Category: Global

U.S. Auto Dealer Sentiment Improves in Q1, but Current Market View Remains Weak as Profit Pressures Replace Inventory Woes

ATLANTA, March 13, 2024 – The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40

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Volkswagen says tough market to weigh on car sales growth in 2024

By Miranda Murray and Nick Carey BERLIN (Reuters) -Volkswagen expects a 3% rise in its car sales this year, down sharply from 2023 amid a gloomy economic outlook and growing competition. Presenting the

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Over 100k annual electric ute sales needed by 2029 to hit Australian emissions target

The Federal Government’s proposed emissions standards will require half of all ute sales in Australia to be of electric models by 2029, a recent study has found. The Australian Automobile Association (AAA) –

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The Best $10K You Can Spend on a Used Car, According to Experts

Bruce Benedict / Kia The average cost of a used car in the U.S. is $26,533, according to Kelley Blue Book (KBB). But if you’re on a tight budget, or if you’re looking

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Demand For Used ICE Cars To Increase As Supply Dries Up In The UK

With fewer ICE vehicles making their way into the used market, it’s predicted that dealers will be fighting over combustion powered cars in the used markets ... Continue reading this news update.

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China technology giant Xiaomi starts electric car sales

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Used EV Prices Plummet 32% As Tesla Price Cuts Impact Industry

Following a series of aggressive price cuts, used Tesla have fallen 28.9% in value

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Miami’s trendy Edgewater neighborhood draws third car dealer, with room to build sky high

Miami’s booming high-rise utopia Edgewater has attracted something beyond a residential developer — its third car dealership on a key site. The Raleigh-based Johnson Automotive Dealership Group acquired the Staples office supply store

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A Canadian shelter sells older cats like used cars, and it’s pretty effective … and hilarious.

These mustached Canadians decided to treat older shelter cats like used cars. Why? Because in a world where around 8 million pets enter shelters and only around 4 million get out, that’s a

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