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 →
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 →
► How the war in Ukraine is affecting the industry► Overview of the latest news and impacts► Analysis and what it means for motorists Supercar brands Ferrari and Lamborghini have suspended operations in Russia, as the auto industry continues to react to the war in Ukraine. They are the latestRead 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 →
UK new car registrations rose 15.0% in February as 58,994 new cars hit UK roads, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The rise of 7,682 units was from the same month in 2021, when the pandemic shuttered car showrooms across the UK.Read More →
A CAR dealership along a busy Poole road could be cleared to make way for an apartment block. Bournemouth and Poole Car Sales Ltd have applied for planning permission for the development of 24 apartments on the site at 540 Ringwood Road, Newtown. BCP Council’s planning department is currently reviewingRead 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 →
Battery electric vehicle sales accounted for 17.7% of the new car sales market in February. Image: Getty Battery electric vehicle (BEV) sales in February 2022 increased 196.3% year-on-year as the Society of Motor Manufacturers and Traders (SMMT) released its recommendations to support charging deployment . BEV sales reached 10,417 (orRead 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 →
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 →
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 →
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 →
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 →
(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 →
A man has been convicted of murder. Confidence Sekgoro was found guilty of the 2019 murder of Mohammad Dangor. Sekgoro told the court it was an act of self-defense. However, video evidence proved otherwise. A North West man, who shot and killed the son of a car dealership owner inRead 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 →
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 →
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 →
MAZDA Australia says 2022 is shaping up to be a banner year for local new-car sales as COVID-19-related supply issues and microprocessor shortages ease. Additionally, with Australia nearing the top of all global markets for the Mazda brand, the Japanese brand’s local subsidiary expects the supply of new upcoming SUVsRead 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 →
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 →
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 →
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 →
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 →
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 →
• 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 →
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 →
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 →
Data from Japan Economy January 25, 2022 New car sales in Japan were below 5 million for the second year in a row as automakers had to reschedule production and postpone the release of new models due to global shortages of semiconductors. Statistics released by the Japan Automobile Dealers AssociationRead More →
Instantaneous New car sales rose 8.6% to 27.2% in seven states and territories Registrations in the Australian Capital Territory fell by 18.7% ACT had the second lowest number of new cars purchased last year New car sales may have increased overall last year, but one particular area saw a declineRead More →
Just 9.7 million new vehicles were sold in the European Union in 2021, automakers reported on Tuesday. This figure is the lowest since records began in 1990. Car sales have fallen for six consecutive months for the second half of 2021 and sales in 2021 were 2.4% lower than inRead More →
We know that more used car and new car sales translate to higher reinsured premiums and more potential profits. Increased M&I due to increased volume contributes directly to the growth of a dealership’s reinsurance program. But there are other ways to increase reinsurance sales and profitability. Train sales reps toRead More →
Car sales reps and CFOs often operate in silos, with little incentive to work together to sell finance and insurance products. But at the nine Sacramento, Calif.-area dealerships owned by Niello Co., a compensation plan rewards salespeople for products sold by finance managers and also motivates those managers to sellRead More →
Spending your hard-earned cash on a vehicle can be quite daunting. READ ALSO: Growing into the future Before you jump in, it’s always a good idea to research your favorite vehicle to make sure you’re getting the best type of vehicle for your lifestyle and needs. Doing some extra homeworkRead More →
Companies Official dealer car sales in 2021 hit six-year high Friday, January 14, 2022 Toyota Kenya showroom. FILE PHOTO | NMG By VICTOR JUMAMore from this author Summary New motor vehicle dealers sold 14,250 units last year, marking a six-year high as the industry recovered from the depths in 2020Read More →
DUBLIN, January 13, 2022 /PRNewswire/ — The “Global Premium Interior Trim Market (by Surface Material and Region): Insights and Forecast with Potential Impact of COVID-19 (2021-2025)” report has been added to ResearchAndMarkets.comit is offer. The Global Premium Interior Trim Market is Expected to Record a Value of US$1.88 billion inRead More →
NAIROBI – Kenya’s new car sales jumped by a quarter in 2021 as economic growth rebounded from a pandemic-induced slump the previous year, driving up demand, the car association said on Thursday. ‘industry. The East African nation is a small market for new vehicles due to limited purchasing power, whichRead More →
