Demand was unusually low in the fourth quarter of 2022, normally the peak shopping period just before Tet, the Lunar New Year, which falls in January-February.
News ID: 4554 Publish Date : 2023/03/01
Light-vehicle sales in Russia in 2022 totaled 687,370, down 58.8% from a year earlier, according to Wards Intelligence data. But the Association of European Businesses projects new-vehicle sales in 2023 will rise 12% as the market offers more Chinese brands.
News ID: 4553 Publish Date : 2023/02/28
The pre-sale plan of imported cars started with many uncertainties and it is considered as an irrational deal as the government seeks to compensate for the lack of liquidity in the last days of the year by relying on this income and the applicants also seek to maintain the value of the currency in the current situation.
News ID: 4552 Publish Date : 2023/02/27
The integrated car allocation system was activated yesterday afternoon for imported cars, and the financial prerequisite for registration in it is the deposit of 500 million tomans (as a deposit) and why this amount is taken and the fate of the huge liquidity resulting from it, is a big question mark for the public.
News ID: 4551 Publish Date : 2023/02/26
Looking at overall market sales by fuel type, the demise of diesel is visible to the naked eye.
News ID: 4550 Publish Date : 2023/02/26
The humble element zinc is a key ingredient for the auto industry, and its uses are still expanding.
News ID: 4549 Publish Date : 2023/02/24
A quick look at two automaker's job sites showed listings for 283 software engineer positions at General Motors Co. 364 at Ford Motor Co.
News ID: 4548 Publish Date : 2023/02/22
In January 2023, the European Union passenger car market grew by 11.3% to 760,041 units, starting the new year on a positive note. However, this was largely due to an unusually modest base of comparison in 2022, when the lowest January volume on record was reached.
News ID: 4547 Publish Date : 2023/02/21
The Inflation Reduction Act (IRA) in the U.S. is a law that also provides high tax incentives for electric cars and renewable energies. The ten-year U.S. subsidy package is worth $370 billion (currently 346 billion euros).
News ID: 4546 Publish Date : 2023/02/21
The Audi e-tron quattro and e-tron Sportback quattro were the two first all-electric Audi models on the market in the United State. Let's take a look at the latest 2023 model year edition.
News ID: 4545 Publish Date : 2023/02/20
After facing a 40 per cent drop in sales of cars, SUVs, pickups and jeeps in 7MFY23 to 94,296 units, auto sector stakeholders believe that the next five to six months appear more challenging than the previous seven months.
News ID: 4544 Publish Date : 2023/02/20
Overall spending on new and used passenger cars dropped over 15% in 2022, as inflation pushed up prices and drove living standards down, data from analytical agency Autostat shows, despite a 14% rise in spending on used cars.
News ID: 4543 Publish Date : 2023/02/19
Generous U.S. aid and China's expansion are threatening Germany's role as a top manufacturer.
News ID: 4542 Publish Date : 2023/02/19
The resolution of the Council of Ministers regarding the national number plate of vehicles allowed to travel in free zones was announced by the first vice president yesterday, and import activists believe that this resolution will not only have positive effects on the market, but also inflation of car prices in free zones.
News ID: 4541 Publish Date : 2023/02/15
Today (Monday, 24th of February), the First Vice President announced the resolution of the Council of Ministers regarding the method of national license plates and traffic in the mainland of vehicles allowed to drive in commercial-industrial free zones.
News ID: 4540 Publish Date : 2023/02/14
The regulation could increase production costs by up to 1,000 euros per vehicle and would occupy precious engineering capacity to improve combustion engines instead of electric vehicles, according to the representatives.
News ID: 4538 Publish Date : 2023/02/12
The automotive industry is likely to miss climate goals by 75%, according to a study backed by electric vehicle makers Polestar and Rivian (RIVN.O) that was released on Wednesday.
News ID: 4536 Publish Date : 2023/02/09
The manner of supply and pricing of cars has caused tension between the competition council and car manufacturers for a few days, which seems that with yesterday's decision of the Consolidation Commission to sell cars on the stock market in 1402, the transparent supply of cars will finally continue.
News ID: 4535 Publish Date : 2023/02/09
Randy Miller predicts coming developments around vehicle sales and industry megatrends
News ID: 4534 Publish Date : 2023/02/05
The adoption of two automotive decisions by the Ministry of Industry and the Parliament in recent days was accompanied by many protests and concerns, and in the situation where the lack of foreign exchange resources was cited as the main reason for stopping imports, the reduction of the tariff and the forecast of the introduction of second-hand cars in the 1402 budget bill With the aim of organizing the market, it has surprised everyone.
News ID: 4533 Publish Date : 2023/02/01