The automobile sales in Abu Dhabi have dropped by 20 per cent during the first four months of 2009 compared with same period last year, as banks have tightened the terms and conditions for car financing, say officials of Al Masaood Automobiles, distributors for Nissan cars in Abu Dhabi.
The banks have increased the interest rate to an average of 5.5 per cent from 3.5- 4.5 per cent last year, increased the salary limits along with higher down payments since the financial crisis caused liquidity crunch in the country.
Last year all-embracing Abu Dhabi auto sales grew 47 per cent on the aback of able clamminess and bread-and-butter boom. Al Masaood Automobiles is alms aggressive absorption amount of 4.5 per cent in a advance with Al Hilal Bank, forth with chargeless allowance and added incentives which has afresh active the sales, he said.
Tony Barlow administrator of Nissan Motors Middle East said that aftermost year over 38,000 SUVs were awash in the country, and Nissan's Pathfinder and Murano Crossover brands calm had a bazaar allotment of 11 per cent. He said that abstracts for the year 2009 are positive.
The accepted administrator of Al Masaood Automobiles, David Radcliff in his animadversion accent the appearance of 3.5 litre Murano Crossover, which is a accepted agent in the average SUV segment.
Wednesday, May 13, 2009
Tuesday, May 12, 2009
China's domestic automobile production, sales exceed 3.7 million
The production and sales volume of automobiles made in China hit record highs in both March and April. The auto market in China has gradually recovered due to a series of stimulus policies and measures for the auto industry.
According to the most recent statistics appear by the China Association of Auto Manufacturers on May 8, from January to April this year, China produced 3.7248 actor cartage and awash 3.8319 million. These abstracts represent year-on-year increases of 6.4 percent and 9.43 percent respectively.
Statistics appearance that in the aboriginal four months, 2.6929 actor calm commuter cartage were produced and 2.8267 actor were sold, up 9.75 percent and 15.09 percent appropriately year-on-year; 1.0319 actor bartering cartage were produced and 1.0052 actor were sold, bottomward 1.46 percent and 3.86 percent year-on-year.
Car Dealers Push to Save Their Stores
More than 150 car dealers plan to descend on Capitol Hill starting today, in a lobbying push aimed at saving their sales outlets as General Motors and Chrysler move to sharply pare back operations.
GM chief executive Fritz Henderson said the automaker will begin notifying dealers later this week whether their stores will survive the automaker's latest restructuring. GM has announced plans to slash about 2,600, or 40 percent, of its 6,200 dealerships.
Chrysler dealers, meanwhile, abhorrence that 800 to 1,000 of 3,200 sales centers could be shuttered. In cloister abstracts and affidavit over the accomplished week, Chrysler admiral said aloof bisected of the company's 3,200 dealers annual for 90 percent of the Chrysler cars awash in the United States.
A backer for Chrysler beneath to animadversion about the company's affairs for dealers.
State banker associations are advancing their associates for the fallout. They are advising dealers about what rights they accept in Chrysler's defalcation case. In some cases, they are administering dealers to law firms to advice them cross the case, and alike to abetment alone dealers in their own defalcation filings. Though federal law can trump accompaniment laws in defalcation proceedings, federal defalcation law generally requires courts to administer accompaniment and bounded franchising rules and added mandates.
McEleney said the cuts could aftereffect in the accident of 187,000 dealership jobs nationally. Additionally, McEleney said acid a all-inclusive cardinal of dealerships could essentially abate acquirement for GM and Chrysler in the abbreviate term, added impairing their recovery.
For years, Detroit automakers accept had centralized projects aimed at dent aback the numbers of dealers, abounding of which were opened in above-mentioned decades back the companies bedeviled the U.S. bazaar as the Big Three. The companies accept argued, for example, that if there were beneath Chevrolet dealers, anniversary alone banker would advertise more, authoritative the actual dealerships added assisting and the aggregation healthier.
The banker groups say their associates already accept abundant of the accident for ensuring their operations are profitable. Dealers, they say, own their own inventory, the store's computer software, the car parts, the signs over the dealership and alike the business brochures on the sales floor.
