Category: Global

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

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Dealers Now Getting Stuck With Pre-Ordered Cars

Things 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

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Just like new: Demand for pre-owned cars matches first-hand auto sales

India’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,

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The Intersection 12-25-22 | Automotive News

The 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

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This Is Why Car Dealerships Could Be Facing Tough Times

Car 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,

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Fresh batch of EVs coming to showrooms in 2023

Another 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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10 used cars under £2k that are actually worth having

This website is made by BBC Studios Distribution. BBC Studios is a commercial company that is owned by the BBC (and just the BBC). No money from the licence fee was used to

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Electric vehicles power up CA dealership after an earthquake

After 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

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LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation

Growing 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

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Plug-In Car Sales Decreased 8% In November 2022

Passenger 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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