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Bank Study Claims 52 Percent of Households Postponed New Vehicle Purchases

The Truth About Cars

A survey conducted by Santander Holdings USA, attempting to probe the status of middle-class households over the last twelve months, has reported that over half are actively delaying new-vehicle purchases. While we’re focused entirely on automotive issues, home ownership has indeed played a factor in reducing vehicle purchases.

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BYD Buys Car Distributor in Germany, fueling Push in Europe

Teslarati

BYD Automotive GmbH plans to buy Hedin Electric Mobility, a car distributor in Germany. Purchasing Hedin Electric Mobility will likely strengthen BYD’s position in the European market. According to Reuters , BYD’s purchase deal with Hedin is subject to approval but is expected to close by the fourth quarter of this year.

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Lightning Systems electric shuttle buses now offered on CALACT purchasing contract

Green Car Congress

Communities throughout California can now purchase all-electric shuttle buses and ADA-equipped vans from Lightning Systems on a new California Association for Coordinated Transportation (CALACT) cooperative purchasing contract. Nonprofits or government agencies can use the new agreement to purchase electric buses once they join CALACT.

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Penske Automotive Buys Largest Ford Dealer Network By Sales

The Truth About Cars

Penske Automotive Group has just purchased Michigan’s Bill Brown Ford in Michigan, which sells more Ford-badged automobiles than any other retailer in the world. This is the second Ford dealership purchased by the company this year. Penske had previously bought Don Allen Auto Service Inc. in Massachusetts.

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Experts discuss the remaining hurdle to EV sales

Teslarati

Experts in the auto industry believe affordability is the remaining hurdle preventing electric vehicle (EV) sales from rising. Dave Katarski, the COO of Feldman Automotive Group, observed that people tend to buy EVs when they can afford them. EVs, when the price and payment is there, they’re not afraid to buy them.

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How to Buy a Car Online

Clean Fleet Report

How to Buy a Car Online A Step-by-Step Guide To Remove Risk This article may contain affiliate links. In the past year, worldwide car sales have increased significantly. Despite the prior decrease due to the COVID-19 pandemic, sales grew to 67.2 Some also offer buying, selling or exchanging old and new cars.

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Tesla rumored to be purchasing wireless charging company Wiferion

Teslarati

Tesla is rumored to be purchasing wireless charging company Wiferion, a Freiberg, Germany-based entity with charging and power solutions. The shareholders intend to sell their shares in the company to Tesla International BV by means of a purchase agreement,” the filing said. It also bought Hibar Systems in late 2019.

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