Car sales slowing down in both China and IndiaChangRan Kim Reuters
"While robust domestic demand and an improving health backdrop will keep a floor under vehicle sales through the rest of 2021, the pace of sales will be weighed down by inventory constraints," Rasheed wrote. Blame the chips A shortage of semiconductor chips, which are essential components of n...
In Q2, all-electric car sales of Mercedes-Benz Cars amounted to roughly 45,800 and were lower by 25% than a year earlier. It brought the EV share down to 9.2%.
When slowing down or breaking, the electric motor recharges its batteries.Hybrid cars are better for the environment because they have a much smaller engine than a traditional car. Also, hybrid cars on the market are made using materials such as aluminum and carbon fiber, which makes them ...
dreaming of owning one. Drivers want a very durable sports utility vehicle that’s both easy to handle and smooth to drive. SUVs have been outselling sedans for years now, and their popularity shows no signs of slowing down. SUVs are actually forecasted to make up78% of car sales by ...
Volkswagen dominates the market in north China, where people set store by vehicle endurance, safety functions, and high technology. Sales are especially high in the cities of Shanghai and Changchun, which are Volkswagen's two main production bases. Shanghai provides 9.2 percent of the manufacturer...
(Reuters) - Several global automakers are scaling down their electrification targets, hurt by slowing demand for fully electric vehicles due to lack of affordable models, slow roll-out of charging points, growing trade tensions and increased competition from cheaper Chinese rivals. The global ...
"From a fleet point of view, we believe that while the car element of the ZEV Mandate requires some moderation, vans are the real issue. Electric van sales have been flatlining at around 5 per cent for over a year and the reasons for this are that the practical limitations of th...
Trax sales in the U.S. so far this year are up 130%, making it the nation’s top-selling subcompact SUV. “We’re basically doubling our (Trax) sales volume from last year,” MacPhee said. How long the preference for lower-priced vehicles may last is unclear. Charlie Chesbrough, chie...
British Auto Market kept its five-year streak in 2024, growing 2.6% to 1.95 million units. Volkswagen held the lead, but BMW closed in fast. EV sales slipped 10.3%, struggling to gain traction.