Showing posts with label record. Show all posts
Showing posts with label record. Show all posts

Monday, February 24, 2020

A Quick Record Of Multilevel Marketing Companies




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Thursday, February 28, 2019

Porsche 911 GT2 RS Claims Another Production Car Lap Record

And it probably won't be beaten for a long time.

The Porsche 911 GT2 RS will always be remembered for the astonishing lap time it set at the Nurburgring, which broke the production car record. Recently, however, the GT2 RS claimed another production car lap record, this time at Bend Motorsport Park in South Australia, the world’s second-longest permanent racing circuit behind the Green Hell with a length of 4.78 miles and 35 corners.

To be fair, though, it didn’t have a lot of competition because the GT2 RS was the first car to set a production car record at the newly-opened Australian race track. Not that we're downplaying Porsche's achievement, because the record will probably stand for a long time given the car’s potent performance.

With experienced racing driver and Motor Magazine performance-car test driver Warren Luff at the wheel, the GT2 RS whipped around the challenging circuit in just 3 minutes and 24.079 seconds.

Located in the small town of Tailem Bend in South Australia, the Bend Motorsport Park is the result of a massive investment of more than 100 million Australian dollars, which is around 74 million US dollars. “The GT2 RS just feels so much more powerful [than the GT3],” Luff said. “I think I got to 161 mph (260 kph) on the straight before I stopped looking down. It’s a mega, mega thing.”

If you need a recap, the Porsche 911 GT2 RS is powered by a 3.8-liter twin-turbo flat-six engine that produces 690 horsepower, enabling the car to sprint to 60 mph in just 2.7 seconds. This setup also enabled the car to smash the Nurburgring production car lap record with a time of 6 minutes and 47.3 seconds.

Porsche’s record could be under threat by the Lamborghini Aventador SVJ, however, as recent teaser videos suggest the Italian automaker could reclaim the crown as the king of the ‘Ring after the GT2 RS beat the Huracan Performante’s record.


View the original article here

Friday, February 1, 2019

Porsche Sold A Record Number Of Cars In The US Last Year

Guess which model was its best-seller.

To say that Porsche is popular in the US is sort of an understatement. Considering it's a luxury and high-performance brand whose cheapest model is a bit over $50,000, Porsche North America probably can’t be much happier with 2017’s total sales results. For this past year, a record number of Porsches were sold in the US and Canada for a grand total of 55,420 vehicles, a 2.1 percent increase over 2016 (54,280).

"Demand for four-door and two-door Porsche sports cars allowed PCNA to achieve another annual record in 2017, making it the eighth consecutive year of increased sales," said Klaus Zellmer, President and CEO of PCNA. The Macan and Panamera model lines posted double-digit growth, and we can expect an additional boost with the arrival of our all-new Cayenne in the second half of the year." Porsche 911 sales were also impressive, with just under 9,000 deliveries. This was also the eighth consecutive year of growth for Porsche NA. And it wasn’t just new Porsches that had a great year; Certified Pre-Owned (CPO) vehicle sales were up by 12.5 percent in 2017 for a grand total of 19,104 deliveries.

So, which Porsche vehicle sold the most? That would be the Macan, for the second year in a row. A total of 21,429 Macans were sold, followed by 13,203 Cayennes, 6,731 Panameras, 5,087 718 Boxster and Caymans, and 8,970 911s. Not bad at all for a company that, for decades, sold only premium sports cars.


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Saturday, January 5, 2019

A Brief Record Of Multilevel Marketing Firms




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Saturday, December 29, 2018

Porsche Sold A Record Number Of Cars In The US Last Year

Guess which model was its best-seller.

To say that Porsche is popular in the US is sort of an understatement. Considering it's a luxury and high-performance brand whose cheapest model is a bit over $50,000, Porsche North America probably can’t be much happier with 2017’s total sales results. For this past year, a record number of Porsches were sold in the US and Canada for a grand total of 55,420 vehicles, a 2.1 percent increase over 2016 (54,280).

