Industry News: Crichton’s property sells for millions

Neville Crichton

Neville Crichton

A Sydney property belonging to New Zealand luxury car salesman Neville Crichton has reportedly been sold for more than $AUD60 million.

The six-bedroom waterfront property is believed to be the third-most-expensive in Australia, with the foreign buyer needing approval from the Foreign Investment Review Board, Stuff.co.nz reports.

New Zealand-born Crichton started his career in used car dealerships in 1972, before moving to Australia in the early 1980s. Continue reading “Crichton’s property sells for millions” »

Neville Crichton A Sydney property belonging to New Zealand luxury ...

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Industry News: New Kluger SUV arrives with style and power upgrades

2017 Kluger

Toyota will introduce added performance, new styling and a number of features to its Kluger SUV when it arrives in Australia late next month.

Kluger receives a performance update to its V6 powertrain, which is now equipped with direct-injection engine technology.

The updated V6 petrol engine delivers improved acceleration and overtaking with an increase in power of almost 8.5% to 218kW, while torque rises to 350Nm. Continue reading “New Kluger SUV arrives with style and power upgrades” »

Toyota will introduce added performance, new styling and a number of f ...

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Industry News: EV sales plummet in Australia

Tesla Model 3

The popularity of new electric vehicles (EV) and hybrids among Australian buyers has taken a hit year-on-year, new VFACTS figures reveal.

In the private passenger car segment, there were drops in both electric vehicle and hybrid sales in 2016 compared to the previous year.

There were 65 EVs sold in this segment last year compared to 220 EVs sold in 2015 – a 69% drop. Continue reading “EV sales plummet in Australia” »

The popularity of new electric vehicles (EV) and hybrids among Austral ...

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Industry News: Trump warns Germany’s big three of future Mexico plans

BMW-Mercedes-AudiGerman chancellor Angela Merkel says she will remain committed to free trade in an indirect rebuttal to comments from US president-elect Donald Trump about border taxes on car imports.

Under pressure to deliver on campaign promises to revive US industrial jobs, Trump has turned his fire on German carmakers that use low-cost Mexican plants to serve the US market.

He has also warned Toyota it could be subject to a “big border tax” if it builds its Corolla cars for the US market at a planned factory in Mexico. Continue reading “Trump warns Germany’s big three of future Mexico plans” »

German chancellor Angela Merkel says she will remain committed to free ...

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Industry News: Safety ratings for MG GS and NZ-based Avensis

ANCAP MG GS

The Australasian New Car Assessment Program (ANCAP) has awarded the MG GS medium SUV 4 stars, while the Toyota Avensis wagon gets a 5-star rating.

“The GS is a good car structurally, offering sound levels of occupant protection however its safety specification is lacking,” says ANCAP chief executive James Goodwin.

Autonomous emergency braking (AEB), lane support systems and intelligent seat belt reminders for second row occupants are not offered on the GS. Continue reading “Safety ratings for MG GS and NZ-based Avensis” »

The Australasian New Car Assessment Program (ANCAP) has awarded the MG ...

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Industry News: Ideal market conditions for boom in US SUV sales

Honda CR-V US model

US consumers’ love affair with SUVs and pickup trucks could be what keeps domestic auto sales growing this year despite continued worries about “peak auto.”

Toyota’s US sales chief, Bill Fay, says consumers’ shift from cars to SUVs is one of the most dramatic the industry has ever seen.

Three years ago, trucks and SUVs represented 50% of the US market. They closed 2016 at 63% of total sales. Continue reading “Ideal market conditions for boom in US SUV sales” »

US consumers’ love affair with SUVs and pickup trucks could be what ke ...

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Industry News: Authorities crash $5.4M fake car parts ring

toyota fake parts seizure

Tens-of-thousands of fake and counterfeit car parts were seized in a raid in the United Arab Emirates (UAE) late last week destined for Australia, say investigators.

The fake parts emulated and bore the trademarks of 15 different automotive marques.

The confiscation of over 500,000 fake and counterfeit car parts was the largest of its kind in Abu Dhabi’s history. Continue reading “Authorities crash $5.4M fake car parts ring” »

Tens-of-thousands of fake and counterfeit car parts were seized in a r ...

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Industry News: Car electrification is an irreversible trend

BMW i3

Electric cars will pick up critical momentum in 2017, many in the auto industry believe – just not in North America.

Tighter emissions rules in China and Europe leave global carmakers and some consumers with little choice but to embrace plug-in vehicles, fuelling an investment surge, say industry executives gathered in Detroit for the city’s annual auto show.

“Car electrification is an irreversible trend,” says Jacques Aschenbroich, chief executive of auto supplier Valeo, which has expanded sales by 50% in five years with a focus on electric, hybrid, connected and self-driving cars. Continue reading “Car electrification is an irreversible trend” »

Electric cars will pick up critical momentum in 2017, many in the auto ...

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