Posts Tagged 'U.S.'

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August 2017 Economic Update

Depreciation in the used vehicle market mirrored the economy's performance this past month.

The Volkswagen Phaeton to Attempt Successful Rebirth in U.S. Market

  Ten years ago, in 2003, a non-premium brand from Germany began selling its flagship sedan in the United States with aspirations to compete on the level of its premium German counterparts in the luxury market. However, after a few lackluster sales years, the experiment had failed and the product ceased to exist in the American market. That brand was Volkswagen and the car was the Phaeton. Undeterred, the Wolfsburg, Germany-based automaker has announced plans to re-launch the sedan in its latest attempt to become the world’s largest carmaker. During the Phaeton’s first foray into the U. ...

 

    

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