Category: Global

Vehicle demand is finally slowing down

Throughout the pandemic, vehicles have been in high demand and short supply. Automakers have struggled to secure parts, like semiconductors, causing shortages of vehicles on dealer lots and higher prices. But in recent

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Toyota gains in Spain on Yaris, hybrid demand

Toyota was Spain’s top-selling brand for the second month in a row in November and for the eighth time in 11 months. The Japanese automaker’s 43 percent increase in volume to 7,923 units

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China’s EV exports surge to record on European demand

Exports of electric vehicles from China more than doubled in November, creating a monthly record, mostly fueled by European automakers that farmed out the production to the country.   Car manufacturers in China

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Prices Of Used Teslas Drop Way Faster Than Those Of Other Brands

The times when Tesla owners could sell their used EVs at a profit are gone. Tesla is cutting new car prices and prices of used Teslas are falling faster than those of other automakers.

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OUTLOOK ’23: Automotive sector hits the brakes for growth prospects

LONDON (ICIS)–Conditions have been challenging for the automotive industry in recent years, and no immediate reprieve is expected in the near term against a backdrop of geopolitical volatility. Growth expectations for 2022 were

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Used Tesla Prices Are Dropping Faster Than Other Cars

Prices for used Teslas are dropping faster than the rest of the used-car market, Reuters reported.  Secondhand Tesla prices dropped by some $11,500 between July and November.  Tesla investors are worried about waning

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Interest rates inflicting ‘huge dent into consumers’ budgets’ in used car sales: Analyst

Edmunds Director of Insights Ivan Drury joins Yahoo Finance Live to discuss the used car landscape and the impacts of elevated loan interest rates on car purchases. Video Transcript [AUDIO LOGO] SEANA SMITH:

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Tesla used car price bubble pops, weighs on new car demand

SAN FRANCISCO, Dec 27 (Reuters) – Tesla buyers who waited months for their new car have had an unusual choice for much of the past two years: keep the new electric vehicle, or

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Electric vehicle sales hit a tipping point in 2022

CNN  —  Next time you’re circling a full parking lot, try to remember what you saw in it just a couple of years ago. Things are different, now. There are a lot more

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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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