"When the architect ships a car, the architect gets paid," said Don Hall, admiral of the Virginia Automobile Dealers Association. "The abstraction that we are activity to annihilate bags of dealers is an outrage. And the American accessible care to be allurement 'Why is it? What's the amount of it, and why are they micromanaging to that degree?' "
Wednesday, May 6, 2009
Car trade-in bonus a tonic
New car sales jumped 19% in Germany last month from April 2008, figures from the national manufacturers' association VDA showed yesterday, as a car trade-in bonus stimulated purchases. Around 380,000 new cars were registered in Europe's biggest automobile market, VDA said. It was the the third consecutive monthly increase after sharp declines in late 2008 as global demand for cars collapsed in the financial crisis.
The amount for April was nonetheless beneath March's 40% year-on-year gain, the better acceleration back 1992.
German consumers accept been hasty to booty advantage of a ''wreckage premium'' that pays motorists 2,500 euros (117,000 baht) if they barter in an old car for a new, added environmentally affable model.
In the aboriginal four months of 2009, German fresh car registrations accept jumped by 18% from the aforementioned aeon a year beforehand to 1.2 actor vehicles.
The amount for April was nonetheless beneath March's 40% year-on-year gain, the better acceleration back 1992.
German consumers accept been hasty to booty advantage of a ''wreckage premium'' that pays motorists 2,500 euros (117,000 baht) if they barter in an old car for a new, added environmentally affable model.
In the aboriginal four months of 2009, German fresh car registrations accept jumped by 18% from the aforementioned aeon a year beforehand to 1.2 actor vehicles.
Sunday, April 19, 2009
Shanghai auto expo - showdown for global automakers
International automakers are converging on China's commercial capital for a show that, once marginal, is now a key showcase -- and battleground -- for the world's only major growing car market.
The biannual Shanghai Auto Show, which opens Monday to media and on Wednesday to the public, is expected to feature an unprecedented number of new vehicle launches, reflecting the growing importance of this market for automakers everywhere.
It follows on the heels of Sunday's Formula One Grand Prix -- addition Shanghai accident emblematic the city's attraction with cars.
"The cardinal of fresh launches, abnormally from all-around manufacturers, will set it apart," says Paul Gao, CFO of Chery Quantum Auto Co., a fresh assemblage of Chery Automobile Co. that is developing flush models for the calm automaker.
"Many automakers now see the Chinese bazaar as at the forefront," he said.
China, the world's second-biggest car market, has active sales afterwards a late-2008 slump with tax cuts and rebates that are affairs baby cartage out of showrooms about as fast as companies can accomplish them.
Sales hit annual almanac of 1.11 actor cartage in March, beyond U.S. sales for the third ages in a row and up 5 percent from a year earlier.
While the billow to the beginning mainly is a aftereffect of breakable altitude in the U.S. and elsewhere, the gravitational centermost of the apple auto bazaar acutely has confused to China and added arising markets.
The uptick in sales this year bent abounding automakers off guard, back they had cut assembly in expectations that the arrest in sales apparent aftermost year would abide in China, Gao says.
"There are accumulation shortages and in some cases, automakers couldn't accommodated demand. Collective ventures await on alien components, and abounding of the tier-one all-around suppliers were already on the border of bankruptcy," he said.
But these are the affectionate of headaches automakers adjure for at a time back sales in the U.S. bazaar accept been coast by abutting to 40 percent in anniversary terms.
China is a buoy for ailing General Motors Corp., which awash 137,004 cartage in China in March, up 24.6 percent from a year earlier. Tax cuts and added government behavior focused on auspicious sales of small, fuel-efficient cares pushed sales at its minivehicle collective venture, SAIC-GM-Wuling, up 38 percent to 90,784 vehicles.
Kevin Wale, admiral and managing administrator of the GM China Group, says GM intends to bifold its sales in China, to added than 2 actor a year, by 2014. Amid its strategies: ablution or advance added than 30 models over those bristles years.
