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Average price of new light vehicles in US hit high in 2016; driven up by trucks; cars moving in opposite direction

Green Car Congress

The average price of a new light vehicle (including both cars and light trucks) was up to a record $31,790 in 2016, up from the most recent low of $28,243 in 2008. Twenty years ago, prices for cars and light trucks were similar, but car prices have steadily decreased while truck prices have increased.

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IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

Green Car Congress

IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 Source: IHS Automotive, September 2015 Light Vehicle Sales Forecast. Click to enlarge.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive.

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China's transition to new emission standard: How will this affect auto market?

CN EV Post

The recent price war in China's auto market has put a new emission standard that will come into effect in a few months' time in the spotlight. The China automobile dealers VIA (Vehicle Inventory Alert Index) stood at 58.1 percent in February, up 2.0 percentage points from a year ago but down 3.7

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China to allow extended sales periods for ICE models based on existing emissions standard, report says

CN EV Post

China's policy on extending the sales period for vehicles built to the 6a emissions standard may be announced soon, National Business Daily reported today, citing Shen Jinjun, president of the China Auto Dealers Association (CADA), as saying at a forum. A study covering nearly 100 auto dealer groups showed that nearly 98.89

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Volkswagen and JAC launch new JV for electric cars for mass market in China; 1st vehicle in 2018

Green Car Congress

The new joint venture, which has initially been concluded for a term of 25 years, will develop electric vehicles and launch them on the hotly contested Chinese mass market. The objective is to deliver 400,000 electric vehicles to the Chinese market in 2020 and 1.5 Each of the partners is to hold a 50% stake in the new company.

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First Drive: 2016 Hyundai Sonata PHEV and HEV

Green Car Congress

Hyundai began the US rollout of the 2016 Hyundai Sonata Plug-in Hybrid Electric Vehicle (PHEV) ( earlier post ) and its conventional hybrid sibling (HEV) with a series of media drives in California—one of the main markets for the PHEV, which offers some 24 miles (38.6 The 2016 Sonata PHEV features a 9.8 Earlier post.).

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