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The European Automobile Manufacturers' Association reported a decline in car sales in the EU by 8% in annual terms to 1 million 121 thousand cars in November. The reduction has been observed for three months already, which is caused by the introduction of new rules from 1 September to determine the fuel consumption of cars and light commercial vehicles. The decline in car sales in November showed most of the EU countries, except Greece, Poland, Slovakia, Lithuania and Latvia. Most of all, the index decreased in Sweden - by 20.5%, and Austria - by 20.1%. Sales of German Volkswagen fell by 10.9%. At the same time, the French manufacturer PSA Group increased its market share from 16.1% to 16.5%. In November, the number of Renault cars sold decreased by 16%, Ford - by 8.2%, BMW - by 2.8%.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
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