New car sales plummet in September as chip shortages bite, SMMT reveals
Chips are used in the production of new cars (PA Archive) Sales of new cars plunged in September – usually a buoyant month for the sector – amid an ongoing global semiconductor shortage, latest figures from the Society of Motor Manufacturers…
CORRECTED-UPDATE 2-With help from Tesla, nearly 80% of Norway’s new car sales are electric
(Corrects spelling of name in 12th paragraph of Oct. 1 story) Load Error * 77.5% of new cars sold in Sept were pure electrics * Tesla took more than 30% of Norway’s car market * Pending luxury tax may cap sale of high-end models By Victoria Klesty…
Semiconductor shortage pushes new car sales to lowest September this century
Last month was the worst September since 1998 for car sellers (Yui Mok/PA) (PA Archive) Last month was the worst September in more than two decades for the UK’s new car sellers as a global shortage of semiconductors pushed down supplies. New figures show…
Car stocks are surging as sales fall. Here’s why
By Julia Horowitz, CNN Business Car sales at major automakers are plunging due to a shortage of computer chips that’s forced factory shutdowns and crimped supply. But that’s not fazing Wall Street, which remains laser-focused on investment in electric…
All-Electric Car Sales Reach New Record In September 2021
As expected, September was a very strong month for car sales in Norway. The number of new registrations increased by 15.7% year-over-year to 17,992. The main drive of the market is the all-electric car segment, which surged to a new all-time record of…
UPDATE 2-With help from Tesla, nearly 80% of Norway’s new car sales are electric
* 77.5% of new cars sold in Sept were pure electrics Load Error * Tesla took more than 30% of Norway’s car market * Pending luxury tax may cap sale of high-end models (Adds quotes, background) By Victoria Klesty OSLO, Oct 1 (Reuters) – Demand…
Apple AirPods Max, Instant Pot, Oxo: Best online sales right now
CNN — Today, you’ll find a deal on Apple AirPods Max, Oxo gadgets and savings on Marmot. All that and more below. AppleApple AirPods Max Apple’s AirPods Max made quite a splash when they hit the headphones scene at the end of 2020. And while we…
UK electric car market in top speed as sales jump 186 per cent during pandemic
© Provided by City AM Electric car sales in the UK have jumped by 186 per cent to 108,000 in 2020, up from just 38,000 in 2019, according to a new study, shared exclusively with City A.M. this morning. This growth is six times higher than the average…
Ford Stock: Is It A Buy Now? Automaker Exits India Amid Sales Slump
Ford Motor (F) began the new decade with optimism as it emerged from a fundamental corporate redesign to compete in the era of smart vehicles and clean energy. The automaker is investing heavily in new technologies to keep pace with competitors in the…
Nio Stock: Is EV Stock A Buy After July EV Sales More Than Double?
China’s Nio (NIO) continues to see strong demand for its luxury electric SUVs, while innovating battery technology and growing its lineup of electric cars. Is Nio stock a buy right now? X Founded in 2014, Nio had little experience in vehicle…