Europe’s new car sales took a massive plunge no thanks to the restrictions amid the coronavirus pandemic, as they dropped by 57 percent in May and 43 percent during the first five months of 2020. According to information shared by JATO Dynamics and registered across 27 European markets, the best-selling car last month was the […]
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The coronavirus hammered U.S. auto sales in April as a number of brands posted declines of more than 40%. Fast forward to today and the picture is notably brighter as auto sales have almost return to pre-pandemic levels. While most companies have transitioned to quarterly results, the handful of automakers that post monthly sales figures give […]
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While car sales across the world have been crippled by the coronavirus, it’s emerged that sales of luxury cars have bounced back strongly in China in the wake of the coronavirus pandemic. Information from the China Automobile Dealers Association reveals that luxury car dealers in the country sold 277,000 vehicles in April, an 11.1 per […]
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Eight months after its introduction in China, VW Group’s Jetta brand has sold approximately 81,000 vehicles. In April 2020 alone, the marque delivered 13,500 cars to customers, which equals roughly 1 percent of the world’s largest automotive market. The brand increased its market share this year as younger, price-conscious customers in China buy cars to […]
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If you thought March new car sales were catastrophic, you’re probably not prepared to face the April statistics. Since in many markets April was the first full month with restrictions imposed to contain the coronavirus, sales plunged to historic lows. The worst hit region was Europe, where passenger car sales reached a record drop of […]
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Porsche is looking to increase its online marketplace presence with the launch of Porsche Finder, a pre-owned and certified pre-owned vehicle search platform. The website searches through the inventory of all 192 Porsche dealerships across the United States. Customers can optimize their search results for model and generation as well as vehicle equipment and packages, […]
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March sales figures were dreadful as a number of automakers saw massive declines due to the coronavirus. Those numbers are expected to drop even further this month as more states announce stay-at-home orders, while other extend existing orders. With this is mind, the United States’ largest chain of dealerships that operates in 325 locations has […]
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Sales figures for new cars in the month of March have been announced in Australia and reveal a market dealing with the consequences of the Covid-19 outbreak. According to figures released by the Federal Chamber of Automotive Industries (FCAI), a total of 81,690 vehicles were sold in Australia last month. Of those, 21,277 were passenger […]
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General Motors released its sales figures for the first quarter of the year this week and unsurprisingly, they are down on where they were 12 months ago. Of particular interest are sales relating to the Corvette Stingray. In total, Chevrolet sold 3,820 examples of the Corvette (both C7 and C8) in the first three months […]
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VW of America, together with Volkswagen Credit have launched their so-called Community-Driven Promise initiative, looking to help customers that have been impacted by the COVID-19 pandemic, as well as those in need of financial cushioning. The carmaker is willing to defer payments for up to 90 days for existing customers, while also offering lease extensions […]
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