Cheap used cars are vanishing. With new-car production constrained by pandemic-related parts shortages and with used-car prices soaring, more Americans are hunting everywhere for inexpensive rides. As a result, the number of vehicles available for less than $10,000 is dwindling. “I don’t know where you go for cheap transportation if […]
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China’s already crowded auto sector is getting more competitive, as Xiaomi and Didi Chuxing jump in, and other players expand their electric and autonomous driving lines and move to relieve chip shortages that have crippled car makers across the globe. China is the world’s largest auto market, and unlike in […]
Electric-car sales jumped to a record 54% of all new-vehicle sales in Norway last year, but Tesla’s Model 3 lost its place as the country’s bestselling vehicle despite a late surge. It is the first time a country has recorded more sales of electric cars than those powered by petrol, […]
KARACHI: Barring heavy commercial vehicles (HCVs), the entire auto sector gave a brisk performance during the first half of current fiscal year (1HFY21) on account of low interest rates and better farm incomes. Buyers purchased more number of vehicles despite rising price trend in vehicles amid low cost of imports […]