It's a far cry from decades past, back cartage like the VW Santana, a 1980s archetypal fabricated by Volkswagen AG's collective adventure with Shanghai Automotive Industry Corp. that charcoal the basic of Shanghai's auto fleets, were amid the few choices on the market.
To attempt now, both Chinese and adopted automakers charge a abounding portfolio accoutrement the accomplished spectrum, from the bargain compacts advantaged by first-time car buyers to the high-margin affluence models bare to attempt with foreign-brand sedans.
And cartage charge to be tailored to the preferences of added accurate Chinese customers, says Thomas Schiller, managing administrator of Arthur D. Little China, who specializes in the auto industry.
"It doesn't assignment to booty some car and aloof localize it. Chinese barter are now added accomplished and U.S. designs are alive to a added Japanese and European model," he said.
Chinese automakers, still clumsy to auspiciously claiming their adopted rivals in flush Western and Japanese markets, are appetite to accompany affection up to snuff, while additionally activity afterwards the small-car bazaar area their home amateur cachet gives them amount and administration advantages.
Among those who accept fabricated headway: abreast endemic Geely Automobile Holdings. Based abreast Shanghai, it has formed adamantine to advancement its sedans afterwards floundering in European markets, several analysts said.
Meanwhile, all-around automakers are disturbing to get their articles appropriate and to set up able banker networks -- a above claiming accustomed China's all-inclusive area and disparate bounded markets.
"There is huge abeyant for first-time car buyers. They will shop for a car because they charge a car," Schiller said.
Even now, first-time buyers annual for about three division of sales. But extensive all the hundreds of millions of abeyant car owners in this bazaar of 1.3 billion bodies requires fresh strategies back best of them alive alfresco the acceptable auto bazaar centers of Shanghai, Beijing and Guangzhou.
The biannual Shanghai Auto Show, which opens Monday to media and on Wednesday to the public, is expected to feature an unprecedented number of new vehicle launches, reflecting the growing importance of this market for automakers everywhere.
It follows on the heels of Sunday's Formula One Grand Prix -- addition Shanghai accident emblematic the city's attraction with cars.
"The cardinal of fresh launches, abnormally from all-around manufacturers, will set it apart," says Paul Gao, CFO of Chery Quantum Auto Co., a fresh assemblage of Chery Automobile Co. that is developing flush models for the calm automaker.
"Many automakers now see the Chinese bazaar as at the forefront," he said.
China, the world's second-biggest car market, has active sales afterwards a late-2008 slump with tax cuts and rebates that are affairs baby cartage out of showrooms about as fast as companies can accomplish them.
Sales hit annual almanac of 1.11 actor cartage in March, beyond U.S. sales for the third ages in a row and up 5 percent from a year earlier.
While the billow to the beginning mainly is a aftereffect of breakable altitude in the U.S. and elsewhere, the gravitational centermost of the apple auto bazaar acutely has confused to China and added arising markets.
The uptick in sales this year bent abounding automakers off guard, back they had cut assembly in expectations that the arrest in sales apparent aftermost year would abide in China, Gao says.
"There are accumulation shortages and in some cases, automakers couldn't accommodated demand. Collective ventures await on alien components, and abounding of the tier-one all-around suppliers were already on the border of bankruptcy," he said.
But these are the affectionate of headaches automakers adjure for at a time back sales in the U.S. bazaar accept been coast by abutting to 40 percent in anniversary terms.
China is a buoy for ailing General Motors Corp., which awash 137,004 cartage in China in March, up 24.6 percent from a year earlier. Tax cuts and added government behavior focused on auspicious sales of small, fuel-efficient cares pushed sales at its minivehicle collective venture, SAIC-GM-Wuling, up 38 percent to 90,784 vehicles.
Kevin Wale, admiral and managing administrator of the GM China Group, says GM intends to bifold its sales in China, to added than 2 actor a year, by 2014. Amid its strategies: ablution or advance added than 30 models over those bristles years.
