Archive for the ‘Automobile News’ Category

Renault-Nissan Alliance Posts Record Sales In 2011 For Third

Thursday, February 2nd, 2012

PARIS - The Renault-Nissan Alliance sold a record 8,029,222 units in 2011, a 10.3% increase from 2010, fuelled by robust sales in emerging markets and the United States.Sales rose for the third consecutive year. Renault sold 2,722,062 units worldwide, up 3.6% from 2010. Nissan sold 4,669,981 units, up 14.4%. AvtoVAZ Lada accounted for 637,179 units, a 10.9 % increase compared to the previous year.

As a result, the Renault-Nissan Alliance captured 10.7%* of the global market in 2011, up from 10.3% the previous year.”The Alliance capitalized on the resurgence of the US economy and gained significant market share in the regions that will drive growth in the 21st century,” said Renault-Nissan Alliance CEO Carlos Ghosn. “Double-digit sales growth is solid progress - particularly during a year in which we faced Japan’s earthquake and tsunami, the abnormal strength of the yen, and financial turmoil in Europe.”

In 2011, Renault posted record global sales of 2.7 million units, up 3.6% compared with a year ago, with 43% of those sales generated outside Europe. Sales outside Europe totaled a record 1,172,686 units, up 19.2%, driven by fast-expanding markets such as Russia (+40%), Turkey (+13%) and Latin America (+10%).In terms of sales by brand, Renault led with 2,260,694 units sold, up 6.8% compared with a year ago, and accounting for 83% of the Group’s sales. Sales of Dacia fell 1.8% due to supply constraints caused by the tsunami in Japan. Renault Samsung Motors fell 27%.

In 2011, six out of the Group’s top ten markets were located outside Europe with Brazil replacing Germany as Renault’s second-biggest market after France. Renault’s sales in Brazil, where it plans to expand capacity in 2013, grew 21% to a record 194,300 units in a market that expanded 3%. Its market share stood at 5.7%, up 0.9 percentage points from 2010 led by demand for models such as the Sandero hatchback, as well as the Logan and Clio small cars.

Source: http://www.nissan-global.com/EN/NEWS/2012/_STORY/120201-03-e.html

Worldwide Automobile Industries

Used Vehicle Exporters, Used Vehicle Associations, Used Vehicle Trade Fairs, Used Vehicles for Sale, Used Mitsubishi Vehicles for Sale, Used Nissan Vehicles for Sale, Used Isuzu Vehicles for Sale, Used Toyota Vehicles for Sale, Used Mazda Vehicles for Sale, Used Scania Vehicles for Sale, Used Honda Vehicles for Sale, Used Subaru Vehicles for Sale, Used Suzuki Vehicles for Sale, Used Alfa Romeo Vehicles for Sale, Used Chrysler Vehicles for Sale, Used Daihatsu Vehicles for Sale, Used Mercedes Vehicles for Sale, Used BMW Vehicles for Sale, Used Iseki Vehicles for Sale

TVS Motor Company posts 7% revenue growth in Q3

Thursday, February 2nd, 2012

TVS Motor Company has registered 7 % growth in revenue in the third quarter of the current financial year. The company’s revenues grew to Rs.1,762 crore in the quarter ended December 2011 from Rs.1,647 crore in the corresponding quarter of the previous financial year.

Profit before tax (PBT) during the quarter under review was higher at Rs.75.56 crore, compared to Rs.70.29 crore recorded in the same period of the previous year. Profit after tax (PAT) in the current quarter was Rs.56.53 crore compared to Rs.55.75 crore in the previous comparable quarter. For the period April 2011 to December 2011, the company’s cumulative PBT and PAT were substantially higher than the comparable period of the previous year.

While cumulative PBT for nine months ending December 2011 increased to Rs.254.28 crore from Rs.188.52 crore in the previous year, the cumulative PAT for nine months ending December 2011 increased to Rs.191.84 crore from Rs.150.90 crore reported in the previous comparable period.

In the third quarter of the current fiscal, the company reported total two-wheeler sales at 5.19 lakh units, compared with 5.18 lakh units in the corresponding period of the previous year. Scooter sales grew by 11% to 1.38 lakh units in the current quarter from 1.24 lakh units during the corresponding quarter of the previous year, while motorcycles registered sales of 1.93 lakh units in the reporting quarter against 2.11 lakh units in the quarter ended December 2010.

