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Audi’s sales in South Korea are in free-fall

German automaker's sales plummet by 93% as competitors thrive Audi AG, a stalwart of German automotive engineering, is facing a dramatic decline in South Korea,...

BYD Set to Challenge Tesla for the Crown in EV Sales in 2024, Says TrendForce

TrendForce reports that global sales of NEVs, including BEVs, PHEVs, and FCVs, reached 13.03 million units in 2023—marking a growth rate of 29.8%. This...

Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

Constrained economic expansion will translate to slow growth across the new, used and wholesale auto markets, but 2024 is expected to be the best...

BYD Secures Fifth Spot in Global Auto Sales for July, Eyes International Expansion Amid Positive Outlook

In July 2023, global car sales faced a noticeable downturn, with 5.44 million vehicles rolling off the lot across 37 key markets—a 10% dip...

2022 UK car production down but EV output surges to new record

Annual UK car production falls -9.8% to 775,014 units in 2022 as global chip shortages and structural changes depress output. Record levels of electrified vehicle...

S&P: Americans appear ready for the European car-ordering model

A survey of US vehicle shoppers who bought cars in 2022 shows that a clear majority would be willing to wait for a vehicle...

No End in Sight: New-Vehicle Transaction Prices End 2022 at Record Highs

The average transaction price (ATP) of a new vehicle in the U.S. hit a record high in December at $49,507, an increase of 1.9%...

US auto market will remain volatile in 2022

Car-ownership app Jerry released its 2022 State of the American Driver Report, a comprehensive look at car-related trends, the adoption of new automotive technology, and...

As Americans Buy More Luxury Vehicles and Pickup Trucks, Average New-Vehicle Transaction Prices Soar

New-vehicle prices jumped up for a seventh straight month and hit another all-time high in October 2021, surpassing $46,000 for the first time. At...

Synergies of the Traditional and Direct Sales Models

With Tesla's introduction of the direct sales model and new energy vehicles (NEVs) driving sweeping change across the entire auto industry, traditional 4S dealers...

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