Renault

Sales of secondhand cars have been declining as more brand-new cars have become available in the market and due to the combination of other factors.

In the last three years, the prices of secondhand vehicles had been on the rise, but this stopped in July after the Trade Ministry imposed some restrictions on the sales of secondhand cars.

Tesla and Chinese carmakers showed off their newest electric models at the Munich auto fair, throwing down the gauntlet to their European rivals as competition in the sector intensifies.

The industry-wide shift towards electric vehicles (EVs) was on full display on the opening day of Germany's biennial IAA mobility show, one of the world's largest.

Should they stay or should they go now? Eighteen months after the start of the war in Ukraine, many Western companies in Russia are still assessing the pros and cons.

According to a count by the Yale University, around a hundred companies from the G7 nations are still operating in Russia, but the numbers appear to be dropping.

U.S.-European auto giant Stellantis, whose brands include Fiat, Jeep and Peugeot, reported yesterday a record net profit in the first six months of the year, boosted by higher prices for its vehicles.

When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment.

Billions of dollars' worth of factories, energy holdings and power plants were written off or put up for sale, accompanied by fierce condemnation of the war and expressions of solidarity with Ukraine.

The combined sales of passenger cars and light commercial vehicles are expected to surpass 435,000 in the first five months, a record level for this period ever.

In May alone, sales are forecast to be above 100,000 cars, according to the people from the industry.

Renault was the top-selling brand in Türkiye's secondhand market last year, according to data from Quick Finans SmartIQ.

In 2022, a total of 3.35 million vehicles changed hands, of which 542,000 were Renault brand cars. Volkswagen came second at 457,000, followed by Fiat at 321,000.

The Sofia District Prosecutor's Office brought to criminal responsibility a 27-year-old citizen of Ukraine, who illegally assisted foreigners to cross into Bulgaria.

The Renault 4 that Slovenia's former President Borut Pahor auctioned off in February for €60,000 has raised €275,000 in donations in the second round of the charity campaign as the Quatrelle changed hands again.

The new round of the charity campaign was initiated by the Fratar family from Dravograd, Koroška, which bought Pahor's 1991 Quatrelle as the highest bidder in February.

Revoz, the Slovenian subsidiary of the French car maker Renault, expects this year's output to be on a par with last year's. The Novo Mesto plant scaled down production and staff in March of 2022 in response to disruption in supply and the general crisis related to the post-Covid transformation of the automotive industry.