Tag Archives: Sales

Additional cess above GST to be removed on used car sales

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 on certain categories of second hand vehicles will now not be chargeable, according to a recent notification by the Under-secretary to the Government of India. For instance certain categories of larger vehicles in the above 4 metre range were ... Read More »

Used-Car ‘Time Bomb’ Expected to Drag on U.S. Auto Sales

It’s going to be tough to beat last year’s record U.S. sales of 17.55 million cars and trucks, according to a new study released Wednesday by AlixPartners. The consultancy expects a total of more than 1 million vehicles to come off lease last year and this year, creating a “used-car time bomb” that drags on demand for new autos. For the ... Read More »

Domestic car sales down 11.24% in June, shows SIAM data

Domestic passenger vehicle sales declined by 11.21 per cent to 198,399 units in June from 223,454 units in the same month last year. Domestic car sales were down 11.24 per cent to 136,895 units as against 154,237 units in June last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Motorcycle sales last month, however, rose 2.18 per cent ... Read More »

Used Car Sales Going Strong in U.S: Analysts

While new car sales have slipped from 2016, robust demand for used vehicles means US car dealerships will still see strong sales this year, industry analysts said Wednesday. Jonathan Smoke, the chief economist for Cox Automotive, said the data already indicate the shift to more used vehicles is well underway.  “Dealers are selling more vehicles but the mix is changing ... Read More »

Russ Darrow Group ranked first in Wisconsin for used car sales

Russ Darrow Group was again ranked as the number one used car dealer in Wisconsin based on results compiled by Automotive News and published in the publication’s March 2017 issue. Darrow was ranked number 43 in the country, selling 13,691 used vehicles in 2016, an increase of more than three percent when compared to the group’s 2015 used car sales. ... Read More »

New car launches see a decline in sales in May

Maruti Suzuki launches new sedan “Dzire” in New Delhi, on May 16, 2017. Photo: Amlan Paliwal/IANS Key highlights: Passenger vehicle sales rise by 8.6% in May 2017 Dzire sees a 44% decline in sales in May Tata Hexa launched in January too a decline of 40.1% in sales The month of May saw passenger vehicle sales rise by 8.6% in ... Read More »

Falling New Car Sales: How You Can Benefit

After several years of robust growth following the Great Recession, new auto sales declined 4.7 percent in April, following a 1.6 percent decline in March. The drop occurred despite manufacturers spending an average of $3,814 per car sold in the first part of April on incentives for buyers and auto dealers, according to a study by J.D. Power and LMC ... Read More »

New car sales fall by 20 per cent in April

Vehicle registrations are down by a fifth as buyers looked to avoid the new tax rates in April but they’re still up on last year New car sales plummeted by 20 per cent in April as buyers looked to avoid the new, higher Vehicle Excise Duty rates introduced in the beginning of the month. Figures from the Society of Motor ... Read More »

Allen County new car sales plummet in February

LIMA — New car sales plummeted in Allen County last month, but officials are confident the numbers will pick back up in the spring. The number of new vehicles sold in the county was 301 in February, down from 490 in January and 494 in December, according to the Allen County Title Department. That represented a more than 38 percent ... Read More »

Nokia 6 Isn’t Being Sold in Flash Sales, It Just Sells Out That Fast, Clarifies HMD Global

Nokia 6, the comeback smartphone for Nokia, is selling like hot cakes in China. HMD Global, which owns rights to the Nokia brand, has now clarified that the Nokia 6 wasn’t being sold via JD.com following flash sales model. HMD Global wrote to Nokia Power User clarifying that the Nokia 6 is selling too quickly giving an impression that it ... Read More »