Automobile Industry: “Global automobile industry rebounds.”

The Global Auto Industry met the depths of it’s valley in 2009. Low consumer confidence coupled with rising unemployment kept the market incredibly sour. Things could have been worse though, had the government not incentivized an increase in purchases through the “Cash for Clunkers” program. In 2010, the automobile industry in the U.S. is expected to rebound on the heels of companies like Ford and GM emerging from the rubble. The global automotive industry sees growth on the horizon, especially in parts of Asia. Growth will depend on which automotive products truly answer the call for more fuel efficient vehicles. CEO,Jack W. Plunkett, guides you through the trends that are going to rehabilitate one of the world’s most influential industries.

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Cadillac Eldorado Biarritz 1959 décapotabable

Yes, this is a cab (TAXI).

Comments of my friend Martin:

Do you have an idea how much this car can be worth in the USA?? If it has the original color it can be worth something like $200,000. Once the relations between the US and Cuba get better, all these old cars are going to leave Cuba.

Commentaire de mon ami Martin:

Si c’est la couleur d’origine, c’est qqc comme $200,000… Met que le climat politique s’ouvre à nouveaux aux USA, ces autos-là vont partir vers les USA assez vite merci. L’autre a coté est un Austin 1800 je crois, une coche plus grosse qu’une Austin Mini.

Posted by Danny VB on 2010-05-06 11:04:33

Tagged: , car … Read More

Evolution Of Used Car Market In India

State of the Market

With 3 million+ used car sales, India’s used car market has outpaced the new car market which could only manage about 2.5 million units. This puts the new car to used car sales ratio at about 1:1.3. While this ratio seems fairly optimistic for the industry, it’s still way behind the Western levels of 1:3 in the UK and US, and around 1:2.2 in Germany and other Western European economies.

However, the market has been aggregating a compound annual growth rate of 15-18% in the last five years. The CAGR is expected to shoot up to around 22-25% by 2018. Experts have pegged the ratio of new cars to used cars sales to become 1:2 by 2017-18. Sales of used cars are, therefore, likely to more than double in the next 5 years.

A research by CRISIL found that between 2008 and 2013, sales of used … Read More