123,000 of the 5.4 million new vehicle sales generated in the United States over the last four months are new vehicle nameplates which weren’t on sale at this time a year ago.
Between January and April, the Ford Transit, Acura TLX, Chevrolet Trax, Lexus NX, and 18 other new nameplates accounted for 2.3% of all new vehicle sales volume in the United States, way up from the 1.7% achieved by a smaller fleet of all-new nameplates during the same period one year earlier. (Read More…)
The law of unintended consequences has found another victim in Norway as the nation re-assesses its electric vehicle incentives amid soaring sales.
In an investigative segment on ABC’s “Good Morning America” Thursday, ABC News purchased a vehicle under recall from a dealer who had not repaired it.
By the end of Q1 2015, PHEVs are expected to take 1 percent of the overall U.S. domestic market despite fuel prices continuing their downward spiral.
Last year, the Cuban government finally made it legal for its citizens to freely buy new vehicles for the first time since Fidel Castro sent Fulgencio Batista packing in 1959. The people rejoiced right up until they saw the prices on the showroom floor this January, family sedans marked up 400 percent or above as if they were Ferraris and Bugattis.
For the first time in more than a decade, new car sales in India have failed to post a year-over-year increase. Instead, a sharp drop in sales spells bad news for carmakers with heavy investments in that important developing market.
Brazil’s government has announced that it will gradually end the rollback on taxes on manufactured goods including cars.
On Tuesday, the Brazilian government said that tax breaks on cars will be slowly rolled back next year, according to a report by Reuters. The government has to make up for billions in lost revenue that has harmed Brazil’s finances this year and had previously announced that it was going to revive the industrial products tax, known as IPI, charged on cars and other manufactured goods. Though many analysts expected an immediate return to the former 7% tax on new cars, the government decided to phase the taxes in gradually, starting with an increase in January from 2% to 3%. (Read More…)
Bad European car sales are about to get worse. French September car registrations dropped 18 percent year-on-year, while Spain’s plunged 37 percent, Reuters reports. (Read More…)
Europe’s new car market continues on its downward spiral with sales down 2.8 percent in June. Half year sales are down 6.8 percent across the EU, data released today by the European Automobiles Manufacturers’ Association ACEA show today. Some countries and automakers do much better, some much worse. (Read More…)
Yesterday, we brought you the bad news about European auto sales in April. You are a gearhead, you don’t care about market share and percentiles, you care about cars! Here is how cars fared in Europe in April. Are you safely buckled-up? (Read More…)