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Indian car dealers worry about deeper discounts amid sales slump

Baua Electric

By: Reuters | Updated on: 06 Sep 2024, 08:58 AM The Indian auto market struggles with high inventory and consumer hesitancy, prompting fears of deeper discounts. August sales fell 4.5 August sales fell 4.5 August sales fell 4.5 3 auto market rose to a record 70-75 days in August, valued at 778 billion rupees ($9.27

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August Auto Sales Fall Below Expectations But Relatively Stable

The Truth About Cars

Despite market analysts forecasting that August would offer a sizable boost in automotive sales, aided by the fact that Labor Day weekend partially overlaps with the end of the month, customers failed to come out in droves to buy a new vehicle. Though it was hardly a bloodbath for dealers and prices are starting to trend in favor of shoppers.

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Bollinger adds 20 West Coast dealers, TCD to its commercial EV sales network

Baua Electric

It’s been a big week for Bollinger and its Class 4 commercial EVs as the upstart electric box truck brand picked up twenty new TEC dealers and scored a strategic solution partnership with Texas consulting firm, TCD. FTC: We use income earning auto affiliate links. Texas-sized collaboration Source: Bollinger Motors.

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. Others likewise said that it should be the market driving EV sales, not pressure from the government.&

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Number of Cars on Dealer Lots Climbing Higher & Higher Across USA

CleanTechnica EVs

Much has been said in recent months about supposedly slumping EV sales growth. As we’ve pointed out on a number of occasions now, EV sales are actually soaring at many automakers in the USA, including at Ford, GM, Rivian, Audi, BMW, and several others. However, it seems there’s a brewing.

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Auto dealers bet big on new launches, positive sentiment for car sales boost

Baua Electric

Read more FADA is betting big on new car launches, positive consumer sentiments, high demand for SUVs, and improved availability of cars for short and long-term passenger vehicle sales growth in 2024. This comes after the Indian automobile industry registered sales of more than 41 lakh passenger vehicles in 2023.

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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. In the past two days, rumors have surfaced that BMW dealers are offering massive subsidies for the i3 in China, and that consumers who pay full cash for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price.

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