Microchip Shortages Are Expected to Ease in 2023, but It's for the Wrong Reasons
19 Dec 2022, 11:13 UTC · By: Cristian Agatie / The microchip shortage is expected to ease next year, although part of the reason will be the slowing economy and lower demand for new vehicles
Car Repos are Skyrocketing in the U.S. Is Inflation to Blame?
17 Jul 2022, 20:20 UTC · By: Benny Kirk / It was reported via CBS News on July 15th that the average price of a used car jumped to an astonishing $32,000 in May of this year
US Auto Sales Decline 4.1% in August Due to Low Demand for Passenger Cars
3 Sep 2016, 13:04 UTC · By: Mihnea Radu / We find it quite puzzling that US car sales are slipping when oil is less than $50 a barrel. But, demand has risen about 65% since 2010
Buying a Car in the U.S. If Donald Trump Gets Elected President
21 Nov 2012, 14:06 UTC · By: Alex Oagana / This year could be a tough one for the American car business for a number of reasons. The worst thing that could happen is Trump winning the elections
European Car Sales Drop to Two-Decade Low
18 Jul 2013, 07:37 UTC · By: Ciprian Florea / Despite a 19 percent gain recorded back in April, the European car market registered a new fall, with June sales dropping to a two-decade low. According to Bloomberg, there were 1.18 million cars...
What Carpooling Means. Because Sharing Is Caring
5 May 2012, 13:35 UTC · By: Bogdan Popa / Recession. A term that still sends shivers down our spines. Authorities around the world claim it’s over, but we’re still seeing cost-cutting measures everywhere we look. Talking abou...
AAAnarchy: Crude Oil Falls Below $78 Due to Recession Fears
9 Aug 2011, 06:49 UTC · By: Mihnea Radu / We come to you today with prophecies of doom and gloom, once again from the stock markets that took a huge tumble yesterday, the sixth biggest ever. What’s more, the price for a barrel of crud...
Jaguar Land Rover is Also Afraid of the Recession
21 Nov 2012, 14:06 UTC · By: Alex Oagana / Apparently Jaguar Land Rover CEO David Smith had an interesting discussion with British Prime Minister Gordon Brown last week, and the information related to the visit has just emerged. The boss of ...
Skoda Stops Work on Fridays
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although the global recession has reached its apogee, the automotive industry crisis with global carmakers slashing production and struggling to remain in business with or without government aid. Sk...
MINI to Run High in 2009, Skoda to Adjust Production
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The automotive industry continues to experience extremely difficult times and even though companies are counteracting it with all kinds of cost-cutting measures, sales continue to remain pretty low ...
Honda Announces US Accord Production Increase
21 Nov 2012, 14:06 UTC · By: Alexandru Stan / Honda has recently said that it would halt the production of its Pilot and Odissey model to focus on the Accord instead. The Japanese manufacturer has decided to pull the plug on the couple after sa...
Closed Dealerships in the US Hit Record Number
6 Feb 2010, 06:03 UTC · By: Alex Vasile / The recession made it impossible for some of the car dealers in the US to avoid bankruptcy. Though the government made important efforts to save as many as it could, some of the showrooms became yog...
AvtoVAZ Should be Sold to Renault for $1
25 Jan 2010, 13:16 UTC · By: Alex Vasile / Things are not going to well for AvtoVAZ, the Russian car manufacturer which produces the cheap Lada brand, as production seriously dropped in 2009. In an interview for a German newspaper, the head ...
Closed Dealerships Transformed in Yoga Studios
30 Dec 2009, 11:24 UTC · By: Alex Vasile / There’s no secret that the recession seriously struck down the auto industry. As one of the crisis measures, automakers decided to close down dealerships all over the United States. Chrysler G...
Mazda Reports November Sales Increase
21 Dec 2009, 11:29 UTC · By: Andrei Tutu / Mazda’ November Western European sales reports show an increase of 21 percent in the Big-5 (U.K., Spain, Germany, France and Italy), compared to same month of 2008. Overall, 8 markets repo...
Bentley Sells 5,000 Cars in 2009
14 Dec 2009, 09:20 UTC · By: Alex Vasile / The recession has also affected the rich, as Bentley will only sell about 5,000 cars this year. The sales of the British car manufacturer are halved compared with 2007, when Bentley managed to sell ...
Lamborghini To Have Tough Year in 2010
3 Dec 2009, 15:04 UTC · By: Alex Vasile / People who actually believed that luxury item producers such as luxury automakers will not suffer from the recession were wrong. Sports car manufacturers had to decrease production, send people home...
Jaguar Land Rover Loan from GE Capital is Official
17 Nov 2009, 08:35 UTC · By: Alex Vasile / As you might recall, Financial Times newspaper predicted yesterday that Jaguar Land Rover was about to announce that it had secured 170 million pounds ($285.5 million) in working capital from GE Cap...
Toyota to Cut Dealer Network in Japan
12 Nov 2009, 15:31 UTC · By: Alex Vasile / The recession made cutting costs a necessity, so we’re so used to cutbacks that nothing moves us any more. Most people have friends or family that are currently unemployed, so we’ve stop...
UK P1 Supercar Club Rises Again
27 Oct 2009, 08:40 UTC · By: Alex Vasile / The P1 supercar hire club is back on its feet, after a rough couple of months due to the recession during which P1 ran into financial difficulties. The club was struggling to repay asset finance rep...