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Carvana reports record second-quarter profit and raises 2026 earnings outlook

Carvana reports record second-quarter profit and raises 2026 earnings outlook

Carvana reported record second-quarter results, with net income of $513 million and vehicle sales up 38% to 197,325 units. It forecast adjusted earnings of $2.7bn-$3bn for 2026.

EarningsSales
CNBC1 day ago
Carvana reports record second-quarter profit and raises 2026 earnings outlook
US used Class 8 truck sales rebound in June as prices rise

US used Class 8 truck sales rebound in June as prices rise

US used Class 8 truck retail sales rose 9.6% month on month and 4% year on year in June, ACT Research reports. Average retail prices increased 2% to $61,751, although wholesale and auction activity declined.

SalesTruck
Truck News1 day ago
US used Class 8 truck sales rebound in June as prices rise
China’s EV lead is reshaping Australia’s imported car market

China’s EV lead is reshaping Australia’s imported car market

June data shows China’s domestic EV growth is driving exports, while Thailand’s electrification could reshape Australian imports. Australia’s battery-electric sales reached 23.3% of new-car sales, highlighting the influence of supplier-country policy and production choices.

EVLegislationSales
The Driven IO1 day ago
China’s EV lead is reshaping Australia’s imported car market
Stellantis Pro One reports 7% first-half commercial-vehicle sales growth

Stellantis Pro One reports 7% first-half commercial-vehicle sales growth

Stellantis Pro One reported 7% first-half 2026 sales growth and maintained strong commercial-vehicle positions globally. It led Europe’s battery-electric van market, increased shares in South America and North America, and launched the Ram Dakota in Brazil.

EarningsEVHCVsLCVsSales
Automotive Fleet3 days ago
Stellantis Pro One reports 7% first-half commercial-vehicle sales growth
Toyota, Hyundai and Honda dominate America’s growing hybrid market

Toyota, Hyundai and Honda dominate America’s growing hybrid market

US hybrid sales rose almost 20% year on year to a 15.4% market share in the first half of 2026. Toyota, Hyundai Motor Group and Honda accounted for 86% of sales, while Honda prepares a hybrid system for larger vehicles.

CarElectric VehiclesEVSales
CNBC7 days ago
Toyota, Hyundai and Honda dominate America’s growing hybrid market
Ryder launches free 60-day warranty for used commercial vehicles

Ryder launches free 60-day warranty for used commercial vehicles

Ryder has launched a free 60-day limited warranty for DOT-verified used commercial vehicles sold in the US until year-end. The programme covers key powertrain and comfort components, alongside optional extended cover of up to 36 months.

AnnouncementsHCVsSales
Truck News8 days ago
Ryder launches free 60-day warranty for used commercial vehicles
Chinese automakers gain ground in the UK as buyers embrace lower-priced cars

Chinese automakers gain ground in the UK as buyers embrace lower-priced cars

Chinese-made cars, including BYD and Geely models, are gaining ground in the UK, with imports and sales rising sharply. Their lower prices, strong technology and the UK’s treatment of plug-in hybrids are helping them attract buyers.

CarEVSales
CNBC13 days ago
Chinese automakers gain ground in the UK as buyers embrace lower-priced cars
US used Class 8 truck retail sales rise 11% in June

US used Class 8 truck retail sales rise 11% in June

Preliminary ACT Research data shows US same-dealer used Class 8 truck retail sales rose 11% month on month in June, while average prices increased 5% to more than $61,000. Auction and wholesale sales declined.

SalesTruck
Truck News2 weeks ago
US used Class 8 truck retail sales rise 11% in June
US fleet sales rise 10.3% in June as first-half gains continue

US fleet sales rise 10.3% in June as first-half gains continue

US fleet sales rose 10.3% year on year in June 2026 to 210,683 vehicles. First-half sales reached 1.25 million, up 4.4%, with commercial fleet purchases increasing 7.6% year to date.

