automotivemarket

What to Consider When Trading in a Car with Negative Equity

17 days ago

Recent studies show that many car owners find themselves in a challenging situation when trying to sell their vehicles while carrying negative equity. This occurs when the loan amount on the car exceeds its current market value. Various factors contribute to this situation, including rapid depreciation of vehicle prices, purchasing a car with a minimal down payment, or long loan terms.

Europe Pulls Back from EV Shift as Consumers Snub Pricey Models

3 months ago

Recent research has shown that European consumer interest in electric vehicles is starting to wane amidst high prices and rising living costs. While government initiatives had previously boosted electric vehicle sales, a noticeable decline in demand for expensive models is now observed. Several European countries, including Germany and France, where car prices have sharply increased, are becoming increasingly skeptical about the electrification of their automotive fleets.

Europe Prepares Tariffs on Flood of Cheap Chinese EVs

3 months ago

In response to the rapid increase in imports of Chinese electric vehicles (EVs), the European Union (EU) is considering the introduction of new tariffs. This move is aimed at protecting local manufacturers from competition with low-priced vehicles that are entering the market from China. It is anticipated that such tariffs could significantly impact the EV market in Europe, which is already facing challenges related to cost reductions and the rapid growth of Chinese manufacturers.