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There has been a reduction in the number of loans given out by financial institutions to individuals who purchase automobiles and have the highest risk profile. This trend suggests that financial institutions are preparing for an economic downturn that may enable individuals to meet their financial commitments. As a resultRead More →

[Stay on top of transportation news: Get TTNews in your inbox.] General Motors Co. made strong sales gains in the third quarter in a sign the semiconductor shortage is easing, but relief could come for automakers just as consumers are squeezed by rising rates of interest and concerns about theRead More →

the herald Ivan Zhakata Herald Correspondent A little progress each day adds to the results. It was the story of Victor Matiyenga, 34, from Harare, who started out washing cars at his father’s car sale but now owns a top-notch car dealership. When he told his story, one would wonderRead More →

Consumers looking to buy a used car online have been warned to be on the lookout for scam car listings. A BBC investigation has revealed that a bogus car dealership website by the name of Auto-Promotions was defrauding thousands of pounds through malicious online advertisements for cheap motors. The nameRead More →

A Yorkshire car dealership group has reported growth in its latest financial results, boosted by the acquisition of a new franchise during the year. Riverside Motor Group, which is headquartered in Doncaster, operates Volvo, Seat, Cupra, Honda and Mitsubishi dealerships in Doncaster, Hull, Wakefield and Barnsley. Recently filed accounts forRead More →

With inventory dwindling, a dealership’s success largely depends on their ability to meet their customers’ needs. In the past, you did this through personal interaction with each customer. However, with the growth of technology and the shift to customers doing most of their research online, dealerships need to automate manyRead More →

I recently attended an industry dealer-focused event in my hometown of Philadelphia, where a top dealer, who just returned from Europe, verified that the “agency” model takes the over there and, clearly, the trend is coming here. Another indicator that shows this very clearly is Ford’s recent dealer announcement, whichRead More →

HINSDALE, IL — Hinsdale could get another luxury car dealership, as long as the village approves its zoning, which seems likely. Mouse Motors, which is in Chicago, wants to move to vacant land on the northwest corner of Ogden Avenue and Salt Creek Lane. It sells McLaren cars, made inRead More →

1.Fletcher Jones Motorcars Location: 3300 Jamboree Road, Newport Beach; 949-397-2112; fjmercedes.com Fletcher Jones Motorcars has set the standard in Newport Beach as one of the county’s premier luxury dealerships for several decades. With humble beginnings dating back to 1946, this family-owned dealership began in the hands of Fletcher Jones inRead More →

Industrial property specialists Harvey secured just under £1.1million from the sale of Unit 6D at Rosemount Business Park in Ballycoolin, Dublin 15. The property is believed to have been acquired by Dublin car dealership Westbrook Motors, with the unit’s expansive yard space being of particular interest to the new owner.Read More →

Major car dealership groups tout their digital retailing processes and prowess, but many of them only rank moderately in a Pied Piper mystery shopping survey. The consultancy’s Internet Leads Effectiveness Study primarily measures how quickly mega-retailer stores respond to a specific question sent through their websites. The auto-response didn’t count.Read More →

This photo shows a used car market in Zhengzhou, Henan province, Sept. 3, 2021. [Photo/IC] BEIJING — China’s used-car sector continued its upward trend in August, recording monthly sales growth from July despite disruptions from hot and rainy weather and resurgences of COVID-19 in parts of the country. , industryRead More →

ISTANBUL The government is preparing to impose heavy fines of up to 300,000 Turkish liras ($16,400) on those who break a recent regulation that introduced some restrictions on the sale of used cars. class=”cf”> Under the new rules, those who engage in the used car trade will not be ableRead More →

Hatchbacks and affordable non-electric motorcycles and scooters are expected to record bumper sales in the coming months as India prepares to celebrate its first “normal” festive season after a two-year hiatus. An “above normal” monsoon, positive consumer sentiment and generally upbeat mood are also expected to boost entry-level vehicle sales.Read More →

The auto industry gradually picked up speed ahead of the holiday season. Car sales in India recorded a growth of 26.4% with 3,28,079 unit sales in August 2022 compared to 2,59,555 unit sales in the same period last year. The top spot was retained by Maruti Suzuki, while Hyundai securedRead More →

Sales of electric cars are increasing in the country. In August, Tata Motors led the segment in terms of sales. Mahindra & Mahindra tried to increase its presence in electric cars but with little success. Total sales for this segment amounted to 3,237 units in August. This is an increaseRead More →

With festival season coming and semiconductor shortages improving, automakers expect vehicles to be delivered on time, so customers can pick up deliveries on “auspicious” days. . According to the original equipment manufacturers (OEMs or car manufacturers) and their dealers, the Ganesh Chaturthi this year did not give them many numbersRead More →

Munich. A first in the automotive industry, the models of the NEUE KLASSE to be launched from 2025 will include plastic trim elements whose raw material contains around 30% recycled fishing nets and ropes. This raw material is proactively sourced from ports around the world to ensure it does notRead More →

China’s new passenger vehicle sales continued to rebound strongly in August 2022, up 29% year-on-year to 1.87 million units from low levels a year earlier, retail data shows. released by China Passenger Car Association report. Last month, the market benefited from the significant pent-up demand that resulted from the widespreadRead More →

These automakers are entering the NFT space. Last year, a Tesla Model X miniature car signed Elon Musk was struck as a non-fungible token (NFT) and auctioned on OpenSea. The auction didn’t turn out to be very successful (probably because it wasn’t an official release made by Tesla), but itRead More →

China’s new passenger vehicle market grew for the third consecutive month in August in an extended rebound, the China Automobile Dealers Association said Thursday. Retail sales of new sedans, crossovers, SUVs and multi-purpose vehicles across the sector jumped 29% year-on-year to 1.87 million last month, according to the trade group’sRead More →

IT MIGHT be somewhat removed from the automotive space, but the fact remains that electricity, its production and its use occupy a prominent place in a world towards which we are rapidly moving. Combined with other forms of new power generation systems, fuel cells produce electricity from hydrogen through anRead More →

David Borland, EY UK & Ireland Automotive Leader, comments on the SMMT new car registration figures for August 2022: “The trilemma of financial, energy and supply chain pressures continues to impact all sectors, with automotive at the center of the storm. showed some green sprouts with a 1.2% increase fromRead More →

Aside from STANDARDIZED EV charging sockets, significant progress is being made in providing facilities for EV owners to charge their vehicles. Commercial charging stations of various types and in various situations are beginning to appear primarily in major cities and adjacent suburbs with deployment expected to continue as government andRead More →

Trains and buses to taxis are full again as the pandemic wanes, but that hasn’t dampened used car sales. “The easing of Covid-related restrictions has had a strong positive impact on the demand for used cars,” Ashutosh Pandey, managing director and chief executive of used-car retailer Mahindra First Choice Wheels,Read More →