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 crisis in Ukraine has disrupted some car assembly plants and forced companies to suspend deliveries to Russia. Russia’s invasion of Ukraine is causing waves in the automotive supply chain. The attack also prompted companies to halt shipments to Russia or suspend operations there. Here are some of the effectsRead 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 →
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 →
UK new car registrations rose 15.0% in February as 58,994 new cars hit UK roads, according to latest figures from the Society of Motor Manufacturers and Traders (SMMT) UK new car registrations rose 15.0% in February as 58,994 new cars hit UK roads, according to the latest figures from 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 →
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 →
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 →
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 →
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 →
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 →
A TOTAL of 734 vehicles were sold during the month of December 2021, compared to 755 units sold the previous month. This is according to data provided by the National Association of Automobile Manufacturers of South Africa (Naamsa). In a report citing data from Naamsa, Simonis Securities says vehicle salesRead More →
Coloradans bought and registered 10% more “light cars” in 2021 than during the 2020 pandemic low, and electric vehicle sales exploded with an 81% year-over-year increase, according to a Colorado Automobile Dealers Association report. New vehicle sales in the first three quarters of 2021 increased across the board, but fellRead 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 →
The Detroit News DETROIT — With automakers expecting to sell only about as many vehicles in 2021 as they did in the final years of the Great Recession and supply issues still hampering production, the U.S. auto industry likely won’t see recent pre-pandemic sales in the near future. Forecasters expectRead More →
“The demand is still strong. The challenge is how to maximize your ability to supply customers when supply is so highly contested. While sales of plug-in vehicles have increased massively, gasoline remains by far the most popular energy source, with a market share of 58.5%. Diesel represents 16.0% of registrations,Read More →
“The high cost of ownership, the bad rural feeling, working from home and the latest threat from Omicron continued to impact sales,” FADA said. Total retail vehicle sales for the month of December 2021 were down 16% year-on-year. Compared to December ’19 (a regular pre-COVID month), overall retail sales continueRead 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 →
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 →
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 →
The U.S. auto industry is set to conduct some bold — albeit unintentional — experiments in marketing and inventory management this month: How to execute the traditional year-end sale that consumers have been waiting for conditioned to expect when you have very little to sell. December is generally one ofRead More →
Sales to rental car fleets have sometimes been viewed as a liability of automakers. Elon Musk defies this stigma, with Tesla Inc. TSLA 13.53% agreement to supply cars to Hertz Global Holdings Inc. electric signal vehicles are ready for the masses. Tesla has added about $ 109 billion to itsRead More →
Guy Robson, partner at Keller Lenkner United Kingdom, discusses Dieselgate and how the past continues to haunt the auto industry. In July this year, the European Commission fined the Volkswagen Group (which includes Volkswagen, Porsche and Audi) and BMW € 875 million for violating EU competition law by joining forcesRead More →
the Pakistan Automobile Manufacturers Association (PAMA) revealed sales figures for the local automotive industry. In the outgoing fiscal year 2021 (FY21), the local auto industry grew by 62% on an annual basis (YoY) to 181,397 units from 111,965 units the previous year. The reason for the outstanding performance of theRead More →
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 →
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 →