BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Tell-tale stat: Rolls-Royce, Ferrari sales seen falling on high roller belt-tightening]]>http://www.bloggingstocks.com/2009/03/05/tell-tale-stat-rolls-royce-ferrari-sales-seen-falling-on-high/http://www.bloggingstocks.com/2009/03/05/tell-tale-stat-rolls-royce-ferrari-sales-seen-falling-on-high/http://www.bloggingstocks.com/2009/03/05/tell-tale-stat-rolls-royce-ferrari-sales-seen-falling-on-high/#commentsFiled under: , ,

It's a sign of the times. Ultra-high-end luxury car manufacturers Rolls-Royce, Ferrari, and Lamborghini - - previously thought to be immune from the recession - - are seeing the global recession affect their businesses.

United Kingdom-based Rolls-Royce says demand is falling fast in the once giga-GDP growth regions of China and Dubai, and Italy-based Lamborghini said it expects worldwide deliveries to decline in 2009 after rising a modest 1% in 2008, Bloomberg News reported Thursday.

Continue reading Tell-tale stat: Rolls-Royce, Ferrari sales seen falling on high roller belt-tightening

Tell-tale stat: Rolls-Royce, Ferrari sales seen falling on high roller belt-tightening originally appeared on BloggingStocks on Thu, 05 Mar 2009 14:05:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>autoscarsFerrariLamborghiniluxury carsPorscheRolls-RoyceThu, 05 Mar 2009 14:05:00 EST<![CDATA[Tell-tale stat: BMW U.S. 2008 sales decline most in 16 years]]>http://www.bloggingstocks.com/2009/01/09/tell-tale-stat-bmw-u-s-2008-sales-decline-most-in-16-years/http://www.bloggingstocks.com/2009/01/09/tell-tale-stat-bmw-u-s-2008-sales-decline-most-in-16-years/http://www.bloggingstocks.com/2009/01/09/tell-tale-stat-bmw-u-s-2008-sales-decline-most-in-16-years/#commentsFiled under: , , ,

What's another high-end stat, along with a decline in sales of apartments in the heart of New York City -- Manhattan -- that doesn't bode well for the economy? A decline in sales of performance and luxury cars.

Sales of Bavarian Motor Works' namesake brand in the United States plunged 15.2% to a 16-year low in 2008, as the credit crunch and the U.S. recession scared away even buyers for one the world's highest-quality makes, The Associated Press reported Friday.

U.S. sales declined to 249,113 vehicles, The AP reported. Global 2008 sales slumped 5.8% to 1,202,239 vehicles. BMW's shares rose 49 euro cents to 22.39 euros Friday on the Frankfurt exchange.

Economist Richard Felson said BMW's sales decline "is indicative of a pervasive economic slowdown and a loss in confidence, across society and on both sides of the Atlantic."

Continue reading Tell-tale stat: BMW U.S. 2008 sales decline most in 16 years

Tell-tale stat: BMW U.S. 2008 sales decline most in 16 years originally appeared on BloggingStocks on Fri, 09 Jan 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auto sectorBMWBMW U.S.inthenewsluxury carsperformance carsFri, 09 Jan 2009 17:00:00 EST<![CDATA[In $4 gas era, U.S. automakers tout regular-gas luxury cars]]>http://www.bloggingstocks.com/2008/08/07/in-4-gas-era-u-s-automakers-tout-regular-gas-luxury-cars/http://www.bloggingstocks.com/2008/08/07/in-4-gas-era-u-s-automakers-tout-regular-gas-luxury-cars/http://www.bloggingstocks.com/2008/08/07/in-4-gas-era-u-s-automakers-tout-regular-gas-luxury-cars/#commentsFiled under: , , ,

U.S. automakers, late to recognize the sales implications of spiraling gas prices, have started to adjust their business models, in at least one modest respect: some luxury cars are now being designed to run on regular unleaded gasoline, USA Today reported Thursday.

Regular unleaded gasoline, with an 87 octane, typically costs 20-40 cents less than premium gasoline, with a 91 octane.

Ford (NYSE: F) and General Motors (NYSE: GM) are encouraging dealers to promote their no-premium-gas luxury cars' potential, as a selling point for consumers with budgets pinched by $4 per gallon gasoline, USA Today reported Thursday. Ford rose 5 cents to $4.99, while GM fell 15 cents to $10.10 in mid-day Thursday trading.

Auto mechanic Eddie Renn, based in Larchmont, N.Y., said the fact that automakers are manufacturing more cars designed to run on regular gasoline "is an improvement," but he questions why the automakers are using a lower gasoline cost as a selling point for luxury cars. Renn added that his auto repair business is not affiliated with any auto manufacturer.

Does gas price matter for luxury car owners?

"If you're driving a luxury car and you're concerned about a 20 or 30 cent difference a gallon, maybe you shouldn't be driving a luxury car." Renn said. "The luxury car owners who come in here [to his gas station] aren't concerned about the price of gas, I can tell you that."

Renn said most new cars, excluding sports cars and other vehicles, are designed to run on regular gasoline. A higher percentage of older cars -- particularly those built before 2000, require a higher octane, either mid-grade gasoline (also called 'plus') with an 89 octane, or the aforementioned premium gasoline, with a 91 octane.

Continue reading In $4 gas era, U.S. automakers tout regular-gas luxury cars

In $4 gas era, U.S. automakers tout regular-gas luxury cars originally appeared on BloggingStocks on Thu, 07 Aug 2008 14:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>autoscarsgasoline pricesinthenewsluxury carsmiles per gallonmpgoctaneoil pricesoil shockvehcilesThu, 07 Aug 2008 14:10:00 EST<![CDATA[Are the rich spending less for luxury cars?]]>http://www.bloggingstocks.com/2008/04/07/are-the-rich-spending-less-for-luxury-cars/http://www.bloggingstocks.com/2008/04/07/are-the-rich-spending-less-for-luxury-cars/http://www.bloggingstocks.com/2008/04/07/are-the-rich-spending-less-for-luxury-cars/#commentsFiled under: , , ,

With recession fears, housing market worries and high gasoline prices, retailers have been facing tough times and so have luxury car dealers. March proved another tough month for carmakers, with overall U.S. sales declining after the weakening economy put a curb on consumer spending.

Amid the challenging market conditions, even the rich are joining the general anxiety. With the dollar losing ground each day it is difficult to know how much your savings are valued at any more. Then, a simple question appears "Can I afford to buy a luxury car?" It seems like not too many gave a positive answer as most luxury car brands faced sales declines last month.

Sales for BMW fell 8.7%, while Lexus saw a plunge in sales of 13.6%. And even Mercedes-Benz was down nearly 4 percent. Overall luxury vehicle sales fell almost 13% compared with the same month last year, according to Autodata.

Continue reading Are the rich spending less for luxury cars?

Are the rich spending less for luxury cars? originally appeared on BloggingStocks on Mon, 07 Apr 2008 17:24:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BMWcarmakersconsumer spendingConsumerSpendinginthenewsLexusluxury carsLuxuryCarsMercedes-BenzMon, 07 Apr 2008 17:24:00 EST