Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company’s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy. US listed shares of the company fell about 4% in premarket trading. A halting economic recovery in China coupled with a persistently weak property market … Read more
Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales only later this month, industry … Read more
New Delhi: Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales data only later … Read more
The sedan segment has seen a sharp decline over the past decade, largely due to the rising demand for SUVs. This trend hasn’t gone unnoticed by manufacturers, who are increasingly focusing on expanding their lineup of SUVs and crossovers to cater to the shifting consumer preferences. In the early 2000s, hatchbacks used to dominate the … Read more
NEW DELHI: Italian super luxury automaker Automobili Lamborghini expects exponential growth in India with the potential to become a top market in the Asia Pacific region in the long-term, driven by customers who are the youngest globally, according to a senior company official. With the company selling a record 103 units in India in 2023, … Read more
So far this year, Sony is leading the sales race in Japan for interchangeable lens mirrorless cameras, while Canon is dominating the charts for DSLR cameras. The BCN Rankings comprise sales data from 21 of the largest retailers in Japan, including Amazon and Bic Camera, to name just a couple. While the data doesn’t include … Read more
So far this year, Sony is leading the sales race in Japan for interchangeable lens mirrorless cameras, while Canon is dominating the charts for DSLR cameras. The BCN Rankings comprise sales data from 21 of the largest retailers in Japan, including Amazon and Bic Camera, to name just a couple. While the data doesn’t include … Read more
So far this year, Sony is leading the sales race in Japan for interchangeable lens mirrorless cameras, while Canon is dominating the charts for DSLR cameras. The BCN Rankings comprise sales data from 21 of the largest retailers in Japan, including Amazon and Bic Camera, to name just a couple. While the data doesn’t include … Read more
More data from Japan shows that, looking back at the last 15 years, smartphones truly obliterated the compact camera market: the ownership rate of a standalone digital camera in Japan has fallen below 50% for the first time in 19 years. In a survey of households by the Cabinet Office in Japan, only 48.6% said … Read more
Carmakers expect to face a record stockpile of 400,000 vehicles worth ₹44,000 crore by this month-end as demand cools in India after a 3-year run of scorching sales. With car despatches to dealers outpacing demand, passenger vehicle registrations, taken as a proxy for retail sales, are also expected to fall by 5% in May from … Read more