Exports accounted for 60% of vehicle production in South Africa last year. Since the formulation of the Automotive Industry Development Plan (MIDP) in the 1990s, the South African automotive manufacturing industry has moved from its apartheid-era protectionist model which saw it produce many different variants at low volume, to aRead More →
ATLANTA (CBS46) — Auto dealers are bracing for lean months as computer chip shortages cause supply nightmares thanks to the pandemic. “We expect July and August, and June, to be three of the toughest months,” said Peter Kusminsky, Audi Atlanta sales manager. “On the (Audi) Q3 front, we hope toRead More →
GREAT FALLS – A global chip shortage has driven up the price of buying a new car, but how is that affecting the used car industry? During the coronavirus pandemic, the demand for electronic goods has increased dramatically. This demand has caused a worldwide shortage of chips, which has affectedRead More →
Pat Goldwait, general manager of Joe Myers Ford in Jersey Village, holds his breath for what’s next. “We’ve had the pandemic, the frost, the flea shortage, if the locusts come I’m going to put lamb’s blood over my door,” Goldwait said of the almost biblical challenges his dealership and lRead More →
New car manufacturing slowed, driving up used car prices. CALIFORNIA, USA — A shortage of computer chips due to the coronavirus pandemic has caused problems in many industries, one of the most visible being automotive manufacturing. You may be surprised to learn that new cars use computer chips. A carRead More →
Used car sales are expected to grow at a CAGR of 10% by 2024, as estimated by SIAM. The Indian used car industry is divided into organized, semi-organized, unorganized and customer to customer segments. Through HT automatic office | Updated: 10 May 2021, 10:51 With the second wave of Covid-19Read More →
RALEIGH, NC (WNCN) — If you’re looking for a car, you might find that there are few new ones, causing used car prices to skyrocket. There’s more than just an engine inside your vehicle – it’s literally a computer on wheels. And that creates problems for buyers and sellers. “WeRead More →