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JATO Dynamics: China’s smaller cities help boost new car sales in 2015; SUVs biggest growth drivers

Green Car Congress

China’s new car market continues to be affected by the economic slowdown and the introduction of car purchase restrictions in eight key cities, according to the latest analysis by JATO Dynamics. New passenger car registrations in the world’s largest market totalled 18.9 million in 2015, an 11% increase on 2014.

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Crowdtap purchasing study finds 80% of those in the market for a car are more likely to turn to social media than a salesperson

Green Car Congress

Crowdtap released the results of a new study exploring the consumer path to purchase when it comes to buying a vehicle. The Crowdtap study polled community members who self-identified as “car buyers,” defined as those who were looking to purchase a vehicle within the next year, or who have purchased a vehicle in the past year.

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Researchers find consumers compensate for fuel-efficient car by buying bigger second vehicle; losing 60% of fuel economy savings

Green Car Congress

An analysis by a team from the University of California, Davis, MIT and Yale suggests that households that buy a fuel-efficient vehicle tend to compensate for that purchase by buying a bigger, more powerful second vehicle. On average, fuel economy standards are putting more fuel-efficient cars in households.

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Xiamen University team assesses reasons for purchasing EVs in first-tier cities in China; smog a major factor

Green Car Congress

Boqiang Lin and Wei Wu have put forward an electric vehicle purchasing intention model based on a review of the literature and their survey in Beijing, Shanghai, Guangzhou and Shenzhen. Since 2009, China has overtaken the US in terms of total vehicle production and has become the largest single automotive market in the world; in 2015, 24.6

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Tencent buys 5% stake in Tesla for $1.8 billion

Green Car Congress

Tencent acquired the shares through Tesla’s latest registered offering of common stock (17 March 2017, earlier post ) and through open market purchases. In 2015, Taiwan-based Hon Hai Precision Industry Co Ltd., Tencent and China Harmony Auto Holding began a partnership to develop connected, electric cars.

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CEO Mary Barra & General Motors Make Sure The Greenius Is Rewarded For His Many Years Of EV Advocacy

Creative Greenius

I paid $47,000 in cash for that car as a #YearOfJoe gift to myself after a decade of environmental work and achievement. Last week, as part of the little known and unadvertised “Bolt Buyback” program GM quietly created in response to the recall of all their 2017- 2019 Bolts, Chevy paid $37,900 to buy this car back from us.

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Chrysler to introduce PHEV models in 2016 and 2017 to meet ZEV requirements; new FCA gasoline engine family coming in 2015

Green Car Congress

We think the car has been commoditized and that America’s drivers have been abandoned. We think the blame for America’s ambivalence toward cars goes to import brands.”. FCA’s twin drivers are regulatory compliance and developing and producing increasingly more fuel-efficient vehicles which customers want to buy, he said.

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