Pat Goldwait, general manager of Joe Myers Ford in Jersey Village, holds his breath for what’s next. “We’ve had the pandemic, the frost, the flea shortage, if the locusts come I’m going to put lamb’s blood over my door,” Goldwait said of the almost biblical challenges his dealership and lRead More →
Used car sales are expected to grow at a CAGR of 10% by 2024, as estimated by SIAM. The Indian used car industry is divided into organized, semi-organized, unorganized and customer to customer segments. Through HT automatic office | Updated: 10 May 2021, 10:51 With the second wave of Covid-19Read More →
RALEIGH, NC (WNCN) — If you’re looking for a car, you might find that there are few new ones, causing used car prices to skyrocket. There’s more than just an engine inside your vehicle – it’s literally a computer on wheels. And that creates problems for buyers and sellers. “WeRead More →
The boss of Seat, Spain’s only major automaker, has called on EU and national authorities to approve aid for a new €3-4 billion battery cell factory by summer, or risk the future of the country’s auto industry. Wayne Griffiths, chairman of the Volkswagen subsidiary, said firm commitments from Spain andRead More →
There are some surprisingly decent April Fool’s Day gags from the auto industry this year and one that backfired spectacularly Yes, it’s that time of year again, when we collectively groan at various attempts at big business hilarity. As always, plenty of auto companies are on board, but for onceRead More →
Motor industry bosses have expressed ‘deep disappointment’ with Boris Johnson’s roadmap out of lockdown after it was revealed car showrooms will be forced to keep their doors locked until ‘until at least mid-April – meaning customers won’t be able to browse dealerships during the busiest month of the year. MarchRead More →
Bustling factories closed, workers idled at home, gleaming new vehicles parked in vacant lots. Now it’s business as usual. “In April, we were expecting a complete collapse of the auto sector,” Rory Carroll, Jalopnik’s editor, told ABC News. “It really hasn’t been. I’m very surprised at the demand for cars.”Read More →
New vehicle sales in South Africa recorded their best post-lockdown performance in November, giving positive signs of a slow rehabilitation of the country’s auto industry, notes lender WesBank. In an overall market – down 30.6% year-to-date – November’s sales performance of 39,315 units shows signs of picking up consumer demandRead More →
CARY, North Carolina – In the sixth year of Automatic remarketing annual Remarketing & Used-Car Industry’s 40 Under 40, you’ll find current and next-generation leaders in the business who are making a big difference in the industry – and in their respective businesses. Automatic remarketing is honored and delighted toRead More →
Artwork by Elias Stein Text size Are those green shoots on the highway? US car sales fared better in May than expected. Auto sales at a seasonally adjusted annualized rate, or SAAR, reached 12.2 million units, down 29% year-on-year but above 11.1 million forecasters predicted. In April, automotive SAAR crashedRead More →
The bleak outlook facing Britain’s car industry was underscored by another 2,000 job losses and the worst car sales in May since 1952. Only 20,000 new cars were registered in May compared to 184,000 in the same month in 2019, the Society of Motor Manufacturers and Traders said. Just overRead More →
You’ve probably seen the TV commercials of those huge vending machines that contain automobiles instead of snacks and drinks. These belong to carvana (NYSE: CVNA), a new breed of used-car retailer that wants to “change the way people buy cars.” The whole process is extremely simple and stress-free. Customers canRead More →
MEXICO CITY — Mexico could start opening some auto factories from May 18 under a government plan unveiled Wednesday that eases coronavirus restrictions and paves the way for U.S. auto giants to ramp up production in depending on the parts made south of the border. According to a roadmap presentedRead More →
The coronavirus, which started in Wuhan, China, has shut down factories. Car sales in China fell 92% in the first half of February. The impacts are felt around the world, as shortages affect production. As Chinese companies attempt to restart operations after the recent nationwide shutdown in an attempt toRead More →