Category: Global

Tesla cuts prices across the board up to 20%

(Green Car Reports) — Tesla has once again lowered prices. As of Thursday the automaker’s online configurator shows price cuts for every model in its lineup. The Model Y received the biggest cut,

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84-month loans surge for new and used vehicles

Wells Fargo would continue to examine the topic, but “it’s not what we do today,” Sanders said. Chuck Jones, COO of Truist Dealer Financial Services, told the summit his bank had offered 84-month

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Used-car volume hits lowest mark in nearly a decade

The declines indicate a market environment that has significantly changed since 2021, when robust demand and favorable economic conditions propelled used-vehicle sales to a record 40.6 million in total and 21.2 million at

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Carvana to lay off more workers amid weak used car sales -WSJ

Jan 13 (Reuters) – Carvana Co will lay off more workers and take other measures such as reduced work hours as the used-car retailer contends with weak sales, the Wall Street Journal reported

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Russian car sales down 58.8% in 2022 as sanctions hit auto industry hard

Author of “The Coming Collapse of China” Gordon Chang joins ‘Cavuto: Coast to Coast’ to discuss the partnership between Russia’s Vladimir Putin and China’s Xi Jinping, a potential spring meeting and Biden’s attitude

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Inventory crisis dragged auto sales to a decade low in 2022

U.S. automakers dominated the luxury and domestic segments in 2022, with Tesla outrunning BMW and General Motors overtaking Toyota Motor. According to Automotive News estimates, Tesla sales soared 44 percent to 491,000 units. Demand

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The Used Car Market Remains in Chaos

Photo: Getty Images (Getty Images) Manheim, which is the biggest wholesale car auction house in the U.S., publishes a used car value index every month based on its auctions, which showed Monday that

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Carvana hands over Michigan dealer license in deal with state

Used-car megastore Carvana said Wednesday it is back to “business as usual” in Michigan after reaching a settlement with the state as part of an ongoing dispute over the state’s claim that Carvana

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Harman touts new in-vehicle cabin technologies

LAS VEGAS — Automotive technology company Harman sees new cabin features such as monitoring a driver’s vital signs or upgrading audio experiences as an essential marketing strategy automakers can use to attract buyers.

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Used vehicle prices are falling but not enough to offset record highs

A salesman walks past used Toyota Motor vehicles at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images DETROIT — Used vehicle

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