BEIJING/SHANGHAI — China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic growth remains weak.
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“There’s an environmental story about every single bit and bob that goes into every single automobile. That all has to be harvested and collected and transported. … [It’s] all of the energy that
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Off Lease Only, a Palm Beach County-based auto seller with locations in five Florida cities and one in Texas, has permanently closed and is laying off 466 Florida workers, the company announced in
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“One unit is one more spot on a rail [car], it’s one more spot on a truck. It does help the overall capacity,” Bell told Automotive News. “Every one we move is one
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BEIJING/SHANGHAI, Sept 8 (Reuters) – China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic
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Cox Automotive reported a slight uptick from July to August in its Manheim Used Vehicle Value Index. The index, which tracks vehicles sold at its U.S. wholesale dealership auctions, remains elevated from historical
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yangphoto China delivered 2.24 million cars in August, a record for a usually slow period of time. EVs and plug-in hybrids totaled 716,000, up 35% from a year earlier. The association said that
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A major player in the used car industry abruptly shut its doors after filing for bankruptcy Thursday. Former Off Lease Only employees said they were let go Wednesday with little warning. Off Lease
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Off Lease Only, a used vehicle-only dealership group with operations in Florida and Texas, filed Thursday for Chapter 11 bankruptcy protection. In a news release, the company said “significant challenges and competitive pressures
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Compact sedans and hatchbacks don’t get the love they used to these days, with seemingly everyone hung up on SUVs. However, those in the know understand that sedans and hatches can be just
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