Auto Dealers

Raw deal for car sellers

Raw deal for car sellers

Maharashtra has the very best range of vehicle dealerships that have downed their shutters in the past year. According to the Federation of Automobile Dealers Association (FADA), the State has visible eighty-four closures, 30 of which are within the Mumbai-Pune place itself. The FADA says the passenger car phase is the worst hit. The commercial…

SBI looking to increase credit score length for automobile dealers

SBI looking to increase credit score length for automobile dealers

Looking at supplying extended credit score to address stock build-up, says MD. State Bank of India is in active talks with vehicle sellers to provide answers for their present-day monetary hardships over stock construct-united estates springing up from demand slowdown inside the vehicle region, a pinnacle authentic stated. “We are talking to every dealer. We…

Luxury Car Dealers Squeezed through Slower Sales, Service Scandals

Luxury Car Dealers Squeezed through Slower Sales, Service Scandals

Inventories of Chinese luxury automobile sellers are rising as income gradually, setting greater pressure on profitability. An index tracking luxury vehicle inventories rose 9.1 percent in April from the previous month, keeping with the China Automobile Dealers Association (CADA). Sales of luxurious brands are in part tormented by an excessive-profile dispute regarding a Mercedes-Benz dealership…

Vehicle registration has now not stopped, MoRTH clarifies

Vehicle registration has now not stopped, MoRTH clarifies

The majority of OEMs have tied up with the providers of HSRPs and passed on the facts to their respective sellers. The majority of OEMs have tied up with the providers of HSRPs and passed on the statistics to their respective dealers. New Delhi: On account of new media reviews declaring that new car registrations…

What’s plaguing Indian Auto Dealers?

What’s plaguing Indian Auto Dealers?

The lately concluded economy has emerged as a terrific yr for the auto industry and commercial automobiles touching a new high of over 1,000,000 home income and passenger automobile dealing with to be in the green quarter despite an excessive base. This may additionally inform the rollicking story at manufacturers, but the other part of…

Car sales April 2019 – All agencies put up decline, besides Honda

Car sales April 2019 – All agencies put up decline, besides Honda

The average income trend of passenger cars in India for the primary month of this monetary yr paints a grim picture. Compared to April 2018, automobile sales in April 2019 dropped by sixteen.7%, sincerely indicating an extensive slow down in the market. Every OEM registered YoY decline in income besides one. Honda Cars India managed…

Consumers apply the brakes to UK new automobile income

Consumers apply the brakes to UK new automobile income

New automobile sales fell greater than four% inside the UK last month, the second-lowest April due to the fact 2012, with analysts blaming client reluctance to make large purchases simultaneously as Brexit uncertainty persists. Just over 160,000 new cars had been bought, with 10.3% fewer registrations through personal motorists than 12 months ago. Diesel sales…

China’s Zotye adding U.S. Dealers even as determine preps for 2nd emblem

China’s Zotye adding U.S. Dealers even as determine preps for 2nd emblem

DETROIT — Zotye USA is looking to upload a hundred and twenty dealers — some taking a couple of points or complete markets — with the aid of late 2020 whilst its preserving agency prepares to convey other Chinese manufacturers’ motors to the U.S. Duke Hale, CEO of HAAH Automotive Holdings in Lake Forest, Calif.,…

Vehicle Sales In India Saw A Decline Of 8% In March 2019: FADA

Vehicle Sales In India Saw A Decline Of 8% In March 2019: FADA

Despite March 2019 ending on a wonderful observe with the enterprise seeing an increase of 8 in keeping with cent, as compared to February 2019, YoY income went down with the aid of 8 according to the cent, with de-growth in all the categories. Federation of Automobile Dealers Associations (FADA) these days launched the Monthly…

Tate’s Auto Group toppled with the aid of monetary, legal issues

Tate’s Auto Group toppled with the aid of monetary, legal issues

After years of monetary issues, battles with creditors, and accusations of misleading enterprise practices culminated in a March financial disaster filing, a stricken Southwest dealership group has closed. Tate’s Auto Group sought to retain operating whilst seeking a client for its four stores in Arizona and New Mexico. But with a federal financial ruin decision…