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Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the price of gold is falling, long term benchmark interest rates keep on rising with larger risk premiums, and monetary policy regulators are coming round to the idea of rate cuts to bolster flagging economic expansion everywhere.But first in the US, mortgage application volumes rose marginally last week from the prior week for the period and holding on to the +11% jump of the previous period. Benchmark home loan rates were basically stable but at an elevated level averaging 6.86%.Canada building consents fell in March and by more than expected although to be fair it only cancelled the February rise and probably isn't too surprising given their election campaign and overall economic uncertainty around relations with the US.Meanwhile, Canadian vehicle sales took off in March, and to its best month since the pandemic, as buyers rushed to get hold of pickups, utes and light trucks ahead of the threat of sharply higher prices. On the other hand, car sales dived.In China, new yuan loan approvals were unusually weak in the April data released overnight. Banks approved loans at their lowest rate for an April since 2005, and at ¥280 bln, that was less than 10% of the good March level and less than half the year ago level, itself unusually weak. Of course, it reflects the initial impact of the trade war on Chinese businesses.In Australia we should note that large parts of Victoria and South Australia are in a severe drought condition, also even parts of Tasmania. Some say it is the worst "in a lifetime" with zero April rainfall extending into May. If there is any hope for livestock farmers it is that grain production has been high in other areas, enabling grain-fed beef to continue. Lucky for them, grain-fed beef demand is rising in China. Those drought conditions contrast with the endless rain Sydney is having.Next week on Tuesday, the Aussie central bank will be reviewing its 4.10% cash rate target. More analysts now see a -25 bps cut then. Although it is no certainty, financial markets also have it priced in.And staying in Australia, regulator ASIC is tackling Macquarie again. ASIC is suing Macquarie Securities alleging it engaged in misleading conduct by misreporting millions of short sales to the market operator for over 14 years. They allege that between 11 December 2009 and 14 February 2024, Macquarie failed to correctly report the volume of short sales by at least 73 million. ASIC estimates that this could be between 298 million and 1.5 billion short sales. The last ASIC action against Macquarie was just a week ago over compliance failures. Today's action is the fifth by ASIC against Macquarie since April 2024.The UST 10yr yield is at 4.53%, up +3 bps so far today.The price of gold will start today at US$3175/oz, and down -US$67 from yesterday.Oil prices are marginally lower today at just under US$63.50/bbl in the US and the international Brent price is just under US$66.50/bbl.The Kiwi dollar is now at 59.1 USc, down -30 bps from yesterday at this time. Against the Aussie we are up +10 bps at 91.8 AUc. Against the euro we are down -30 bps at 52.8 euro cents. That all means our TWI-5 starts today just under 67.6 and down a net -30 bps from this time yesterday.The bitcoin price starts today at US$103,147 and down almost -1.0% from yesterday. Volatility over the past 24 hours has remained modest at just under +/- 1.1%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Got a Question or Comment? Send us a Text Message!Catch up on the latest in Electric Vehicle news from Australia and around the world! Hosted by Tom Gan of Ludicrous Feed and Riz Akhtar from CarloopFeaturing special guest: Roland Lam from Zapped YouTube Channel!Watch this episode on YouTubeWith thanks to our co-host:Riz Akhtar from CarloopFollow Riz on LinkedIn and XSupport the showCatch us LIVE on Wednesday nights 8pm Sydney time on YouTubeContact Ludicrous Feed
Roger McNamara is the Director of B2B Acceptance in the US for Visa Inc. He is a 30+-year veteran of the Payments Industry, most recently as the President of Guide2Interchange and before that, Director of Business Development with American Express in the US. He has worked on the largest Acquisition targets for acceptance of The Card across multiple Industries and across the globe that include: Airlines, Communications, Technology, Cruise Lines, Entertainment, Fractional Jet, Freight, Government, Healthcare, Insurance, Oil & Gas, Residential Rent, Restaurants, QSR's, Retail, Services, Supermarkets, Travel, Vehicle Sales, B2B and Wholesale. Over that time, he has sold more than $300 Billion worth of Card processing and became an expert in Bankcard Interchange and Discount Rates, how they are calculated and what merchants pay to accept Credit, and how this is dramatically different from what they believe they pay. He is an expert in Merchant Statement analysis and payment processing and the rules and regulations associated with payments and the associations. Connect with Roger : https://www.linkedin.com/in/roger-mcnamara-5789b21/Thanks for watching! Go ahead and like, comment, subscribe, and turn on post notifications! Follow Us On These Social Media Platforms
Electric vehicle sales in Clare appear to be rebounding so far this year. New data from the Society of the Irish Motor Industry shows 184 EVs were sold in this county between January and April which is up almost 45% on the figure for the same period in 2024. A total of 1,587 vehicles have been sold in Clare in 2025 to date which indicates a 8% increase on last year. SIMI Director General Brian Cooke says it's a trend that can be observed nationwide.