For the first time ever, U.S. passenger car sales unexpectedly increased in December 2021, despite the fact that sales often dip at the end of the year as buyers favor New Year’s purchases compared to the last month of the previous year.Data from PAMA (Pakistan Automobile Manufacturers Association) reveals startlingRead More →
Used car sales set a new record of 40.9 million vehicles in 2021. Unmet demand for new vehicles due to unavailability has forced many new-vehicle buyers to gobble up late-model used vehicles in 2021, setting a new sales record at 40.9 million vehicles. The total marks a 10% jump fromRead More →
Photo: Joe Raedle (Getty Images) Tesla takes on the old guard as General Motors tries to learn from the new. All this and more in The morning shift for Wednesday, January 12, 2022. 1st gear: it was always “Lexus, BMW, Mercedes” The designation of the best-selling “luxury” car brand –Read More →
Auto retailers saw a 32% year-over-year (YOY) increase in online sales over the two-week Christmas and New Year period. According to new data from GForces, dealerships also saw an almost 50% increase in online car sales on Christmas Eve and Christmas Day and the number of cars sold on ChristmasRead More →
A LONG empty lot on one of Bradford’s busiest roads will become a car dealership after new plans are approved. Last year, a planning request to turn a strip of land at the junction of Thornton Road and Young Street into a car sales forecourt, complete with a sales boothRead More →
New, high-tech, low-emission gasoline vehicles are being held up in Australian showrooms until our two remaining oil refineries are upgraded to the latest European standards. See 4 images Australia’s auto industry says it is counting the days until the country’s two remaining oil refineries are upgraded over the next twoRead More →
New car sales in Northern Ireland, one of the best indicators of consumer confidence, rose only slightly last year as supply issues continued to thwart trade, according to an industry body. The Society of Motor Manufacturers and Traders (SMMT) said 36,616 new cars were registered in the province in 2021,Read More →
As a number of Australian states set their own policies for electric cars, the auto industry has renewed calls for a national approach. See 5 pictures Australians bought a record number of electric vehicles last year. However, electric cars still account for less than 1% of new car demand accordingRead More →
AS MANY motorists are planning to switch to an electric vehicle in 2022, experts have given advice on buying and using battery-powered cars. Auto finance company Moneybarn’s top tips when finding an electric car include making sure you do the math. Even the cheapest EVs are still quite expensive toRead More →
New car registrations in the UK only increased 1% in 2021 as the industry continues to show a slow recovery from the Covid-19 pandemic. According to the initial estimate of the Society of Motor Manufacturers and Traders (SMMT), around 1.65 million new cars have been registered in the country, upRead More →
AHMEDABAD: Supply chain problems in the automotive industry triggered by the global semiconductor shortage have failed to dampen buyer sentiment in Gujarat, with car sales growing steadily by 27% in 2021 compared to 2020. Driven by good demand and a growing preference for owning a vehicle for personal mobility followingRead More →
Written by Neal E. Boudette Toyota Motor dethroned General Motors as the top-selling automaker in the United States last year, becoming the first out-of-country based automaker to achieve the feat in the company’s nearly 120-year history. industry. This milestone underscores the changes rocking automakers, which face stiff competition and externalRead More →
According to the latest retail sales data from the Federation of Automobile Dealers Associations (FADA), passenger vehicle sales in India fell 10.91% from the same month in 2020. Indians bought 2 44.639 cars in the last month, compared to 2 74 605 units sold in December 2020. COVID19 will hurtRead More →
After a computer chip shortage contributed to a shortage of new cars in 2021, analysts expect an improvement in chip supply in 2022 to help new car sales rebound. An average gasoline-powered vehicle has around 1,000 computer chips, while electric cars can have more than double that total, leaving theRead More →
Omaha, NE – Gateway Auto – Car Sales Center has opened a new car sales outlet in Omaha, NE. The new branch was opened in November 2021 and brings new and used cars closer to Omaha residents who want the best value for money. Residents of the area and surroundingRead More →
LANSING, Michigan – Car sales in Michigan are expected to remain well below what they were before the pandemic, and consumer prices are likely to remain high as dealerships face supply chain issues. “It really caused vehicle sales and production to drop dramatically. The past two years and again thisRead More →
Electric vehicles accounted for almost two-thirds of all new car sales in Norway last year, according to new data released by the country. In 2021, Norwegian dealers sold 176,276 cars, 65% of which were electric vehicles. That’s an increase of 11 percentage points from the previous year, when they accountedRead More →
Dutch car sales fell by more than 9% last year compared to 2020. The sector has been severely hampered by shortages of semiconductor chips, according to automotive industry organizations BOVAG and the RAI association . As a result, car manufacture fell and deliveries of new vehicles were delayed. A totalRead More →
