US Bank is piloting a new real-time payment app, working with car sales company Lithia Motors to give consumers a faster way to sell their used cars from the driveway of their home, the companies said in a press release last month. It is the bank’s offering to advance itsRead More →
NO VACATION : More shopping days and demand for vehicles from Ford Motor Co, Honda Motor Co and Tesla Inc helped spark the monthly rebound, U-Car.com said. By Chen Cheng-hui / Staff Reporter New-vehicle sales last month fell 8.7% year-on-year to 39,442 units as chip shortages continued to hamper vehicleRead More →
Published: 01:39 PM April 3, 2022 Watchdogs are to launch a crackdown to check the safety of used cars sold by dealers in Norfolk, after a wave of complaints. Norfolk County Council’s trading standards officers are to launch an initiative called Operation Jumpstart. It comes amid growing complaints about usedRead More →
Demand remains good for OEMs, the problem is long waiting times and on-time deliveries to consumers. New Delhi: The last month of the 2021-22 financial year ended on a happy note, but not for all players in the sector. Helped by easing supply chains, auto wholesale trade in March mirroredRead More →
New car sales in Japan fell for the third consecutive year in fiscal 2021, down 9.5% from a year earlier, as production slowed due to shortages of semi- conductors and other components amid the coronavirus pandemic, industry bodies said Friday. A total of 4,215,826 cars were sold in the yearRead More →
California officials back legislation that would give enlisted service members a 30-day cooling-off period when buying or leasing vehicles SACRAMENTO, Calif. — Enlisted service members would receive an automatic 30-day cooling-off period in California when purchasing or leasing vehicles, under a proposal backed Tuesday by the state attorney general andRead More →
SACRAMENTO, Calif. (AP) — Enlisted service members would receive an automatic 30-day cooling-off period in California when buying or leasing vehicles, under a proposal backed Tuesday by the state’s attorney general and chief of the State Senate. They argued that these people are often the target of predatory auto salesRead More →
With petrol prices in many states across the country topping Rs 100 a liter, sales of entry-level cars could suffer and customers could put off buying these models, dealers and industry experts say. automobile industry. State Petroleum Marketing Companies (OMC) raised petrol and diesel prices after 137 days on MarchRead More →
Car prices have hit record highs lately, both new and used, as the law of supply and demand has played out with parts shortages weighing on car sales figures. production. These factors have combined into a perfect storm, the number of new vehicle sales should now reach new lows inRead More →
WITH inflation hitting the economy, American drivers have seen the cost of used cars skyrocket. If your car rental is coming to an end soon, here are some ways to save money and earn money. 2 The car shortage has driven up used car prices, so now might be theRead More →
Economy Car sales defy Covid-fueled price spike to rise 14% Friday, March 25, 2022 Used cars being unloaded from a freighter at the Port of Mombasa. FILE PHOTO | NMG By JOHN MUTUAMore from this author Summary Data from the Kenya National Bureau of Statistics (KNBS) shows that the numberRead More →
If you are looking for a new car, consider the waiting time. COLUMBUS, Ohio — A Columbus-area automotive group is seeing more vehicles on its grounds now than in the past year and a half due to semiconductor shortages. “A Ford F-150 has over 1,700 of them, so it’s notRead More →
Polestar is catching up with Tesla in a global ranking of automakers’ online sales performance. A new study from Bearingpoint has tracked and assessed the current state of online new car sales in China, Europe and the United States. Tesla dominates, but others are closing in. Christoph Landgrebe, Partner atRead More →
AMSTERDAM–(BUSINESS WIRE)– Management and technology consultancy BearingPoint’s latest study on the state of online new car sales assesses the online sales performance of major OEMs and identifies areas where they need to improve to catch up with Tesla and differentiate. Online new car stores are popping up in all majorRead More →
Dubai: Fashion and car sales could emerge as big winners from upcoming Ramadan promotions launched in early April, as hypermarket retailers brace for the biggest surge in demand for groceries and daily needs from next week itself. “This will be the first post-Covid Ramadan, and that in itself is aRead More →
Certified Pre-Owned (CPO) car sales in February hit 191,860 units, according to Cox Automotive, which says the total is up 15.3% from January’s 166,309, but down nearly down 8.5% from February 2021. The February CPO result is the highest since October 2021 and breaks a six-month downtrend. CPO sales haveRead More →
The average used car in America sold for $27,608 in February. That means used car prices are still down from the rocket ride of 2021. But not by much. That’s just $25 down from the January average price. Shortages still affect the market Many of the factors that drove pricesRead More →
Washington State is again looking to end sales of new internal combustion cars and trucks by 2030. The state legislature passed what began as HB 1204 and SB 5256, collectively known as Clean Cars 2030 and placed in the state’s Transportation Supplementary Budget, on March 11. The legislation would shiftRead More →
