Automotive Industry Grapples with Plummeting Resale Values of EVs

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 23 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 68%

Europe Noticias

Automakers,Demand,Resale Value

European automakers are struggling with falling demand, with Volkswagen, Mercedes, and Stellantis facing declining profits and revenue.

Shares in names like VW, Mercedes and Stellantis were lower this week, heading into Wednesday's session, after news of 'falling demand' in Europe. In the first quarter of this year, Europe's top two car manufacturers faced a downturn due to diminished demand in China and domestic markets, Financial Times reported on Tuesday this week. Volkswagen Group saw a significant decline in profits, dropping by a fifth from the previous year to €4.

worried about the Cars operations,' the report notes. Meanwhile, Jefferies said it was a “downbeat start” to the year for VW. As we have been pointing out on Zero Hedge, the automotive industry, previously buoyed by supply chain disruptions driving up prices, is now grappling with challenges stemming from plummeting resale values of electric vehicles. The EV industry, especially in China, is winning by going smaller, we noted last week.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 34. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Automotive Industry Calls for Electric Car Incentives as Market Share DeclinesThe automotive industry issued renewed pleas for electric car purchase incentives after new figures showed a decline in the vehicles’ market share. Some 15.2% of new cars registered in March were pure electrics, down from 16.2% during the same month last year, the Society of Motor Manufacturers and Traders (SMMT) said. The industry body urged the Government to halve VAT on the purchase of new electric vehicles (EVs), amend plans to introduce vehicle excise duty for EVs, and reduce VAT on public EV charging to bring it into line with home charging. Under the Zero Emission Vehicle (ZEV) mandate, at least 22% of new cars sold by each manufacturer in the UK this year must be zero-emission, which in most cases means they are pure electrics
Fuente: Observer_Owl - 🏆 18. / 72 Leer más »

The Baltimore Port Shutdown and Its Impact on the U.S. Automotive IndustryRecent events raise questions about the future of the automotive industry, particularly regarding automotive imports. The Baltimore port shutdown, following the Francis Scott Key bridge collapse, is expected to have a significant impact on the U.S. automotive industry.
Fuente: OilandEnergy - 🏆 34. / 68 Leer más »

Industry speakers revealed for Climb24: the UK’s festival of innovation, industry and investmentGlobal leaders in tech and investment join the speaker line-up for the two-day festival. The first speakers have been revealed for Climb24, a festival of innovation, industry and investment, who will address the audience of scale-ups, entrepreneurs and investors in Leeds on June 5th – 6th, 2024.
Fuente: The Yorkshire Post - 🏆 39. / 66 Leer más »