Two wheeler exports registered 24% growth with sales increasing to 63700 units in the current quarter from 51441 units in the quarter ended December 2010. Three wheeler sales during the quarter were lower at 8899 units in the quarter ended December 2011 from 10079 units in the quarter ended December 2010.

During the quarter, PT TVS Motor Company Indonesia registered total two wheeler sales of 4033 units in comparison with 3800 units recorded in the same period of the previous year. For the nine months ending December 2011, PT TVS Motor Company recorded cumulative sales growth of 28% with 18,905 units against 14,809 units in the comparable period of the previous year.

Source: http://www.tvsmotor.in/news.asp?id=271&yr=2012

Worldwide Automobile Industries

Used Vehicle Exporters, Used Vehicle Associations, Used Vehicle Trade Fairs, Used Vehicles for Sale, Used Mitsubishi Vehicles for Sale, Used Nissan Vehicles for Sale, Used Isuzu Vehicles for Sale, Used Toyota Vehicles for Sale, Used Mazda Vehicles for Sale, Used Scania Vehicles for Sale, Used Honda Vehicles for Sale, Used Subaru Vehicles for Sale, Used Suzuki Vehicles for Sale, Used Alfa Romeo Vehicles for Sale, Used Chrysler Vehicles for Sale, Used Daihatsu Vehicles for Sale, Used Mercedes Vehicles for Sale, Used BMW Vehicles for Sale, Used Iseki Vehicles for Sale

Hyundai Announces 2011 Business Results

Wednesday, February 1st, 2012

Hyundai Motor Company, South Korea’s largest automaker, posted global sales of 4,059,438 units (domestic plants: 1,884,633, overseas plants: 2,174,805) in 2011, a 12.4 percent gain from a year earlier. Sales revenue rose 16.1 percent to 77.8 trillion won from a year earlier as the company sold more fuel-efficient and aesthetically appealing new models with reliable quality, while operating profit also rose 36.4% to 8.08 trillion won. Net profit increased 35.1 percent to 8.1 trillion won, backed by robust performance at its overseas plants and subsidiaries.

Hyundai Motor’s gains in 2011 are a result of the company’s continuous improvements in quality, which contributed to the increase in sales and the brand’s value. Based on these efforts, Hyundai achieved the top spot among all automotive brands in J.D. Power and Associates’ 2012 Customer Retention Study(SM), improving its retention rate to 64 percent, up four percentage points from 2010. Hyundai’s all-new Elantra was crowned the 2012 North American Car of the Year earlier this month, while leading German motoring magazine Auto Bild in December last year awarded Hyundai with the top position in its ‘Auto Bild Qualitatsreport’ for the second year in a row, attesting to the company’s advances over the years.

As industry experts forecast slower growth in auto demand and uncertainties surrounding the European economy, Hyundai plans to respond flexibly to the market and create new opportunities by strengthening its core capabilities and eco-friendly technologies to achieve qualitative growth, rather than pursue excessive external growth.

Source: http://worldwide.hyundai.com/company-overview/news-view.aspx?idx=413&

Worldwide Automobile Industries

Used Vehicle Exporters, Used Vehicle Associations, Used Vehicle Trade Fairs, Used Vehicles for Sale, Used Mitsubishi Vehicles for Sale, Used Nissan Vehicles for Sale, Used Isuzu Vehicles for Sale, Used Toyota Vehicles for Sale, Used Mazda Vehicles for Sale, Used Scania Vehicles for Sale, Used Honda Vehicles for Sale, Used Subaru Vehicles for Sale, Used Suzuki Vehicles for Sale, Used Alfa Romeo Vehicles for Sale, Used Chrysler Vehicles for Sale, Used Daihatsu Vehicles for Sale, Used Mercedes Vehicles for Sale, Used BMW Vehicles for Sale, Used Iseki Vehicles for Sale

Nissan Production, Sales and Export Results for December and Calendar Year 2011

Tuesday, January 31st, 2012

Nissan’s global production in December increased 13.1% year-on-year to 397,446 units, marking an all-time record for the month of December.Production in Japan increased 24.6% year-on-year to 114,175 units, mainly due to increased exports of Rogue and Juke, and increased demand for Serena.Production outside of Japan increased 9.1% year-on-year to 283,271 units, marking an all-time record for the month of December.

In the U.S., production increased 14.8% year-on-year to 44,105 units, mainly due to increased demand for Altima.In Mexico, production increased 16.7% year-on-year to 45,626 units, due to increased demand for Versa and March.In the U.K., production increased 15.7% year-on-year to 35,469 units, mainly due to increased demand for Juke and Qashqai.

