Subcompact car sales are improving, finally
So far in 2012, we’ve witnessed a 22% rise in revenue inside of the subcompact and minicar categories. Numerous models have been redesigned in the last year, and consumers appear to be digging them.
The Chevrolet Sonic is off to a good begin, outselling the outgoing Aveo by 54%. The new Hyundai Accent and Kia Rio are also performing well, outscoring the preceding-generation model’s functionality from last year. Even the Toyota Yaris with its freshly facelifted hatchback is performing greater with a 35% increase, even though Honda is moving out much more units of the Fit.
Inside the New Chinese-Owned MG Motor Co.
In the town of Longbridge, just outside of Birmingham in the U.K., British workers assemble an all-new MG model from kits imported from China. We went up to the as soon as-sprawling industrial web site to check out the operation, wherever China’s SAIC employs 300 engineers, runs a design studio, and screws collectively mostly finished autos. Welcome to the long term.
