Tag: Hyundai

Auction Vehicle Sales Mark Another Rebound Year

Across vehicle age groups, auction sales rose nearly 8% year-over-year in 2024 for 0–to-2-year-old vehicles, which includes a heavy mix of rental fleet units.  Graphic: AuctionNet Total full-year AuctionNet wholesale sales reached 6.74 million vehicles, up 9.6% versus 2023’s full-year total, according to AuctionNet data released Jan. 10. Auction sales have now increased for two… Continue reading Auction Vehicle Sales Mark Another Rebound Year

Renault will not ‘force’ Twingo into UK dealers to boost EV sales mix

Renault aims to take the Mk4 from conception to the road in less than two years and has partnered with an unnamed Chinese consultancy in a bid to make the engineering and production processes as efficient as possible. In spite of its low projected list price (which puts it in the realm of the petrol-engined… Continue reading Renault will not ‘force’ Twingo into UK dealers to boost EV sales mix

Eight Charts That Capture India’s Car Market in 2024

Car sales in the first 11 months of 2024 have been a mixed bag with a lot of back and forth between OEMs and dealers who have struggled to sell off stock in their yards. Mahindra crossed the magical 500,000 mark for the trailing 12 months. The company contributed to over half of the growth… Continue reading Eight Charts That Capture India’s Car Market in 2024

Worst behind for PV industry, optimistic about 2025: Hyundai’s Tarun Garg

After witnessing a moderation in the passenger vehicle industry volume growth rate in 2024, India’s second largest car maker Hyundai Motor India believes the most challenging period is over for the industry and anticipates sustained growth moving forward. “I believe the worst is behind us…There are enough reasons to be positive. We have always seen… Continue reading Worst behind for PV industry, optimistic about 2025: Hyundai’s Tarun Garg

Kia to unveil Syros and EV6 facelift at Auto Expo 2025

At the upcoming Auto Expo 2025, Kia’s pavilion will have two important new models – the Syros compact SUV and the EV6 facelift. The Syros globally debuted last month, and it will make its first public appearance at the upcoming event alongside the EV6 facelift. Kia’s existing crop of cars, such as the EV9 electric… Continue reading Kia to unveil Syros and EV6 facelift at Auto Expo 2025

Trump and Republicans Cannot Stop Electric Vehicles, Experts Say

To a large extent, the electric vehicle market in the United States runs on Democratic policies. There are federal tax credits for car buyers. Subsidies for battery manufacturing. Cheap loans to build electric car factories. Grants for chargers. Regulations that push automakers to sell more vehicles with no tailpipe emissions. All of that support —… Continue reading Trump and Republicans Cannot Stop Electric Vehicles, Experts Say

Republicans can slow but not stop electric vehicles

Analysts note that sales of electric vehicles in Germany plunged 27% last year after the country’s government slashed incentives for car buyers. To a large extent, the electric vehicle market in the United States runs on Democratic policies. There are federal tax credits for car buyers. Subsidies for battery manufacturing. Cheap loans to build electric… Continue reading Republicans can slow but not stop electric vehicles

HD Hyundai Heavy Industries Begins Warship Construction in Peru

K-Defense’s Entry into Latin America Gains Momentum Four vessels, including a frigate, officially begin construction at Peru’s SIMA Shipyard, with deliveries starting in 2026 Peru’s President Dina Boluarte, Prime Minister, Defense Minister, and Navy leadership attended the launch ceremony It is a milestone for K-Defense in Latin America. We will ensure project success through cutting-edge technology and… Continue reading HD Hyundai Heavy Industries Begins Warship Construction in Peru