"Demand for four-door and two-door Porsche sports cars allowed PCNA to achieve another annual record in 2017, making it the eighth consecutive year of increased sales," said Klaus Zellmer, President and CEO of PCNA. The Macan and Panamera model lines posted double-digit growth, and we can expect an additional boost with the arrival of our all-new Cayenne in the second half of the year." Porsche 911 sales were also impressive, with just under 9,000 deliveries. This was also the eighth consecutive year of growth for Porsche NA. And it wasn’t just new Porsches that had a great year; Certified Pre-Owned (CPO) vehicle sales were up by 12.5 percent in 2017 for a grand total of 19,104 deliveries.

So, which Porsche vehicle sold the most? That would be the Macan, for the second year in a row. A total of 21,429 Macans were sold, followed by 13,203 Cayennes, 6,731 Panameras, 5,087 718 Boxster and Caymans, and 8,970 911s. Not bad at all for a company that, for decades, sold only premium sports cars.


View the original article here

Friday, August 31, 2018

Guinness retires Joe Girard's car-sales record after dispute

UPDATED: 8/27/18 5:17 pm ET - adds details

Joe Girard sold 1,425 vehicles in 1973. Ali Reda says he sold 1,582 last year.

But Girard will not lose his title as the world's best car salesman, because Guinness World Records has decided to retire the category rather than settle what has turned into an ugly dispute between Girard, now 89, and Reda, 45. Meanwhile, Girard has sued Reda, claiming the challenge to his record has hurt his reputation as well as his income from book sales and speaking appearances.

"Still to this day ... no one has been able to prove [Reda's] record or what he did to even get that record," Girard's wife, Kitty, told Automotive News last week.

General Motors backed Reda's figures, but Guinness says there's no longer a way to sufficiently verify the figures, as it did when Girard earned his spot in automotive retailing history. Thus, Girard will be considered a "historic record holder," a Guinness spokeswoman wrote in an email to Automotive News.

The organization requires a "clear and independent analysis of the competition," either through "market research or from a global institution who monitors sales in the industry in order to confirm a record holder in this category," the spokeswoman wrote. "Following extensive research, it appears that no such institution exists and market research would be deemed insufficient according to our guidelines."

Reda, a salesman at Les Stanford Chevrolet and Les Stanford Cadillac in Dearborn, Mich., said he found a third-party auditor and planned to pay for his numbers to be verified.

”I sent Guinness an email saying this is going to be costly. Before I move forward with this, I just need to make sure that you are going to accept this as proof," Reda said. "And then they sent me back that: They decided to remove the category."

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That decision surprised Reda, as did the lawsuit from Girard.

“Why would you even think about suing someone for beating your record?” Reda asked. “How does that even make sense? I'm going through it and I don't understand it.”

Girard, who worked for another Detroit-area GM dealership, Merollis Chevrolet, claims he had "reduced bookings" because of the publicity given to Reda, whom he accuses of "chasing the economic benefit" that comes with the Guinness record, according to the Detroit Free Press, which obtained the filing and reported Guinness' decision to back out of the matter last week. Girard also says he has "suffered emotional harm" as a result of "ignorant emails" sent to him, the Free Press reported.

"I really can't believe I'm going through this," Reda told the Free Press. "I had a completely different image of what this would look like. It's a shame Joe just couldn't accept, congratulate and embrace all of this."

ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.


View the original article here

Thursday, August 30, 2018

Monthly payments hit record high in Q2

Melinda Zabritski: "Moving forward, lenders will want to keep a close eye on car buyers' payment performance."

UPDATED: 8/30/18 4:25 pm ET - corrected

Editor's note: An earlier version of this story used an incorrect figure for total auto loans. The total auto loan balance is $1.1 trillion.?

Monthly payments for new- and used-vehicle loans hit record highs during the second quarter, but customers are still making their payments on time, Experian said Thursday.

Average new-vehicle payments increased 4.0 percent -- or $20 -- year-over-year to $525, while used-vehicle payments rose 3.6 percent -- or $13 -- from the year earlier, to $378, Experian said in its State of the Automotive Finance Market report.

Despite record-high monthly payments, 30-day delinquencies for loans and leases dropped to 2.11 percent from 2.2 percent the year earlier. Sixty-day delinquencies improved slightly to 0.64 percent, from 0.67 percent in the second quarter of 2017.

Delinquencies

"As we monitor the health of the automotive market, delinquencies are one of the most telling metrics. If this downward trend continues, it can be an encouraging sign," Melinda Zabritski, Experian's senior director of automotive financial solutions, said in a statement. "Moving forward, lenders will want to keep a close eye on car buyers' payment performance. Understanding these trends and leveraging the power of data helps lenders make the right decisions when analyzing risk."