FleetSales
Automotive Fleet3 weeks ago
US fleet sales rise 10.3% in June as first-half gains continue
BYD Shark 6 exports fall 25.76% year on year in first half of 2026

BYD Shark 6 exports fall 25.76% year on year in first half of 2026

BYD exported 20,037 Shark 6 plug-in hybrid pickups in the first half of 2026, down 25.76% year on year. Australia accounted for 85% of June deliveries as competition in the global plug-in hybrid pickup market intensified.

EVSalesTruck
CarNewsChina.com3 weeks ago
BYD Shark 6 exports fall 25.76% year on year in first half of 2026
BYD withdraws Sealion 7 from Chinese retail

BYD withdraws Sealion 7 from Chinese retail

BYD has withdrawn the Sealion 7 from Chinese retail and has redirected production to international shipping hubs, prioritising exports after weak domestic demand for the pure-electric variant and to align battery-platform utilisation with global markets.

EVManufacturingSales
CarNewsChina.com3 weeks ago
BYD withdraws Sealion 7 from Chinese retail
BYD June sales rise 5.2% as Denza exceeds 20,000 units

BYD June sales rise 5.2% as Denza exceeds 20,000 units

BYD reported June 2026 sales of 403,472 vehicles, up 5.2% year on year. Pure-electric and plug-in hybrid models contributed almost equally, while overseas passenger-vehicle and pickup exports rose 95% to 174,897 units. Denza sales exceeded 20,000 units for the first time.

CarEVSales
CarNewsChina.com3 weeks ago
BYD June sales rise 5.2% as Denza exceeds 20,000 units
Tesla and BYD set Australian EV sales records in June

Tesla and BYD set Australian EV sales records in June

Tesla and BYD reported record Australian EV sales in June, with BYD exceeding 10,000 vehicles and Tesla more than 8,600. The figures suggest EVs may have reached around 30% of monthly Australian car sales, pending full industry data.

EVSales
The Driven IO4 weeks ago
Tesla and BYD set Australian EV sales records in June
Ford reports 10.3% drop in second-quarter US vehicle sales

Ford reports 10.3% drop in second-quarter US vehicle sales

Ford’s US vehicle sales fell 10.3% year on year in the second quarter to 549,200, including a 40.7% decline in pure EV sales and an 11% fall in F-Series truck sales. Ford attributed the truck decline to production timing after aluminium supply shortages.

EVSales
CNBC4 weeks ago
Ford reports 10.3% drop in second-quarter US vehicle sales
Tesla records 8,670 EV sales in Australia in June

Tesla records 8,670 EV sales in Australia in June

Tesla recorded a record 8,670 sales in Australia in June, including 8,072 Model Ys. The figures helped drive electric vehicles to an expected record share of new-car sales, with Tesla’s first-half sales up 66% year on year.

EVSales
The Driven IO4 weeks ago
Tesla records 8,670 EV sales in Australia in June
Australia’s 2026 electric-vehicle sales by model and brand

Australia’s 2026 electric-vehicle sales by model and brand

The Driven tracks monthly 2026 battery-electric vehicle sales in Australia by model, brand and automotive group, using FCAI, Electric Vehicle Council and company data. Tesla leads year-to-date sales, followed by BYD and Kia.

EVSales
The Driven IO4 weeks ago
Australia’s 2026 electric-vehicle sales by model and brand
BYD and Xiaomi vehicle deliveries boost investor sentiment

BYD and Xiaomi vehicle deliveries boost investor sentiment

BYD reported June sales of 403,472 vehicles, while Xiaomi recorded more than 30,000 deliveries for the third consecutive month. The figures lifted investor sentiment towards Chinese electric-vehicle makers.

EVSales
CNBC4 weeks ago
BYD and Xiaomi vehicle deliveries boost investor sentiment
GM reports 4.2% fall in second-quarter US vehicle sales

GM reports 4.2% fall in second-quarter US vehicle sales

General Motors reported a 4.2% year-on-year decline in second-quarter US vehicle sales to 714,896 units, with electric-vehicle and Chevrolet Silverado demand falling. First-half sales decreased 6.8%.

