China Heads Global Auto Industry Revival: 4 Stocks in Focus

The China auto market has finally risen from ashes. The auto sector in China had been battling a downturn since July 2018 owing to tighter emission standards, trade tensions, increasing popularity of ride-sharing platforms and sluggish economy. The coronavirus pandemic — originated in Wuhan — further added to the woes, as was evident from the biggest ever decline of around 80% year over year in February. However, with effective control of the virus, China is now at the forefront of global auto market recovery.

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Being the first country to emerge out of the deadly coronavirus, lockdown in many cities in China got lifted when other cities in the world were either in the shutdown mode or entering it. Once business activities in China returned to normalcy after the authorities relaxed travel restrictions and lockdowns, vehicle sales in the country started picking up. Auto sales in China witnessed year-over-year

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Global Automobile Upholstery Market Scope, Challenges and Trends Analysis (2021-2030)| Faurecia, IAC, Johnson Controls

Pune, Maharashtra, India, October 13 2020 (Wiredrelease) Prudour Pvt. Ltd :The Global Automobile Upholstery Market Growth Opportunities and Investment Feasibility 2021-2030 | Corona Virus Lockdown A Dramatic Impact report has been added to the market.us analysts contribution.

This exhaustive Automobile Upholstery market report provides a full holistic analysis [2012-2019], market size and time frame [2021-2030], emerging facts and trends of Automobile Upholstery, growth drivers and challenges, as well as key vendor analysis. By using input from industry experts, this report has been prepared primarily based mostly on particular market assessment.

Globally, Competitors identified in this market include, among others: Visteon, IAC, Faurecia, Calsonic Kansei, Toyota Boshoku, Johnson Controls, Reydel, Toyoda Gosei, Kasai Kogyo, Takata, Grupo Antolin and ZF.

This has brought along several changes in Automobile Upholstery report also covers the impact of COVID-19 on the global market. This report is used for various applications in industries such as Car

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TomTom auto recovery drives earnings beat, lifts shares

(Reuters) – Shares in Dutch mapping and navigation company TomTom jumped as much as 6% on Wednesday after it reported quarterly results ahead of analysts’ forecasts, boosted by strong automotive sales in a recovering industry.

FILE PHOTO: TomTom mapping system is seen inside a vehicle in Eindhoven, Netherlands, November 21, 2019. REUTERS/Eva Plevier/File Photo

The location technology company, whose customers range from major car companies to leading global tech firms, saw sales in its automotive unit, which supplies maps and navigation software to automakers, grow 19% year-on-year while earnings fell across its other businesses in the third quarter.

TomTom’s finance chief, Taco Titulaer, predicted further growth for automotive in the fourth quarter, citing improved car production as the sector recovers from global lockdowns that shuttered showrooms and brought traffic to a halt.

Industry data showed new European car sales down just 18% in August compared to the previous year, after

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Diwali 2020: Hyundai Car Discounts & Benefits In October 2020 For Santro, Elite i20, Elantra & More

Diwali 2020: Hyundai Car Discounts & Benefits In October 2020 For Santro, Elite i20, Elantra & More

Models receiving festive benefits include the Santro, Grand i10, Grand i10 Nios, Elite i20, Aura and the Elantra sedan sold in the Indian market. The offer is valid on purchases made between October 1 and October 31, 2020.

Diwali 2020: Hyundai Car Discounts & Benefits In October 2020 For Santro, Elite i20, Elantra & More

Buyers can avail offers by purchasing any of the above models via the brand’s online sales platform called Click to Buy or at any of the authorised dealerships across the country. Here is a model-wise breakup of discounts on cars:

Diwali 2020: Hyundai Car Discounts & Benefits In October 2020 For Santro, Elite i20, Elantra & More

Hyundai Santro
The Hyundai Santro is the brand’s entry-level model sold in the Indian market. The company is offering maximum benefits of up to Rs 45,000 this month. The Santro offered in petrol and CNG engine options.

Diwali 2020: Hyundai Car Discounts & Benefits In October 2020 For Santro, Elite i20, Elantra & More

The 1.1-litre four-cylinder engine produces 67bhp and 99Nm of torque. The engine comes mated to either a five-speed manual or an AMT automatic transmission. The Hyundai Santro rivals the likes of the Tata Tiago and

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Edmunds: Car value myths, busted owner bargain value value myths

You’ve probably heard over the years a number of tips or myths regarding the value of your car. They might involve how quickly a new vehicle depreciates, for instance, or the biggest factor that influences the value of your used vehicle. But are they true, especially this year because of new pandemic-related market trends? Edmunds’ experts analyzed the most popular car value myths to find the truth behind them.