Toyota Motor Corp. said Thursday that its parent-only global vehicle sales fell for the first time in four years in fiscal 2024, which ended last month.
Got a Question or Comment? Send us a Text Message!Catch up on the latest in Electric Vehicle news from Australia and around the world! Hosted by Tom Gan of Ludicrous Feed and Riz Akhtar from CarloopWatch this episode on YouTubeWith thanks to our co-host:Riz Akhtar from CarloopFollow Riz on LinkedIn and XSupport the showCatch us LIVE on Wednesday nights 8pm Sydney time on YouTubeContact Ludicrous Feed
CapeTalk’s Sara-Jayne Makwala King is joined on Weekend Breakfast by Daily Maverick motoring journalist Melinda Ferguson, who reviews the latest cars on the road and keeps us up-to-date with motor industry news. This week’s car: Ford Ranger Tremor See omnystudio.com/listener for privacy information.
Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the Trump tariff announcement will be just after 4pm New York time today when Wall Street closes. That is 9am New Zealand time. After that, it will be all about the size and nature of the retaliation from its former allies.In the meantime we should note that American vehicle sales surged in March as buyers rushed to get pre-tariff-cost vehicles. March's sales ran at a 17.7 mln annualised rate, the highest since October 2017 (if we ignore a pandemic-affected spike). Bringing forward purchases like this doesn't augur well for subsequent months. Not included in this surge were Tesla sales which fell -13% in the quarter, largely attributed to the anti-Musk factor. Production far exceeded sales which were at their lowest since 2022, and that was after "model changeover" production cutbacks. (Also not doing so well are the shares in Truth Social, which are down -44% so far this year.)US mortgage applications decreased last week from the prior week but are now +9% higher than the low year-ago levels. Refinance activity fell and purchase activity rose. This is the third straight week of overall declines. Benchmark mortgage interest rates changed little over the past week.US factory orders rose in February from January - marginally, but remain -0.5% lower than year-ago levels.This weekend we get the American non-farm payrolls data for March and a modest rise of +128,000 jobs is anticipated. In advance of that, the ADP Employment Report out today said private payrolls rose +155,000 in March which was better than expected. Although low by historical standards, this is a 'good' result.After two strong months, the US Logistics index fell back and quite sharply to a level they last had in August 2024. Every aspect except warehouse capacity slowed.In India, they recorded a notable rise in their factory PMI. New order growth strengthened despite softer a softer rise in exports. This PMI result was their best since June 2024.In the ASEAN countries, their March PMIs together painted a picture of a modest expansion even if it did slip in March from February. Price pressures eased, and sentiment remains solid. Malaysia was perhaps one of the weaker performers in this group.The UST 10yr yield is now at 4.21%, up +5 bps from yesterday at this time.The price of gold will start today at just on US$3132/oz and up a net +US$25 from yesterday and still just off its all-time high.Oil prices are little-changed from yesterday at just under US$71.50/bbl in the US and the international Brent price is now just under US$75/bbl.The Kiwi dollar is now at 57.3 USc and up +40 bps from this time yesterday. Against the Aussie we are up +30 bps at 91.1 AUc. Against the euro we are up +10 bps at just over 52.8 euro cents. That all means our TWI-5 starts today now just under 66.8 and up +30 bps.The bitcoin price starts today at US$87,214 and up another +2.5% from this time yesterday. Volatility over the past 24 hours has been rising but still modest at +/- 1.9%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Tesla may benefit when founder Elon Musk leaves his government role. There are reports the billionaire will leave his role at the Department of Government Efficiency to take a much smaller role in the administration. It comes as auto maker reports a 13 percent drop in vehicle sales in the first three months of the year. US Correspondent Mitch McCann told Andrew Dickens rumours of Musk's departure are already having an effect on Tesla's fortunes. He says it's sent stocks up five percent.See omnystudio.com/listener for privacy information.
