Tesla used car price bubble pops, weighs on new car demand
By Hyunjoo Jin and Nivedita Balu SAN FRANCISCO (Reuters) – Tesla buyers who waited months for their new car have had an unusual choice for much of the past two years: keep the
Read MoreBy Hyunjoo Jin and Nivedita Balu SAN FRANCISCO (Reuters) – Tesla buyers who waited months for their new car have had an unusual choice for much of the past two years: keep the
Read MoreThings are just beginning to favor car buyers for once. Lending institutions are getting stricter about making loans on new car sales that are depreciating faster, decreasing their values quicker. That means a
Read MoreIndia’s youth are driving record sales for the automobile industry, not just in the new car segment but also in the pre-owned car segment. The demand for new-age features, even in pre-owned cars,
Read MoreThe Yearbook is back, packed with tons of useful data After the positive feedback we received from Automotive News subscribers on our first two Yearbooks, we’re happy to bring another one to you
Read MoreCar dealers had quite the rollercoaster years during the pandemic. After a slow start, mostly because dealers had to close down showrooms due to lockdowns and stay-at-home orders, the sector picked up steam,
Read MoreAnother wave of electric vehicles is on tap for 2023 as automakers leverage new and freshened sheet metal to drive showroom traffic against a rising tide of economic and market headwinds. Crossovers and
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Read MoreAfter a 6.4 magnitude earthquake struck Northern California, thousands were left without power. One dealership in North Eureka found a unique solution by plugging in two of its electric vehicles – a Ford
Read MoreGrowing Morgan Automotive Group of Tampa, Fla., bought two Florida Kia dealerships from LMP Automotive Holdings Inc. last week and bought a Florida Stellantis store in a separate, unrelated November transaction. It marks
Read MorePassenger car sales in the Netherlands increased in November by 2% year-over-year (to almost 28,000), which turned out to be enough to once again outpace the plug-in car segment. According to EV Volumes’
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