Car sales platform BuyaCar faces an uncertain future as sources have told AM that its owners are considering shutting down the business. The company responded that it was changing BuyaCar’s business model and the roles risked being redundant. BuyaCar was launched in the early 2000s to drive dealership used carRead More →
Companies Toyota is now moving into the trade-in business to boost new car sales Tuesday, March 15, 2022 Toyota Showroom along the Uhuru highway in Nairobi on September 15, 2019. NMG PHOTO By Bonface OtienoMore from this author Summary Toyota Kenya Limited has changed its name to Cooperation for AfricaRead More →
Reuters TOYOTA MOTOR Philippines Corp. (TMP) has sold more than two million vehicles since it began operations in 1988, he said over the weekend to announce a key milestone for the automaker. “Surpassing the two million mark would not be possible without the support of our loyal Toyota and LexusRead More →
The year 2021 has been a year most consumers would rather forget due to soaring prices. Car buying, in general, has been choppy for both the used and new vehicle markets. With low inventory, it was hard to get a good deal. So how have car sales evolved since theRead More →
As the trend of buying cars online grows, the continued presence of physical retailers will always play a crucial role. That’s the view of Polestar UK CEO Jonathan Goodman at today’s Autocar Business seminar on the car sales agency model. Goodman said: “The automotive sector is going to move online.Read More →
Car dealerships tell daily news rising gasoline prices have not affected their sales at this stage. Despite record gasoline prices, people have yet to start trading in their gas guzzlers. Local dealers said there are many other things affecting the market right now and they don’t expect gas prices toRead More →
IDAHO FALLS, Idaho (KIFI) — Although only 3.2 percent of all passenger vehicles are electric, several dealerships are pouring a lot of money and effort into the growing business. According to them, sales and production have increased significantly over the past year. These car manufacturers are moving forward with electricRead More →
Business confidence rose in the first quarter of 2022, from an unchanged 43 points in the fourth quarter to 46, almost at the neutral level of 50 in the second half of last year. New vehicle dealers, wholesale trade and manufacturing all showed improvement. According to the RMB/BER Business ConfidenceRead More →
TYLER, Texas (KETK) — With gas prices soaring nationwide, many people across the country are turning to hybrid cars to save money. In East Texas, this is not the case. At J&L Auto Sales, Jimmy Brown said he hasn’t seen strong demand for hybrid cars because Texas residents travel aRead More →
Take into account the UN climate alert report The latest report from the United Nations Intergovernmental Panel on Climate Change is conclusive and terrifying: climate change from the burning of fossil fuels is a current threat [“UN report: Without action, extreme weather to worsen,” News, March 1]. Parts of theRead More →
Sales of ELECTRIC cars doubled in February nationwide, despite a 12% drop in new car registrations. icklow is also bucking national trends in new car registrations. While car sales fell 12% nationally, they rose in Wicklow by 10.86%, with 946 new car registrations from January to February this year, comparedRead More →
The electric car market is emerging as the newest real estate market in the Bay Area, with people offering thousands of dollars over the asking price right now as gas prices rise. The low inventory also has a lot to do with it. Tony Behari of San Mateo Auto SalesRead More →
SALES of new cars in the north remain down a quarter from pre-pandemic levels as a global shortage of computer chips limits supply. The Society of Motor Manufacturers and Traders (SMMT) said 2,713 new cars were registered in February. That’s just 2% more than the same month last year, whenRead More →
New car sales in February were up 15% from a year ago, although registrations are still a quarter below pre-pandemic levels as semiconductor shortages continue to escalate. strangle vehicle production and availability. A total of 58,994 new cars hit UK roads last month, up 7,682 from February 2021 – despiteRead More →
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Waco’s economy had so many bright spots in January that Karr Ingham, the West Texas numbers expert, may have had some nuance when preparing his monthly Greater Waco Economic Index which reveals a record start for 2022. Vehicle sales and non-residential building permits did not join the party, both ofRead More →
The Petal Board of Aldermen has agreed to file an application from Jimmie Dale Odom – one of Forrest County’s most prominent landowners – to allow conditional use for used car sales on his property at 405 West Central Ave in Petal. With the decision, which was taken by aRead More →
Publication date: 03/03/2022 Sales of hybrid vehicles have already more than doubled those of diesel cars in the Region of Murcia After two devastating years at the hands of the pandemic, car dealers in the Region of Murcia have had an encouraging start to the year, with overall sales inRead More →
