New registrations of battery electric cars in the EU experienced a significant increase of 70.9% in sales in May 2023 to reach 129,847 units. This equates to a market share of 13.8%, and a four-percentage-point increase compared to May 2022. Most EU markets recorded double- and triple-di...
2023 (Q1-Q3): New passenger vehicle registrations in Europe expanded 17% with car sales highest in Germany, UK, France, and Italy.
Sales of used light vehicles in the United States came to around 38.2 million units in 2023. The same year, approximately 15.5 million new light trucks and automobiles were sold here. Declining availability of vehicles In the fourth quarter of 2023, about 288.5 million vehicles were in operatio...
In this blog post, we will dive into the world of conquest marketing strategies by exploring various opportunities that can empower dealers to boost their sales in 2023. Additionally, we will discuss how dealers can optimize their conquest marketing tactics in the coming year, ensuring sustained su...
The CPCA said that NEV sales growth has bottlenecked due to the expiration of the subsidy policy at the end of 2022. The fact there have been price cuts by leading makers such as Tesla is also prompting consumers to hold onto their money for now. ...
Global car sales fluctuated over the past years amid disruptions in the industry. In 2023, car sales worldwide grew past pre-pandemic levels.
The International Energy Agency (IEA) released its Global Electric Vehicle Outlook 2023 report, which shows that global electric vehicle sales will grow 35% this year to 14 million units, with China as the front-runner in this area.Editor: Chaiboqin ...
Looking at cumulative data up to October 2024, theToyota Corollawas still in pole position with 21,540 sales (-17%) and 4.9% market share. TheSkoda Octaviaranked in 2nd with 15,655 sales (+25.5%), followed by theToyota Yaris Cross-down 1 spot- with 12,887 units sold (+17%). ...
Output of China-made passenger vehicles reached 2.257 million units in August, representing a 5.3% year-over-year (YoY) increase, and retail sales of vehicles rose 2.2% YoY to 1.938 million, the first positive YoY growth since May, the China Passenger Car Association (CPCA) estimated. ...
Beyond that, nearly every used car dealership offers optional warranty protection to its customers during the sales process. Dealerships act as intermediaries that sell coverage from an automaker or aftermarket provider. Either of these ideas are generally considered a poor option because they are mark...