Stand by for a new small-<b>car price</b> war | carsguide.com.au |
- Stand by for a new small-<b>car price</b> war | carsguide.com.au
- Used Luxury-<b>Car Prices</b> Fall Again in April, Mainstream Models Rise <b>...</b>
- Used Luxury-<b>Car Prices</b> Continue Slide in March - KickingTires
| Stand by for a new small-<b>car price</b> war | carsguide.com.au Posted: 16 May 2014 02:01 AM PDT Small-car price war about to shift up a gear as Korean carmakers Hyundai and Kia get ready for Free Trade deal. New-car prices are already at 20-year lows but a new battle is about to bring even sharper deals. South Korean car makers Hyundai and Kia are about to embark on their biggest challenge yet to the established Japanese brands. Both companies have had radical management changes at their Australian head offices ahead of the Free Trade deal that will eliminate the 5 per cent import tariff on South Korean cars, due to be ratified later this year and introduced early next year. Hyundai's fledgling sister brand Kia has poached a high-ranking executive from Hyundai Australia and appointed him as the new boss. Former Hyundai Australia sales director Damien Meredith has been hired as the chief operating officer at Kia Australia, effective May 19. Mr Meredith helped double sales at Hyundai since 2005 and the company is now the fourth-biggest brand in Australia behind Toyota, Holden and Mazda and ahead of Ford, Nissan, Mitsubishi and Honda. Kia is currently only just inside the Top 10, selling about one-third the vehicles of Hyundai Australia, believed to be the largest gap between the two sister brands in any developed market. The new appointment is likely to drive competition in the coming months and force rival brands to respond, giving buyers a greater choice of discounted cars. "I believe there is enormous potential in the Australian market," said Mr Meredith. "It is my aim to make the most of that potential and grow the business in every direction." Although Hyundai and Kia are partner companies and share automotive technology, development and design resources, their sales and marketing operations and dealer networks are fierce rivals. While Australians helped drive Hyundai to a record of almost 100,000 sales in 2013, Kia has been slower to gain popularity. Kia Motors Australia arrived as a factory-backed operation in 2006 but it took seven years for the subsidiary and all its head office resources to overtake the sales peak set by the former independent distributor in 2005. Mr Meredith, who also previously worked for Honda for 20 years and Volkswagen for three years, is credited by industry peers as the driving force behind Hyundai's sales surge in Australia. Hyundai Australia may have been blindsided by Mr Meredith's sudden departure but it has been hiring high-ranking executives from rival car brands for years. In October 2012 Hyundai appointed John Elsworth, a 22-year Holden sales and marketing veteran, as its chief operating officer in Australia. Under Mr Elsworth's leadership Hyundai Australia posted its all-time high sales result of 97,000 deliveries in 2013 and is on track for another record in 2014. Both Hyundai and Kia have increased sales so far this year even though the new-car market has slowed. Hyundai sales are up by 4 per cent and Kia sales are up by 2 per cent in a market that's down by 3.1 per cent from January to April compared to the same period last year. This reporter is on Twitter: @JoshuaDowling  |
| Used Luxury-<b>Car Prices</b> Fall Again in April, Mainstream Models Rise <b>...</b> Posted: 23 Apr 2014 07:52 AM PDT Luxury models again dominated the list of used cars with the biggest price drops, with nine of the cars in this month's top 10 from traditional luxury brands. Hyundai's full-size Equus sedan — a luxury car from a non-luxury brand — took the 10th spot. Luxury models have made up the majority of cars in the top 10 every month so far this year. The average asking price for Land Rover's flagship Range Rover SUV dropped the most in April, falling 4 percent ($2,871). The Audi A3 and Mercedes-Benz CLS-Class round out the top three with price drops of 3.1 percent ($752) and 2.9 percent ($1,730), respectively. The list of cars with the biggest April price gains was considerably more varied, with everything from heavy-duty pickup trucks to an electric car. The Chevrolet Express 1500 full-size van had the largest jump in asking price with a 2.9 percent ($594) increase. Close behind were the GMC Sierra 3500 and Nissan Leaf, which were up 2.6 percent ($1,158) and 2.5 percent ($488), respectively. After a couple months of mostly static average used-car prices, asking prices ticked up in April. Late-model used-car prices were up .75 percent ($175) from the prior month to $23,418. The increase might be a reflection of more shopping activity as the spring selling season begins following a long, cold winter in many parts of the country. The charts detail used cars from the 2011 to 2013 model years with the biggest price drops — as well as those with the biggest gains. To be eligible for the lists, a model had to have at least 250 cars in Cars.com's national inventory. Source: Cars.com used-car listings, 2011 to 2013 model years Cars.com photo by Evan Sears |
| Used Luxury-<b>Car Prices</b> Continue Slide in March - KickingTires Posted: 27 Mar 2014 06:56 AM PDT Models from luxury brands accounted for seven of the top 10 used cars with the biggest price drops in March. That's the same number of luxury brands we saw on the list last month. Overall used-car prices held mostly steady in March, down just $6 to an average of $23,243. Used Luxury-Car Prices Drop Most in February Luxury brands had the majority of cars on the list, but the Chevrolet Volt extended-range electric car experienced the biggest price drop. It was down 3.1 percent ($811) to $25,000. This winter has not been kind to used Volt prices, which are down 10.5 percent ($2,922) since Dec. 1, 2013. Among cars with the biggest price gains, the Ford E-250 Super Duty full-size van led all models for the second month in a row. It was up 2.6 percent ($548) to $21,946. Most of the models in the top 10 were cars and trucks from mainstream brands, but one luxury car — the Mercedes-Benz SL-Class roadster — made the list with a 1.9 percent ($1,536) increase to $82,138. The charts detail used cars from the 2011 to 2013 model years with the biggest price drops — as well as those with the biggest gains. To be eligible for the lists, a model had to have at least 250 cars in Cars.com's national inventory. Cars.com photo by Evan Sears |
| You are subscribed to email updates from car prices - Google Blog Search To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment