Category: Global

Demand for Tesla and EVs helps push new car sales in Europe by 18%

New vehicle registrations in Europe increased by 18% in May 2023. The shift was due in part to the growing demand for electric cars like Teslas, which are outpacing the broader automotive market.

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Average used car loans are now much more than the vehicles are worth

Used car prices have been all over the map in recent times, with some used models exceeding their new MSRPs as demand soared and supply dwindled. While that situation appears to have been

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Family-owned Albany car dealership celebrating 80 years in business

In a neighborhood and industry that has seen a lot of change over the years, Quail Auto Sales is still here. The family-owned and operated car dealership and auto shop is celebrating 80

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Lithia Motors acquires Ford car dealership near Atlanta

Lithia Motors Inc. has acquired metro-Atlanta dealership Wade Ford, just a little over a week after adding 14 dealerships in Virginia from Priority Auto Group to its stable and continuing an aggressive acquisition

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Drivers could see used cars worth much less as sky-high prices fade

Drivers who took on auto loans at high interest rates and paid sky-high prices for cars could face headaches down the road as car values pull back in an economic slowdown. The car

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No, Used Car Prices Aren’t Going To Start Coming Down

The pre-owned car market is still in a strange place, many analysts are predicting a big crash due to due a variety of factors like inventory oversupply which is leading to a small

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European new car sales rose 18.5% in May, electric vehicles take larger share

Last Updated: June 21, 2023 at 2:06 a.m. ET First Published: June 21, 2023 at 2:00 a.m. ET New car registrations in Europe jumped in May with battery-electric vehicles taking a bigger market

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How to save money when shopping for a car – The Washington Post

With high interest rates, limited options, skyrocketing prices and scarce discounts, it’s a tough time to be in the market for a car. But if you want or need one now, there are

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Canada’s Alpha Auto to buy UK dealership Lookers for £465mn

Lookers, one of the last remaining listed car dealership groups in the UK, is to be bought in a £465mn deal after being approached by a private Canadian owner, Alpha Auto. The buyer,

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Why a “Pause” Points to Higher for Much Longer. CRE Blowups & Banks. CRE & the Housing Market. What’s the Deal with Inflation? And of course, New & Used Cars

by Wolf Richter • Jun 19, 2023 • 48 Comments Wolf Richter on This Week in Money, at HoweStreet.com Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer

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