Auto sales are down in the U.S. but pricing is heading higher (NYSE:TM)
Cox Automotive runs through the state of the U.S. auto industry with Q3 in the books. The research firm notes Q3 sales volume in total was only down 10% compared to year ago levels, which in normal times might be…
Ford Fiesta scrap diesel model in favour of a new ecoboost hybrid engine as sales decline
Ford has confirmed that the diesel Ford Fiesta will be scrapped as sales collapsed to a shadow of previous predictions. Ford had previously predicted that their diesel model would account for nine percent of the Fiesta’s sales in the UK.…
California Home Prices Expected To Stagnate As Sales Slow In 2021
LOS ANGELES , CA — California home price increases and sales are expected to slow in 2021, but the Los Angeles-based California Association of Realtors doesn’t forecast widespread price drops. Despite the economic uncertainty caused by the pandemic, California home…
Europe Can Win Electric Car Sales Race If It Learns From China
(Bloomberg) — Sales of electric vehicles in Europe are growing at such a pace that the continent looks increasingly likely to outpace China in the near future. Load Error That’s one of the findings of a report released Tuesday by…
Car sales in China shine as rest of the world reels from coronavirus
Demand for cars in China is going from strength to strength, making the automobile market in Asia’s biggest economy a lone bright spot as the coronavirus pandemic puts a damper on sales in Europe and the US.Sales of sedans, SUVs,…
Why China’s September car sales jumped
Due to the steep decline in first-quarter volume amid the virus outbreak, demand for new light-vehicles in the first nine months dropped 12 percent to below 13.4 million. But new commercial-vehicle deliveries advanced 20 percent to top 3.7 million in…
China’s auto sales continue to see double-digit growth
Photo taken on Sept. 29, 2020 shows a new energy vehicle of HiPhi at the 2020 Beijing International Automotive Exhibition in Beijing, capital of China. (Xinhua/Ding Hongfa) BEIJING, Oct. 13 (Xinhua) — China’s auto sales last month rose 12.8 percent…
Europe can win EV sales race if it learns from China, report says
Besides heavily subsidizing EVs, the government in China has created an effective infrastructure and implementation strategy that is crucial to supporting adoption, the report found. According to the International Energy Agency, the number of public slow- and fast-charging spots reached…
China’s September passenger car sales rise for third straight month, as consumers put Covid-19 firmly in their rear-view mirrors
Customers who delayed their car purchases in the first half of this year are coming back, a Shanghai car sales manager says. Photo: Xinhua China’s passenger car sales grew for a third straight month in September, and industry insiders said…
China auto sales jump in ‘Golden September’ as shoppers return to showrooms
BEIJING/SHANGHAI (Reuters) – China auto sales marked a sixth straight month of gain, rebounding a solid 12.8% in September as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown. FILE PHOTO: A staff member sprays disinfectant…
