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All used up: Pre-owned sales rise as consumers seek new-car alternatives
Fri, 22 May 2009Used-car sales took a leap upward in April, and the trend is expected to continue at least until midyear as pent-up demand for affordable pre-owned vehicles jacks up at least one segment of the car marketplace. Sales of new cars continued an unabated slide toward what analysts say is a 30-year low in the United States, but used-car sales showed strength as buyers unable to finance new cars shifted their sights to less expensive used models. As a result, retailers such as the large Penske Automotive Group reported that despite an overall decline in sales in the first three months of 2009, improving used-car sales kept them in the black.
New Ford Kuga: Titanium and Titanium X make up 87% of sales
Tue, 26 Feb 2013The new Ford Kuga is now hitting UK showrooms, and Ford has revealed that 87% of buyers are opting for the range-topping Titanium and Titanium X models. But what’s most interesting – in what is supposed to be a cash-strapped economy – is that a full 87 per cent of all the new Kugas ordered so far have been the range-topping Titanium and Titanium X models, and the average up-spend on options is another £1,000 on top of that. That means that although the Ford Kuga range starts at £21,000, 87 per cent of buyers are actually spending between £25-30k on their new compact SUV, which must warm the cockles of Ford’s heart.
Honda New Small Concept
Wed, 06 Jan 2010Honda Siel Cars India Ltd. (HSCI), the Japanese automaker's Indian subsidiary, unveiled the New Small Concept at Auto Expo 2010 in New Delhi yesterday. Previewing a new compact vehicle set to make its market debut in 2011 (in India and also in Thailand), the New Small Concept features a number of characteristic Honda design elements seen on the brand's recent production models and concept cars.