2022 is off to a good start for the automotive sector. According to a report by carmag.co.za, the sale of new cars in February increased by 18% compared to the same period last year. “Despite the traditionally short month of February and in the face of rising interest rates andRead More →
I don’t know what kind of car was your first, or maybe you don’t have one or want one.But for most of us, it’s usually a drummer. Something inexpensive, just to get us moving. Sometimes it can be a special gift for parents or something your grandma used to lugRead More →
MG Motor UK has told its franchise car dealers to stop taking orders for new petrol vehicles after ‘unprecedented demand’ saw it meet its 2022 sales quota by the end of February. In a communication sent to retailers this morning, the brand’s commercial director, Guy Pigounakis, revealed that the brandRead More →
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DOTHAN, Ala. (WTVY) – When you go to a dealership, you’re usually looking to trade in your car for something new, and with the lack of new vehicles, used car inventory is also drying up. Forcing dealers to get a little creative. “We can go out and confidently try toRead More →
There has certainly never been a more unusual time to sell a car. Global chip shortages mean many new cars are out of stock, while the ripple effect of increased demand for used cars means it’s hard to get the right stock. And then there’s Covid, which has forced theRead More →
California is officially the first US state where cumulative sales of plug-in electric vehicles have exceeded 1 million. The milestone was reached in the fourth quarter of 2021. According to Veloz‘s and the California Energy Commission, the precise number at the end of last year was 1,054,095 (including a smallRead More →
Source: Shutterstock. Cox Automotive expects tight supplies to keep car sales weak through the rest of the winter, which could help contain prices. In its new car forecast released Wednesday, Cox Automotive said new cars were expected to be sold at a seasonally adjusted annual rate of 14.4 million vehiclesRead More →
CLICK TO ENLARGE PETALING JAYA: Constraints on the supply side, particularly in the chip sector, have hampered the growth of the automotive industry. Statistics released by the Malaysian Automotive Association (MAA) showed that the continued shortage of computer chips and supply chain disruption due to floods in December affected totalRead More →
The Ford Fiesta was the best-selling used car with 326 346 transactions as well as the top ranked most stolen cars in 2021. Let’s see the market growth analysis and tips for used car buyers. According to the SMMT (Society of Motor Manufacturers and Traders), car sales are higher thanRead More →
NORTH KINGSTOWN, RI (WPRI) – Rescue operations are underway in the Atlantic Ocean after a vehicle transport vessel bound for Rhode Island caught fire last week. At last check, the 650-foot-long vessel, Felicity Ace, was still adrift in the middle of the ocean, about 100 miles from the Azores. RussianRead More →
Demand for new cars is still high in Massachusetts, but supply is still low due to pandemic-related shortages. Auto dealerships across the state would normally have hundreds of cars for sale during Presidents Day weekend, but that’s not the case. I think I probably went to four or five dealershipsRead More →
(WFSB) – If you’re looking for a new car, you might want to put the brakes on, used car sales are at an all-time high right now. Car dealerships are running low on new car inventory right now. Patrice Luoma, professor of entrepreneurship and strategy at Quinnipiac University, says thereRead More →
Vijay C Roy WHEN a Chandigarh-based businessman visited a local dealership to buy an Rs1 crore-plus Mercedes Benz GLS, he was told delivery could take up to six months. This failed to dissuade him, keen on the particular model. A long wait is the new norm for car buyers, especiallyRead More →
After soaring, used car sales are now experiencing a lull in their appeal. Car buyers have suffered for several months from low inventories and high prices. But new data from Cox Automotive suggests relief may be in sight. According to Cox, used car inventories rose in January due to weakerRead More →
Text size AutoNation plans to open 12 stores over the next 12 months. Courtesy of AutoNation AutoNation shares soared on Thursday after the auto retailer reported impressive fourth-quarter earnings and revenue as demand for used cars continues to grow. Fourth-quarter adjusted earnings were $5.76 per share, beating estimates of $4.96.Read More →
New car registrations in the European Union hit a record low for the month of January, according to industry data released today, as the sector continues to be crippled by a lack of semiconductors. “With the current shortage of semiconductors continuing to negatively affect car sales in the region,” newRead More →
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WICHITA FALLS, Texas (KAUZ) — A dealership owner and salespeople have both confirmed that there is an increase in used car prices. The increase is 40%. They both explained the causes of the surge and who benefits from it. “Everyone seems to be taking it in stride, nobody seems toRead More →
When it comes to selling, I’m usually on the side of sellers, because they don’t care much. Some of the nicest people I’ve met are in sales. They are positive, optimistic and genuinely care about their customers. That being said, there are selling styles that are, frankly, obnoxious and designedRead More →