Can you help me make more podcasts? Consider supporting me on Patreon as the service is 100% funded by you: https://EVne.ws/patreon You can read all the latest news on the blog here: https://EVne.ws/blog Subscribe for free and listen to the podcast on audio platforms: ➤ Apple: https://EVne.ws/apple ➤ YouTube Music: https://EVne.ws/youtubemusic ➤ Spotify: https://EVne.ws/spotify ➤ TuneIn: https://EVne.ws/tunein ➤ iHeart: https://EVne.ws/iheart BYD DOLPHIN SURF TO LAUNCH IN UK https://evne.ws/41vAjMA BYD LAUNCHES NEW BATTERY-BOX HVE SYSTEM https://evne.ws/4ifvYV3 AUDI CEO HINTS AT TT REVIVAL https://evne.ws/41Zwm2T BENTLEY DELAYS EV LAUNCH TO 2027 WITH £2.5B INVESTMENT https://evne.ws/3FyHfRF WULING MINI EV LEADS CHINA'S 2025 VEHICLE SALES https://evne.ws/4bFn0he XIAOMI'S EV REVENUE SOARS IN Q4 2024 https://evne.ws/4iBlRts EV GROWTH REDUCES EUROPE'S TRANSPORT EMISSIONS https://evne.ws/3DPGrrb HYUNDAI EXTENDS FREE CHARGING OFFERS FOR IONIQ MODELS https://evne.ws/4itgUTo KONECT INTRODUCES EV CHARGING TO AUSTRALIA https://evne.ws/4kvm9E1 MAZDA LAUNCHES LEAN ASSET STRATEGY FOR EVS https://evne.ws/3DRyKkg X GAMES EXCLUDES ELECTRIC MOTORCYCLES https://evne.ws/4bBtayZ TESLA EXCLUDED FROM VANCOUVER AUTO SHOW OVER SAFETY ISSUES https://evne.ws/3Y1C8Qh
It's EV News Briefly for Thursday 20 March 2025, everything you need to know in less than 5 minutes if you haven't got time for the full show. I'll be back later but Patreon supporters get the episodes as soon as they're ready AND ad free. You can be like them by clicking here: https://www.patreon.com/EVNewsDaily BYD DOLPHIN SURF TO LAUNCH IN UK https://evne.ws/41vAjMA BYD LAUNCHES NEW BATTERY-BOX HVE SYSTEM https://evne.ws/4ifvYV3 AUDI CEO HINTS AT TT REVIVAL https://evne.ws/41Zwm2T BENTLEY DELAYS EV LAUNCH TO 2027 WITH £2.5B INVESTMENT https://evne.ws/3FyHfRF WULING MINI EV LEADS CHINA'S 2025 VEHICLE SALES https://evne.ws/4bFn0he XIAOMI'S EV REVENUE SOARS IN Q4 2024 https://evne.ws/4iBlRts EV GROWTH REDUCES EUROPE'S TRANSPORT EMISSIONS https://evne.ws/3DPGrrb HYUNDAI EXTENDS FREE CHARGING OFFERS FOR IONIQ MODELS https://evne.ws/4itgUTo KONECT INTRODUCES EV CHARGING TO AUSTRALIA https://evne.ws/4kvm9E1 MAZDA LAUNCHES LEAN ASSET STRATEGY FOR EVS https://evne.ws/3DRyKkg X GAMES EXCLUDES ELECTRIC MOTORCYCLES https://evne.ws/4bBtayZ TESLA EXCLUDED FROM VANCOUVER AUTO SHOW OVER SAFETY ISSUES https://evne.ws/3Y1C8Qh
The first half of 2025 is expected to bring stabilizing delinquencies, increased demand for automotive refinance and mixed vehicle price and sales dynamics. Auto loan delinquencies are projected to cool in the second quarter as the market stabilizes, improving lenders' appetite for auto credit. Auto originations are also expected to increase between 12% to 20% as tax refunds boost consumer demand. Refinance volume is expected to pick up in 2025 as interest rates decline and lenders revamp their refi products to tap into consumer demand. Rates and vehicle prices also will define sales and pricing trends across the automotive industry as pending tariffs are poised to raise car prices by thousands of dollars. On the EV front, possible changes to federal tax credits could impact sales even as EV prices and battery costs continue to decline. In this episode of “Weekly Wrap,” Auto Finance News Editor Amanda Harris and associate editors Ashley Savage and James Van Bramer discuss top trends impacting vehicle sales, pricing and consumer demand for the week ended Feb. 28.