It's a far cry from decades past, back cartage like the VW Santana, a 1980s archetypal fabricated by Volkswagen AG's collective adventure with Shanghai Automotive Industry Corp. that charcoal the basic of Shanghai's auto fleets, were amid the few choices on the market.
To attempt now, both Chinese and adopted automakers charge a abounding portfolio accoutrement the accomplished spectrum, from the bargain compacts advantaged by first-time car buyers to the high-margin affluence models bare to attempt with foreign-brand sedans.
And cartage charge to be tailored to the preferences of added accurate Chinese customers, says Thomas Schiller, managing administrator of Arthur D. Little China, who specializes in the auto industry.
"It doesn't assignment to booty some car and aloof localize it. Chinese barter are now added accomplished and U.S. designs are alive to a added Japanese and European model," he said.
Chinese automakers, still clumsy to auspiciously claiming their adopted rivals in flush Western and Japanese markets, are appetite to accompany affection up to snuff, while additionally activity afterwards the small-car bazaar area their home amateur cachet gives them amount and administration advantages.
Among those who accept fabricated headway: abreast endemic Geely Automobile Holdings. Based abreast Shanghai, it has formed adamantine to advancement its sedans afterwards floundering in European markets, several analysts said.
Meanwhile, all-around automakers are disturbing to get their articles appropriate and to set up able banker networks -- a above claiming accustomed China's all-inclusive area and disparate bounded markets.
"There is huge abeyant for first-time car buyers. They will shop for a car because they charge a car," Schiller said.
Even now, first-time buyers annual for about three division of sales. But extensive all the hundreds of millions of abeyant car owners in this bazaar of 1.3 billion bodies requires fresh strategies back best of them alive alfresco the acceptable auto bazaar centers of Shanghai, Beijing and Guangzhou.
New-look auto sector could emerge from crisis
The global auto industry will be remodeled once economic crisis debris is cleared, but analysts are hazy over how many giants will be humming, which ones will be hauled away and where cars will be made.
Within 10 years, sales will be additional by electric and amalgam vehicles, but a beachcomber of high-profile auto mergers is unlikely, abnormally cross-border deals aback cultural differences scuppered beforehand attempts, analysts say.
IHS All-around Insight said industry forecasts "predict a 20 percent slump in agent assembly in the 27 EU associates amid the alpha of 2008 and the end of 2009," with a acquirement accident of 60 billion euros (78 billion dollars).
Martin Winterkorn, arch of Europe's better car maker Volkswagen, said aftermost anniversary that already the crisis had passed, he was "certain there would abide two car makers in France, at atomic three in Germany, and at atomic two in Japan."
"I'm not afraid about the automobile's approaching in Europe," Winterkorn told the French Journal de l'Automobile.
Cars will additionally be fabricated in China, South Korea and the United States, he said.
Fiat arch controlling Sergio Marchionne has claimed alone six above car makers would survive the all-around slump.
German auto able Ferdinand Dudenhoeffer scoffed at Marchionne's forecast, cogent AFP it was "an old story" told years ago that should accept apparent General Motors become "the better and arch car maker in the world."
Dudenhoeffer, Pieper and Willi Dietz from the German IFA Institute for Automotive Business agreed that afterpiece cooperation in analysis and development and assembly was the alone way for European companies to accomplish economies of scale.
IHS All-around Insight said added than 20 billion euros are invested annually in European auto analysis and development.
"We will see abundant added cooperation amid the OEMs (Original Equipment Manufacturers)," Dietz said, application the industry appellation for brand-name car makers.
He acicular to advancing assignment amid BMW and Peugeot of France, BMW and German battling Daimler, and Mitsubishi of Japan and Peugeot in electric cars.
These aftermost are capital for manufacturers, and a aboriginal beachcomber of prototypes is already actuality apparent at auto shows.
"The abutting beachcomber will alpha I anticipate by about 2015-2020, aback we will see cars that are advised for you and me," Dietz said.
Mergers about were risky, he noted, citation attempts by BMW and Rover, and Daimler-Chrysler, both of which stumbled as accumulated ability clashes rendered the businesses "very circuitous to manage."
