Each PIVE program offered subsidies to new-car buyers who had to show they were scrapping a model 10 to 12 years old. But because none set a minimum ownership period, some old vehicles changed hands without leaving the junkyard....More
Lincoln isn’t aiming to elbow aside the Mercedes S-Class or Audi A6. It wants to cash in on the increasing popularity of CUVs and SUVs to grab a slice of what soon will be the largest luxury pie in the world....More
Lincoln vehicles will be sold through an independent network of 60 dealers in 50 cities across China by 2016. Ford's luxury brand spent three years researching the market, including building a prototype dealer facility in Shanghai to test and refine every aspect of the Lincoln customer's journey through the purchase and ownership process.
Wealthy young consumers soon will make China the world's largest luxury vehicle market. Only a tiny percentage of Beijing, China's population can afford luxury items, but with a population of more than 21 million, a small percentage adds up to a lot of shoppers supporting many high-end stores in the city's upscale Dongcheng financial district. Rodeo Drive and Fifth Avenue have nothing on this smoggy street of dreams, except perhaps cleaner air.
U.S. top 500 dealerships ranked by total revenue for 2014. Includes dealership name, owner, city, state, new vehicle revenue, new vehicle units, used vehicle revenue, used vehicle units, finance and insurance revenue, service revenue, body shop revenue, and parts and accessories revenue....More
In October 2013, trade between NAFTA partners totaled $103.1 billion, up 4.5% from a year earlier, marking the first month in the pact’s history in which trade exceeded $100 billion in a single month....More
Economic recovery is weak and gradual, unemployment remains stubbornly high and Europe faces a growing and acute economic challenge from other global regions. We will only deliver the full potential benefits of the Single Market if we set a genuinely new course for Europe....More
Popularity of this new breed of vehicles is growing rapidly worldwide, and more automakers are beginning to test the U.S. market, where buyers are expected to migrate from small hatchbacks and sedans....More
A Japan Magnesium Assn. official predicts demand will grow 3% to 4% over the next five years thanks to a new alloy mix incorporating calcium, making it possible to die-cast magnesium components on the same line as aluminum parts....More