Send us a textHosts Theo Cook and James Alford chat with Jonathan Chorley-Burdett about his journey from kitchen design to founding SVM Automotive. They explore car sales strategies, Auto Trader insights, FCA regulations, vehicle prep, pricing tactics, and scaling a business. Jonathan shares lessons on customer experience, networking, and how everyone's coming up with fun sales games for discounts!Keep Up With SVM Automotivehttps://www.svmautomotive.co.ukhttps://www.instagram.com/svm.autos?igshid=OGQ5ZDc2ODk2ZA%3D%3Dhttps://www.facebook.com/profile.php?id=61553342736982---------------------------------------------------------------------------------APPLY TO BE ON THE PODCAST: https://shiftingmetal.co.uk/be-on-the-podcast---------------------------------------------------------------------------------Theo Cook: https://www.youtube.com/@bowensgarageross-on-wyehttps://www.bowensgarage.co.uk/James Alford: https://www.facebook.com/Platinumcarcentre----------------------------------------------------------------------------------Found it useful or interesting? You can now show your support and buy us a coffee
Got a Question or Comment? Send us a Text Message!Catch up on the latest in Electric Vehicle news from Australia and around the world! Hosted by Tom Gan of Ludicrous Feed and Riz Akhtar from CarloopWatch this episode on YouTubeWith thanks to our co-host:Riz Akhtar from CarloopFollow Riz on LinkedIn and XSupport the showCatch us LIVE on Wednesday nights 8pm Sydney time on YouTubeContact Details:https://www.ludicrousfeed.com/link-in-bio/
On today's good news wrap up, we discuss the surging electric vehicle sales in Norway, the latest cricketer to make the sporting Hall of Fame, the growth of India's tiger population and a good news story from the community. Hosts: Zara Seidler and Sam KoslowskiProducer: Orla Maher Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful. The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent. Want more from TDA?Subscribe to The Daily Aus newsletterSubscribe to The Daily Aus’ YouTube Channel Have feedback for us?We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here.See omnystudio.com/listener for privacy information.
Got a Question or Comment? Send us a Text Message!Catch up on the latest in Electric Vehicle news from Australia and around the world! Hosted by Tom Gan of Ludicrous Feed and Riz Akhtar from CarloopWatch this episode on YouTubeWith thanks to our co-host:Riz Akhtar from CarloopFollow Riz on LinkedIn and XSupport the showCatch us LIVE on Wednesday nights 8pm Sydney time on YouTubeLudicrous Feed WebsiteFollow us on X and LinkedInInstagram @ludicrous_feedFacebook @ludicrousfeed Email tom@ludicrousfeed.com
In this episode of 'The Book of Joe' Podcast, Joe Maddon and Tom Verducci explore the current state of first base in MLB. Joe describes his 'prototype' first baseman and gives his thoughts on Pete Alonso's future deal moving so slowly. What obstacles could be in the way of Billy Wagner's Hall of Fame chances? Tom highlights a court ruling that could change the landscape of College Baseball. Plus, our yearly look at what the hot cars for 2024 were and what new ride could Joe be adding to his fleet? The Book of Joe Podcast is a production of iHeart Radio. #fsrSee omnystudio.com/listener for privacy information.
In this episode of 'The Book of Joe' Podcast, Joe Maddon and Tom Verducci explore the current state of first base in MLB. Joe describes his 'prototype' first baseman and gives his thoughts on Pete Alonso's future deal moving so slowly. What obstacles could be in the way of Billy Wagner's Hall of Fame chances? Tom highlights a court ruling that could change the landscape of College Baseball. Plus, our yearly look at what the hot cars for 2024 were and what new ride could Joe be adding to his fleet? The Book of Joe Podcast is a production of iHeart Radio. #fsrSee omnystudio.com/listener for privacy information.
Chief Executive of the Federal Chamber of Automotive Industries Tony Weber chats with Clinton.See omnystudio.com/listener for privacy information.
Petula Martyn reports that 17,459 new electric cars were registered last year, a decrease of 24% in the registrations seen the previous year.
More new cars were sold in Clare in 2024 than in the previous year. Across the last twelve months, 2,399 new registration sales were completed in Clare which is 3% above the figure for 2023. Diesel engines overtook petrol as the most popular vehicle type, selling 738 units, while electric car sales fell by 43%. Director General of the Society of the Irish Motor Industry Brian Cooke says with the start of a new registration period upon us, prospective vehicle owners should look into incentives available to them.
