Tag Archives: Sales

A year after GST rollout, used car sales rebound in Q1 on lower base

The pre-owned car market has been subdued since November 2016, when the government demonetized high-value notes. Photo: Shankar Mourya/HT New Delhi: A year after implementation of the nationwide goods and services tax (GST), the organized used or pre-owned car sales market has started to recover albeit at a slow pace as the taxes imposed on such vehicles are still higher compared ... Read More »

Auto sales zoom in June, aided by new car launches, low base due to GST

Passenger car market leader Maruti Suzuki’s domestic sales (excluding vans, commercial vehicles) rose 45.32% last month. Photo: Reuters Mumbai: Automobile sales that grew in May picked up further speed in June, aided by new model launches and the low base of the previous year. India’s top five carmakers, Maruti Suzuki India Ltd, Hyundai Motor India Ltd, Tata Motors Ltd, Mahindra and ... Read More »

Report: Autonomous Cars Will Kill New-Car Sales in 2030

An influx of self-driving cars will trigger growth in ride-sharing services such as Uber and Lyft, causing new-car sales to plummet by 2030, according to a new report by financial services company Credit Suisse. “Our global automotive production chain model forecasts global car production flatlining in 2030 with rising production in developing markets offset by declines in developed markets,” the report said. The ... Read More »

Silicon Valley Auto Show hopes tech can help drive auto sales

The 2018 Silicon Valley Auto Show is underway at the McEnery San Jose Convention Center, showcasing a wide range of new technological features to improve safety and comfort. (KGO-TV )  The 2018 Silicon Valley Auto Show is underway at the McEnery San Jose Convention Center, showcasing a wide range of new technological features to improve safety and comfort. Some of ... Read More »

Auto firm links sales of used cars and new vehicles

The mobile phone app of Guazi.com, China’s largest used-car dealer, which is now a car trading firm.[Photo provided to China Daily] An auto services firm is riding the internet and technologies such as big data to adopt a new business model that integrates used-car and new-car sales businesses, including features such as financing and after-sales services. On Oct 31, Guazi.com, ... Read More »

Phone Compatibility Effecting New Car Sales: Report

A new report conducted by Strategy Analytics finds that whether in North America, Western Europe or China, the average car shopper now agrees on one thing — they want to be able to use their handsets and their favorite apps while behind the wheel — even if it means paying a premium to do so. After a slow start, car ... Read More »

New car sales in UK fall for fifth straight month

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. New car ... Read More »

Tesla’s Growing Used Car Sales

As the media never tires of reminding us, the price of a new electric vehicle is still considerably higher than that of a (supposedly) comparable gas-burner. However, one point that is seldom discussed is that a huge slice of the auto market consists of used vehicles. Millions of car owners go through their entire lives without ever considering the purchase ... Read More »

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 »

Maruti Suzuki Ciaz Sales Cross The 1.7 Lakh Mark In India

The Maruti Suzuki Ciaz has been dominating the C-segment sedan space is India for quite a while now. Since its launch in 2014, Maruti Suzuki India has sold over 1.7 lakh units of the Ciaz in India. Despite heavy competition from the likes of the updated 2017 Honda City, the carmaker has been consistently selling an average of almost 5,500 ... Read More »