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Russian auto market to rebound in autumn

Russian auto market to rebound in autumn

The Russian auto market could steady down in the second half of this year according to the chief of Ford Motor Co.’s Russian venture after car sales have plummeted there because of a drop in the country’s economy. After a period with sales growth in excess of 10%, the car […]

Toyota to officially present 2016 Prius soon

Toyota to officially present 2016 Prius soon

The automaker’s log running and very successful hybrid will receive a new generation in the form of the 2016 Prius sometimes this year, thus bringing to an end the numerous rumors and reports that a crucial model has been postponed. Jim Lents, chief executive officer of Toyota North America refrained […]

US: gas prices once more on a declining trajectory

US: gas prices once more on a declining trajectory

After gasoline prices at the pumps recovered a bit and posted a new peak in March, with US refineries under full steam and producing at their highest seasonal rates in a decade, retail prices fell once more this month. According to the traditional Lundberg Survey, the average price of regular […]

Russia: March sales on steep dive

Russia: March sales on steep dive

Once considered as a viable candidate to overtake Germany as Europe’s largest auto market, Russia has seen a stark contrast to the developments on the continent, in the US or China. Last month’s figures for the light vehicle market were the worst in terms of volume and percentage decline over […]

US: drivers believe low gas prices are not here to stay

US: drivers believe low gas prices are not here to stay

According to the latest consumer survey, while US gasoline prices are spectacularly down these months, buyers forecast they would return to their previous high levels in the near future. The Consumer Federation of America revealed the findings of its latest research on the matter, with consumers predicting that in two […]

US: gas price slides below $2 a gallon in Detroit

US: gas price slides below $2 a gallon in Detroit

The lower global demand for oil, coupled with the continued production and planned non intervention from the OPEC and the other world producers have led to a spectacular fall in US gas prices. During the final days before Christmas, Detroit residents will have more cash at hand as the gas […]