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Porsche’s sales in China dropped 29% during the first nine months of 2024. The carmaker isn’t just consolidating its network of dealers but will also optimize its local investments, abandoning areas where it can’t achieve long-term profitability and doubling down on regions that perform well, including Shanghai and Beijing.
Blue Oval to give all EV buyers free home chargers as it aims to remove concerns about EV switch Ford UK believes the launch of the new Puma Electric can prompt buyers of its existing vehicles to make the switch to electric, and is launching a new range of incentives to help buyers do so.
Dacia had sold just over 1000 bi-fuel versions of the Duster and Sandero by the end of October LPG pump network in Britain is only a quarter of what it was at its peak Dacia CEO Denis le Vot is surprised that low-cost LPG fuel is not more popular in the UK as British buyers are "meant to be super pragmatic".
Private EV sales slump has meant fewer people buying home wallboxes Major charging firms face uncertainty as ZEV mandate review brings potentially bleak p One of the UKs largest charger companies is facing a fight for its future, after the slowdown in EV take up wiped more than 10 million from its market value overnight.
North American dealers express concern over the viability of their network amid declining sales. This shift comes as the brand struggles to revive its North American dealer network, which has been severely impacted by sluggish sales. “We’ve got 110 dealers in our U.S.
BMW’s Q3 China sales slid 30 percent and its fancy Beijing Xingdebao 5S store was forced to close. Other high-end Western brands like Porsche have also watched China sales tank. Premium European automakers are shelling out millions of Euros to keep their dealers alive in a tough Chinese car market.
Skywell UK has appointed Bob Davies Car Sales and Auto Capital as the main dealers for South Wales and North London, respectively. In addition to new vehicle sales, the dealers will serve as the Skywell authorised repairers, offering servicing, MOTs, repairs, genuine Skywell parts. This offer is available for a limited time.
Despite total new car sales increasing 6% for the year to date, those to private buyers are down 11.8%, figures from the Society of Motor Manufacturers and Traders show. Meanwhile, of the 34 million cars on the roads, 16 million – almost one in two – are more than a decade old.
The Leapmotor T03 and C10 electric vehicles go on sale today with T03 prices starting at 15,995, or 199 a month and 0% APR PCP finance deals. In the UK the brand currently has 44 Leapmotor retailers as part of the existing Stellantis network and this is expected to grow to 80 by the end of 2025.
Canadian buyers are getting similar discounts up to CAD $16,590 on select models. As of earlier this year, it appears it’s converted under 50,000 of those reservations to sales, though. Along with that, Tesla is throwing in free lifetime access to its Supercharger network. Inventory Snapshot: What’s Available Now?
A new survey by McKinsey suggests that 29% of EV buyers globally consider an ICE vehicle for their next purchase 21% of the participants worldwide don’t ever want to make the switch to EVs. It appears that EV ownership isn’t equally exciting for all buyers, as a great portion of them are considering going back to ICE.
We are honored to continue to support the Bohn family, this time in the sale of their Hyundai Genesis dealership, a transaction that, again, underscores the enduring strength of the auto retail market in the South, said Gabe Robleto, Senior Vice President, Sell-Side Advisory at Kerrigan Advisors. Home to over 1.2
Teslas Sales and Market Share Keep Falling in Europe This February. For the second month in a row, the companys car sales and market share have dropped, and its raising eyebrows across the electric vehicle (EV) industry. This marks two months in a row where Tesla has seen sales slide. in February last year to about 9.8%
Read: Ford Gives Dealers Up To $22,500 To Push F-150 Lightning Sales According to Autonews , Ford’s plan was to store unsold EVs at 21 RRCs across the States. This meant buyers couldn’t see models on individual dealer sites or on platforms like Autotrader and Cars.com. That being said, we listen to our dealers.