MYTH: NEW CARS LOSE 20% THE MOMENT THEY DRIVE OFF THE LOT

True. “The first hit on the car is basically immediate,” said Richard Arca, director of vehicle valuations and analytics for Edmunds.

If you traded in your vehicle within a week or so, you’re losing the sales tax and fees you paid on the car — about 11%. Plus, the dealership will offer you less since the car is no longer new and it needs to make a profit on

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20 deals on car accessories to make your next road trip easier

Products featured here are selected by our partners at StackCommerce.If you buy something through links on our site, Mashable may earn an affiliate commission.

Enter OCTSALE20 at checkout for an extra 20% off.
Enter OCTSALE20 at checkout for an extra 20% off.

Image: iPitaka

Your daily commute may just be a short walk from bedroom to “office” these days, but that just makes getting in the car more appealing than ever. In other words, it’s a great time for a road trip (done safely, of course). 

But before you drive off into the sunset, make sure you have the right car accessories to keep you safe, charged up, and ready to take on anything. 

Be sure to enter the code OCTSALE20 at checkout to get the biggest discount. Deals are active as of Oct. 14.

MagEZ Mount Qi: Magnetic Car Mount Charger

Keep your GPS in view with this magnetic and adjustable

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BCA reports rising used car values and volumes

Date:

14 October 2020


  |  

Author: Sean Keywood





Used car values and volumes both rose during September, according to auction firm BCA.




It says the average sale value was £8,363, a 3.9% increase month-on-month, while online sold volumes were up by 31% to reach the highest point on record.




Conversion rates also remained high, typically exceeding 85%.




BCA says overall buyer demand for stock remained strong, with an increasing focus on stock that is ready to take away and retail immediately.

BCA COO for UK remarketing Stuart Pearson said: “The used car market saw buying activity and demand increase in September with BCA selling record volumes online for the fifth month running.  

“We also saw record numbers of customers purchasing online in September, with numbers of customers for both online auctions and fixed price purchase continuing to rise. 

“It is this strength in depth in the used

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Auto debt complaints are soaring during pandemic

MARKET EXTRA

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Consumers struggling to keep up with their auto debts filed a record number of complaints with a key federal consumer watchdog agency in the first five months of the pandemic, according to a new analysis of government data released Wednesday.

The report found that the Consumer Financial Protection Bureau received 2,844 complaints by borrowers, or pleas for help, on auto-related disputes from March to July, the highest of any five-month period since the CFPB started collecting consumer complaints in 2012.

The complaints showed borrowers have been hard-hit by COVID-19 after a booming decade for auto financing, but also pointed to a potentially bigger crisis brewing in the months since auto debt relief was left out of the $2 trillion Cares Act passed by Congress in March.

“In the first months of the pandemic, many auto lenders have offered relief programs to their customers. But

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KAR Auction Services (NYSE:KAR) Downgraded to “Hold” at Zacks Investment Research

KAR Auction Services (NYSE:KAR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “KAR Auction Services, Inc., through its subsidiaries, operates as a used vehicle and salvage auto auction company in North America. The company operates in three segments: ADESA, IAAI, and AFC. The ADESA segment provides whole car auctions and related services to commercial fleet operators, financial institutions, rental car companies, used vehicle dealers, vehicle manufacturers and their captive finance companies, and franchised and independent used vehicle dealers. This segment also provides value-added ancillary services, such as inspections, storage, transportation, reconditioning and titling, and other administrative services. The IAAI segment offers salvage vehicle auctions and related services. The AFC segment offers short-term and inventory-secured financing, known as floorplan financing, to independent used vehicle dealers. KAR Auction Services, Inc. is headquartered in Carmel, Indiana.

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Attractive discounts announced on these Toyota cars in October 2020

Attractive discounts announced on these Toyota cars in October 2020

14 Oct 2020: Attractive discounts announced on these Toyota cars in October 2020

In a bid to boost sales, Toyota is offering discounts and offers of up to Rs. 60,000 on some of its popular offerings including the Yaris, Glanza and Innova Crysta.

These offers are valid until the end of this month and can be availed in the form of cash discounts, corporate discounts and exchange bonus.

Here are more details.

Details: Take a look at the offers

Toyota Glanza is available with Rs. 15,000 cash discount, Rs. 5,000 corporate discount and Rs. 10,000 exchange bonus.

The Yaris sedan can be bought with benefits of Rs. 60,000, including exchange bonus, cash discount, and corporate discount.

Meanwhile, the Innova Crysta is up for grabs with a cash discount of Rs. 15,000, exchange bonus of Rs. 30,000 and a corporate

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