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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
Vehicle sales in 2022 are expected to continue on a positive trend with the South African automotive industry showing resilience. South Africa’s auto industry is off to a strong start in 2022 with total vehicle sales in January at 41,382 units, up 19.5% from the same period last year, MarkRead More →
Tennessee consumers waiting for the ‘green light’ to purchase a new or used vehicle during tax refund season should exercise caution against scammers, a Department of Commerce and Insurance press release said. of Tennessee. The TDCI urges consumers “to educate themselves, learn the red flags of car scams, and spotRead More →
Robins & Day will add the Fiat and Abarth brands to its existing Peugeot and Citroën showrooms in Sale and Birmingham Central as part of a Stellantis multi-brand car dealership campaign. Stellantis-owned car retail group AM100, rebranded as Robins & Day by Stellantis & You, Sales and Services from thisRead More →
Supporters of stalled legislation to loosen regulations on buying electric vehicles in Connecticut are gearing up for another race in the 2022 session of the state legislature. State Sen. Will Haskell, D-Westport, who last year introduced a bill allowing electric vehicle makers such as Tesla to directly sell their vehiclesRead 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 →
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 →
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 →
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 →
New vehicle sales are being hit by the pandemic and economic uncertainty, according to a Highland car dealership. Dingwall’s Mackays made the comments in its latest accounts which show reduced revenue and increased pre-tax profit for the year ended December 31, 2020. The company operates franchised Vauxhall dealerships covering Inverness,Read 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 →
The number of used vehicles sold in the United States in 2021 hit an all-time high, according to Cox Automotive, buoyed by a strong spring selling season that analysts said may not be easily repeated. Cox Automotive estimated that overall used vehicle sales for 2021 were 40.9 million, an increaseRead More →
GM announced today that it will launch a used vehicle sales website it will call CarBravo, which will take advantage of its dealer network and the approximately half a million used vehicles they have in store. stock. Customers will be able to shop online or at a GM dealership, andRead 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 →
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 →
“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 →
GM has diverted limited supplies of chips to higher margin pickups and full-size SUVs, boosting the company’s bottom line, spokesman Jim Cain said. At the start of last year, GM forecast a pre-tax profit of $ 10 billion to $ 11 billion, but expects the year to end around $Read 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 →
Automakers are also facing the transition to electric cars and trucks. Many companies spend tens of billions of dollars to design battery-powered models and build factories to produce them. They are racing to catch up with Tesla, which now sells a large majority of electric vehicles. But most established automakersRead 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 →
NEW DELHI: Led by SUVs and new models, the passenger vehicle industry made a fiery comeback in 2021 despite challenges from the semiconductor shortage and a deadly second wave of coronavirus, as sales rose 27% and crossed the psychological 30 lakh mark for only the third time in history. DespiteRead 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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
General Motors again increased its investments in electric and autonomous vehicles, announcing on Wednesday that it would increase planned spending by 30% to $ 35 billion (40.6 billion euros) through 2025 as it unveils new models and strengthens its capabilities. The major US automaker cited strong consumer reception of itsRead More →
Bustling factories closed, workers idled at home, gleaming new vehicles parked in vacant lots. Now it’s business as usual. “In April, we were expecting a complete collapse of the auto sector,” Rory Carroll, Jalopnik’s editor, told ABC News. “It really hasn’t been. I’m very surprised at the demand for cars.”Read More →
New vehicle sales in South Africa recorded their best post-lockdown performance in November, giving positive signs of a slow rehabilitation of the country’s auto industry, notes lender WesBank. In an overall market – down 30.6% year-to-date – November’s sales performance of 39,315 units shows signs of picking up consumer demandRead More →