Thar: Mahindra Experiences About 40 Percent Growth In Car Sales For February 2024 siro, 01/09/2024 Mahindra Experiences About 40 Percent Growth In Car Sales For February 2024 Indian automaker Mahindra has released its sales report for February 2024. Last month the company managed to sell over 42 thousand units of passenger vehicles, which is approximately an increase of about 40 percent in comparison to monthly sales of last year. With each passing month Mahindra is closing in on the gap in monthly sales chart with Tata Motors in the Indian market. The continuous rise in demand for SUVs can help Mahindra to secure the third position in the sales chart, also recently Mahindra had announced that it is increasing its production capacity to cater to the pent up demand. In February 2024, Mahindra managed to sell a total of 42,401 units of passenger vehicles. This figure includes products sold in the domestic market. This indicates a year on year increase in sales by 12,043 units which translates to 39.66 percent year-on-year increase in domestic sales. The sales figures for total passenger vehicles sold by Mahindra for February 2023 stood at 30,358 units. The year to date passenger vehicles sold by Mahindra in the domestic market this financial year till February 2024 is 4,19,246 units. This … Continue Reading
February new car sales go by hybrids, higher incentives siro, 22/08/2024 February new car sales go by hybrids, higher incentives | Automotive News Skip to main content NEWS OPINION DATA CENTER VIDEOS EVENTS & AWARDS JOBS Resource Center +MORE Advertise Leading Women Network Podcasts Webinars In the Driver’s Seat Publishing Partners APCO HOLDINGS: Strategies for handling new F&I dynamics APCO Holdings: Connected cars create new challenges and opportunities in F&I APCO Holdings: The Wild Ride into the Future of F&I Allstate: Compliance standards are changing. Here’s what you need to know. Allstate: The ABCs of maximum F&I effectiveness Ally All Ears Podcast Episodes | The next evolution in virtual F&I Ally All Ears Podcast | How F&I is driving dealership profits Ally All Ears Podcast | building customer loyalty during challenging times Ally All Ears Podcast | reducing friction in the purchasing process Ally All Ears podcast: Tips for maintaining sales and F&I momentum in a higher-interest rate environment Ally and APCO: Adjusting to the changing F&I landscape Ally: All Ears Podcast : EVs & the service department of The future Ally: All Ears Podcast Protecting your dealership and inventory against weather-related events Ally: All Ears Podcast Protecting your dealerships against cyber-attacks Ally: All Ears Podcast | AI and its impact … Continue Reading
Euro Car Parts charts significant online shift due to real-time tracking siro, 19/08/2024 Euro Car Parts has reported a 40 per cent increase in its online sales in the last 12 months, as more garages switch to ordering parts digitally. The automotive parts supplier hit a quarter of a million online orders in August alone – delivered through its Omnipart website and through integration with garage management systems (GMS) including Carsys, MAM’s Autowork Online, GarageHive and Techman. The growth in online sales can partly be attributed to real-time order tracking, which enables garages to track their order from the moment it is placed until delivered, helping technicians to use their time efficiently. Other benefits of ordering through Omnipart include Haynes Pro integration, which gives technicians access to installation guides and timings, as well as a Service Kit Builder – a simple way to identify all of a vehicle’s service parts in one click. To encourage more garages to embrace digitalisation and realize its benefits, LKQ Euro Car Parts offers priority fulfillment and can deliver 85% of orders within an hour to most of the UK and Ireland. Kevan Wooden, chief commercial officer at LKQ Euro Car Parts, said: “We’ve made major investments in our online ordering process to create fantastic market-leading, last-mile expedition.… Continue Reading
China poses growing threat to US auto industry siro, 11/08/2024 A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images DETROIT — Chinese automakers pose a growing threat to their American counterparts — even without selling directly to consumers in the US market. Sales of China-made vehicles are rising at notable rates in Asia, Europe and other countries outside those continents. China recently reported exports of more than 5 million vehicles in 2023, topping Japan to become the top country for car exports in the world. That volume from well-established, government-owned companies like SAIC and Dongfeng, as well as newer players like BYD, Nio and others, has catapulted China from the sixth ranking to the top seed since 2020. It comes amid declining US vehicle exports as companies such as u.s General Motors have cut international operations. US auto exports in 2022, the most recent data available, were down 25% from their peak in 2016, according to the US Bureau of Economic Analysis. America — fourth globally in vehicle exports prior to 2020 — ranked sixth in the world last year, falling behind No. 5 Mexico, No. … Continue Reading