The UKs charging network is still patchy, with not enough rapid chargers in key locations, and thats putting off a lot of potential buyers. Mixed Messages from the Government First, it was a 2030 ban on new petrol and diesel car sales. Theyre Expensive Even with grants, EVs are often out of reach for the average buyer.
Last month, the Australian Automotive Dealer Association (AADA) welcomed the Federal Government’s commitment to allocate $60 million in funding towards EV charging upgrades across the nation’s car dealership networks.
These smaller shows provide a unique chance for dealerships to engage their local community, reveal new models, and boost their brand loyalty and sales. In 2024, one of the prominent industry events for car dealerships is the NADA Show, which offers valuable insights into industry trends, educational sessions, and networking opportunities.
2024 wasnt what many would define as a good year for Polestar in Australia, with the brand experiencing a 30 per cent drop in sales from the year prior despite adding two models to its lineup. Wed expected that the volume [of Polestar 2 sales] wouldnt match 2023 levels. There is no talk at the moment of price adjustments.
Although fully-electric cars such as the Nissan Leaf have garnered considerable attention and sales success, not all drivers are ready to make the jump to all-electric motoring. Lyons addressed these concerns directly, noting that Nissans cumulative sales of e-Power vehicles have already reached 1.5
Motorpoint Norwich, the 21st store in Motorpoint’s retail network, is set to open this Friday on Turnpike Close. Car buyers can have a vehicle from any Motorpoint store moved to Norwich free of charge. Motorpoint is offering complimentary vehicle transfers to Motorpoint Norwich until the 26th January 2025.
Sales of the S-Class are down 22% through the first half of the year. The German carmaker has also reported a significant decline in EQS sales, particularly in the U.S. ” Sales of the S-Class have dropped 22% through the first half of the year, and between January and June, 28,100 were delivered to new homes.
Read: F-150 Sales Slump Spurs Ford’s Controversial Dealer Incentive Plan A memo sent to dealers stated the program is designed to “further test the logistics and efficiencies of RRCs and to increase RRC engagement.” It’s too early to say how the program may impact buyers. ” The subtext here?
The company is currently advertising a vacancy for a UK country manager, who will be responsible for establishing a sales infrastructure and a marketing strategy for the Microlino. The company will target private buyers and small businesses, pitching the Microlino as a second car for commuting and running errands.
Jaecoo’s warranty offer also doesn’t require buyers to service their vehicles exclusively through the car maker’s dealership network. The first model in Australia’s Jaecoo range is the J7 medium-sized SUV (pictured above), which goes on sale with the choice of petrol and plug-in hybrid power on May 6, 2025.
per cent of December 2023 sales – up 18.1 per cent (1338) of sales, while diesel made up only 2.7 The 2023 New Zealand election – held on 14 October – prompted an increase in electric vehicle sales for fear a change of government would see the CCD potentially scrapped. tonnes) sales down from 164,771 in 2022.
Private buyer uptake fell by -17.7% The SMMT called for urgent action by the government to encourage private buyers to switch to buying EVs, with one in six new BEVs bought in April went to consumers. This story continues at Fleet new car sales soar as private demand falls Or just read more coverage at Motor Trader
That’s in contrast to GM Specialty Vehicles (GMSV), which offers a mix of factory-produced ( Chevrolet Corvette ) and locally remanufactured ( Chevrolet Silverado , GMC Yukon ) right-hand drive vehicles through a network of franchise dealers, many of which used to sell Holdens.
In todays digital environment, choosing the right social media platform for advertising is essential, especially for automotive dealerships looking to drive sales effectively. Marketplace Features: Facebook Marketplace lets you list vehicles directly, making it easy for potential buyers to browse available inventory.
Australian importer EVDirect s CEO David Smitherman confirmed to Drive the shipment of right-hand drive Australia-bound Shark 6 s left China earlier this week as it looks to fulfil thousands of local orders since sales kicked off in October 2024. Absolutely, very confident, he said when asked about supply of the Shark 6 for Australian buyers.
