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 →
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 →
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 →
► 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 →
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 →
Skoda released a statement regarding Russia’s invasion of Ukraine. The Czech firm, which has around 600 employees in the country and produces vehicles in Solomonovo there, will donate around €400,000 (£333,390) to the People in Need charity. He also said he would help all Ukrainian workers to “build a safeRead 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 →
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 →
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. TheRead 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 →
KIMBALL, Minn. (WCCO) – The pandemic has changed many ways of doing business. The automotive industry is no different. Supply chain issues have made new cars hard to come by. But a small-town dealership in central Minnesota rose to the challenges en route to its best-selling year ever. READ MORE:Read More →
YesYou are ready to sign the contract for your new car. Then the finance manager tells you that you need to purchase an extended warranty. You want the car, but you’re wondering, “Can a car dealership really do that?” Yes, they can. Such conditions imposed by car dealerships – sometimesRead 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 →
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 →
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 →
Local business expands into former Burton car dealership But there are signs that some businesses in central Michigan are seeing a comeback. BURTON, Mich. (WJRT) – Due to labor shortages, supply chain issues and inflation, it’s been a tough year for many small businesses. A former Saab dealership on CenterRead More →
Car manufacturers and start-ups need talent more than ever to develop their electric ranges. They are looking for engineers who can demonstrate experience in the field. Here’s how to get hired in the hot EV industry, according to top recruiters. The labor shortage is currently affecting all kinds of industries,Read 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 →
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 →
Auto dealership ownership is at the forefront of change in the movement to Carbon Zero. The latest research from Automotive Property Consultancy (APC) explores how dealerships can lead the charge to achieve net zero total ownership. Net zero is the goal of negating the amount of greenhouse gases produced byRead More →
As auto dealers continue to grapple with the challenges of a prolonged shortage of new vehicle inventory and supply chain disruptions, many are now facing increasing pressure to find or better leverage new revenue streams. . One such solution is to speed up the trade-in reconditioning process, putting vehicles onRead More →
The automotive sector has spent 2021 under the shadow of the chip crisis, logistical bottlenecks and record increases in raw material costs, while industry representatives in Turkey say the main automakers program local auto this year will again supply chain management. Automotive Industry Association (OSD) Chief Haydar Yenigün, assessing theRead More →
There is a global chip shortage. Cars are more expensive, computer makers are struggling to keep up with consumer demand, and many products have been heavily delayed like the PlayStation 5 which is still unorderable a year after its launch. according to Yahoo Finance. How did this thing start? AutomakersRead 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 →
Car manufacturing in the UK took off dramatically last year. The head of the industry’s trade body has described the situation as the ‘toughest in decades’, and the numbers are certainly support your claim. Latest car registration figures show 2021 has been up just 1% on a COVID-ravaged 2020 —Read 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 →
Aston Martin Cars Aston Martin said sales to dealers in 2021 jumped 82%, even as the British luxury carmaker forecast annual adjusted core profit below expectations due to delays in shipments of its Valkyrie sports car in limited edition. Aston Martin said 10 Valkyries shipped in the fourth quarter, fewerRead 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 →
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 →
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 →
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 →
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 →
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A worker at the Volkswagen assembly line in Wolfsburg, Germany, April 27, 2020. Swen Pfoertner/Pool via REUTERS Join now for FREE unlimited access to Reuters.com Register FRANKFURT, Dec 11 (Reuters) – Europe’s auto sector has become overly dependent on Asia and other regions for vital components such as semiconductors andRead 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 →
A global shortage of automotive chips has highlighted the problem, prompting the European Union to launch subsidy programs to attract chipmakers to the continent. FRANKFURT: Europe’s auto sector has become too dependent on Asia and other regions for vital components such as semiconductors and battery cells, the outgoing Bosch chairmanRead More →
Tuesday, November 30, 2021 2:04 PM UK car production in 2021 is the lowest since 1956. UK auto executives believe cars will be predominantly sold online by 2030, with electric vehicles (EVs) accounting for between 70-100% of new vehicle sales in Western Europe. Data from KPMG’s Automotive Executive Survey foundRead 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 →
Picture: David Zalubowski (PA) Even after class actions against DG, Ford, and Stellantis, destination charges continue to increase across the industry. And like Automotive News reports, very few customers notice the costs because they tend to get bogged down in the details. You might think the increase in burdens hasRead 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 →
The auto industry had its worst performance in October since 1991, according to the figures. © AP Archives The auto industry had its worst performance in October since 1991, new figures show (Steve Parsons / PA) Only 106,265 new cars were registered in the UK last month, a drop ofRead More →
Auto industry bemoans lack of budget support as UK auto production falls for third consecutive month and September production is lowest since 1982 Some 67,169 cars rolled off UK production lines last month, according to recently released data Productions were down 41.5% from a year ago and lowest in SeptemberRead More →
Even before the pandemic, 2020 was still going to be an uncertain year for the Canadian auto industry. The Big 3 automakers – General Motors, Ford and Chrysler (now known as Stellantis) – were to negotiate multi-year labor agreements with their major unions, after previous agreements with their workers expired.Read More →
The industry’s overall decline comes after revised growth of 6.8% in July. Analysts polled by Reuters had expected production to rise 2.6% in August. PRAGUE: Czech industrial production fell 1.4% year-on-year in August, sliding for the first time since February as global chip shortages slashed auto production. Signs point toRead More →
04:28 The car tokens are out of order. Automakers are lost. The pandemic has rewritten the rules for a multitude of industries. The automotive industry is no exception, especially as it rapidly moves towards smarter electric vehicles (EVs). In the past century, pain has never struck closer to home thanRead More →
A global supply crisis threatens to derail Germany’s economic recovery, with the country’s auto industry suffering the biggest drop. Companies from BMW, Siemens AG and Volkswagen are all reporting a lack of supplies of materials, from the most basic wooden pallets to memory chips. Thomas Nuernberger, managing director of salesRead More →
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This Spyker C8 is one of the vehicles available to invest with TheCarCrowd The Car Crowd Many of us have dreamed of owning a classic car, and while we tell ourselves that the fun is in driving, an explosion in value in recent years has made vehicles sought after bothRead More →
This scene at car dealerships is very common. Justin Sullivan/Getty Images What automakers hoped would be a temporary setback just isn’t happening. According to a Friday Bloomberg report, Japan’s leading semiconductor chip supplier Rohm said it expects chip shortages throughout next year. It’s not that the company can’t manufacture chipsRead More →
German technology and engineering group Bosch, which is the world’s largest auto parts supplier, says the automotive industry’s semiconductor supply chains are no longer fit for purpose amid global shortages of fleas raged. Bosch board member Harald Kroeger told CNBC’s Annette Weisbach in an exclusive interview Monday that supply chainsRead More →
As automakers and their suppliers continue to navigate the former two, succeeding in the latter is key to their long-term survival. At the International Motor Summit hosted by the UK’s Society of Motor Manufacturers and Traders (SMMT) this week, its chief executive, Mike Hawes, explained what is needed for theRead More →
RALEIGH, NC (WNCN) — If you’re looking for a car, you might find that there are few new ones, causing used car prices to skyrocket. There’s more than just an engine inside your vehicle – it’s literally a computer on wheels. And that creates problems for buyers and sellers. “WeRead 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 →