volume could even be dropped to 10 per week but the automaker is insistent that it won
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Citing the Asian expansion and the increasing popularity of small cars as reasons, Ford Motor Co. predicts that its global sales will increase by 50% by 2015 to 8 million each year. In an e-mail, spokesman John Stoll said that Ford anticipates that by 2020, small cars will make up 55% of sales and that one-third of sales will come from Asia. In an interview with CNBC, Ford CEO Alan Mulally gave confirmation of this goal. A source said last October that in private, executives are working to meet this target by 2015. In 2010, Ford sold 5.3 million vehicles worldwide. In the CNBC interview, Mulally said that the sales plan
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[extract] The Mazda MX-5 has been ranked the highest sports car in the 2011 J.D. Power vehicle ownership satisfaction survey published recently. It beats worthy opponents such as the Volkswagen Scirocco, Audi TT, Mercedes Benz CLK and SLK. This is not the first time that the Mazda MX-5 has been successful in the J.D. Power Survey. It even notched up a satisfaction rating of 82.4 percent, an increase on its last year
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Toyota has announced profits of US$314 million for the first three months of 2011, down 77% as compared to the same period a year ago. Fortunately, Toyota still managed to remain profitable in spite of the March 11 earthquake that caused most Japanese plants to shut down. Toyota's sales were predictably low for the quarter, and revenue was hurt as a result. Toyota's profits for its fiscal fourth quarter may be disappointing, but the automaker is likely to release even less promising figures for the first 6 months of 2011. This is because Toyota is still struggling through supply issues, with many plants running at only 50% capacity, if they're running at all. Further, Toyota says that dealers in the U.S. and China are likely to see less products in the coming months, which could lead to much lower revenue. On a brighter note, Toyota now says that production should ramp up to 70% of capacity by June, up from previous estimates of July or August. That should help get Toyota back on its feet faster, which is good for employment as well. For the whole fiscal year, Toyota earned US$5.9 billion or nearly three times the profit of fiscal year 2009. Revenue was also up by 0.2% to $237 billion on sales of 7.3 million vehicles, up by 71,000 units as compared to 2009. The outlook for Toyota doesn
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[extract] BMW announced that it will start selling parts and accessories direct to owners for the first time, thanks to a partnership with eBay. Dubbed
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[extract] Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income amounted to US$116 million in the first quarter of 2011 compared to a net loss of $197 million in the same period last year. At the same time, the company