Do-Good Auto Coalition formed to unite dealers in helping communities during pandemic

Car sellers are stepping up their community outreach for the duration of the COVID-19 pandemic, and an umbrella team was shaped to market their excellent deeds and enable them come across wherever their generosity is most wanted.

The Do-Good Car Coalition, arranged by New York-based Constellation Company, provides jointly sellers and some others in the automotive marketplace with all those in search of aid in their communities.

“Most of the sellers I know are now closely involved with their communities,” mentioned Constellation Company CEO Diana Lee. “Amid the Covid-19 shutdown, they see higher requirements and want to do more. So

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Beijing’s Auto China show has been rescheduled for Septembe | Car News

Organizers of Beijing’s postponed Automobile China show have declared it is now scheduled to get spot starting September 26. The automobile show was at first scheduled for previous April 21.

The show was formally postponed back again in March because of to the coronavirus outbreak, but no new day had been established. If it does go in advance in the slide, the occasion will definitely seem rather different than at first planned, considering that a number of unveilings scheduled for the show have considering that get spot or will in advance of then.

Auto123 launches Shopicar! All new would make

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COVID-19 impact on Indian automotive industry- Taking action in troubled times, Auto News, ET Auto

The India automotive industry has already seen difficult past few quarters and this pandemic led lockdown couldn’t have been more ill-timed.
The India automotive sector has presently viewed tough earlier number of quarters and this pandemic led lockdown could not have been additional unwell-timed.

By Rahul Mishra


The global pandemic brought about by the novel corona virus comes at time when both the Indian financial state and the automotive sector had been hoping for restoration. Whilst the GDP growth forecasts had been north of five.five%, COVID-19 may well end result in a damaging influence of one-two% on the anticipated growth rates. The complete magnitude of influence relies upon on the duration of ongoing lockdown and the influence brought about of this
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Ashok Leyland sales tank 90% in March at 2,179 units, FY20 sales down 37%, Auto News, ET Auto

The cumulative sales of M&HCV dropped by 45 percent 78,607 units in FY'20, sales of LCV registered a decline of 14 percent at 46,646 units in the same period.
The cumulative product sales of M&HCV dropped by forty five per cent 78,607 models in FY’20, product sales of LCV registered a drop of fourteen per cent at forty six,646 models in the exact period.

New Delhi: Hinduja Team flagship enterprise Ashok Leyland on Monday documented a 90 per cent drop in total product sales at two,179 models for March 2020, as against 21,535 models in the exact thirty day period past calendar year.

Sales for its medium and large industrial cars (M&HCV) dropped by 89 per cent at one,831 models in March as against sixteen,034 models in the calendar

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ICRA, Auto News, ET Auto

Given retail demand is unlikely to witness any meaningful recovery over the next two quarters, ICRA believes that credit profile of automotive dealerships remains very vulnerable in the interim
Given retail need is not likely to witness any significant restoration over the future two quarters, ICRA thinks that credit score profile of automotive dealerships stays really susceptible in the interim

New Delhi: Credit history ranking agency ICRA Ratings on Tuesday said the latest Supreme Court docket verdict to allow for 10 percent of BS-IV inventory inventory to be liquidated in 10 times from lifting of lockdown limitations (identified as to contain the distribute of coronavirus) is not likely to give any significant respite to the vehicle dealerships provided retail need is possible to be muted for the future several

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