Nissan’s global production in 2011 increased 14.3% year-on-year to 4,632,375 units, achieving an all-time calendar year record.Production in Japan decreased 1.8% year-on-year to 1,112,995 units, despite increased exports of Rogue and Juke, due to the impact of the earthquake on March 11 and the end of the government subsidy program for environmentally-friendly vehicles.Overseas production increased 20.5% year-on-year to 3,519,380 units, reaching a record high for a calendar year.

Global sales increased 19.4% year-on-year to 435,578 units, marking an all-time record for the month of December.Including mini-vehicles, Nissan sold 45,160 units in Japan, up 31.6% year-on-year.In Japan, vehicle registrations in December increased 37.2% year-on-year to 34,126 units, due to increased demand for Serena, Nissan LEAF and Lafesta Highway Star.Mini-vehicle sales in Japan increased 16.7% year-on-year to 11,034 units, due to increased demand for Moco.Sales outside of Japan increased 18.1% year-on-year to 390,418 units, marking an all-time record for a single month.

Sales in the U.S. increased 7.7% year-on-year to 100,927 units, mainly due to strong sales of Rogue and Altima.In Europe, sales increased 20.1% year-on-year to 57,493 units, mainly due to favorable sales in Russia and increased demand for Juke.In China, sales rose 26.7% year-on-year to 119,049 units, due to increased demand for Tiida, Sunny, Qashqai and Teana, marking an all-time record for the month of December.Sales in other regions increased 18.3% year-on-year to 76,940 units, mainly due to increased demand in Brazil.

Source: http://www.nissan-global.com/EN/NEWS/2012/_STORY/120127-01-e.html

Worldwide Automobile Industries

Used Vehicle Exporters, Used Vehicle Associations, Used Vehicle Trade Fairs, Used Vehicles for Sale, Used Mitsubishi Vehicles for Sale, Used Nissan Vehicles for Sale, Used Isuzu Vehicles for Sale, Used Toyota Vehicles for Sale, Used Mazda Vehicles for Sale, Used Scania Vehicles for Sale, Used Honda Vehicles for Sale, Used Subaru Vehicles for Sale, Used Suzuki Vehicles for Sale, Used Alfa Romeo Vehicles for Sale, Used Chrysler Vehicles for Sale, Used Daihatsu Vehicles for Sale, Used Mercedes Vehicles for Sale, Used BMW Vehicles for Sale, Used Iseki Vehicles for Sale

Honda Sets All-Time December Record for Automobile Production in North America, USA and China

Tuesday, January 31st, 2012

Honda Motor Co., Ltd. announced a summary of automobile production, Japan domestic sales, and export results for the calendar year 2011 as well as for the month of December 2011.Production in Japan, production in regions outside of Japan and worldwide production experienced a year-on-year decrease for the first time in two years (since 2009).

Production in Japan for the month of December 2011 experienced a year-on-year increase for the first time in two months (since October 2011).Production in regions outside of Japan experienced a year-on-year decrease for the third consecutive month (since October 2011) despite all-time December record for production in North America, USA and China.

Total domestic auto sales including new vehicle registrations in calendar year 2011 experienced a year-on-year decrease for the first time in four years (since 2007).Sales of mini-vehicles experienced a year-on-year decrease for the fifth consecutive year (since 2007).

Total Japan domestic market auto sales for the month of December 2011 experienced a year-on-year decrease for the second consecutive month (since November 2011).New vehicle registrations experienced a year-on-year increase for the fourth consecutive month (since September 2011).Sales of mini-vehicles experienced a year-on-year decrease for the second consecutive month (since November 2011).

Source: http://world.honda.com/news/2012/c120127Automobile-Sales/index.html

Worldwide Automobile Industries

Used Vehicle Exporters, Used Vehicle Associations, Used Vehicle Trade Fairs, Used Vehicles for Sale, Used Mitsubishi Vehicles for Sale, Used Nissan Vehicles for Sale, Used Isuzu Vehicles for Sale, Used Toyota Vehicles for Sale, Used Mazda Vehicles for Sale, Used Scania Vehicles for Sale, Used Honda Vehicles for Sale, Used Subaru Vehicles for Sale, Used Suzuki Vehicles for Sale, Used Alfa Romeo Vehicles for Sale, Used Chrysler Vehicles for Sale, Used Daihatsu Vehicles for Sale, Used Mercedes Vehicles for Sale, Used BMW Vehicles for Sale, Used Iseki Vehicles for Sale