This scene at car dealerships is very common. Justin Sullivan/Getty Images What automakers hoped would be a temporary setback just isn’t happening. According to a Friday Bloomberg report, Japan’s leading semiconductor chip supplier Rohm said it expects chip shortages throughout next year. It’s not that the company can’t manufacture chipsRead More →
German technology and engineering group Bosch, which is the world’s largest auto parts supplier, says the automotive industry’s semiconductor supply chains are no longer fit for purpose amid global shortages of fleas raged. Bosch board member Harald Kroeger told CNBC’s Annette Weisbach in an exclusive interview Monday that supply chainsRead More →
Main findings A disadvantage for used cars is the 7% VAT which is added to the invoice if the customer buys from a used car showroom or dealership, or uses a loan to finance the purchase. Consumers are moving away from traditional methods and are increasingly using online platforms forRead More →
Advertising After competing on high speed train, China and Japan are increasingly competing in the booming Indonesian automotive market. Last week it was reported The Chinese company Chery Automobile Co. Ltd. announced that she ready to return to indonesia this year, after a failed attempt to break into the marketRead More →
CARY, North Carolina – At least seven companies that operate in the used vehicle industry were included among the Inc. 5000; the prestigious annual ranking of the fastest growing private companies in the country. Two of the highlighted companies provide vehicle transportation services, as the list included ACERTUS and MontwayRead More →
The auto industry is pushing against a proposal that would force auto giants to negotiate with dealers through binding arbitration before closing showrooms in Australia. See 8 pictures Following Holden’s shock departure, the federal government last month introduced new laws to ensure dealers and car buyers are not left behind.Read More →
The Society of Motor Manufacturers and Traders has called on the government to provide a dedicated ‘Build Back Better’ fund for the UK motor industry, supporting its transformation and recovery from the pandemic. Noting that the industry contributes £15 billion a year to the national economy, employs around 180,000 peopleRead More →