Raids on aftermarket auto parts sellers by the Environmental Protection Agency for evidence of emissions violations are hurting the classic auto industry, says Sen. Jim Lankford. Lankford, a Republican from Oklahoma and member of the Energy and Natural Resources Committee, told the Washington Examiner he recently looked at bipartisan legislationRead More →
the Pakistan Automobile Manufacturers Association (PAMA) revealed sales figures for the local automotive industry. In the outgoing fiscal year 2021 (FY21), the local auto industry grew by 62% on an annual basis (YoY) to 181,397 units from 111,965 units the previous year. The reason for the outstanding performance of theRead More →
MADRID — The Spanish government will invest 4.3 billion euros ($5.1 billion) from its share of European pandemic recovery funds to revamp its auto industry and steer it towards manufacturing electric vehicles and their components, the Prime Minister announced on Monday. Pedro Sánchez said the investment will be “a realRead More →
Transportation costs are rising in the wholesale used car industry for a variety of reasons, including a shortage of drivers, a shortage of haul trucks, and a sharp increase in the average distance used vehicles must travel after a sale, according to Mannheim. . “Low carrier supply is driving upRead More →
For anyone who thinks cars are now all electric (or at least hybrid), I have news for you. Well, some statistics – to be more specific. Even though electric car sales are growing and growing rapidly, the fact is that they are not the best selling cars in the IrishRead More →
The UK car industry continued its weak post-pandemic recovery in June with sales well below pre-Covid-19 levels as the continued popularity of electric vehicles provided a rare bright spot. Battery electric car sales more than doubled year-on-year to 19,800 in June, accounting for 10.7% of sales. Tesla’s battery-electric Model 3,Read More →