Mark LaNeve, president of Franchise Equity Partners, agrees, saying that as business normalizes, more sellers will enter the market. Earnings in 2021 and 2022 gave dealers pause, LaNeve said. “You make five or six times what you made two years ago, this year alone, why would you want to sell?”Read More →

Sales of hydrogen fuel cell cars, a zero-emissions alternative to battery-electric cars, remain weak with little chance of significant growth. According to California Fuel Cell PartnershipAccording to data from , during the third quarter of 2022, only 153 hydrogen fuel cell cars (aka FCV or FCEV) were sold in theRead More →

Rishi Sunak must provide a “clear and compelling” growth strategy, according to an automotive trade body. The SMMT welcomed Sunak’s appointment as the new prime minister and congratulated him on his appointment. But the auto trade body joined other business leaders in calling for an end to recent “political andRead More →

An example of a fake website reflecting an Iowa dealership. The Consumer Protection Division of the Iowa Attorney General’s Office reports an increase in complaints about bogus car dealerships appearing online. Ashley Kieler, a spokeswoman for the AG office, says scammers create sophisticated websites that mirror legitimate dealerships and lureRead More →

The auto industry is kind of a weird place. Due to supply chain issues, getting your new vehicle can sometimes take months. On the plus side, for dealers, vehicles often don’t stay in the lot for long. It’s kind of like how the housing market was until a few monthsRead More →

As the December 2022 deadline approaches for implementing the latest safeguard rule changes, 2Secure Corp is introducing a comprehensive FTC compliance service for New Jersey auto dealerships. Ocean Township, New Jersey–(Newsfile Corp. – Oct. 23, 2022) – Following May 2022 Safeguard Rule guidance issued by the Federal Trade Commission (FTC),Read More →

A used car dealership whose boss was convicted of fraud earlier this year has been ‘devastated’ by a fire. Five fire crews from Wiltshire and Gloucestershire tackled the blaze at Hyams Autos in Malmesbury early yesterday and an investigation into the cause is continuing. Dorset & Wiltshire Fire and RescueRead More →

(MENAFN-Panama Newsroom) Sales of new cars will exceed 5,000 units in October, boosted by sales during the “October Motor Fest” organized by the Automobile Dealers Association of Panama (Adap). Bogdan Batinovich, president of the automobile union, indicated that generally, the shows organized by Adap have an impact of moreRead More →

This article comes to us courtesy of EVANNEX, which manufactures and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily ours at InsideEVs, nor have we been paid by EVANNEX to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting andRead More →

New Delhi: Rebounding from two years of the pandemic, car dealers are expecting a bumper sale of two- and four-wheelers during the auspicious Dhanteras this year. Dealers are expecting a rush of autos in all categories. Federation of Automobile Dealers Associations (FADA) Chairman Manish Raj Singhania said dealers are sittingRead More →

HONG KONG, Oct 20 (Reuters Breakingviews) – Automakers are reaching China’s growth limit. The industry achieved four consecutive months of double-digit growth in September, when shipments reached 2.3 million, up 33% from a year earlier, according to the China Association of Automobile Manufacturers. But temporary government incentives have greased sales,Read More →

Reuters Reuters HONG KONG (Reuters Breakingviews) – Automakers are hitting China’s growth limit. The industry achieved four consecutive months of double-digit growth in September, when shipments reached 2.3 million, up 33% from a year earlier, according to the China Association of Automobile Manufacturers. But temporary government incentives have greased sales,Read More →

The electric vehicle revolution will be subsidized. China has been there for more than a decade, encouraging purchases, supporting local production battery manufacturers and prevent foreign companies from competing. Europe has followed suit with generous aid for both consumers and businesses. Now that electrification has taken hold globally and there’sRead More →

Cars on Pennsylvania Avenue in Washington, DC by angela n. licensed Creative Commons. Anemic progress on self-driving cars. The anthropologist questions our way of thinking about housing. The benefits of reinventing parking spaces. Anemic progress on self-driving cars: Even after $100 billion in investment and six years of passenger transport,Read More →

Published: 08:15 14 October 2022 Despite appearances to the contrary, the British economy is not a big pessimistic picture. This week, the Office for National Statistics (ONS) announced that unemployment had fallen to its lowest level since 1974, while the number of vacancies remains well above one million. Between JuneRead More →

WHEN British comedian Rowan Atkinson’s car hit a tree and a stop sign and burst into flames in England in 2011, it was an unfunny AU$1.6million moment that brought skyrocketing costs to light vehicle repair – not just for exotic cars like his McLaren, but for cars driven by youRead More →

The “VFACTS” report from the Federal Chamber of Automotive Industries (FCAI) indicates that 95,652 new cars were sold in December. This is on top of November’s rebound of 12.4%, but calendar year 2020 was still down 13.7% from 2019. SUVs continued to dominate in 2020, claiming 49.6% market share, whichRead More →

Indy Auto Man experts explain how digitization has changed the used car market. The US used car market is moving into the digital dimension and offers the ability to buy and even sell vehicles remotely in all states. The experts at Indy Auto Man tell you how it works. “FacilitatingRead More →

The Federation of Automobile Dealers Associations (FADA) has released Car Retail Sales. FADA Chairman Manish Raj Singhania said the PV segment grew by 10% year-on-year, compared to 44% growth from September 2019 (pre-Covid month). Improved availability, new launches and feature-rich vehicles, coupled with the ease of semiconductor sourcing, have keptRead More →

NOVI, Mich. – A Oakland County ‘Vehicle vending machine’ dealership had its license suspended after employees destroyed documents, odometer records were not kept and investigators found more than 100 customer title delays and breaches probation, according to state officials. The Michigan Department of State investigated the Carvana dealership on AdellRead More →

DESPITE a commitment to produce only fully electric vehicles by 2030, Volvo and, by implication, owner Zhejiang Geely Holdings Group, are offering advice to automakers who still plan to produce internal combustion engines during this decade and maybe the next. The irony of a company aiming to capitalize on sustainabilityRead More →

Car sales at levels usually seen in a recession. Dr. Bill Conerly based on data from the US Bureau of Economic Analysis Car sales remain weak, at levels typically seen only during a recession. Rising interest rates are spooking auto industry investors, but volume will likely increase in coming yearsRead More →

AS WE prepare to watch the Holden Lion’s last big race this weekend, celebrations on and off the track will commemorate Peter Brock’s first victory some 50 years ago, as well as Craig Lowndes’ 300th birthday.e Starting the supercar. The news, sad to so many die-hard Holden fans Down Under,Read More →

[Stay on top of transportation news: Get TTNews in your inbox.] General Motors Co. made strong sales gains in the third quarter in a sign the semiconductor shortage is easing, but relief could come for automakers just as consumers are squeezed by rising rates of interest and concerns about theRead More →

Real estate listings don’t even have that many pictures Anchorage, Alaska-based car dealership United Auto Sales finds out the hard way that it might need to ground its job requirements for a potential automotive photographer. After posting about the job earlier last week, the post received a lot of negativeRead More →