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Porsche boosts deliveries, revenue and profit in first quarter

German OEM Dr. Ing. h.c. F. Porsche AG has started 2015 successfully, with growth in deliveries, revenue and profit in the first quarter. From January-March inclusive, the sports car manufacturer delivered 51,102 new cars – 32% more than in the same period last year. Leather features in many of the luxury and sports brand car interiors.

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The Split Report

July was an uncertain and transitional month for the split market. There have been no major changes in the price trends over the past three months. The split market thus remains generally weak with only a few interesting points to emphasise. 

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Steady Q3 results for LVMH

LVMH, the world's biggest luxury group, posted improved sales growth for the third quarter on October 14 as stronger trading in Europe and the United States helped make up for weakness in Asia.

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Leather should not fear biosynthetic materials

Modern Meadow’s successes in making a material to “compete with leather” using biosynthesis methods is laudable. When they are talking about 1.5 months to make a square foot, we should not be closing up shop just yet. 

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British Isles Prices Report

August and September have turned out to be very turbulent months on the political front with the breakup of the United Kingdom becoming a real possibility. One opinion poll 12 days before the vote indicated that the independence camp had gained a slender lead. This caused a drop in Sterling versus the US dollar which had already been under pressure due to the conflict in Ukraine. Another poll a few days later reversed that lead but in statistician terms means that the vote is expected to be very close.

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BMW sells a million vehicles in 2014 H1

The BMW Group sold more than a million vehicles in the first half of 2014, more than ever before in the first six months of the year. A total of 1,020,211 vehicles were delivered to customers worldwide, an increase of 6.9% over the same period last year (954,501). Sales in June also reached an all-time high: deliveries increased 4.8% with a total of 193,342 vehicles sold last month (prev. yr. 184,489).

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