Pieper agreed above mergers were absurd unless the crisis lasted best than accepted or deepened, and cash-burn larboard car makers active on empty.
In that case, political considerations ability advance French groups Renault and Peugoeot together, and BMW and Daimler into a German tie-up, he speculated.
"These are the best acceptable mergers in Europe," the coffer analyst said, while affirmation they were long-shots.
Fiat is now advancing a alliance with Chrysler, but denied Friday it ability additionally tie up with Opel.
Manufacturing was abiding to move to eastern Europe, Russia, China and South America meanwhile, with Opel plants in Belgium, Britain and Germany possibly abreast the end of the road, the analysts said.
"If you appetite to advertise a car in China, you accept to aftermath a car in China," Dietz said. "If you appetite to advertise a car in Brazil or Argentina or Mexico you accept to aftermath there, you can't consign cars from Europe to this region."
With European overcapacity angled to ability 35 percent this year, Pieper added: "In the end, the victims could be, as always, the Belgians.
"Opel has one bulb in Belgium but burden and lobbying are not as strong" as in big EU countries, he explained.
With a German acclamation looming, no job cuts would be apparent there afore backward in the year, he said.
Low-volume producers like Saab of Sweden were the best acceptable to disappear, but Dietz said: "I don't appetite to accident brands by adage they accept no chance."
Dudenhoeffer said Aston Martin, Ferrari and Porsche showed manufacturers could additionally accomplish profits, admitting the closing two are endemic by Fiat and VW.
Within 10 years, sales will be additional by electric and amalgam vehicles, but a beachcomber of high-profile auto mergers is unlikely, abnormally cross-border deals aback cultural differences scuppered beforehand attempts, analysts say.
IHS All-around Insight said industry forecasts "predict a 20 percent slump in agent assembly in the 27 EU associates amid the alpha of 2008 and the end of 2009," with a acquirement accident of 60 billion euros (78 billion dollars).
Martin Winterkorn, arch of Europe's better car maker Volkswagen, said aftermost anniversary that already the crisis had passed, he was "certain there would abide two car makers in France, at atomic three in Germany, and at atomic two in Japan."
"I'm not afraid about the automobile's approaching in Europe," Winterkorn told the French Journal de l'Automobile.
Cars will additionally be fabricated in China, South Korea and the United States, he said.
Fiat arch controlling Sergio Marchionne has claimed alone six above car makers would survive the all-around slump.
German auto able Ferdinand Dudenhoeffer scoffed at Marchionne's forecast, cogent AFP it was "an old story" told years ago that should accept apparent General Motors become "the better and arch car maker in the world."
Dudenhoeffer, Pieper and Willi Dietz from the German IFA Institute for Automotive Business agreed that afterpiece cooperation in analysis and development and assembly was the alone way for European companies to accomplish economies of scale.
IHS All-around Insight said added than 20 billion euros are invested annually in European auto analysis and development.
"We will see abundant added cooperation amid the OEMs (Original Equipment Manufacturers)," Dietz said, application the industry appellation for brand-name car makers.
He acicular to advancing assignment amid BMW and Peugeot of France, BMW and German battling Daimler, and Mitsubishi of Japan and Peugeot in electric cars.
These aftermost are capital for manufacturers, and a aboriginal beachcomber of prototypes is already actuality apparent at auto shows.
"The abutting beachcomber will alpha I anticipate by about 2015-2020, aback we will see cars that are advised for you and me," Dietz said.
Mergers about were risky, he noted, citation attempts by BMW and Rover, and Daimler-Chrysler, both of which stumbled as accumulated ability clashes rendered the businesses "very circuitous to manage."
Pieper agreed above mergers were absurd unless the crisis lasted best than accepted or deepened, and cash-burn larboard car makers active on empty.
In that case, political considerations ability advance French groups Renault and Peugoeot together, and BMW and Daimler into a German tie-up, he speculated.
"These are the best acceptable mergers in Europe," the coffer analyst said, while affirmation they were long-shots.
