By the Numbers
Hundreds of vehicles saw their few seconds in the auction spotlight over the past week at Barrett-Jackson Scottsdale, and we have a short list of the top five most expensive to sell.
French carmaker PSA Group said on Thursday global sales fell 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it suffered from declining volumes in China, the Middle East and Africa. In its European home market, Paris-based PSA's sales declined by 2.5% in 2019 to 3.11 million vehicles, with its Opel-Vauxhall brand suffering the steepest fall, down 6.4%. In Europe, helped by an increase in sales of light commercial vehicles (LCVs), PSA said in a sta
Ford Motor Co's China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles. The U.S. automaker delivered 146,473 vehicles in China in the fourth quarter, down 14.7% year-on-year, Ford said in a statement. Ford has been trying to revive sales in China after its business began slumping in late 2017.
BEIJING/SHANGHAI (Reuters) - Automakers in China need to get used to a new normal of "low speed growth" in the world's largest car market, the country's top auto body said on Monday, as it reiterated predictions that sales will likely shrink for the third consecutive year in 2020. The China Association of Automobile Manufacturers (CAAM) expects a 2% fall in vehicle sales. CAAM, affirming its forecast announced last month, also said auto sales declined for the 18th consecutive month in December
"Worldwide demand last year for our Cullinan SUV has driven this success and is expected to stabilize in 2020," Chief Executive Officer Torsten Mueller-Oetvoes said in a statement. The Cullinan was unveiled in 2018. North America continued to be the biggest contributor with about a third of Rolls-Royce's total sales, followed by China and Europe.
Even after cars are discontinued, new, unsold ones still show up in monthly sales reports. We look at the worst-selling cars that are already dead.
BEIJING/SHANGHAI (Reuters) - Auto sales in China fell for a 17th consecutive month in November, with the number of new energy vehicles (NEVs) sold contracting for a fifth month in a row, data from its biggest auto industry association showed on Tuesday. Total auto sales in the world's biggest auto market fell 3.6% from the same month a year earlier, the China Association of Automobile Manufacturers (CAAM) said. Car sales in the country contracted last year for the first time since the 1990s ag
Ford Motor Co's July-to-September vehicle sales in China fell 30%, as the U.S. automaker continued to lose ground in a prolonged sales decline in its second biggest market. The Dearborn, Michigan-based automaker delivered 131,060 vehicles in China in the third quarter, Ford said in a statement. Ford's sales in China fell 35.8% in the first quarter and by 21.7% in the second quarter.
French carmaker Renault posted a 6.7% decline in first-half vehicle sales amid a global auto slowdown, but said a forthcoming product offensive would begin to help soften the blow in key markets. The slump was outpaced by a 7.1 percent global market contraction, it added. The sales announcement comes amid gathering gloom for the global auto industry, with major markets in decline and trade barriers looming.
French carmaker PSA Group's vehicle sales fell 12.8% in the first half as emerging markets weighed on its overseas business, challenging the trajectory of the Peugeot manufacturer's recovery. Sales fell to 1.9 million light vehicles in January-June, the company said on Monday, from 2.18 million a year earlier. PSA, which has notched up successive sales and profit records under Chief Executive Carlos Tavares, is due to report full earnings for the period on July 24.