The US car market is showing signs of fatigue as rising costs are impacting buyers' ability to purchase vehicles, indicating potential challenges ahead for the auto industry.
UK new car registrations exceeded 2 million in 2025, with electric cars making up 23.4%, but the reliance on heavy discounts to boost EV sales is deemed unsustainable by the SMMT, which warns that government incentives and policies like the ZEV Mandate may need review due to rising costs and market demand concerns.
Chinese automotive brands have increased their new car sales in the UK, surpassing 2 million units, indicating a significant growth in their market presence.
Car sales are declining due to economic uncertainty and high prices, with EV sales in China showing signs of fatigue, while Tesla gains market share. Meanwhile, a controversial Trump clemency involves a $1.6 billion fraud scheme, and South Korea secures a 15% tariff rate in US trade negotiations.
Tesla has launched a cheaper, stripped-down version of its Model Y following the end of US EV federal tax credits, aiming to boost demand amid declining subsidies and rising competition, but shares fell as analysts questioned profit margins and demand weakens in Europe due to Musk's political activism and increased competition from companies like BYD.
Hertz Global has launched a fully online car-buying marketplace, leveraging demand for used cars and collaborating with Amazon Autos, offering trade-in options, amid its shift away from electric vehicles due to higher repair costs.
Hertz has partnered with Amazon Autos to sell its used cars online, initially in select U.S. cities, offering inspected vehicles with warranties and buy-back guarantees, expanding Hertz's reach in the online used car market.
Stellantis has unveiled its new Jeep Cherokee SUV amidst declining sales, highlighting ongoing efforts to revitalize its vehicle lineup and attract customers in a competitive market.
Hertz has partnered with Amazon Autos to sell used rental cars in select US cities, with plans to expand to 45 locations, offering customers a convenient online shopping experience for pre-owned vehicles from various brands.
Hertz is partnering with Amazon Autos to sell used vehicles online, allowing customers in select cities to browse, purchase, and pick up cars at Hertz locations, aiming to expand its retail footprint and boost profits.
Tesla plans to develop more affordable vehicles and seek approval for its self-driving software in Europe amid declining sales, shrinking profits, and increased competition, with the company facing economic and political challenges that impact its growth and market value.
Lexus has discontinued the LC Hybrid after only eight units sold last year, with the V8 model remaining available in the U.S. The hybrid was poorly received due to its slow performance and sound, leading Lexus to focus on the more popular V8 version, which is considered a future collectible.
Tesla's upcoming Q2 earnings report is highly anticipated, with expectations of decreased sales and earnings compared to the previous year, influenced by delays in new vehicle models, policy changes affecting EV credits, and ongoing developments in AI and robotics. Investors are particularly interested in Elon Musk's statements and the company's future strategies, which could lead to significant stock movement.
Tesla's Q2 2025 vehicle deliveries and production have declined, reflecting a downward trend amid CEO Elon Musk's distractions with various unrelated ventures and controversies, which are impacting the company's focus and sales, especially in Europe and the UK.
New car registrations in the EU declined overall in the first five months of the year, with a significant increase in electric vehicle sales, especially in Germany, Belgium, and the Netherlands. Hybrid cars now dominate the market, while traditional petrol and diesel cars lose ground. Tesla's sales dropped by 45.2%, but Chinese automaker SAIC Motor outperformed Tesla with a 49.1% sales increase. Volkswagen remains the market leader, and overall, the EU car market is shifting towards electrification despite some country-specific variations.