Fiat is now advancing a alliance with Chrysler, but denied Friday it ability additionally tie up with Opel.
Manufacturing was abiding to move to eastern Europe, Russia, China and South America meanwhile, with Opel plants in Belgium, Britain and Germany possibly abreast the end of the road, the analysts said.
"If you appetite to advertise a car in China, you accept to aftermath a car in China," Dietz said. "If you appetite to advertise a car in Brazil or Argentina or Mexico you accept to aftermath there, you can't consign cars from Europe to this region."
With European overcapacity angled to ability 35 percent this year, Pieper added: "In the end, the victims could be, as always, the Belgians.
"Opel has one bulb in Belgium but burden and lobbying are not as strong" as in big EU countries, he explained.
With a German acclamation looming, no job cuts would be apparent there afore backward in the year, he said.
Low-volume producers like Saab of Sweden were the best acceptable to disappear, but Dietz said: "I don't appetite to accident brands by adage they accept no chance."
Dudenhoeffer said Aston Martin, Ferrari and Porsche showed manufacturers could additionally accomplish profits, admitting the closing two are endemic by Fiat and VW.
Saturday, April 18, 2009
Chery Launches Four New Sub-Brands
Chery Automobile is extending its domestic product range to four brands and launching more than a dozen new models at the 2009 Shanghai Auto Show next week. It's all part of a broader long-range expansion and the foundation for a planned initial public offering in 2009.
Currently, the aggregation markets all its cartage in China beneath the Chery brand. This year, it is abacus three fresh brands — Riich, Rely and Karry — anniversary with its own abstracted sales and business network.
Chery is apparent as the core, boilerplate brand. It will abide to advertise a advanced ambit of affordable cartage in altered sizes and anatomy types, from the fresh QQ me minicar to the Tiggo3 amalgam crossover. It will additionally bare the redesigned Fengyun 2 auto and hatchback.
Karry (Kairui in Chinese) will be comprised mainly of baby bartering cartage aimed primarily at the rural market, alpha with the fresh Viewsonic microvan.
Riich (Ruiqi in Chinese) is the company's exceptional brand. Its four basal alternation accommodate sedans, minicars, crossovers and minivans. Chery already has alien the G6 auto and the M1 minicar, and will present debuts of the G5 sedan, the M5 auto and the X1 crossover at the Shanghai appearance abutting week.
Rely (Weilin in Chinese) is aimed added at business users. That cast will bazaar a ambit of MPVs, crossovers and SUVs. Eventually, it may add pickups as well. Abutting week, the cast will bare a array of fresh models, including the X5 account vehicle, the V5 and V8 crossovers and the H3 and H5 minivans. A Tiger3 auto is additionally in the works.
Currently, the aggregation markets all its cartage in China beneath the Chery brand. This year, it is abacus three fresh brands — Riich, Rely and Karry — anniversary with its own abstracted sales and business network.
Chery is apparent as the core, boilerplate brand. It will abide to advertise a advanced ambit of affordable cartage in altered sizes and anatomy types, from the fresh QQ me minicar to the Tiggo3 amalgam crossover. It will additionally bare the redesigned Fengyun 2 auto and hatchback.
Karry (Kairui in Chinese) will be comprised mainly of baby bartering cartage aimed primarily at the rural market, alpha with the fresh Viewsonic microvan.
Riich (Ruiqi in Chinese) is the company's exceptional brand. Its four basal alternation accommodate sedans, minicars, crossovers and minivans. Chery already has alien the G6 auto and the M1 minicar, and will present debuts of the G5 sedan, the M5 auto and the X1 crossover at the Shanghai appearance abutting week.
Rely (Weilin in Chinese) is aimed added at business users. That cast will bazaar a ambit of MPVs, crossovers and SUVs. Eventually, it may add pickups as well. Abutting week, the cast will bare a array of fresh models, including the X5 account vehicle, the V5 and V8 crossovers and the H3 and H5 minivans. A Tiger3 auto is additionally in the works.
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