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The number of registered cars in the UK fell by 20.5% in September in annual terms and amounted to 338 thousand 834 cars, the data from SMMT showed. The decline in supply due to the introduction of new testing requirements has negatively affected the sales. In the previous month, sales grew by 23.1%. The decrease in the number of registered cars for the period from January to September was 7.5%. SMMT chief executive Mike Hawes noted that the number of certified cars is increasing all the time, and this will improve the situation in the UK market in the coming months.
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
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