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This week, CarGurus released its 2025 Mid-Year AutoMarket Review, highlighting five primary points, including the impact of tariff uncertainty, shifting inventory dynamics and evolving consumer preferences on the new- and used-vehicle market.
But companies including BYD, Chery Auto and Great Wall Motor (GWM) are aiming to leverage low prices to advance where others have struggled and use an expansion in South Africa as a stepping stone in a continent-wide strategy. "We
The steady growth in digital documentation processes reflects a mature understanding of the long-term benefits, positioning digital transformation as a critical pillar for the auto industrys future. Todays Rebounding AutoMarket The positive trends in the reported digital adoption coincide with a continued rebound in the U.S.
Those tariffs, CarGurus director of economic and market intelligence Kevin Roberts said, could present another major problem for a U.S. automarket that is already struggling to keep cars affordable for its customers. That order is scheduled to take effect March 12.
The decisions are a sign that BYDs robust sales growth over the past couple of years that drove it to overtake Tesla as the worlds largest EV maker could slow, as it grapples with rising inventory even after offering deep price cuts in Chinas cutthroat automarket.
From Bloomberg : "These tariffs bring a big wall of cost," Mark Wakefield, global automarket lead for AlixPartners, told reporters in an online briefing. Both General Motors and Ford have already said they expect a respective $5 billion and $2.5 We see "consumers taking the majority of the hit." [.]
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