Fresh from hearing that budget deficits over the next four years are forecast to blow out by another 20 billion dollars comes news the Federal Government will help finance $150 million in low interest loans through the Clean Energy Finance Corporation for workers earning less than $100,000 per year, as well as essential workers such as police officers and teachers, to help them buy an electric car. The media release suggesting the move could save buyers more than $8,000 on a $40,000 loan. According to Minister for Climate Change and Energy Chris Bowen, the discounted loans help remove barriers to ownership helping more Australians drive cars that can save them thousands of dollars a year. EV owners pay no petrol excise to maintain our roads, currently 50.6 cents per litre, so why should they also get a subsidized loan – it’s ridiculous. I’m David Berthon.See omnystudio.com/listener for privacy information.
In the Q4 Live Market View, Derek Hansen and Chris Stutsman discuss used vehicle sales, inventory and depreciation trends in Q4. They also share how predictive data science and AI-driven solutions from Cox Automotive help you identify each vehicle's unique profile of investment risk and opportunity, price each vehicle to move in its ROI-optimal timeframe, and create more targeted engagements with current and prospective customers.
Sen. Curtis King proposes redirecting vehicle sales taxes to address Washington's transportation budget shortfall. Learn more about this solution and its potential impact at https://www.clarkcountytoday.com/news/wa-lawmaker-says-vehicle-sales-taxes-are-solution-to-transportation-budget on www.ClarkCountyToday.com #TransportationBudget #VehicleSalesTaxes #LocalNews #ClarkCounty
Independent analyst Jimmy Moyaha discusses whether listed vehicle retailers are worth a look, considering strong November vehicle sales and two-pot money. CFO Alan Salomon comments on Capital Appreciation's challenging results. Marianne Smith from Consult by Momentum addresses the new proposed taxation of unit trusts.
The board of the world's fourth largest automaker, Stellantis, said that its CEO Carlos Tavares had stepped down from his position on Sunday. The group, which owns brands such as Jeep, Chrysler and Peugeot, had experienced a sharp fall in sales this year, especially in the US market. Also, we look at how a political impasse over budget talks could bring down the French government.
Join us for an insightful episode with Carla Wade, Chief Revenue Officer at Lotlinx, to discuss the current challenges facing car dealerships in our "State of the Union" segment. With dealers scrambling to offload bloated inventories, we delve into the evolving landscape of automotive sales where traditional advertising methods are becoming obsolete. As consumers spend 13-15 hours making vehicle decisions over a span of 1-3 months, inflation and rising interest rates have made buyers more cautious, often driving them over 50 miles to find the right deal. Carla highlights the pressing need for dealers to enhance their online presence, emphasizing the importance of VIN-level marketing and effective dealership website management. In this episode, Carla breaks down the critical differences between AI and machine learning, explaining how each can be leveraged to make smarter inventory management decisions. She discusses how Lotlinx stands at the forefront of this technological evolution, guiding dealerships to choose the right tools that not only streamline operations but also provide valuable insights into market dynamics. Discover how improved vehicle descriptions, competitive pricing, and high-quality photos can attract buyers in today's market. Carla shares insights on using AI and machine learning to optimize pricing strategies and enhance inventory visibility, allowing dealerships to make informed decisions without the overwhelming manual effort. Learn how technology can help pinpoint low-funnel buyers and ensure that vehicles are seen by the right customers at the right time. Carla emphasizes the importance of understanding specific dealership needs to effectively harness data, leading to better decision-making and increased profitability. With practical metrics and a simple checklist, she breaks down how dealers can maximize efficiency and profitability while reducing the need for discounts. Tune in to learn how to navigate the complexities of today's automotive market and harness the power of Lotlinx's expertise to reclaim your time and boost your bottom line! Dealer Talk with Jen Suzuki Podcast |Jennifer@edealersolution.com | 800-625-1590 | edealersolutions.com
Abongile Nzelenzele speaks to Daily Maverick motoring journalist Melinda Ferguson who reviews the latest cars on the road and keeps us up to date with motor industry news. This week's car: Updated Polo Vivo GTI and Naamsa's New Vehicle Sales figuresSee omnystudio.com/listener for privacy information.
