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Buyers’ worries put brakes on used-car sales

The industry believes car sales are likely to fall for the rest year, indicating that the market will be in recession by the end of SeptemberSIMON DAWSON/BLOOMBERG VIA GETTY IMAGES The motor market is heading for recession after a 13.5 per cent slump in used car sales was revealed — the steepest fall on record. The industry has blamed a ... Read More »

Cars from Kojack, Back to the Future and Life on Mars at Stonham Barns show

A 1973 Buick Century, the same as driven by New York detective Kojak, will be at Sonham Barns. Picture: EARL ADAMS PHOTOGRAPHY They have travelled through time, chased bad guys and entertained millions of viewers – now they are coming to Suffolk. Classic cars which took starring roles in some of the most popular films and TV series of the ... Read More »

TV Review: ‘Carpool Karaoke’ on Apple Music

The viral “Late Late Show” segment struggles to find a voice on Apple Music If you’ve been living outside the reach of viral videos for the past year (kudos), you may not be familiar with “Carpool Karaoke,” the wildly popular segment of “The Late Late Show with James Corden” where Corden drives around Los Angeles with celebrities, singing. It is that ... Read More »

Tata Nexon First Drive Review: Betting Big On Next-Gen Design

I had first seen the Tata Nexon as a concept vehicle at the Auto Expo in 2014. The futuristic-looking compact SUV, had cuts and curves that looked 10 years ahead of its time and drew plenty of appreciation from the critics and crowds. Three years later, I’m in the driver’s seat of the Tata Nexon, and wonder of wonders, the ... Read More »

Planning to buy a second-hand car on loan? Here’s what you need to do

According to a survey done last year, the size of the Indian pre-owned car market is 3.5 million cars. This, as per the survey, was 1.2X of the annual sales volume of new cars. But, despite having a much bigger share in terms of the number of cars sold, only 15% of the used cars sold, were financed through used-car ... Read More »

German car-makers face existential crisis after betting on diesel future

The allegations of collusion among German carmakers have plunged an industry already tarnished by the Volkswagen diesel scandal into a fresh crisis. The news magazine Der Spiegel reported on Friday that German automakers — VW, BMW, Daimler, Audi and Porsche — had been engaging in cartel-like behaviour since the 1990s, in particular colluding with each other on the technical details of diesel exhaust treatment systems. The ... Read More »

GST Effect on Used Cars Deals: Buyers Pay More, Sellers Fetch Less

The Indian government has clarified that the Goods and Services Tax (GST) on used cars will be paid only on the margins made by dealers. There will be no incidence of GST on deals between individuals, as it is assumed that the taxes have already been paid at the time of buying a new car and charging GST on a ... Read More »

Posting photos of new car, fancy dinner on Facebook? Income Tax dept is now watching

Tax evasion is a big problem in India. So now government is not only hoping to monitor how much money people get into their bank accounts and how much they take out but also wants to monitor the Facebook, Instagram and other social media sites to see what people are buying. By keeping a note of the Facebook posts that ... Read More »

‘It’s the future of motor travel’: readers on driving electric vehicles

Øivind Johansen with his e-NV200 charging at Teie, Nøtterøy in Vestfold county. Photograph: Øivind Johansen Amid fears that rising levels of nitrogen oxides pose a major risk to public health, Britain plans to ban all new petrol and diesel cars and vans from 2040. As part of the government’s much-anticipated clean air plan it has said the move is needed because of ... Read More »

Additional cess above GST to be removed on used car sales

Earlier Maharashtra had enforced an additional road tax of 2 percent on varying vehicle rates over and above the GST on purchase of new vehicles. This 2 percent cess was to replace the existing octroi duties in the state. NEW DELHI: Good news seems to be in the offing for the used car market. The additional cess of 15 percent that was to be imposed ... Read More »