By Miranda Murray and Nick Carey BERLIN (Reuters) -Volkswagen expects a 3% rise in its car sales this year, down sharply from 2023 amid a gloomy economic outlook and growing competition. Presenting the
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Volkswagen Group’s financial results reveal its Financial Services Division’s operating profit fell a third below the previous year’s profit due to the normalisation of used car prices. Although the division contributed €3.8 billion
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Motorists travelling through New South Wales in an electric vehicle (EV) can continue to use the state’s transit lanes until mid-2025 while driving solo, after an extension was quietly granted late last year.
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LENAWEE COUNTY, MI – Two high-value muscle cars were stolen early Monday morning from the showroom of a car dealership near Adrian. Police were called at 3:53 a.m. March 11 to the CR
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Aaron Tan, cofounder and CEO of Carro. Carro Carro, a Singapore-based online used-car marketplace, has expanded into Hong Kong with the acquisition of a local smaller peer to bet on the city’s growing
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Getty Images By Peter Hoskins Business reporter Chinese technology giant Xiaomi says it will start deliveries of its first electric vehicle (EV) this month – its first ever foray into the competitive automotive
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BYD is leading an offensive against ICE vehicles. A new report claims BYD’s new EV platform will slash costs even further as the automaker kicks off a “liberation battle” against gas-powered cars. Best
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© Reuters. HOUSTON – Group 1 Automotive, Inc. (NYSE: NYSE:), a Fortune 300 company and a major player in the automotive retail sector, has expanded its market presence with the acquisition of Modern
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Used electric vehicles are depreciating 10 times faster than their gas-powered counterparts, according to a new study from iSeeCars.com. The average price of a used electric vehicle plummeted 31.8% over the last 12
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Imagine a family-owned dealership deeply rooted in tradition but now facing a pressing dilemma: attracting the elusive younger generation. As digital platforms and social media redefine consumer habits, traditional dealerships grapple with the
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