Survey Says, Luxury Car Sales on the Rise Again
The luxury car market has both struggled and benefited from the recession. Sales at the top end of the market usually rise in a recession as the super rich get richer and want to spend the money they earn rather than invest. With low interest rates, there is little point in saving, so the super rich normally buy higher price goods including luxury cars. However, sales at the lower end of the luxury car spectrum tend to drop off as the middle class is squeezed and businesses cut back on their overheads.
Ford Celebrated Production of Its Five Millionth EcoBoost Engine
The EcoBoost engine was launched in 2009 in the US. It was introduced to the European market in 2010. Today, one in four Ford's sold have an EcoBoost engine. The most popular version is the 1.0 litre that was named as International Engine of the Year for three years running.
Ford Tops the UK Fleet Car Tables Again Says SMMT
In 2013, 156,106 new Ford models were sold to UK fleet owners. This made the manufacturer the most popular for fleet vehicles. In 2014, 164,901 new Fords were added to company fleets.