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In January, the number of registered new cars in the European Union amounted to 1 million 196 thousand units, which is 4.6% less than in January 2018. The message of the European Automobile Manufacturers' Association (ACEA) states that sales in the EU market had been declining for the past 5 months, due to changes introduced on September 1 in the standards for determining fuel consumption for cars. The September drop in sales was a record 23.5%. In January of this year, a decrease in demand was observed in most countries of the European Union. At the same time, the largest decline was noted in Spain - by 8%, and in Italy - by 7.5%. Countries such as Denmark, Greece, Hungary and others showed the growth of car sales. The most significant increase in the indicator by 49% was reported by Lithuania.
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 ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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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