American real estate investment firm, Global Net Lease (GNL), has announced it is acquiring the iconic site of McLaren headquarters in the UK for a whopping £170 million. The 840,000 square-foot facility has been home to McLaren’s production cars and F1 team since its construction in 2004. And thankfully, McLaren […]
Industry
Lamborghini posts record first quarter sales in 2021
Lamborghini is no doubt reaching for the champagne after rounding out a record-setting first quarter in global sales, shattering its previous first-quarter record, set in 2019, by 22 per cent. Sant’Agata’s finest, Automobili Lamborghini, was able to sell 2422 (25 per cent up on 2020) vehicles between the months of […]
Ferrari ranks 3rd in global reputation survey, Lego number 1
Ferrari has taken out third place in the 2021 Global RepTrak 100 brand reputation rankings, with Maranello’s iconic prancing horse standing out thanks to public perception of its financial performance and leadership. The numbers come from RepTrak, who published its 2021 Global 100, claiming it to be the “definitive ranking […]
66% of Australians rather not negotiate when car shopping – survey
Just one-third of Australian car buyers are willing to bargain in order to secure a cheaper price on a vehicle, according to a survey by Finder. The survey involved more than a thousand car buyers, and found one in three Australians are willing to haggle for a better price when […]
FCAI releases manufacturer-specific emissions data for Australia
The Federal Chamber of Automotive Industries (FCAI) has released the results of CO2 emissions data collected from major manufacturers operating in Australia, and the results are likely to surprise you. You might remember a few weeks ago we covered the first dataset published by the FCAI, tracking CO2 outputs from […]
BMW global sales up 33.5% in Q1, up 11% in Australia
It looks like the auto industry around the world is starting to show good signs of recovery. BMW Group has just announced its first quarter sales are up 33.5 per cent, with growth reported in all major markets around the world. BMW Group, which includes MINI and Rolls-Royce, sold 636,606 […]
Mercedes-Benz global sales up 22% in Q1, up 13.5% in Australia
Mercedes-Benz has recorded some impressive global sales numbers for the first quarter of 2021, with electrified vehicles making up 10 per cent of the overall tally. Global sales of new Mercedes-Benz passenger vehicles (including Smart cars) jumped to 590,999 in the first quarter of this year. Mercedes-Benz brand vehicle sales […]
Australian vehicle sales for March 2021 (VFACTS)
It’s been another cracker month for new vehicle sales in Australian, during March 2021, with VFACTS figures revealing a 13 per cent spike across year-to-date and a 22.4 per cent boost compared with March last year. Obviously 2020 isn’t exactly a good year to compare to, but at least the […]