Car lots seem a little emptier these days, just ask John Koerner. “We used to stock 1,300 to 1,500 new units in the field every day,” said Koerner, executive general manager of Healey Brothers dealerships. “Today, across our 11 brands, we use approximately 200 vehicles in the field day off.”Read More →
director of operations of Jacksons Isle of Man; Anne Mills, Chief Executive of the Isle of Man Hospice; Darren Moore, Director of Jacksons Isle of Man and Vanessa Smith, CommunityRead More →
The combined pressures during the pandemic have seen the limited availability of new cars push used car prices to record highs. Some analysts believe the used car market peaked at the end of 2021, and as more new cars become more readily available, these historic prices will drop. TrueCar collectsRead More →
Indore: Easing of pandemic restrictions and growing consumer demand amid increased supplies from manufacturers boosted car sales in Indore, although shortages of semiconductors continued to limit sales stocks.Car sales in Indore in January saw monthly growth with deliveries of around 2,200 units, according to four dealers.Average monthly car sales inRead More →
Every crisis presents opportunity, it is said – but when looking at facts and figures amid the chaos, it can be difficult to identify what represents a crisis and what represents an opportunity. Sales of electric vehicles are increasing while car sales are falling. A look at a fleet ofRead 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 →
Over the past two years, consumers have begun to arrive at dealerships knowing exactly what type of vehicle they want, and not just out of boredom or curiosity, said Tom Castriota, owner of Castriota Chevrolet in Hudson, Fla. He expects this to continue. spring. “They say, ‘I need an SUVRead More →
Vehicle sales in 2022 are expected to continue on a positive trend with the South African automotive industry showing resilience. South Africa’s auto industry is off to a strong start in 2022 with total vehicle sales in January at 41,382 units, up 19.5% from the same period last year, MarkRead More →
Cazoo is targeting 100,000 annual used car sales and £2billion turnover in 2022 after raising a further $630m (£414.2m) to fund its expansion in Europe and the UK. UK. A group of investors led by Viking Global Investors invested the sum in 2.00% convertible notes at the online car retailer,Read More →
Tennessee consumers waiting for the ‘green light’ to purchase a new or used vehicle during tax refund season should exercise caution against scammers, a Department of Commerce and Insurance press release said. of Tennessee. The TDCI urges consumers “to educate themselves, learn the red flags of car scams, and spotRead More →
NASSAU, BAHAMAS — A Bahamian auto dealer said yesterday that while demand for new vehicles remains “robust,” supply issues associated with inflation have created a “difficult situation.” Ben Albury, general manager of Bahamas Bus and Truck, said Eyewitness News“I would say foot traffic and interest has been very robust, especiallyRead More →
Harrisburg, Pennsylvania – An increase in the cost of used cars has caused an increase in car scams. An American consumer who buys a used car today pays 42% more than they would have in 2019, according to Kelley Blue Book. Two Pennsylvania dealers allegedly violated consumer protection laws throughRead More →
Tesla dominates car sales in California with impressive growth in 2021 that has resulted in 2 of the top 5 selling cars in the state. California may no longer be Tesla’s home market now that the company has officially moved its headquarters to Texas, but the state remains its biggestRead More →
In 2021, total light vehicle registrations in California rose to 1,856,391 (up 13.3% year over year), according to the latest report from the California New Car Dealers Association ( CNCDA). The year 2022 is expected to bring an increase of 4%. The CNCDA also reveals some very important data onRead More →
By Staff The Canadian Press Posted February 9, 2022 2:22 pm Smaller font Descrease article font size –AT Larger font Increase article font size AT+ DesRosiers Automotive Consultants say used car sales increased five per cent last year amid semiconductor shortages that hampered the new car market and drove buyersRead More →
Supporters of stalled legislation to loosen regulations on buying electric vehicles in Connecticut are gearing up for another race in the 2022 session of the state legislature. State Sen. Will Haskell, D-Westport, who last year introduced a bill allowing electric vehicle makers such as Tesla to directly sell their vehiclesRead More →
Used-car retailers rallied against three months of COVID-enforced dealership closures and vehicle supply shortages to drive annual sales up 11.5% year-over-year in 2021 . The Society of Motor Manufacturers and Traders (SMMT) reported that the used car market last year was only 5.5% down from the pre-pandemic five-year average despiteRead More →
EL PASO, Texas — Since the start of the pandemic, there has been a shortage of microchips that is causing fewer new cars to be manufactured, which in turn is increasing the demand for used cars. This year alone, around 370,500 vehicles have already been removed from global factory schedulesRead More →
