Tag Archives: prices

‘Crude prices to hold firm in future as supply tightens’

Crude-oil prices have been rising sharply in international markets as OPEC is committed to rebalancing the crude oil market. The latest update shows that OPEC’s crude-oil production in March further declined to 30.02 million barrels a day, from 30.56 million b/d the previous month. A steep decline in production from Saudi Arabia, Venezuela and Iraq led to rise. Saudi Arabia ... Read More »

Slew of new car launches, high fuel prices: Used cars sold 4 lakh units more than new in 2018

In value terms, the used-car market clocked almost two-thirds the business recorded for new cars last year — Rs 1.4 lakh crore for used cars versus Rs 2.2 lakh crore for new. (Representational) MARKING A trend that appears to be gaining strength, India’s used-car market saw the sale of 40 lakh vehicles in 2018 to overtake the volumes for new ... Read More »

New Maruti Wagon R 2019 Roundup: Prices, Review, Rivals, Variants, Features & More

Maruti has sold over 2 million units of the Wagon R hatchback in India since it was first launched nearly 20 years ago. Now in its third-generation, the new 2019 Wagon R has a lot of changes to talk about. And to guide you through it, we’ve compiled everything there is to know about it in a neat list right ... Read More »

Petrol prices in India slide further as crude gets into $50 range

Petrol prices have slid globally amidst the upheaval in the oil market following the sanctions on Iran and increased output from OPEC as well as America. With the prices for Brent crude hitting the $50 range after peaking at about $74 about a couple of months ago, the prices in India have also reduced from the all-time high they had ... Read More »

Tata Nexon AMT Launched; Prices Start From ₹ 9.41 Lakh

Tata Motors has announced the launch of the Nexon AMT or as the company likes to call it HyprDrive. The petrol with the AMT is priced at ₹ 9.41 lakh while the diesel is priced at ₹ 10.3 lakh (both prices ex-showroom Delhi). The Nexon AMT is only available with the top-end XZA+ variant on both the petrol and the ... Read More »

Used-vehicle prices falling amid glut

The average used car lost 17 percent of its value in the past 12 months, dropping from $18,400 to $15,300, according to data from Black Book, an auto analytics company. Photo credit: DAVID PHILLIPS Car sales in the U.S. have been rising for seven consecutive years now, and it’s denting the value of whatever is currently parked in your garage or ... Read More »

2017 Skoda Octavia Facelift Launched In India; Prices Start At Rs 15.49 Lakh

The new 2017 Skoda Octavia facelift today officially went on sale in India priced at ₹ 15.49 lakh to ₹ 22.89 lakh (ex-showroom, India). Primarily available in three trim options – Ambition, Style and Style Plus and eight different iterations based on engine options and transmission. The current generation Octavia was launched originally in 2013 and goes up against the likes of ... 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 »

Fitch: European Diesel Restrictions Could Hit Used Car Prices

(The following statement was released by the rating agency) LONDON, April 26 (Fitch) The prospect of greater restrictions on diesel-engine cars in Europe has not affected used car prices so far, but this could change if the restrictions caused a rapid and large shift of demand away from diesel cars, Fitch Ratings says. Implications for auto loan and lease ABS ... Read More »

Inflated New Car Inventory Could Be Killing Used Car Prices

Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know. 1st Gear: Inflated New Car Inventory Could Be Killing Used Car Prices Analysts have long suspected that high volumes of lease turn-ins would kill used car prices, but that’s ... Read More »