You say you always wanted to drive a Mercedes-Benz or BMW? This could be your time to get a late-model luxury sedan at about half of what it cost as a new car. Automotive data and research firm iSeeCars.com scanned the current market for the best bargains in three-year-old used cars — the time when most returning lease cars go up for resale. They found a clutch of luxury sedans, and some mainstream models, that are selling for just over half of what they cost as new cars. These models have depreciated at least 1.3 times the average three-year loss in value for all vehicles of 34.5 per cent. These sedans have lost value in part because of new- and used-car shoppers’ preference for SUVs. But the high incidence of leasing among luxury models also plays a part. “Luxury brands are known for depreciating at a higher rate because they are so [...]
Comments Off on BMW extends global sales lead over Audi, Mercedes in June
Global sales of BMW Group’s core brand rose faster in June than at Audi and Mercedes-Benz as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.
Sales at the brand were up 9 percent last month to 153,075, the group said today, compared with growth of 5 percent to 140,300 and 8 percent to 131,609 at Audi and Mercedes respectively.
Six-month sales at BMW brand rose 8 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6 percent each to 780,500 and 694,000 respectively.
“BMW has stronger momentum than Audi and Mercedes, that won’t change in the second half,” said Hanover-based NordLB analyst Frank Schwope. “Design of their cars has improved and they’re ahead [...]