Volvo says it has ‘taken the lead in the car industry’ by launching a new online sales platform for approved used cars – the first such scheme in the UK from a manufacturer. The new service, called Volvo Cars Selekt Direct, offers a comprehensive end-to-end buying service for used vehicles,Read More →
Volvo Car UK has launched a new used car sales platform which will sell its stock of “latest” vehicles directly to online car buyers. The Swedish premium car brand, which previously announced that all of its global sales of a range of all-electric vehicles (EVs) would be sold online byRead More →
Hydrogen fuel cell cars, a zero-emissions alternative to battery-electric cars, have made us skeptical from the start due to various issues (cost of the car, overall fuel efficiency and lack of refueling infrastructure to cite only the three main ones). Over the years, let’s look at the sales results ofRead More →
• The Toyota Hilux has started its 2022 year well by selling the most units. • The Isuzu D-Max was the only other bakkie to sell over a thousand units in January. • Nissan sold 441 units of its locally produced Navara. • For more automotive stories visit Wheels24 TheRead More →
The year 2022 has started well, according to the Society of Motor Manufacturers and Traders, which released data showing that 115,087 new cars were registered in January, including 62,300 dealership sales to private buyers. The result is up 27.5% from January 2021, when coronavirus lockdown restrictions still kept showrooms closed,Read More →
PHOENIX, AZ — Three men have been arrested and charged with selling methamphetamine and fentanyl at a Phoenix used car dealership, according to a news release from the Arizona Drug Enforcement Administration. Marco Antonio Ortiz, 31, has been charged with possession of dangerous drugs for sale. Hiram Velasquez-Amarillas, 35, wasRead More →
The semiconductor supply crisis that caused chaos across much of the auto industry in 2021 will ease this year, helping global sales climb 6% according to industry watchers. Such an increase would bring sales to 85 million, with the increase evenly distributed across the various regions of the globe, AutomotiveRead More →
• Suzuki set new sales records in South Africa last January. • With more than 3,200 new vehicles sold, the brand is behind Toyota and Volkswagen for the total number of units sold. • The Swift was again the top-selling model. • For more automotive stories visit Wheels24 As Covid-19Read More →
Official figures released this week revealed that 83.7% of all new cars sold in Norway in January were electric vehicles, with 19 of the top 20 vehicles fitted with a cable. The record month for electric vehicle sales in Norway came at the same time as passenger car sales plummeted,Read More →
Self-charging hybrid vehicles accounted for almost 20% of new passenger cars registered in the 27 EU countries last year. Sales of hybrid cars hit a major milestone in Europe last year, as they captured the same market share as diesel vehicles, while electric models gained more ground, industry data shows.Read More →
We have been in the global semiconductor shortage for nearly two years and it continues to wreak havoc on the automotive industry. Although automakers like General Motors are posting profits “at or near record highs” by maximizing returns from whatever inventory they can produce, the actual number of units soldRead More →
Hybrid cars are outselling diesels in the Irish new car market, while sales of all-electric cars account for 10.8% of new registrations, down from just 3.9% at the same time last year. The shift to hybrid and electric has seen diesel sales fall from 74% of new sales in 2012Read More →
Hybrid cars are outselling diesels in the Irish new car market, while sales of all-electric cars now account for 10.8% of new registrations, down from just 3.9% at the same time last year. The shift to hybrid and electric has seen diesel sales fall from 74% of new sales inRead More →
Spending your hard-earned cash on a vehicle can be quite daunting. Before you get started, it’s always a good idea to research your vehicle preferences, to ensure you get the best type of vehicle for your lifestyle and needs. – Doing some extra homework on car values and the kindRead More →
By Anna Cooban, CNN Business Electric vehicles took a much larger share of the global auto market last year, as sales more than doubled despite turbulent economic conditions and a severe shortage of computer chips. Global battery electric vehicle sales rose to 4.5 million last year from 2.1 million inRead More →
The latest ‘Viewpoint’ opinion piece by Professor Jim Saker for Automotive Management (AM) examines what is needed to shift the automotive balance towards electric vehicles in the UK. Are car buyers really embracing a new era of zero-emission travel in their masses, or is this just a finite trend setRead More →
Americans bought 21.3% fewer cars in Q4 2021 than in Q4 2020. But we bought 72% more electric vehicles (EVs). Electric cars remain a small percentage of vehicles on US roads — less than 3% of the total, according to Department of Transportation statistics. But they are becoming more andRead More →
Public opposition to a proposed used car sale and storage at 454 Hurley Avenue continued to dominate a public hearing at an Ulster City Council meeting last week, with area residents s worried about the potential repercussions on their neighbourhood. Unlike a public hearing on the matter held last month,Read More →