Tag Archives: Down

Hyundai’s 5 new car buying finance schemes explained: Low EMIs, no down payment and more

To reach the consumers during the ongoing coronavirus pandemic, Hyundai Motor India announced its “Click-to-Buy’ online sales platform where one can book and purchase a new model. Along it came the 360 Digital Service & Contact-less Service Experience for after-sales solutions as well. Hyundai India has now made efforts to help reduce the immediate financial burden customers with 5 new ... Read More »

Future Group fires 400 employees to scale down e-comm venture

Mass layoffs in India are no longer limited to only the information technology and automobile sectors, as witnessed last year. In the past couple of months, Indian companies and startups have been shedding jobs to balance their mounting financial stress. The massive layoffs are happening across segments, and this time the new-age startups are in the lead. And the list ... Read More »

UK: New car market down 6.7 percent in October

Demand for new cars in the United Kingdom fell 6.7 percent last month, the automotive industry said. Some 10,348 fewer cars were registered in October than during the same month in 2018, according to the Society of Motor Manufacturers and Traders (SMMT). The figure reflects a tough environment for businesses and consumers as economic and political uncertainty continue to hit confidence, the ... Read More »

New Car Registrations Down By 4.6%, Two-Wheelers By 5% In June 2019: FADA

Uttar Pradesh had the highest vehicle registrations last month at 2,93,905 units The Federation of Automobile Dealers Associations (FADA) today released the Monthly Vehicle Registration Data for the Month of June 2019. According to the FADA report, last month, the total Vehicle Registrations fall 5.4 per cent. This includes a drop of 4.6 per cent in passenger vehicle sales, and ... Read More »

Thinner new-car margins drag down Sonic Q2 earnings

Sonic Automotive Inc.’s net income tumbled 47 percent to $12.1 million in the second quarter, the publicly traded dealership group said Friday. Squeezed new-vehicle margins were largely to blame, executives said, due to competitive pricing pressure, automakers’ trying to limit incentives and a glut of nearly new off-lease cars. An ongoing economic slump in the oil patch states, such as ... 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 »

Cruise night spotlight Massive “bucket list” car show touches down in Wisconsin

Attendees of one of the America’s largest collector car shows mill around a sample of the more than 2,200 cars on display. (Iola Car Show) Situated 230 miles north of Chicago, the small town of Iola, Wisconsin hosts one of the largest annual antique car shows in the country. The three-day Iola Car Show will honor the 50th anniversary of the ... 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 »

Nunes steps down from Russia-Trump investigation

House Intelligence Committee Chairman Devin Nunes on Thursday stepped down temporarily from his role leading the committee’s probe of Russian interference in the 2016 presidential campaign and possible surveillance of Trump associates by the prior administration. Nunes in a statement cited the efforts of “several leftwing activist groups” to lodge “entirely false and politically motivated” accusations against him with the ... Read More »

Cyanogen Shutting Down Services by December 31; CyanogenMod to Transition to Open-Source Lineage OS

After months of internal turmoil, Cyanogen finally announced that it will shut down all services and Cyanogen-supported nightly builds on December 31. The company revealed that the move is a part of the ongoing consolidation of Cyanogen. With this, CyanogenMod will be killed, though the company has also confirmed its next open-source initiative dubbed Lineage. “The open source project and ... Read More »