sales

Residence Gross Sales

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What is the difference between a realtor and a real estate agent?

Real estate is a term that refers to the physical land, structures, and resources attached to it. Real property includes the physical property of the real estate, but it expands its definition to include a bundle of ownership and usage rights.

DirectoriesComplete listing of state and native associations, MLSs, members, … Read More

Monterey Car Week auctions predicted to break $320 million in sales

Monterey Car Week has returned with a bang.

The annual California gathering was canceled last year due to coronavirus restrictions, but is in full swing for 2021 with a slate of a half-dozen auctions that kicked off with a $34.4 million haul at RM Sotheby’s on Thursday night.

Hagerty estimates that the auctions will pull in over $320 million at an average of over $400,000 per sale, which would for surpass the $255 million total from 2019.

“This year’s Monterey Car Week auctions include excitement around the traditional sectors of the collector car market, like prewar cars and 1950’s Ferraris. However, newer cars may well prove to be the top sellers in 2021,” Hagerty vice president of automotive intelligence Brian Rabold said.

Among the cars sold at RM Sotheby’s was a 1962 Aston Martin DB4GT Zagato, that went for $9,520,000, which Hagerty says

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Malaysia Automotive Aftermarket Service Market Outlook to 2025: Surging Used Car Sales contributing to the Growth of Automotive Aftermarket Service Industry in Malaysia – Ken Research

Gurugram, India, July 29, 2021 (GLOBE NEWSWIRE) —

  • Automotive slowdown & the COVID-19 pandemic brought a sustained downward trend in new passenger car sales in 2021 in Malaysia.
  • The OEM/Authorized car service market is anticipated to grow with a CAGR of 11.7% during the forecast period 2020-2025.

Surging Vehicle Parc in Malaysia: Malaysian automotive industry in witnessing a growth in the number of vehicle parc, which is leading to higher demand for the multi brands and OEM car service companies in Malaysia. ~65% of the vehicle parc in Malaysia in 2020 comprised of post warranty cars that generally visit multi brand car service centers. Whereas, the pre warranty cars in the country prefer visiting the OEM car service centers.  Multi brand service centers cost ~40% less as compared to the authorized car service center which is the major reason for consumer to shift to the multi brand service center during

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Germany’s Car Association Cuts 2021 Sales Growth Forecast | Investing News

BERLIN (Reuters) – Germany’s automotive industry association on Wednesday cut its growth forecast for 2021 car sales in Europe’s biggest economy to 3% from 8% citing production hurdles posed by semiconductor shortages.

The Association of German Automobile Manufacturers (VDA) now expects car sales in Germany to be at 3.15 million units this year. It slashed its production forecast on Tuesday.

Presenting the figures at its summer news conference, VDA warned against a possible European Union de facto ban on combustion engines from 2035 and called for more investment in charging stations for electric cars in the bloc.

VDA said a ban on internal combustion engines would take a toll on jobs, innovation and consumers’ freedom.

“People don’t want bans, they want offers: innovative, attractive, networked,” VDA said in a statement.

German newspaper Frankfurter Allgemeine Zeitung reported on Tuesday that the European Commission was drafting a law, to be proposed next

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