China last year surpassed the U.S. for the first time in new car sales.
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With new car sales down 25% compared to 2007, motorists are feeling the pinch.
And this provision could save families hundreds of dollars and lead to as many as 100, 000 new car sales.
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The situation bodes well for Sirius XM, which depends on new car sales for its subscriber growth to a great extent.
Group revenues were down 5.2% on 2011, at 58.4bn euros, and income from new car sales fell 12.4% to 27.8bn euros.
On Friday, figures from the Society of Motor Manufacturers and Traders showed new car sales in the UK were down 23% from a year ago.
New car sales suggest a 12.5 million selling rate next year.
New car sales in America rose by 12.8% in September compared with a year earlier, to an annualised 14.9m vehicles, the zippiest rate since March 2008.
New car sales across Europe rose in April for the first time in 18 months, helped by strong demand in the UK and by the early Easter break.
New car sales in the UK rose for the first time in more than a year in August, according to the Society of Motor Manufacturers and Traders (SMMT).
But, these were offset by the recovery in residential investment and consumer spending on durable goods which was boosted in part by an aging auto fleet feeding new car sales.
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Car dealers are not as threatened yet by showrooming since online new car sales have not exploded for a host of reasons such as the baseline need for a test drive.
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Growth now is some percentage of new car sales.
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With the economic recovery underway and surging new car sales expected to make up for lost time over the next two years, that sweet spot in the economy for Autozone is behind it.
We are patient long term investors and as long as we continue to see progress in new car sales in the United States, we think the stock is a call on the U.S. auto industry.
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In tabulating year-to-date new-car sales he assumed that states having greater than average new-car sales growth rate reflect a more robust economy than those having below average growth, and would in turn be more likely to vote for the incumbent, and vice-versa.
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So all you now have to do is to guess how many cars will be sold in a given year and, if churn stays fairly constant as it has for a long time, then 46% of the new car sales will translate into new satellite radio subscribers.
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It aims to return Opel and Vauxhall to profit by 2015, but the brands are heavily dependent on the European market where industry wide new car sales fell by 7.3% in the first 10 months of the year, according to data from the European Automobile Manufacturers' Association.
Last year 44 million used cars traded hands (new-car sales were 17 million), 37% at new-car dealerships, 32% at used-car lots and the rest privately. (CarMax buys half of the cars it sells from individuals, the rest at auction or from other dealers.) Companies like AutoNation, Asbury Automotive and privately held Wickland Oil have tried to copy CarMax, but none has lasted.
Last year 44 million used cars traded hands (new-car sales were 17 million), 37% at new-car dealerships, 32% at used-car lots and the rest privately. (CarMax buys half of the cars it sells from individuals, the rest at auction or from other dealers.) Companies like AutoNation (nyse: AN - news - people ), Asbury Automotive and privately held Wickland Oil have tried to copy CarMax, but none has lasted.
He's been struggling to stay afloat, with new-car sales down 50% from a year ago.
The problems will only get worse, if, as is likely, new-car sales in America drop this year.
And auto executives said the strength in new-car sales is coast to coast.
Auto makers reported the pace of new-car sales slowed in April.
That's why it's urgent for dealerships like Cerrone's Crest Nissan , which sells about 1, 000 new cars a year, to replace the gross profits they used to get on new-car sales.
The failing economy, tightening credit and evaporating new-car sales counter-punched the auto industry late in 2008, leaving Chrysler and General Motors on the ropes and in need of immediate financial CPR.
New-car sales in the 27-member European Union are in the ditch, auto workers are fighting for their jobs and expectations of any relief this year have been wiped away like fingerprints on the glossy paint of the show's stars.
While recent reports suggest a softening of prices in the used-car market in the coming months, values of pre-owned models continue to be at record highs, due largely to inventory shortages caused by depressed new-car sales and leasing following the economic collapse in late 2008.
According to Jonathan Banks, executive automotive analyst with the NADA Used Car Guide, used-vehicle prices will remain largely at their lofty levels because of looser lending standards, recovery in the housing and construction markets, a gradual decrease in unemployment levels, an increase in supply from booming new-car sales and pent-up consumer demand.
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New car models boosted sales in the first quarter 2013, as BYD released the Suri compact car and S6 SUV in the second half of 2012.
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