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EV Sales Plunge 55% In Germany As Incentives Dry Up

Carscoops

However, in December, the nation’s government abruptly decided to end the incentive program, and in the aftermath EV sales have cratered. Compared to December 2023, sales of new electric vehicles were down 54.9 percent, while sales of plug-in hybrids were down 19.6 percent in the first month of 2024. percent for gas, +9.5

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What Are the Hidden Fees When Buying a Car in Virginia?

Carcloud Auto Group

Sales Tax : Virginia imposes a 4.15% state sales tax on vehicles, along with local taxes that vary by county. For example, in Stafford County, the total sales tax is 4.15%. Title and Registration Fees : These mandatory fees cover the cost of transferring ownership and registering your vehicle with the Virginia DMV.

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Carwow to help dealers boost sales during September plate-change

Motor Trader

Carwow will launch a new marketing campaign to help boost retailers’ enquiries and sales during the September plate-change. Consumer demand for new cars has being impacted during the first six months of 2024 by increases in finance costs and ongoing cost-of-living concerns.

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Falling interest rates ‘create opportunities’ for dealers.

Motor Trader

“Additionally, the used car market remains affected by the post-COVID decline in new car sales, limiting the volume of vehicles being defleeted. While price reductions could boost sales, the industry’s recovery will be a “slow and complex” process.

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TG Holdcroft sees profits fall 21% in “challenging year”

Motor Trader

“Multiple increases in interest rates through 2023 meant an additional 1.25% of financing costs on both our short and medium-term borrowings as well as our day-to-day inventory stocking facilities provided by our manufacturer partners.

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Media post: How Much are Used Cars Ownership Costs in Austin in 2024

Best Selling Cars Blog

If you are shopping for a second hand car in Austin Texas there are other costs that you should factor in other than the cost of the car. These are the insurance cost, fuels, repairs, taxes, and depreciation. Knowledge of these factors may assist in making better decisions and allocating the finances effectively.

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Electric Vehicle Trends 2024: Boom or Bust Future for EVs 2024

Jato

With electric vehicle uptake continuing to be a hot topic for the automotive industry, we take a look at the latest Monthly Payment finance data to give our predictions on the trends we could see in 2024. Prediction #1: Big 5 European markets – Will high-costs for BEVs remain or decline in 2024 ?

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