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Changing buyer preferences dent sales of global luxury car brands in China

Press Room -
According to a report from SCMP, changing consumer habits stem from deteriorating economic growth prospects, and favorable subsidy policies for mass-market cars weigh on...

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

Press Room -
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 -
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

PR Newswire -
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

TrendForce -
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

PR Newswire -
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

PR Newswire -
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

PR Newswire -
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

PR Newswire -
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

PR Newswire -
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...
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