October 30, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    Ford logo in their auto plant

    Ford quarterly sales fall on the downturn in passenger cars demand

    Ford Motor on Monday reported a 1.3% decline in fourth-quarter vehicle sales as soft demand for passenger cars exceeded higher sales of pick-up trucks. Ford’s figures rounded off U.S. automakers’ sales for last year, with passenger cars dropping out of favor with buyers amid lower oil prices and as automakers concentrated on SUVs and pick-ups […]

    Ford , General Motors
    Tesla Inc logo

    Tesla made record 112,000 car deliveries in last three months

    Tesla stated Friday it delivered a quarterly record of 112,000 cars in the final three months of 2019, which paved the way for the electric automaker to surpass CEO Elon Musk’s sales targets for all of the last year. With its fourth-quarter figures, Tesla finished 2019 with 367,500 deliveries of its Model 3, Model S […]

    Tesla
    cars on urban road

    Discounts fuel U.S. pick-up truck sales in a sluggish market

    U.S. automakers on Friday have reported another year of stable sales of pick-up trucks, as discounts throughout the crucial holiday season and lower interest rates on vehicle loans which brought buyers while demand for passenger cars retreated even more. Passenger cars have dropped out of favor with buyers despite lower oil prices and automakers have […]

    Cars
    hyundai celerio

    Hyundai, Kia sales drop to seven-year low, but has hopes for better 2020

    South Korean automaker Hyundai Motor and affiliate Kia Motors turned in their lowest sales in seven years in 2019 as their sales in China slumped, missing their target for a fifth straight time, but forecast better figures for 2020. Weak 2019 sales speak about the challenges Hyundai Motor Group has been dealing with, including a […]

    Hyundai
    Oslo, Norway

    Tesla Record Pushes Norway’s Account of Electric Car Sales to 42%

    The share of electric cars for new registrations in Norway increased to a record in the last year, helped by Tesla Inc.’s best year ever in this country. Battery electric cars represented 42% of new car sales in Norway in 2019, increasing from 31% in 2018, the Norwegian Road Federation stated on Friday. Tesla sold a […]

    Tesla
    Toyota Prius C new

    Toyota expects 2020 car sales to stay at record highs

    Toyota Motor Corp expects its worldwide vehicle sales to stay at record high levels in 2020, even as demand shows signs of a downturn in China and the United States, the world’s top auto markets. The Japanese automaker stated it prepared to sell a record 10.77 million vehicles in 2020, including cars sold under the […]

    Toyota
    Subaru Wrx

    Subaru CEO expects record U.S. sales in 2020

    Subaru Corp expects its U.S. vehicle sales to boost to a record high in 2020, as demand for its SUV crossover models assists it to buck the environment of slowing car sales in the Japanese automaker’s biggest market. The company has seen increasing success in the United States, the world’s No.2 auto market, roughly doubling […]

    Subaru
    Nissan Leaf

    Germany Beats Norway To Become Europe’s Biggest Electric Car Market

    Germany has beaten Norway for sales of all-electric cars since the beginning of 2019, putting Europe’s biggest auto market in a position to become the regional e-car leader on a yearly basis for the first time. Until November, 57,533 new battery-powered cars were registered in Germany, compared with 56,893 of those in Norway, according to […]

    European
    cars on urban road

    Global car sales expected to drop by 3.1 million this year

    Car sales across the world are expected to observe their steepest year-over-year drop in 2019 since the financial crisis as consumer demand from the U.S. to China weakens. Global car sales are expected to drop by about 3.1 million this year, a bigger drop than in 2008, Fitch Ratings economics team stated Monday, mentioning data […]

    Cars
    Nissan Micra Gen5 images

    Nissan cuts profit forecast after 70% quarterly drop

    Nissan Motor reported a 70% fall in quarterly profit on Tuesday and slashed its full-year forecast to an 11-year low, affected by a strong yen and falling sales, and highlighting the turmoil at the Japanese automaker after the ejection of Carlos Ghosn. The recent weak showing from Nissan, which also cut its interim dividend by […]

    Nissan
    china map

    China’s auto market could decline by about 8% this year

    Auto sales in China may slip to 26 million this year, a fall of around 8%, a senior industry executive cautioned, as the world’s largest auto market braces for a second year of contraction amid declining economic growth and tougher vehicle emissions standards. The recent prediction, by Fu Bingfeng, executive vice chairman of the China […]

    Asian
    Renault logo

    Renault warns sales to drop in 2019

    French automaker Renault on Thursday slashed its revenue guidance for 2019 further and reduced its profitability forecast, mentioning difficulties in markets such as Turkey and Argentina as automakers grapple with a broad-based decline in auto sales. Renault has just rejigged its top management as it attempts to draw a line under a scandal surrounding former […]

    Renault
    Skoda Vision iV concept at 2019 Geneva Motor Show

    Skoda Auto reports 2.7% fall in deliveries in first nine months

    Skoda Auto’s global deliveries fell 2.7% to 913,700 cars in the first nine months compared with the same period 2018, the subsidiary of Germany’s Volkswagen stated on Wednesday. The automaker stated that the decrease was mainly caused by further reduction in China, where deliveries dropped by 22.3%. On the other hand, shipments rose in Europe […]

    Cars
    Moscow Russia

    Russia’s car exports increase 27.8% in eight months

    Exports of cars from Russia in January – August 2019 boosted by 27.8% compared to the same duration last year to 73,400 cars, according to the Federal Customs Service. Exports of trucks are almost at the same level and amounted to 8,400 vehicles. In value terms, export of passenger cars were at $1 billion (boost […]

    Cars

    Electric Vehicle sales to triple in Europe

    Electric Vehicles are making huge strides forward in the European auto market. Zero emission vehicles are likely to become mainstream in Europe in the next two years. Electric car models will triple in the next three years and will consequently bring this huge change. Auto-mobile manufacturers will offer around 214 electric car models in 2021, […]

    Cars

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