The New Zealand electric vehicle market has run out of charge. New Motor Industry Association data shows just one in eleven new vehicle sales are electric, compared to last year where it was one in every four. Imported Motor Vehicle Industry chief executive Greig Epps says it's left many importers with excess stock. However, he says hybrid sales, on the other hand, continue to stay strong. "43 to 45 percent of the used imports that we're bringing in this year have been hybrids. Hybrids are a really solid technology." LISTEN ABOVESee omnystudio.com/listener for privacy information.
BUSINESS: Electric vehicle sales decelerate | September 4, 2024Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribeVisit our website at https://www.manilatimes.netFollow us:Facebook - https://tmt.ph/facebookInstagram - https://tmt.ph/instagramTwitter - https://tmt.ph/twitterDailyMotion - https://tmt.ph/dailymotionSubscribe to our Digital Edition - https://tmt.ph/digitalCheck out our Podcasts:Spotify - https://tmt.ph/spotifyApple Podcasts - https://tmt.ph/applepodcastsAmazon Music - https://tmt.ph/amazonmusicDeezer: https://tmt.ph/deezerStitcher: https://tmt.ph/stitcherTune In: https://tmt.ph/tuneinSoundcloud: https://tmt.ph/soundcloud#TheManilaTimes Hosted on Acast. See acast.com/privacy for more information.
Auto Talk Radio with Brian Bowersock of The West Automotive Group
Please join Auto Talk Radio with Brian this Saturday Morning August 24th , 2024, available on two stations live: The Answer San Diego AM 1170 KCBQ and FM96.1 We will be live this Saturday and will be discussing: Potential Changes to the Automotive Industry vehicle sales after the next election Cycle. For all your automotive Information Tune in or if you have questions, please feel free to call us live at The Answer San Diego @1-888-344-1170. Below are the Links for the New Apps to listen live no matter where you are! https://www.iheart.com/live/the-answer-san-diego-6020/ https://www.radio.com/theanswersandiego/listen You can also find all the listening info at: WESTAUTOMOTIVEGROUP.COM THROUGH THE https://theautomantv.com/auto-talk-radio/ Podcast of Show available @ Apple Products, Google Podcast, Pandora, Deezer, Spotify, iHeart, Radio.com and TuneInSupport the show: https://theautomantv.com/auto-talk-radio/See omnystudio.com/listener for privacy information.
The demand for electric vehicles has continued its decline. Last year importers across the country were scrambling to meet demand, and Auckland City Electric Vehicles was awaiting one of their largest shipments. Since the axing of the clean car discount, BMI Research figures suggest that the total decline in EV sales will fall by nearly 11 thousand vehicles this year. Auckland City Electric Vehicles CEO Greg Larsen told Mike Hosking that every manufacturer is going down the EV track, and he thinks they may have gone too fast. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Electric vehicle sales figures in Clare are below 2023 levels for the sixth month in a row. Just 46 vehicles with an electric engine were sold here in July compared to 78 in the same month last year which indicates a year-on-year drop of 41%. In 2024 to date, electric sales are down 43% while diesel electric hybrid sales have dropped by 45% but petrol plug-in electric hybrids and petrol electric hybrids have seen increases in their respective sales figures of 64% and 10%. Director General of the Society of the Irish Motor Industry Brian Cooke insists Budget 2025 must bring improved incentives to make owning an electric vehicle a reality for more of the population.
On this episode of Industry Insider, we speak with Blair Earle, managing director of IAA Inc., Canada, to hear how the used vehicle market is affecting Canadian aftermarket operations; vehicle sales prices and more. Be sure to listen to the end to hear a special segment about vehicle theft in Canada and how it is impacting the new and used vehicle sales markets.
Vehicle sales are continuing to plummet. Data from the Motor Industry Association shows June sales are the lowest they've been in more than a decade. New registrations have dropped for the fourth consecutive month. Association Chief Executive Aimee Wiley told Mike Hosking there's a bit of a promising uplift in June for EV sales. She says with the clean car discount EVs were making around 15% of the share, dropping to two percent in January but growing back to 5%. LISTEN ABOVE See omnystudio.com/listener for privacy information.
AP correspondent Lisa Dwyer reports that new-vehicle sales barely rose in the second quarter.
