China’s efforts to create a thriving market for used vehicles, virtually from scratch, are slowly beginning to bear fruit, including in the electric car segment. Used vehicle sales jumped 30% in the first ten months of this year and are expected to reach 17 million units in 2021, according toRead More →

NEW DELHI: Chip shortages continue to disrupt supplies to the automotive industry. Wholesale shipments to dealers fell 19% in November, as the semiconductor shortage continued to affect vehicle production and subsequent deliveries to dealerships, auto industry body Siam said on Friday. Vehicle shipments amounted to 2.15 lakh units last monthRead More →

Due to low hydropower generation, Iceland has experienced a power shortage in recent days, to the point that its largest utility has cut power to some industrial activities, data centers, and cryptocurrency mining. Iceland generates almost 100% of its electricity from renewable energy sources, with hydroelectric generation accounting for aroundRead 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 →

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 →