All articles tagged with #car sales
Rising oil and gas prices tied to the Iran conflict are weighing on China’s manufacturing-driven growth, with car sales plunging and consumer spending cooling, while toy factories face closures as plastics costs surge; though strategic oil reserves cushion some sectors and windfalls lift short-term profits, the economy shows cracks that could threaten the 4.5% growth target.
European buyers registered 308,955 new EVs in December across the EU, UK and EFTA, about 50% higher year over year, marking the first month EVs outsold gas-powered passenger cars. Hybrids remain the market leader, but EVs are closing the gap as more affordable models enter the market. For the full year, nearly 2.6 million EVs and about 4.6 million hybrids were registered in the region, while gas and diesel registrations fell significantly, signaling a continued shift toward electrification.
A California Honda dealership incident went viral after a woman says a salesperson pressured her for a date and hiked the price when she refused; she clarifies the advances were unwelcome, highlighting ongoing concerns about gender bias in auto sales and related price discrimination supported by historical studies.
The US car market is showing signs of fatigue as rising costs are impacting buyers' ability to purchase vehicles, indicating potential challenges ahead for the auto industry.
UK new car registrations exceeded 2 million in 2025, with electric cars making up 23.4%, but the reliance on heavy discounts to boost EV sales is deemed unsustainable by the SMMT, which warns that government incentives and policies like the ZEV Mandate may need review due to rising costs and market demand concerns.
Chinese automotive brands have increased their new car sales in the UK, surpassing 2 million units, indicating a significant growth in their market presence.
Car sales are declining due to economic uncertainty and high prices, with EV sales in China showing signs of fatigue, while Tesla gains market share. Meanwhile, a controversial Trump clemency involves a $1.6 billion fraud scheme, and South Korea secures a 15% tariff rate in US trade negotiations.
Tesla has launched a cheaper, stripped-down version of its Model Y following the end of US EV federal tax credits, aiming to boost demand amid declining subsidies and rising competition, but shares fell as analysts questioned profit margins and demand weakens in Europe due to Musk's political activism and increased competition from companies like BYD.
Hertz Global has launched a fully online car-buying marketplace, leveraging demand for used cars and collaborating with Amazon Autos, offering trade-in options, amid its shift away from electric vehicles due to higher repair costs.
Hertz has partnered with Amazon Autos to sell its used cars online, initially in select U.S. cities, offering inspected vehicles with warranties and buy-back guarantees, expanding Hertz's reach in the online used car market.
Stellantis has unveiled its new Jeep Cherokee SUV amidst declining sales, highlighting ongoing efforts to revitalize its vehicle lineup and attract customers in a competitive market.
Hertz has partnered with Amazon Autos to sell used rental cars in select US cities, with plans to expand to 45 locations, offering customers a convenient online shopping experience for pre-owned vehicles from various brands.
Hertz is partnering with Amazon Autos to sell used vehicles online, allowing customers in select cities to browse, purchase, and pick up cars at Hertz locations, aiming to expand its retail footprint and boost profits.
Tesla plans to develop more affordable vehicles and seek approval for its self-driving software in Europe amid declining sales, shrinking profits, and increased competition, with the company facing economic and political challenges that impact its growth and market value.
Lexus has discontinued the LC Hybrid after only eight units sold last year, with the V8 model remaining available in the U.S. The hybrid was poorly received due to its slow performance and sound, leading Lexus to focus on the more popular V8 version, which is considered a future collectible.