Ford Step Ahead, Posting a $A2.2b Profit for Q1 2010

Bowan Spanbroek | 29/04/2010 2:25:55 PM

The A$2.2billion profit for Q1 represents a full year out of the red for Ford, quite an achievement compared to the Detroit based companies neighbours GM & Chrysler. No doubt the solid financials are the effects of their competition being flawed for most of 2009, with GM & Chrysler needing government bailouts & Toyota being snowed under by a mountain of negative press. As a result of the stronger than average 2009 their market share rose by 3% in North America, with a US$1...

March New Car Sales Increase by a Record Breaking 25.2%

Bowan Spanbroek | 8/04/2010 2:58:42 PM

In December 2009 the car sales figure dubbed ' the magic million'  seemed like a far off prospect left back in 2007/08. The Federal Chamber of Automotive Industry  chief Andrew Mckellar predictied 2011 as the year Australia would return to pre-GFC sales levels.  However the outstanding March new car sales figure of 94,744 was enough to change Mr Mckellar’s somber tune from last year, “This is an outstanding March result and provides further evidence that...

The Australian Camry Hybrid Distraction or Innovation?

Bowan Spanbroek | 11/03/2010 3:47:43 PM

The new hybrid Camry is a welcome distraction for Toyota Australia amidst the Prius media storm. With the recall extending to Australia the local confidence in their hybrid range has undoubtedly wavered. With a total of 2378 Prius vehicles being recalled early this year consumer and fleet buyers alike may be hesitant about the new hybrid Camry. However Toyota issued in its press release that ‘the locally made Hybrid Camry launched this week in Australia is not affected (by the prius...

Geely enters the market low but aims high

Bowan Spanbroek | 29/01/2010 3:58:28 PM

This year we will see the introduction of the third Chinese Automotive brand to the Australian market. Geely is set to bring 3 models into Australia via John Hughes ‘Chinese Automotive Distributors’ Company. Initially it will be WA that receives the first 1.5 litre MK models, with dealerships in North Perth and Mandurah releasing possibly in May.Hughes is currently recruiting dealerships over east to distribute the new brand nationally. The aggressive pricing of the MK and Pan...

Car production takes a dive

Bowan Spanbroek | 11/01/2010 4:04:05 PM

Australian car production has slumped to a low of 225,713 vehicles produced in 2009, a staggering 100,000 fewer cars than 2008. The high Australian dollar has hindered the already diminished demand from foreign importers in the US and Middle East. On top of this local producers are hurting from the recent tariff cut that has lowered foreign importers costs considerably. These combined factors mean local producers will be relying heavily on tax-payer funded assistance in the coming year, w...

December 2009 hits an all-time record for car sales! Pity about the rest of the year…

Bowan Spanbroek | 7/01/2010 4:07:12 PM

A last minute rush from business owners seeking the investment allowance resulted in a record December, with 88,708 vehicles sold (15.9% up on last December). The main contributors were vans, 4x2 and 4x4, all receiving significant growth in sales. The Federal Chamber of Automotive Industry (FCAI) forecasted 880’000 vehicles being sold for 2009, however December pushed the auto industry well past the line with 937,328 new cars sold, a positive result in the context of a recession! ...

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