Indonesia is among the top emerging markets in the Asia-Pacific region, with a population of 250 million. The country, which has 36 vehicles for every 1,000 residents, is seen as one of the world’s most promising passenger-vehicle markets.
St. Petersburg-made Kia Rio and Hyundai Solaris models are a significant part of both brands’ success in Russia. Kia and Hyundai rank third and fourth, respectively, in the country’s light-vehicle market.
The new model should appeal to customers of high-end European makes but “who really want an American car,” says Jim Farley, Ford’s chief marketing officer. “This is an in-your-face (car); there’s nothing subtle about it.”...More
A General Motors East Africa official says East African auto dealers are seeing growing demand for luxury cars, and the trade pact will allow them to “import those expensive toys and deliver them to our clients.”...More
How come we are not getting back to levels of the previous LV sales peak in 2006? The best answer to that question is the underperformance of pickups, especially the untapped potential of small pickups....More