Category: Global

More drivers want cars under $50,000. How to find a cheap new vehicle

Car shoppers are showing more interest in vehicles selling under $50,000, according to car site Edmunds. That reverses a recent trend that saw shoppers splurging on higher-end models with more features. But cars

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Average Used Car Price Fell More Than 1% In August

Last month, the average listed price for a used car in America was $26,651 — down 1.4% from July’s figure. July’s price was 0.5% less than June’s. But analysts say the drop may

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Major car dealership files for bankruptcy and abruptly closes all its locations laying off hundreds of workers

A car dealership has closed its doors for good, citing unprecedented changes in the used car sales industry as the motivating factor behind the decision. Off Lease Only, the Florida-based dealership chain, has

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Big week ahead for the auto industry

We’re heading into a big week for the auto industry — and a really big week for Automotive News. We start the week off with a couple of exciting releases: One is entirely

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European Car Sales Growth Set To Accelerate As China Threat Looms

The MG Cyberster electric car at the IAA Mobility 2023 show in Munich, Germany. IAA is runs from … [+] September 5 to September 10. (Photo by Leonhard Simon/Getty Images) Getty Images “There’s

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Plug-In Car Sales Improved By 53% In August 2023

The Tesla Model Y was the sixth most popular model last month. Sep 09, 2023 at 2:45pm ET New passenger car registrations in France increased in August by 24 percent year-over-year to 113,599,

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Off Lease Only closes six locations, lays off 466 in Florida

Off Lease Only, a Palm Beach County-based auto seller with locations in five Florida cities and one in Texas, has permanently closed and is laying off 466 Florida workers, the company announced in

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Automotive News seeks car dealer succession and exit stories

To sell or stay and grow remain constants in conversations involving dealership consolidation. Last month, we invited dealers to submit their succession stories, or reasons for deciding to exit auto retail, for consideration

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10 Fastest Used Cars Under $5,000

Sports sedans exist to please their drivers and, with some luck, their passengers. Most of the time, we see these kinds of vehicles as sporty, two-door coupes with a look that can match

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China car sales return to growth in August, Tesla nearly doubles EV share

BEIJING/SHANGHAI, Sept 8 (Reuters) – China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic

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