Lyna mohamed The local auto industry has been hit by the sudden drop in sales since the second wave of COVID-19. A local car dealership said the second wave caused sales to drop in August and September. Several sales advisers also shared the same sentiment, saying their sales started toRead More →
The business model of car sales is changing, with manufacturers embracing the direct-to-consumer selling trend (also known as the agency model) seen by a wide variety of industries as people seek to simplify the process. purchase. This is a radical change for vehicle manufacturers. It is also complicated to navigateRead More →
Auto industry bemoans lack of budget support as UK auto production falls for third consecutive month and September production is lowest since 1982 Some 67,169 cars rolled off UK production lines last month, according to recently released data Productions were down 41.5% from a year ago and lowest in SeptemberRead More →
DENVER — Car sales in Colorado continue their recovery from the pandemic year of 2020 with sales in the first nine months of 2021 up 18.5% from the same period a year earlier. The Colorado Automobile Dealers Association, which tracks vehicle sales, said auto sales in the state were slightlyRead More →
Sales to rental car fleets have sometimes been viewed as a liability of automakers. Elon Musk defies this stigma, with Tesla Inc. TSLA 13.53% agreement to supply cars to Hertz Global Holdings Inc. electric signal vehicles are ready for the masses. Tesla has added about $ 109 billion to itsRead More →
ALBUQUERQUE, NM (KRQE) – This is a problem that can arise anywhere there is vacant land. Some residents of northwest Albuquerque said they were fed up with a popular roadside lot used to sell used cars right next to their homes. Residents claim it attracts crime, vandalism and unwanted trafficRead More →
Loading “I know some say we’re going too fast,” Johnson said. “And I tell them first that there is a stronger force than the government. And in fact a stronger force than business. And that force is consumer choice. This force is the market. And the market is turning green.Read More →
Even before the pandemic, 2020 was still going to be an uncertain year for the Canadian auto industry. The Big 3 automakers – General Motors, Ford and Chrysler (now known as Stellantis) – were to negotiate multi-year labor agreements with their major unions, after previous agreements with their workers expired.Read More →
“It is expected that the current magnesium stocks in Germany and respectively throughout Europe will be exhausted by the end of November 2021,” the letter states. Magnesium is used for a range of products, particularly aluminum alloys, which are used in several automotive parts, from gearboxes and steering columns toRead More →
Photo: Getty Images (Getty Images) You’ve probably bought a car from a dealership before, or maybe you’re lucky not to. The pre-pandemic process consisted of something like 90% awkward small talk with a salesperson and then 10% signing a bunch of forms with someone in finance who actually seemed toRead More →
The recent surge in gas prices has accentuated the higher energy costs that UK carmakers face compared to some European rivals and threatens to deter potential investors as the industry shifts to electric vehicles, the chief warned. automotive trade body. Mike Hawes, managing director of the Society of Motor ManufacturersRead More →
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LEXINGTON, Ky. (WKYT) – The automotive industry faces unique challenges. A shortage of microchips is slowing new car production and fueling used car sales. Today, Commonwealth dealerships are struggling with high demand and low supply. “We were criticized,” describes Shannon Jones. Jones works for Don Franklin Auto Mall on RichmondRead More →
JACKSONVILLE, Florida, October 7, 2021 / PRNewswire / – Advanced Business Computers of America, Inc. (ABCoA) creates comprehensive software solutions for used car dealers and venture finance companies. With a mission to create an all-in-one BHPH ecosystem, with end-to-end visibility of all business operations, ABCoA adds cyclCRM. cyclCRM is theRead More →
The industry’s overall decline comes after revised growth of 6.8% in July. Analysts polled by Reuters had expected production to rise 2.6% in August. PRAGUE: Czech industrial production fell 1.4% year-on-year in August, sliding for the first time since February as global chip shortages slashed auto production. Signs point toRead More →
South Africa’s largest metalworkers’ union is calling for an indefinite strike after wage talks with employers’ organizations failed. South Africa’s largest metalworkers’ union has launched an indefinite strike, demanding wage increases and threatening to block the supply of spare parts to make new cars and accessories, industry and union officialsRead More →
Imagine driving down the autobahn in Germany when your on-board diagnostics system notices your oil level is low or your tail light is off, and wasting no time, it automatically schedules an appointment with your favorite shop for the repair. It may sound fictitious, but it’s at the heart ofRead More →
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Tesla electric cars are seen in the dealer showroom in Oslo, Norway March 28, 2019. REUTERS/Lefteris Karagiannopoulos Join now for FREE unlimited access to Reuters.com Register 77.5% of new cars sold in September were purely electric Tesla has taken more than 30% of the Norwegian car market The pending luxuryRead More →
A coalition of groups that support the increased use of electric vehicles is making a sales pitch to residents of northern Minnesota this week with public events in Bemidji, Roseau and Duluth. More than 150 people came to Roseau, expressing curiosity and some skepticism. People were waiting to test driveRead More →