In an increasingly competitive automotive market in 2024, garnering qualified car sales leads can be a game-changer for dealerships. Unleash your dealership's full potential by exploring strategies that will pump your pipeline with quality, free car sales leads.
Understanding Personal Effectiveness in Marketing Measuring your proficiency in marketing isnt merely about sales figures or web traffic. Common KPIs in automotive marketing include: Sales Conversion Rates: This percentage indicates how many leads turn into actual sales. Here, well break down critical areas to focus on.
The Tiggo 7 Pro SE and SE+ go on sale February 1, with vehicles arriving at dealerships on that date. Chery notes on its website this pricing is available while stocks last, and isnt available for fleet, government or rental buyers. Hundreds of new car deals are available through CarExpert right now. and $287.84, respectively.
In today’s competitive automotive market, creating compelling digital advertising campaigns is essential for driving sales and attracting customers to your dealership. As a car dealer, understanding the fundamentals of digital advertising can help you connect with potential buyers more effectively.
Jaguar’s managing director claims they weren’t trying to alienate buyers with the brand’s relaunch. With only the F-Pace still in production, global car sales sunk to just 33,000 last year, way down from its 181,000 record in 2018. However, he reiterated that change was necessary for the company’s survival.
The first quarter of the year presents a prime opportunity for dealerships to boost annual sales, but real growth will only come from increasing electric vehicle (EV) sales. However, most marketing efforts fail to engage the largest untapped audience – the 80% of potential buyers who dont yet see themselves as an EV owner.
Toyota had a busy 2024 in Australia, with the Japanese auto giant surpassing previous record sales and finding new homes for the 241,296 new cars it sold last year. As a reference, the Camry ranked first in terms of the sub-$60,000 medium passenger car segment sales, accruing 15,401 units sold in 2024.
Traditional AMG buyers didn't take to the PHEV drivetrain AMG lines up twin-turbo V8 power for upcoming super-coupé amid slow sales for four-cylinder hybrid C63 The upcoming Mercedes-AMG CLE 63 will receive a twin-turbocharged 4.0-litre litre four-cylinder petrol engine and a rear-axle mounted electric motor.
Attending NADA offers dealerships a wealth of opportunities for growth, networking and innovation. Networking Opportunities The event attracts professionals from across the automotive industry, including manufacturers, vendors and other dealerships.
Factors to Consider When Buying a Car Before diving into which state is best, it’s essential to examine the fundamental factors that can influence your purchasing decision: Sales Tax Rates: Different states have varying sales tax rates, which can add significantly to the overall cost of the vehicle.
Hyundai has ditched fixed-price online sales for its Ioniq electric models – and has opened them up to dealers ready to negotiate – as it misses its ambitious sales targets. But now … there needs to be a fair and equitable return for the effort that [the dealer] network puts in.” And when’s your next drop?
Citroen will stop taking orders in Australia by November 1 due to slow sales. The reason for the shocking departure is the slow demand for Citroen models Down Under, with yearly sales of around 200 units in the past five years. The brand sold only 87 units in H1 2024, fewer than supercar maker Ferrari.
As part of the accreditation, 12 Big Motoring World locations across the country have committed to the guidelines outlined in the Vehicle Sales and Service and Repair Codes. The Motor Ombudsman has welcomed Big Motoring World to its Chartered Trading Standards Institute (CTSI)-approved Motor Industry Codes of Practice portfolio.
Why did you join the Women Automotive Network? I strongly believe women’s professional networks, such as WAN, are highly valued sources of support, connections, and opportunities. An interview with Giuliana Moroni, Market Intelligence Lead Product Strategy at Hyundai Motor Europe! Why is DE&I vital to you? Connectivity.
For automotive dealerships, leveraging various channels and strategies to reach and engage your target audience can dramatically increase sales, customer loyalty, and overall business success. Networking and Community Engagement Building strong relationships within your local community can enhance your visibility and credibility.
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