Category: Global

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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Why 2023 could be another difficult year for the auto industry

A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters High interest rates, supply chain problems and recessionary fears were among the major challenges for the

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DAILY DRIVE PODCAST: December 26, 2022

How do I subscribe? Can’t wait to hear the next episode of “Daily Drive”? Subscribe through a podcast app to receive episodes days in advance. If you don’t have a podcast app already,

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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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Just like new: Demand for pre-owned cars matches first-hand auto sales

India’s youth are driving record sales for the automobile industry, not just in the new car segment but also in the pre-owned car segment. The demand for new-age features, even in pre-owned cars,

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The Intersection 12-25-22 | Automotive News

The Yearbook is back, packed with tons of useful data After the positive feedback we received from Automotive News subscribers on our first two Yearbooks, we’re happy to bring another one to you

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This Is Why Car Dealerships Could Be Facing Tough Times

Car dealers had quite the rollercoaster years during the pandemic. After a slow start, mostly because dealers had to close down showrooms due to lockdowns and stay-at-home orders, the sector picked up steam,

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Top 2022 stories covered by Automotive News

In 2020, we met COVID-19. Last year was all about the microchip shortage. In a refreshing reminder of what the Before Times were like, 2022 didn’t have one ongoing story that dominated the

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