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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 →

GRAND RAPIDS, Mich. (WOOD) — A tip via Silent Observer led investigators to two suspects after five cars were stolen from a dealership, Kent County officials say. The two 17-year-olds from Plainfield Township were arrested over the weekend, the Kent County Sheriff’s Department announced Monday. Separately, a 17-year-old from GrandRead More →

ON A technicality, new laws coming into force in Australia on July 1 could delay the implementation of so-called “locked-down” Electronic Control Units (ECUs), but changes to US regulations will be difficult to circumvent and will likely have repercussions effect. The Australian Competition and Consumer Commission (ACCC) has been pushingRead More →

BOSCH announced this week that it had acquired Melbourne-based MoTeC (Motorsports Technology) for an undisclosed sum. The acquisition agreements were signed by Bosch and the MoTeC Group this month and are currently subject to merger control approval. Bosch says that in terms of organisation, MoTeC – headquartered in Croydon, VictoriaRead More →

Breadcrumb Links Transportation New Cars Policaro says the key to his company’s success is simple: respect everyone Francesco Policaro, General Manager of the Policaro Group. Photo by courtesy Policaro Group Content of the article While most teenagers were chasing a soccer ball or their first kiss, Francesco Policaro started chasingRead More →

Sales of electric vehicles in Australia have almost tripled. According to Vivien Griffin, coordinator of Noosa EV Expo, it seems increasingly that the tipping point for electric car sales has been reached in Australia. “Between 2020 and 2021, electric vehicle sales in Australia nearly tripled from 6,900 to 20,665, andRead More →

ReportLinker ResearchInChina has released the “Global and Chinese Flying Car Industry Research Report 2022”. A flying car is a three-dimensional vehicle. Generally speaking, it is a low-altitude intelligent autonomous transport tool carrying goods or people, namely the electric vertical take-off. and landing (eVTOL). New York, June 17, 2022 (GLOBE NEWSWIRE)Read More →

UNITED STATES – Byrider Franchise offers different types of support services to help their franchisees start and manage their dealerships in the country. Franchisees can expect support in the form of training, access to an established proprietary sales CRM, branding and marketing, invitations to helpful meetings and conventions, and low-trafficRead More →

Used car dealership group Motorpoint has more than doubled its year-on-year profits, bringing them back to levels not seen before the pandemic. The independent car retailer’s pre-tax profit reached £21.5million in the financial year to March 31, 2022, from £9.7million the previous year when trading was hit by the lockdownsRead More →

Tuesday, June 14, 2022 12:11 PM An electric vehicle being charged Automotive groups have criticized the government’s decision to remove subsidies for newly purchased electric vehicles (EVs), fearing it will deter buyers from entering the market. In a shocking blow to the car industry, the Department for Transport (DfT) hasRead More →

According to RBC Capital Markets, the May US light-vehicle seasonally adjusted annualized rate (SAAR) of sales came in at 12.80 million vehicles, 4.5% below its forecast and down 12.3% from April due to low inventories amid a persistent shortage of semiconductors and record high vehicle prices. Intensified supply chain disruptionsRead More →

Growing your dealership’s audience is no easy task in today’s ultra-competitive marketplace. In addition to the traditional competition between established brands in dense metropolitan areas, the new competition is hotter than ever. Established stores have to battle not just with other brands, but also with direct-to-consumer companies like Tesla andRead More →

“Good artists borrow, great artists steal” – Pablo Picasso. In 1896, Ford manufactured its first car and its most lucrative flight. While the manufacture of the quadricycle was a major feat, it came 11 years after two Germans – Gottlieb Daimler and Karl Benz – developed the first gasoline-powered automobile.Read More →

German car sales took another hit in May, official figures showed on Wednesday, as Russia’s invasion of Ukraine and tight supply chains added to the industry’s woes. New registrations in Europe’s biggest economy fell 10.2% year-on-year to just over 207,000 cars, the Federal Transport Authority (KBA) said in a statement.Read More →

The South African new vehicle industry continued to show resilience in May in the face of increasingly difficult market conditions. With fuel prices rising overnight to record highs, a substantial 0.5% increase in prime interest rates during the month and the latest wave of flooding in KwaZulu Natal (KZN), NewRead More →

South Africa is such a strange place. Five partial municipal elections were held on Wednesday, two of which were made necessary because the former public representative was violently killed. There is mass unemployment, load shedding, flooding and the usual setbacks that we talk about every day. And during this lastRead More →

FOUNTAIN VALLEY, Calif., June 1, 2022 – Hyundai Motor America reported May retail sales of 59,432 units, down 30% from May 2021. May was a record month for Santa Cruz retail sales. Hyundai had no fleet sales in May 2022. “There continues to be tremendous consumer demand for Hyundai vehicles,Read More →

Car dealerships play an important role in the car purchase (Where sale), so it is crucial that you choose a trusted car dealership to avoid scams and other mishaps. The reality of scams and shady deals is unfortunately very real, with scammers often using trustmarks to lure their victims. HowRead More →