BMW, Daimler Upbeat on Luxury Car Outlook — 2nd Update – WSJ.com
All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Business 5 keys for businesses to succeed on Facebook With Facebook becoming such a normal and assumed part of daily life for the average American, most businesses recognize the value of using Facebook to increase their business visibility and brand reputation. Retailers and local businesses are no exce April 13, 2014 1 Photo Luxury, exotic car dealership set to open GOSHEN Exotic car lovers in and around the Goshen area will soon have something to smile about with the arrival of the Toy Barn of Goshen, a certified pre-owned luxury and exotic car dealership set to open in downtown Goshen next month. April 12, 2014 1 Photo Drew Industries sells extrusion division ELKHART Drew Industries, through its subsidiary Lippert Components, has entered into a six-year contract to obtain extruded aluminum from Atrium Windows and Doors, which includes selling Lipperts extrusion assets to Atrium.
If you would like to read more: http://www.goshennews.com/business/x1445042697/Luxury-exotic-car-dealership-set-to-open
Luxury Car Makers: Pardon Me, Would You Have Any Grey Poupon? [Daimler AG] – Seeking Alpha
Audi and Mercedes,which both aim to surpass BMW in sales by the end of the decade,will follow suit by 2016. In addition to jockeying for growth, the German brands allface the challenge of getting customers to still pay a premiumfor cars as their engines get smaller to meet environmentalregulations. In the past, more cylinders and more horsepowermeant a higher sticker price, and a shift to downsized enginesthreatens that traditional German model. Three-Cylinder Supercar To reduce fuel consumption is still one of the biggestchallenges for the car industry, Thomas Weber, Daimlersdevelopment chief, said in an e-mailed statement. We have beenworking intensively from the very outset on how to improve fueleconomy, while at the same time increasing performance. BMW is rolling out the i8 this year, it says, to speak to anew kind of luxury buyer.
If you would like to read more: http://www.businessweek.com/news/2014-04-08/bmw-tosses-out-traditional-german-luxury-as-models-shrink
BMW Breaks With Traditional German Luxury as Models Shrink: Cars – Businessweek
(Photo courtesy of Maserati) April 11, 2014 Drivers in Hampton Roads are about to get a premium dose of la dolce vita. Charles Barker Automotive of Virginia Beach will add Maserati to its expanding lineup of luxury brands as early as June 1, company Chairman Charles Barker said Thursday. The store will be located in the building currently being used by Mercedes-Benz on Virginia Beach Boulevard, and initially would be Maserati’s only outlet between the Washington, D.C., area and Raleigh, N.C. “The luxury automotive section is where we operate, and it’s a great fit for what we do,” company President Nathan Drory said. “It’s a natural.” For Barker, it’s a return to a brand that he sold in the 1980s.
If you would like to read more: http://hamptonroads.com/2014/04/maserati-luxury-cars-be-sold-virginia-beach
Maserati luxury cars to be sold in Virginia Beach | HamptonRoads.com | PilotOnline.com
Management has proved critics wrong that 2014-15 will be more of the same.” BMW delivered more evidence of the change taking place on Wednesday when it reported its strongest ever month in March, defending its position as the world’s leading premium car brand, buoyed by strong sales in China and continued recovery in Europe. The strong performance of the BMW brand helped the group notch up record monthly sales of 212,908 vehicles in March, offset a loss of momentum at the auto maker’s U.K.-brand Mini unit as its lineup of new cars was delivered to dealers only at the end of the month, BMW said. In the first three months of the year, global sales of BMW brand cars, SUVs, Minis and Roll-Royce rose nearly 9% to 487,024 vehicles, helped by strong sales of BMW’s X-series sports-utility vehicles and the 3 Series cars. “This is the first time in the company’s history that over 200,000 vehicles were delivered to customers in a single month,” said Ian Robertson, BMW’s head of sales.
If you would like to read more: http://online.wsj.com/article/BT-CO-20140409-702396.html
Of course, this speaks well for the fat cats of the world but also for the rebound in the European economy as well as China’s swelling mid-upper class. BMW’s March sales were up 11% year-over-year to a record high 212,908 units (BMW, Mini and Rolls-Royce brands). It was also a record Q1 after a 9% increase year-over-year. Audi’s March sales were up 15% year over year to a record 170,450 cars. Mercedes’s sales were up 13% in March to 158,523 cars, ending a record Q1 that was up 15% to 374,276 units.
If you would like to read more: http://seekingalpha.com/article/2133863-luxury-car-makers-pardon-me-would-you-have-any-grey-poupon