Sales for electric vehicles in the U.S. and worldwide will reach their highest levels ever this year. But a big sticking point remains. Even with tax incentives and rebates, the price for EVs is still thousands of dollars higher than their gas-guzzling cousins. The Biden administration set 2030 as the goal for when half of all new vehicles sold would be electric powered. The question is, can we get there? Duncan Wood, vice president for strategy & new initiatives at the Wilson Center, a non-profit thinktank, joins The Excerpt to talk about the possibilities and what it will take for this growing market to mature.Episode Transcript available hereAlso available at art19.com/shows/5-ThingsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In Kansas, individuals must pay a 6.5% sales or use tax when purchasing any vehicle that is primarily stored or used in the state. This is paid either at the dealership or at a county treasurer's office. Ultimately, KDOR is responsible for collecting motor vehicle sales and use tax from dealerships and counties. The Kansas Department of Revenue had procedures to help ensure dealerships remit vehicle tax but was missing several key procedures related to county tax remittance. We saw evidence that KDOR had several procedures related to training and guidance for counties and dealerships as well as procedures related to the monitoring and enforcement of dealerships. However, KDOR was missing several procedures related to the monitoring and enforcement of counties. One county didn't remit taxes for 15 months, resulting in about $11 million in delinquent taxes. Additionally, KDOR's lack of written procedures means efforts to ensure that individual buyers and dealerships are remitting aren't as effective as they could be. And KDOR's MOVRS database had significant errors, preventing us or them from doing a state-wide analysis.
There is a reduction in sales of new electric vehicles. Jerry spoke to Brian Cooke, Director General of the Society of the Irish Motor Industry, and Eamon Stack from the Irish Electric Vehicles Owners Association, about the figures and what they mean.
Mixed reports from electric vehicle dealers following a further softening of the market. It took another plunge in March with just 9% of passenger car sales being EV, falling from about 27% for all of 2023. Vehicle Import Association Chief Executive Greig Epps told Mike Hosking that some dealers are doing better than expected while others are having a tough time. He says there was a real rush, with the incentive helping to create demand. But in the aftermath to that —and with cost-of-living impacts and interest rates— we're now seeing a tail off. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Demand for electric vehicles has ground to a halt in recent months. Growth rates are down in the United States, Europe, and China, according to new data. Sam Dickie from Fisher Funds says these decreased stats don't inspire confidence in buyers. LISTEN ABOVESee omnystudio.com/listener for privacy information.
AP correspondent Haya Panjwani reports on EPA-Auto Emissions.
In our opening segment, we discuss the slight slowdown in global market share growth for battery electric vehicles (BEVs) as some incentives to buy have ended, yet prices remain high. A scarcity of charging stations in Europe and the US also remains a deterrent for consumers. Our second segment, which starts at 9:40, focuses on the charging shortage and who will pay for expansion.Guests: Matthias Heck, Vice President - Senior Credit Officer, Global Corporate Finance Group and Rene Lipsch, Vice President - Senior Credit Officer, Global Corporate Finance GroupHost: Jeff Pruzan, Vice President – Senior Research Writer, Moody's RatingsTo read more on this topic, visit Moodys.com. (Some content available only to registered users or subscribers.)Related Research:Auto Manufacturing – Global: Vehicle volume growth to be muted after last year's strong finishAutomotive Manufacturing – EU & US: Charging network build-out must speed up to support EU, US automakers' EV plansAutomotive Manufacturing – Global: Compliance risks in emission and safety regulations are becoming more evidentFuel Retailers – Global: Electrification will erode market dominance, investment to curb cash flow
