A manufacturing line of Toyota Motor Vietnam in the northern province of Vĩnh Phúc. — Photo TMVViet Nam News NỘI — Toyota Motor Vietnam (TMV) achieved a record sales volume of nearly 66,000 units, excluding imported Lexus cars, in 2018, marking a year-on-year increase of 11 per cent. According to its business results report released on Wednesday, TMV said the Vios was its leading model with 3,600 units sold in December. The Innova and Fortuner were also listed in the best-selling cars of 2018. Nearly 52,600 units were locally manufactured in 2018, up 27 per cent compared 2017. These figures show TMV’s commitment to pursuing local production to boost the automobile industry’s development. TMV’s export turnover reached nearly US$71 million last year, contributing to the accumulated turnover of around US$535 million. In the past year, TMV established a specialised department to support suppliers – especially local one – in … [Read more...] about TMV marks 11% increase in 2018 car sales
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China car sales fall for first time in two decades
Car sales in China - the world’s biggest automotive market - have gone into reverse, suffering their first annual fall in two decades. Sales of cars dropped 6pc to 22.7m vehicles last year, according to the China Passenger Car Association (CPCA), and there are fears the decline is likely to continue in 2019. For years China has been the focus of attention for global car makers, which have invested in plants there with local partners to capture a slice of the burgeoning market. However, the prospect of a damaging trade war with the US, a slowing economy and the growth of ride-hailing services has put the brakes on the industry after years of growth. Cui Dongshu, CPCA secretary-general, said pressure... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register … [Read more...] about China car sales fall for first time in two decades
Taylor Wimpey house sales buoyant thanks to cheap mortgages
Cheaper mortgage deals are keeping buyers interested despite Brexit uncertainty, housebuilder Taylor Wimpey said on Wednesday. Despite more caution in London and the South-East, sales volumes rose 3% to 14,947 and forward orders are up 9% to £1.78 billion. The firm said that was a strong order book. Although average selling prices were flat at £264,000, the update pushed shares up 5.35p, or 4%, to 145.75p. Chief executive Pete Redfern said the extension of the Help to Buy support scheme had helped to underpin sentiment alongside lenders cutting mortgage rates. Barclays was the latest to cut the cost of fixed-rate deals this week. “People look at these big political situations and at first they’re nervous but after a while, they tend to want to get on with life,” Redfern said. “ The biggest concern for us would have been mortgage rates rising, but the thing that has surprised us in the last few months is rates have come down.” … [Read more...] about Taylor Wimpey house sales buoyant thanks to cheap mortgages
London building works hit sales at Royal jeweller Asprey
Royal jeweller Asprey on Wednesday blamed a sales slump on construction work in and around its Bond Street shop last year. The Royal Warrant holder, whose ring was worn by the Duchess of Sussex to her evening wedding reception, posted turnover of £20.2 million for the year to March. That was down from £35.9 million the year before. In the UK, where a number of retailers are grappling with weaker consumer confidence and higher business rates and wage bills, sales decreased to £10.9 million from £12.6 million. Chairman John Rigas said changes to the interiors of its Mayfair home, plus street works, “had an expected and significant impact to clients’ ability to access the store”. The company has been at 167 New Bond Street since 1847. However, Rigas added: “Trading has resumed at historical levels since the completion of the works.” Asprey narrowed pre-tax losses to £16.2 million from a £19 million loss. … [Read more...] about London building works hit sales at Royal jeweller Asprey
Sainsbury’s festive sales fall after non-food hit
Sainsbury’s festive sales fall after non-food hit BelfastTelegraph.co.uk Sainsbury’s has said sales dropped over its festive quarter after general merchandise trading was hit by consumer caution and as it held off from heavy discounting. https://www.belfasttelegraph.co.uk/business/uk-world/sainsburys-festive-sales-fall-after-nonfood-hit-37694906.html https://www.belfasttelegraph.co.uk/news/uk/article37694907.ece/47ef0/AUTOCROP/h342/bpanews_5c2688f8-8712-444e-8dad-c40f9ad48e49_1 Email Sainsbury’s has said sales dropped over its festive quarter after general merchandise trading was hit by consumer caution and as it held off from heavy discounting. The supermarket giant – which is planning to snap up rival Asda in a £12 billion deal – saw like-for-like retail sales, including Argos and excluding fuel, fall 1.1% in the 15 weeks to January 5. Grocery sales rose 0.4% in the 15 weeks to January 5, but this was offset by a 2.3% drop in … [Read more...] about Sainsbury’s festive sales fall after non-food hit