By Robert Cyran
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
(Any opinions expressed here are those of the author and not of Thomson Reuters)The trend of luxury crossovers was started by BMW with the X1. Audi followed suit with its Q3 and Mercedes-Benz is now entering the game with the GLA.
--Guy Walsh is Regional Director at ABN AMRO Commercial Finance PLC. The opinion expressed are his own.--
Car companies are taking advantage of low interest rates and expanding their finance arms -- so much so that they are nudging out the big banks, Reuters reported this week. Automakers made half of new car loans last quarter, up 37 percent from a year earlier. According to Reuters:
Coming data on same-store sales will help illuminate whether the modest upward tick in prices is something that is being replicated throughout the economy and signalling a stronger overall economy or perhaps one that remains more weighted to the most wealthy in the United States. According to Thomson Reuters data, Costco is poised to post the strongest same-store sales figures among the retail chains, though its 4.6 percent estimated increase would fall short of the 5 percent rise a year ago. The figures have a bit less utility than in the past given the likes of Wal-Mart stopped supplying this data years ago, but you work with what you have. Either way, it's notable that the discounters have been weak this year - a sign of lackluster spending outlooks for lower income Americans.
By Antony Currie and Kevin Allison
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.
One would expect the former head of India’s No. 1 car maker to drive a glitzy new SUV or an imported luxury car, but Jagdish Khattar thinks differently. The industry veteran who spent 14 years at Maruti Suzuki now buys only second-hand cars and drives a used Volkswagen Passat.