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Bills in Virginia General Assembly Seek to Have Automakers Shield Auto Dealers from Financial Impact of Restructuring

Green Car Congress

A bill currently in the Virginia Senate ( SB 1410 ) would require manufacturers that stop producing a line of cars to buy back unsold cars from dealers, pay up to three years’ rent on the dealership and pay fair market value of the franchise up to its value two years ago. R-Warren, a lawyer who represents car dealers.

Virginia 150
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

Global vehicle sales totalled 5.55 This represents the largest year-on-year monthly decrease since 1980, when JATO Dynamics started to collect data—even surpassing the global financial crisis in November 2008, which saw a 25% decline in sales. million units in March 2020, down by 39% from March 2019. million units.

Europe 261
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Study finds car dealerships pose significant barrier to EV adoption

Green Car Congress

A new study by a team from Aarhus University in Denmark has found that car dealerships pose a significant barrier to electric vehicle adoption at the point of sale due to a perceived lack of business case viability in relation to gasoline and diesel vehicles. Their study is published in the journal Nature. outside of Norway.

Iceland 231
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Nikkei: India passes Japan to become world’s No. 3 auto market in 2022

Green Car Congress

India’s sales of new vehicles totaled at least 4.25 million between January and November 2022, according to the Society of Indian Automobile Manufacturers (SIAM). Adding December’s sales volume reported Sunday by Maruti Suzuki, India’s largest carmaker, brings the total to roughly 4.25 million units. million units.

Japan 218
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Tesla’s war against direct sales wages on with big win in Virginia

Teslarati

Tesla’s war with laws that prohibit the direct sale of cars to consumers continues to wage on, but the automaker is making progress across the United States. Tuesday, Virginia DMV Commissioner Richard Holcomb stated Tesla is now eligible to open the three sales locations in the state. What do you think? What do you think?

Virginia 145
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China to allow extended sales periods for ICE models based on existing emissions standard, report says

CN EV Post

China's policy on extending the sales period for vehicles built to the 6a emissions standard may be announced soon, National Business Daily reported today, citing Shen Jinjun, president of the China Auto Dealers Association (CADA), as saying at a forum. A study covering nearly 100 auto dealer groups showed that nearly 98.89

Standards 129
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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% Passenger car sales dropped 10.6% to 554, 527 units, while light truck sales dropped 14.1% Hybrids had an especially good month, with reported sales jumping 31.8% Click to enlarge.