Tag Archives: Market

Thousands of hurricane cars expected to flood used car market

HOUSTON, TX – SEPTEMBER 06: A car sits in floodwaters outside of a home on September 6, 2017 in Houston, Texas. Over a week after Hurricane Harvey hit Southern Texas, residents are beginning the long process of recovering from the storm. (Photo by Justin Sullivan/Getty Images) DENVER– AAA has a warning for future car buyers:  Beware of flooded cars from ... Read More »

‘Higher GST rates will turn buyers away from organised used-car market’

GST does not discriminate between new and used cars Players may not be able to increase prices for fear of losing customers CHENNAI, JULY 14:   High GST rates on used cars have hit margins of organised players in the business. GST does not discriminate between new and used cars as the rates are the same. So pre-owned car dealers in ... Read More »

GST impact on the used car market: Here is how much your new but pre-owned car would now cost

GST or Goods and Services Tax came as a good decision for the Indian automotive industry. A number of segments witnessed a considerable drop in their ex-showroom price which includes the requisite tax. Cars categorised in the SUV segment as well as most other segments have seen a considerable drop in prices. Annoyingly though, hybrids are now more expensive while ... Read More »

GST effect: Used car business could impact the new car market in India

The Goods and Services Tax (GST) that will be enforced from 1 July has the potential to realign the largely unorganized used car market into a more organized frame work say industry leaders. Interestingly, sale of old and new cars is inextricably linked. It is estimated that about 27-28 percent of new car sales accrue through exchange of old models. ... Read More »

Flood of off-lease used cars push prices down, upend market

DETROIT – In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Now they’re coming back to haunt the automaker. Like many companies that juiced sales with sweet leases during the past few years, Nissan’s luxury brand now ... Read More »

Tommy Wright: St Johnstone are shopping in the used car market

St Johnstone’s weekend opponents Aberdeen have got to second in the Premiership by splashing out on Mercedes cars, according to Perth boss Tommy Wright. And the McDiarmid Park side have got to fourth with shrewd second-hand deals. Wright, who praised chairman Steve Brown for helping him build a squad that would be the envy of many a manager in the ... Read More »

Huawei Catches Up With Samsung, Apple in Smartphone Market

Chinese smartphone maker Huawei managed to gain ground on Samsung and Apple in terms of market share last year, following the problems encountered by the two sector giants, the Gartner consultancy group said on Wednesday. Over the year as a whole, the Chinese maker saw its sales leap by 26.7 percent, while the South Korean and US rivals both saw ... Read More »

Chinese Firms Dominate Indian Smartphone Market in Q4 2016: IDC

Smartphone shipment in the country remained almost flat at 25.8 million units in the October-December 2016 quarter compared to the year-ago period, impacted by demonetisation and seasonal slowdown after festive sales, research firm IDC said. Compared to the July-September 2016 period, shipment in the said quarter declined sharply by 20.3 percent. “In CY Q42016, smartphone shipments clocked 25.8 million units, ... Read More »

Blackphone 2 Receiving an Update That Bricks Black Market Devices

Silent Circle, the manufacturer of the security-focused Blackphone smartphones, is releasing an update that bricks Blackphone 2 phones bought from the black market. The update in question is SilentOS 3.0.8 and it reads the IMEI number of the device. On checking, the update bricks the device. A notification popup appears on the screen of the counterfeit device that says, “This ... Read More »

China Nibbles at Samsung’s Share to Take 50 Percent of India’s Smartphone Market: Counterpoint

Chinese brands took their largest ever slice of the $10-billion Indian smartphone market in late 2016, accounting for more than one in every two phones sold – a growing market share that ate into sales from top-selling Samsung Electronics. Samsung, the single most popular smartphone brand in India, commanded a roughly 30 percent market share just over a year ago. ... Read More »