Combined pressures during the pandemic saw limited new car availability push used car prices to record highs. Some analysts believe the used car market peaked at the end of 2021 and that as more new cars become more readily available, those historic prices will fall. TrueCar collects new and used […]
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Find Clearance Sales On A New Car!
Lots of the changes occurring within the automotive market in the present day, together with tightened credit markets in a capital-intensive industry and increased government involvement are the newest global challenges. There are three main types of motorcycle: road, off-highway, and dual goal. Within these types, there are many sub-kinds […]
BMW plunges to second-quarter EBIT loss as coronavirus pandemic hits car sales
FRANKFURT (Reuters) – BMW on Wednesday said it expected to post an operating profit for the full year despite coronavirus lockdowns pushing the carmaker to a second-quarter operating loss as deliveries of luxury cars fell by 25% during the period. The Munich-based carmaker said it swung to a 666 million […]
Coronavirus is a car sales roller coaster with an uncertain end
With no handy playbook, no precedents for the toxic economic fallout from COVID-19, the only thing predictable about auto sales is now unpredictability. And with viral spikes forcing fresh public restrictions — including in California, the nation’s largest auto market — any automotive recovery seems likely to follow the same topsy-turvy […]
Shoppers Eye 4th of July Car Sales as Pandemic Expedites Car-Buying Plans
Some consumers may celebrate the birth of the nation by buying a new car, as Fourth of July car deals and pandemic concerns provide an incentive to shop. Automotive marketplace Cars.com surveyed consumers who have an interest in acquiring a new car to see if the COVID-19 outbreak was impacting […]
These 15 car models saw the greatest growth in used sales since customers started buying again
2918 Nissan Rogue Sport. Nissan Car search engine and automotive research firm iSeeCars.com created a list of 15 vehicles that saw the greatest used car sale growth from May 2019 to May 2020. The list also included the vehicles’ respective month-over-month growth in 2020 from April to May. iSeeCars.com’s list — […]
Bargain-conscious Americans lift used-car sales in the coronavirus economy
By Nick Carey NAPERVILLE, Ill. (Reuters) – At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville. But the seeming oversupply was not a mistake. Despite plummeting sales at his store, […]
India’s car market reportedly flatlined to zero sales in April
In attempts to control the spread of the coronavirus and the COVID-19 pandemic, India has been been on lockdown since March 25 and will continue to be locked down until May 17. Like other countries in similar situations, India’s economy has been suffering clinging to life as a result. According […]
Tesla comes out top in worst month for car sales since 1946
The number of new cars registered in April slumped to a post-War low of just 4,321 as demand was hammered by the lockdown, although electric vehicles surged in popularity during the month. Total sales plunged 97.3pc from a year earlier, when 161,064 cars were registered to buyers. The collapse highlights the intense pressure on […]
UK car sales in April at lowest level since 1946
The coronavirus pandemic devastated new car registrations in the UK last month. Only 4,321 new cars were registered in the month of April, according to data from the Society for Motor Manufacturers and Traders (SMMT) on Tuesday — the slowest month for sales since the year after the Second World […]