In a recent celebration held at Davenport Autopark, Company President Neill Nelson made 16 nonprofits happier with $ 25,000 in contributions. The “Community for Life” celebration held on December 16 was the culmination of one aspect of a program through which Davenport Autopark supports local non-profit organizations that benefit theRead More →
Car sales continue to be affected by reduced inventory. New vehicle sales were stuck again in December, paving the way for what could be a bumpy ride in 2022. The auto industry is still haunted by COVID-19, causing shortages of key materials essential to the growing automotive market. electric vehicles.Read More →
Economy New car sales up 30 pc Wednesday, December 29, 2021 Workers at Isuzu’s East African Vehicle Assembly Plant on Mombasa Road during the December 2018 media tour. PHOTO | DIANA NGILA | NMG By VICTOR JUMAMore from this author Summary New motor vehicle sales rose 30.2% to 12,750 unitsRead More →
Used car sales are expected to grow at a compound annual growth rate (CAGR) of 11% to record estimated sales of 8.3 million units by fiscal 2026, according to consulting firm RedSeer. The Indian used car market has seen increased activity this year as the global pandemic has pushed peopleRead More →
India has seen three online used car platforms – Droom, CarDekho and Spinny – become unicorns (market capitalization over $ 1 billion) in 2021 and ride the digital wave of car sales in India. opportunity is expected to reach 8.3 million units (at a CAGR of 11%) by 2026, accordingRead More →
The new European warranty law will affect used car sales from January. Photo credit: pixabay New EU warranty law will affect used car sales from January The new European law on guarantees will come into force on January 1, 2022. This law will modify the terms of sale of usedRead More →
– 2022 should be a neutral year due to the rise of the Omicron variant – The industry is only expected to fully recover by 2023 The automotive industry has been significantly affected by the COVID-19 (Coronavirus) pandemic. Car sales had been bleak in 2020 due to lockdown restrictions inRead More →
Ahmedabad: Rishabh Patel, a professional based in Ahmedabad, had booked his first car around Navratri and was promised delivery by Diwali. It’s been about two months and Patel is still waiting for a call from the dealership. “It’s likely that I won’t have the car until after Uttarayan. Due toRead More →
Europe’s auto industry faces even tougher times than the COVID-19 battered 2020 with sales down 20.5% year-on-year to 713,346 units, the worst slump since 1993, amid a global shortage of microchips used in new models, the European Automobile Manufacturers Association (ACEA) said on Friday. Although economic activity rebounded relatively stronglyRead More →
Mike Wood was already considering a new business model for selling cars online when he approached his business partner about two years ago. “I said, ‘I think 2020 would be a good year for that.’ I had no idea this little thing called COVID would push dealerships digital very quickly,Read More →
Although economic activity rebounded relatively strongly in the first 11 months of the year compared to a year ago, mainland car sales stagnated, falling 0.04%. Europe’s auto industry faces a worse year than Covid-battered 2020 with sales down for a fifth consecutive month amid a global shortage of microchips usedRead More →
Posted: Dec 5 2021 / 09:40 EST / Update: Dec 5 2021 / 12:36 EST FORT WAYNE, Indiana (WANE) – A local used car dealership has collected enough Christmas trees to decorate a few hundred homes for the holiday season. Preferred Automotive Group had a total of 300 free ChristmasRead More →
Car sales in Europe hit a record high in October due to shortages of microchips, the European Automobile Manufacturers Association said in a statement on Thursday. New passenger car registrations in the European Union fell 30% in October, the group said. “With 665,001 units sold in the region, this isRead More →
Tesla is a big name in the automotive industry, and let’s be honest, not just their vehicles. Since the launch of its Roadster in 2008, Tesla has continued to grow and update its vehicles, services and more generally its business. To say they were successful is an understatement, as TeslaRead More →
Americans paid an average of $46,036 for a new car in October, up $5,266 from a year ago. The price spike is due to many factors, including supply chain crises that are making new cars scarce on dealer lots and rising sales of luxury cars. Almost everyone pays Sticker AmericansRead More →
Passenger cars contribute 10 percent of Australia’s emissions, and emissions are increasing thanks to our continued love affair with utes and SUVs, and our growing population. To reverse the trend, current prices for electric vehicles [EV] adoption must increase exponentially. We believe that half of new car sales should beRead More →
U.S. car sales edged up and inventories rose in October, a sign that some of the worst shortages plaguing auto production may be easing, but automakers continued to struggle to replenish dealer lots and supply is expected to remain tight next year. This will test brand loyalty and keep averageRead More →
The business model of car sales is changing, with manufacturers embracing the direct-to-consumer selling trend (also known as the agency model) seen by a wide variety of industries as people seek to simplify the process. purchase. This is a radical change for vehicle manufacturers. It is also complicated to navigateRead More →
South Africa’s largest metalworkers’ union is calling for an indefinite strike after wage talks with employers’ organizations failed. South Africa’s largest metalworkers’ union has launched an indefinite strike, demanding wage increases and threatening to block the supply of spare parts to make new cars and accessories, industry and union officialsRead More →