It's EV News Briefly, everything you need to know in less than 5 minutes if you haven't got time for the full show. I'll be back as usual at 8am UK time, that's 5am Eastern, for the full podcast, to start a brand new day with all the latest EV news. Patreon supporters get the episodes as soon as they're ready AND ad free. You can be like them by clicking here. Volkswagen's EV Sales Reach 394,000 in 2023 https://evne.ws/420N7dF Volkswagen Integrates ChatGPT in Select Models https://evne.ws/3HffgEk Sony Honda Mobility Unveils Enhanced Afeela Concept at CES 2024 https://evne.ws/3NZLgjD Google Chrome Enhances Connectivity in Cars https://evne.ws/3Hc4heK U.S. Achieves 1.1 Million BEV Sales in 2023, Varied State Adoption https://evne.ws/3RTTX03 Tesla Updates Vehicle Features Following New Range Ratings https://evne.ws/3RTTXx5 EV Adoption Influenced by Operating Costs, Deloitte Study Finds https://evne.ws/3tPGeiF Global EV Market Predicted to Grow by 21% in 2024 https://evne.ws/3RTTZoH UK's EV Charger Network Expands by 45% in 2023 https://evne.ws/3NZLjfj UK Automakers Oppose Enhanced Incentives for Smaller EVs https://evne.ws/41VkOgF France Implements Stricter Measures on Polluting and Heavy Vehicles https://evne.ws/3NZLkjn Hungary Invests $2 Billion in Battery Production Infrastructure https://evne.ws/3HjJZQo Fisker Shifts to Franchised Dealerships for Vehicle Sales and Service https://evne.ws/3RTU2kn Herbert Diess Joins The Mobility House as Executive Chairman https://evne.ws/3RTU2Rp China's EV Shipping Crunch Amid Export Boom https://evne.ws/3tNelru Nio Launches 10 V2G Charging Stations in Shanghai https://evne.ws/41STAHr Northvolt Develops Sodium-Ion Battery with 160 Wh/kg Energy Density https://evne.ws/3Hf4RZm New Zealand's EV Market Share Reaches 50% in December Amid Policy Changes https://evne.ws/3tUrXBd
Plus, stay tuned because later in the show I'll tell you what Fisker are saying about direct sales versus dealerships. I'm Martyn Lee and I go through hundreds of articles, feeds and stories a day, so you don't have to. We're live at 8am UK time, that's 5am Eastern, to start a brand new day with all you need to know. Patreon supporters get the episodes as soon as they're ready AND ad free. You can be like them by clicking here. Volkswagen's EV Sales Reach 394,000 in 2023 https://evne.ws/420N7dF Volkswagen Integrates ChatGPT in Select Models https://evne.ws/3HffgEk Sony Honda Mobility Unveils Enhanced Afeela Concept at CES 2024 https://evne.ws/3NZLgjD Google Chrome Enhances Connectivity in Cars https://evne.ws/3Hc4heK U.S. Achieves 1.1 Million BEV Sales in 2023, Varied State Adoption https://evne.ws/3RTTX03 Tesla Updates Vehicle Features Following New Range Ratings https://evne.ws/3RTTXx5 EV Adoption Influenced by Operating Costs, Deloitte Study Finds https://evne.ws/3tPGeiF Global EV Market Predicted to Grow by 21% in 2024 https://evne.ws/3RTTZoH UK's EV Charger Network Expands by 45% in 2023 https://evne.ws/3NZLjfj UK Automakers Oppose Enhanced Incentives for Smaller EVs https://evne.ws/41VkOgF France Implements Stricter Measures on Polluting and Heavy Vehicles https://evne.ws/3NZLkjn Hungary Invests $2 Billion in Battery Production Infrastructure https://evne.ws/3HjJZQo Fisker Shifts to Franchised Dealerships for Vehicle Sales and Service https://evne.ws/3RTU2kn Herbert Diess Joins The Mobility House as Executive Chairman https://evne.ws/3RTU2Rp China's EV Shipping Crunch Amid Export Boom https://evne.ws/3tNelru Nio Launches 10 V2G Charging Stations in Shanghai https://evne.ws/41STAHr Northvolt Develops Sodium-Ion Battery with 160 Wh/kg Energy Density https://evne.ws/3Hf4RZm New Zealand's EV Market Share Reaches 50% in December Amid Policy Changes https://evne.ws/3tUrXBd
AP correspondent Lisa Dwyer reports on Auto Sales.
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AP correspondent Donna Warder reports on electric vehicle sales in the U.S.
Electric Vehicles have been growing over the past decade. Could there be interesting relationships found by taking a data-driven approach in terms of correlations with economic indicators? Tune in to a new episode of TrendsTalk with ITR Economist and Speaker Taylor St. Germain to find out!
Why are electric vehicles sales not surging faster, as predicted? “Range anxiety” – the concern that the EV will not have sufficient range on longer trips or be able to make it to a charging station – is often listed as a top reason for hesitation. Jacki shares the latest: The American Automobile Association (AAA) confirms that an electric vehicle range can fall nearly 25% when carrying a significant weight load. Combine this with the loss of up to 35% of range in colder weather (Recurrent Research, Dec. 2022) and we begin to see why “range anxiety” is a well-founded concern for those Americans wealthy enough to afford an electric vehicle. - - - - - Update: Whales continue to wash up along the eastern seaboard. Why?