Retail demand that was strong in April and during the first part of May appeared to erode in the week before and week following Memorial Day, Cox Automotive Chief Economist Jonathan Smoke told
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[1/2] Geely vehicles are displayed at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo BEIJING/SHANGHAI, June 8 (Reuters) – China on Thursday announced a nationwide campaign to promote automobile
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Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.7% in May from April. The Manheim Used Vehicle Value Index (MUVVI) declined to 224.5, down 7.6% from a year ago.
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A sign reads ‘We Buy Used Cars!!’ at an auto dealership on February 15, 2023 in Glendale, California. Mario Tama | Getty Images DETROIT – Wholesale used vehicle prices reached their lowest level
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Ford is nearing an agreement to sell a plant in Germany, with two groups of Chinese automakers among the three leading bidders at a time when Chinese investments in Europe are under growing
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“That franchise has had a really good run of product, of profitability,” Kerrigan told Automotive News. “The largest dealership groups and the publics like Group 1 are looking to grow their relationship with
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SHANGHAI — Volkswagen Group’s Chinese joint venture with SAIC has transformed one of its plants in Shanghai for production, research and development of electric vehicles, VW said. Production of internal combustion engine models
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Some used cars are now thousands of dollars cheaper than this time last year. (Source: Getty) Used car prices have eased for the first time since February 2020, but buyers shouldn’t expect massive
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Every fifth new car was a Tesla Model Y. Jun 05, 2023 at 10:46am ET In May, the Norwegian passenger car market expanded by nearly 16 percent year-over-year to 13,342 units. The year-to-date
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MINNEAPOLIS — Whether you’re shopping new or used, the car market is hot. “Honestly, I’ve been trying to look everywhere I can,” Michaela Spielberger said. Spielberger has spent the last year looking for
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