On-time payments are improving credit scores, Zabritski told Automotive News, while declining market share for subprime and deep-subprime auto loans aided the delinquency decreases.

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As subprime and deep subprime slid below 19 percent of the $1.1 trillion in total auto loan balance, the average credit score for new-vehicle financing bumped up one point to 715. The average score for used-vehicle financing rose 3 points to 655.

Subprime decline

Share of deep-subprime originations, the lowest credit tier, shrunk to record lows, accounting for only 3.54 percent of originations.

Still, subprime consumers aren't being squeezed out of the market, Zabritski said, and despite slightly lower market shares, finance companies will continue to play a significant role in supporting subprime borrowers.

"As we see the market decrease [its] exposure to subprime in the past year or so, that should naturally decrease delinquencies," Zabritski told Automotive News. "Unfortunately, that just hasn't spilled over yet to all lender types."

Thirty-day delinquency rates rose 17 basis points for banks to 1.88 percent and climbed 6 basis points to 2.14 percent for captives. Sixty-day delinquency rates also rose for both lender types.

Average loan amounts also reached record highs last quarter. The average new-vehicle loan amount jumped $724 from a year earlier to $30,958, according to Experian, while the average used-vehicle loan amount rose $520 to $19,708.

The widening gap between new and used financing payments reached $147 in the second quarter, a $6 stretch from the year earlier, which continued to drive many prime consumers to the used market.

Even though rising interest rates and record payments ensure vehicle affordability remains a prevalent issue in auto finance for the foreseeable future, Zabritski doesn't believe costs will impact consumer preference when it comes to model type.

"They're still buying heavier vehicles, more expensive vehicles," Zabritski said. "Will there be a tipping point in new vehicles of consumers shifting into less expensive vehicles? Haven't seen it yet."


View the original article here

Guinness retires Joe Girard's car-sales record after dispute

UPDATED: 8/27/18 5:17 pm ET - adds details

Joe Girard sold 1,425 vehicles in 1973. Ali Reda says he sold 1,582 last year.

But Girard will not lose his title as the world's best car salesman, because Guinness World Records has decided to retire the category rather than settle what has turned into an ugly dispute between Girard, now 89, and Reda, 45. Meanwhile, Girard has sued Reda, claiming the challenge to his record has hurt his reputation as well as his income from book sales and speaking appearances.

"Still to this day ... no one has been able to prove [Reda's] record or what he did to even get that record," Girard's wife, Kitty, told Automotive News last week.

General Motors backed Reda's figures, but Guinness says there's no longer a way to sufficiently verify the figures, as it did when Girard earned his spot in automotive retailing history. Thus, Girard will be considered a "historic record holder," a Guinness spokeswoman wrote in an email to Automotive News.

The organization requires a "clear and independent analysis of the competition," either through "market research or from a global institution who monitors sales in the industry in order to confirm a record holder in this category," the spokeswoman wrote. "Following extensive research, it appears that no such institution exists and market research would be deemed insufficient according to our guidelines."

Reda, a salesman at Les Stanford Chevrolet and Les Stanford Cadillac in Dearborn, Mich., said he found a third-party auditor and planned to pay for his numbers to be verified.

”I sent Guinness an email saying this is going to be costly. Before I move forward with this, I just need to make sure that you are going to accept this as proof," Reda said. "And then they sent me back that: They decided to remove the category."

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That decision surprised Reda, as did the lawsuit from Girard.

“Why would you even think about suing someone for beating your record?” Reda asked. “How does that even make sense? I'm going through it and I don't understand it.”

Girard, who worked for another Detroit-area GM dealership, Merollis Chevrolet, claims he had "reduced bookings" because of the publicity given to Reda, whom he accuses of "chasing the economic benefit" that comes with the Guinness record, according to the Detroit Free Press, which obtained the filing and reported Guinness' decision to back out of the matter last week. Girard also says he has "suffered emotional harm" as a result of "ignorant emails" sent to him, the Free Press reported.

"I really can't believe I'm going through this," Reda told the Free Press. "I had a completely different image of what this would look like. It's a shame Joe just couldn't accept, congratulate and embrace all of this."

ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.


View the original article here