– Automakers sold 1.5 million cars in July, nudging the yearly total to 10 million as most brands continue to ride strong waves of sales increases powered at least in part by cheap gas prices. We’ve gathered the data from WardsAuto and the manufacturers, sifted the most interesting nuggets, and polished them up so you can see what drivers did with their money last month. Follow along. – – Blocking
– Automakers sold 1.5 million cars in July, nudging the yearly total to 10 million as most brands continue to ride strong waves of sales increases powered at least in part by cheap gas prices. We’ve gathered the data from WardsAuto and the manufacturers, sifted the most interesting nuggets, and polished them up so you can see what drivers did with their money last month. Follow along. – – Blocking
Tesla’s Model X crossover has been on a long and meandering road to the marketplace—first promised in “early 2015,” then delayed to “late 2015,” with deliveries for later orders pushed well into 2016. Now, we have official word: Tesla will put the first Model X crossovers in customers’ hands in September. Separately, the company said the more-affordable Model 3 is slated to be revealed in the first quarter of 2016
Tesla’s Model X crossover has been on a long and meandering road to the marketplace—first promised in “early 2015,” then delayed to “late 2015,” with deliveries for later orders pushed well into 2016. Now, we have official word: Tesla will put the first Model X crossovers in customers’ hands in September. Separately, the company said the more-affordable Model 3 is slated to be revealed in the first quarter of 2016
– At a swanky Manhattan event space, Lincoln Motor Company held a press event to discuss one of the innovations it’s most proud of in the strikingly handsome and headed-for-production Lincoln Continental concept. But we weren’t there to talk about engines or gawk at the suspension or raise an eyebrow at chassis-rigidity specs. No, we were there to hear all about the Continental’s absurdly luxurious seats, which adjust thirty different ways. – “Feeling refreshed
Filed under: Buying, Financing, Refinancing ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed loans fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.93 percent, down 3 basis points from the same time last week. The 30-year fixed mortgage rate rose to 4.01 percent last week before falling and then
China on Wednesday rebuffed comments by U.S. real estate mogul and presidential contender Donald Trump that China is stealing U.S. jobs through crafty business practices, saying trade between the two countries was win-win. Trump wallowed in political incorrectness on Tuesday as he insulted everyone from Mexican immigrants to Jeb Bush and U.S. ally Saudi Arabia in announcing his bid for the Republican nomination. “Economic and trade cooperation between China and
Filed under: Buying, Financing, Refinancing ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed loans rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.96 percent, up 18 basis points from the same time last week. The 30-year fixed mortgage rate rose to 3.98 percent Friday, then hovered there before settling
By Alana Wise NEW YORK (Reuters) – Real estate mogul and TV personality Donald Trump announced his candidacy for the 2016 U.S. presidential election on Tuesday in a blitz of boasts, inflammatory comments and attacks on both fellow Republicans and President Barack Obama’s administration. “I will be the greatest jobs president that God ever created,” Trump said at the Trump Tower skyscraper in Manhattan on launching his bid for the
Real estate mogul becomes the latest candidate to enter the 2016 presidential race.
Promotional campaign for Balmain Homme French fashion house Balmain is starting off the summer right with a new short video for its latest men’s fragrance. Balmain Homme is designed to appeal to the contemporary, cosmopolitan gentleman, and it is heavily inspired by the brand’s signature apparel. Working to maintain consistency across different product categories helps to create a unique aesthetic that will appeal to consumers. Summer scent Balmain Homme features a
The Heure H Rose Tyrien collection by Hermès French apparel and accessories house Hermès is giving travelers a special summer treat thanks to its latest collaboration with DFS Group. For the second year in a row, Hermès will introduce a limited-edition watch collection to be sold exclusively at DFS stores around the world. Partnering with other brands for unique initiatives can help luxury brands remain fresh and exciting and motivate
Men’s section of Bloomingdale’s in Palo Alto Within the luxury industry, fashion brands are seeing the gap between in-store and online sales close at the sharpest rate, according to a new report by the Luxury Institute. Convenience, better prices and wider product selection are driving consumers away from stores to ecommerce marketplaces. However, this ongoing shift away from physical locations should not spur brands to go on a store-shuttering spree,
Four Seasons mobile app NEW YORK – For all the excitement surrounding proximity-based purchases, the vast majority of mobile sales occur remotely, according to a Euromonitor analyst at the Mobile Research Summit June 18. Proximity-based mobile payments allow retailers to tie together the purchase journey, since the prerequisite accounts follow consumers as they progress toward a sale. Although adoption rates remain marginal, poster child success stories such as Starbucks have established
Michael Kors uses Snapchat In a quest to facilitate the consumer’s path to purchase, luxury fashion brands are looking to improve search and display advertising, according to a new report by L2. The majority of desktop traffic is driven by online searches, and it is especially important for brands to make it as easy as possible for consumers to find and purchase their products online. With mobile poised to overtake
