Browsing: auto sales

The Indian luxury car market, which has seen significant growth since the COVID-19 pandemic, is showing signs of a slowdown. Mercedes-Benz India expects flat growth in the coming quarters due to market conditions.

The Toyota RAV4 has dethroned the Ford F-150 as America’s best-selling vehicle, according to JATO Dynamics data.

The automotive industry is influenced by several economic factors, including interest rates, consumer confidence, and supply chain issues. High interest rates and economic uncertainty can cause consumers to delay significant purchases like cars.

A comprehensive analysis of US auto sales from 2019 to 2024 reveals a significant shift, with a substantial decline in fossil fuel vehicle sales and explosive growth in electric vehicle sales.

Lexus has surged ahead in the US luxury car market, leading non-Tesla brands for the past year, fueled by strong sales in the upper midsize luxury utility and hybrid segments, according to S&P Global Mobility.