Restrictions on import of used cars relaxedISLAMABAD: The Ministry of Commerce made revisions to the Import Policy 2022 on Thursday, easing restrictions on the import of used and unregistered vehicles.
According to the updated policy, the government now permits the importation of used cars with a mileage of up to 2,000 kilometers, contrasting with the previous regulation which restricted imports to vehicles with a maximum mileage of 500 kilometers.
Under the revised import policy, vehicles with mileage not exceeding 2,000 kilometers will be classified as “new,” as outlined in the ministry’s notification.
It’s noteworthy that imports significantly impact the…
Author: Dara
Used Car Prices Drop Faster Than Expected, Now 21% Below 2021 Peak
However, they’re still around 33 percent higher than they were before the pandemic at the end of 2019January 14, 2024 at 16:04
The wholesale value of secondhand vehicles was down 7.0 percent at the end of 2023, which was a sharper decline than analysts predicted. That means that used vehicle prices are down nearly 21 percent, as compared to their pandemic peak in December 2021.
The final two weeks of 2023, in particular, saw above-average declines in the three-year-old used vehicle market, and over the course of December, average prices dropped by 1.4 percent. By comparison, before the pandemic…
How to Build a Career in Venture Capital
Finding A Job Is Getting Harder Even In A Robust Labor Market This Is WhySome employees are a part of our agile workforce mobility programme and all employees are employed beneath WHO?s Rules and Regulations. WHO’s insurance policies and hiring practices are grounded in variety, equity and inclusion. We proceed to strive for gender balance throughout the group. WHO encourages purposes from unrepresented and underrepresented countries, folks with disabilities, younger candidates and girls.
He just lately applied for a job delivering groceries for a store near his house in Orlando to help cowl his dwelling bills. You see infinite…
Volvo software issue stalls EX30 small SUV deliveries
Volvo has delayed deliveries of the EX30 due to an issue with the full-electric small SUV’s software.
It is the second Volvo EV stung by software trouble after the EX90.
“We confirm that Volvo is working tirelessly to resolve the problem,” the automaker said in a correspondence to its dealers seen by Automotive News Europe. “Important progress has been made but the software version 1.2 does not yet meet all the requirements necessary to be released.”
When asked about the delay, a Volvo spokesperson said in an email: “A limited number of customers have had to wait a few extra…
Continental CFO won’t extend contract
Continental’s CFO, Katja Garcia Vila, will not extend her contract and plans to leave the auto supplier she joined nearly three decades ago.
Garcia Vila, 51, became CFO in December 2021 and will stay on until a successor has been found, the company said Monday. Her contract expires in December.
Continental is going through a major revamp to improve returns at its struggling auto unit, including more than 7,000 job cuts and site closures.
Garcia Vila is leaving “because of her own career planning,” the supplier said in a news release.
She started her career at Continental in 1997 and…
Four used car brands you can sell for a profit are revealed by motors dealers – and they’re all from the same country
FOUR used car brands that sell for a profit have been revealed by a motors dealer – and they’re all from the same country.
Kenny Martin owns Competition Cars and Classics in Salem, Virginia.2
Kenny Martin says Japanese-made Honda, Toyota, Mazda and Subaru’s should be at the top of any car flipper’s list2
Cars like the Subaru Forester, a Japanese car, should be at the top of any car flipper’s listCredit: Getty
The petrol head says Japanese-made Honda, Toyota, Mazda and Subaru’s should be at the top of any car flipper’s list.
Sharing his top tips on TikTok,…
As used EV prices fall, automakers repay leasing firms
Fueled by generous subsidies and tax breaks, corporate cars are especially popular in Europe, with Volkswagen, Stellantis and BMW leading a market with nearly 13 million deliveries last year. Fully electric cars made up nearly 16 percent of sales then.
Carmakers need to comply with tightening fleet emission levels, or pay fines. In the European Union, the permissible level of carbon dioxide emissions will drop next year with Volkswagen still some way off, according to an analysis by market researcher Jato. In the UK, zero-emissions vehicles should make up 22 percent of sales this year, rising to 28 percent the…
Car repair prices are rising much faster than overall inflation. Here’s why.
When Pat Clynes pushed down the gas pedal on his Ford Explorer during a drive in Houston, Texas, in July 2022, an otherwise routine day became the start of what he later described as a nightmare.
The car failed to accelerate like it usually does, triggering immediate concern that something was wrong, Clynes said.
Since he thought the car was under warranty, Clynes brought it to a Ford dealership, where an employee later told Clynes it would cost nearly $1,400 just to identify the problem.
Weeks later, the dealership identified the problem as engine failure and said it would cost…