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 →
ATLANTA — Muneeb Syed, aka Ed Syed, has pleaded guilty to charges of fraudulently obtaining auto financing through his used car business. “We expect businesses to operate lawfully,” U.S. Attorney Kurt R. Erskine said. “Instead, this defendant took advantage of a legitimate auto finance plan, which resulted in his federalRead 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 →
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 →
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 →
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 →
Sales of battery electric cars have overtaken diesel for the first time in Europe, FinancialTimes reported Sunday. This is an important step, as diesel has been the default choice for European car buyers for decades. Registrations of new “electrified” vehicles – including hybrids, plug-in hybrids and combination battery-electric cars –Read 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 →
NEW YORK — Car dealerships are, in essence, giant lots staffed with people trained in the art of clearing those lots as quickly as possible and repeating the process over and over again. But 2021 has been a strange year for all of us, dealers included. Their batches emptied…then satRead More →
Liam Denning | Bloomberg Car dealerships are, in essence, giant lots manned by people trained in the art of clearing those lots as quickly as possible and repeating the process over and over again. But 2021 has been a strange year for all of us, dealers included. Their lots emptied…thenRead 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 →
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 →
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 →
The St. Louis County Planning Commission heard a proposal on Dec. 6 for an electric car dealership along Lindbergh Boulevard. The company has remained anonymous so far due to a confidentiality agreement, but the developers have referred to it as a “Fortune 500 company” throughout the public hearing. The site,Read More →
FRANKFURT (Reuters) – German auto giant Volkswagen said on Thursday it would increase its investments in electric vehicles and digitization to 89 billion euros ($ 101 billion) over the next five years. The group of 12 brands will devote 56% of its 159 billion euros of investment to the developmentRead More →
FRANKFURT (Reuters) – German auto giant Volkswagen said on Thursday it would increase its investments in electric vehicles and digitization to 89 billion euros ($ 101 billion) over the next five years. The group of 12 brands will devote 56% of its 159 billion euros of investment to the developmentRead More →
In 2020, Volkswagen announced 73 billion euros of investments in vehicles of tomorrow until 2024. German auto giant Volkswagen said on Thursday it would increase its investments in electric vehicles and digitization to 89 billion euros ($ 101 billion) over the next five years. The group of 12 brands willRead More →
German auto giant Volkswagen said on Thursday it would increase its investments in electric vehicles and digitization to 89 billion euros ($ 101 billion) over the next five years. The group of 12 brands will devote 56% of its 159 billion euros of investment to the development of cars ofRead More →
BILLINGS – If you’re in the market for a new car here in Billings, you better act quickly. Some dealers say they are having trouble getting new inventory for their lots. Blake Underriner, along with Underriner Honda, says his inventory of new cars is much lower than usual. He saidRead More →
Originally published on Transport & Environment. (Also exists in German, Spanish, Polish, French, and Italian.) The European auto industry is using aggressive lobbying and making unsubstantiated allegations in an attempt to derail EU plans to cut pollution from road transport, campaign group Transport & Environment (T&E) revealed in a statementRead More →
HATTIESBURG, Miss. (WHLT) – With the car rental industry experiencing a shortage, more and more people might consider traveling in their own vehicle. Rental cars have been sold at select dealerships within the past 18 months. Some experts said this was due to a buying boom. Petro Nissan employees inRead More →
Electric vehicles have encountered a serious obstacle on the way to widespread public use. Dominating recent self-driving vehicle news, US authorities have launched a formal investigation into Tesla’s autopilot system, rival Chinese manufacturer Nio suffered the fatal crash of one of its self-driving cars, and General Motors has extended itsRead More →
Advertising After competing on high speed train, China and Japan are increasingly competing in the booming Indonesian automotive market. Last week it was reported The Chinese company Chery Automobile Co. Ltd. announced that she ready to return to indonesia this year, after a failed attempt to break into the marketRead More →
For anyone who thinks cars are now all electric (or at least hybrid), I have news for you. Well, some statistics – to be more specific. Even though electric car sales are growing and growing rapidly, the fact is that they are not the best selling cars in the IrishRead 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 →
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 →