EarningsSales
CNBC4 weeks ago
GM reports 4.2% fall in second-quarter US vehicle sales
Mercedes-Benz's China EV strategy under pressure

Mercedes-Benz's China EV strategy under pressure

Weak electric CLA sales in China have been reported; Mercedes-Benz has implemented layoffs and has been preparing to launch the MB.EA-based electric GLC amid a market-wide downturn and intensifying domestic competition.

CarEVSales
CarNewsChina.com4 weeks ago
Mercedes-Benz's China EV strategy under pressure
Porsche to close nearly half its Chinese dealerships amid steep losses

Porsche to close nearly half its Chinese dealerships amid steep losses

Porsche plans to reduce its mainland China dealer network from about 150 outlets to 80 as losses, falling deliveries and weak retail margins intensify. The company also reported a 92.7% decline in annual operating profit and a 26% drop in Chinese sales.

CarEarningsSales
CarNewsChina.com4 weeks ago
Porsche to close nearly half its Chinese dealerships amid steep losses
Demographic and affordability trends point to a smaller US car market by 2040

Demographic and affordability trends point to a smaller US car market by 2040

Bain analysis suggests US vehicle sales could fall by more than two million units by 2040 as population growth slows, younger people delay driving and high prices reduce affordability. Longer vehicle lifespans could further limit demand, intensifying competition among automakers.

CarSales
CNBC4 weeks ago
Demographic and affordability trends point to a smaller US car market by 2040
Toyota narrows gap with GM in US sales

Toyota narrows gap with GM in US sales

Cox Automotive has forecast that Toyota has narrowed its US sales gap with General Motors through the first half, as hybrid demand has strengthened while electric-vehicle sales have fallen and GM's volumes have declined.

CarSales
CNBC5 weeks ago
Toyota narrows gap with GM in US sales
Leaked Volkswagen dealer plan targets BYD Da Tang amid delivery backlog

Leaked Volkswagen dealer plan targets BYD Da Tang amid delivery backlog

A leaked regional Volkswagen dealer presentation outlines tactics for countering BYD Da Tang sales, as the electric crossover reportedly faces delivery waits exceeding six months. The materials also cite battery-production capacity as a constraint on BYD’s planned output.

CarEVSales
CarNewsChina.com5 weeks ago
Leaked Volkswagen dealer plan targets BYD Da Tang amid delivery backlog
Leapmotor reaches 1.5 million global deliveries and targets 1 million in 2026

Leapmotor reaches 1.5 million global deliveries and targets 1 million in 2026

Stellantis-backed Leapmotor has delivered 1.5 million vehicles globally and recorded 81,569 deliveries in May 2026. It targets one million sales this year while expanding European and Southeast Asian manufacturing, including CKD assembly at Stellantis’ Spanish plant.

EVManufacturingSales
CarNewsChina.com6 weeks ago
Leapmotor reaches 1.5 million global deliveries and targets 1 million in 2026
US used-vehicle prices rise as May sales slow

US used-vehicle prices rise as May sales slow

US used-vehicle listing prices rose 6% year on year to $26,918 in May, while retail sales fell 3.9% and inventory increased. Affordable stock remained scarce, with sub-$15,000 vehicles showing 33 days’ supply.

CarSales
Automotive Fleet6 weeks ago
US used-vehicle prices rise as May sales slow
Dutch light-commercial market expected to recover in 2026

Dutch light-commercial market expected to recover in 2026

The Dutch light-commercial vehicle market is forecast to recover from its 2025 low, with registrations expected to reach 35,000–40,000 in 2026. Electric and hybrid vans are gaining share, while Ford has become the market leader.

ACCREDISEVLCVsSales
Accredis6 weeks ago
Dutch light-commercial market expected to recover in 2026
Zeekr 7X reaches 5,000 deliveries in Australia

Zeekr 7X reaches 5,000 deliveries in Australia

Zeekr says its 7X electric SUV has reached 5,000 deliveries in Australia since launching late last year, including nearly 2,000 deliveries in April and May. The company expects demand and its Australian retail footprint to grow further.

EVSales
The Driven7 weeks ago
Zeekr 7X reaches 5,000 deliveries in Australia
US car shortages continue to drive new and used vehicle prices higher

US car shortages continue to drive new and used vehicle prices higher

Pandemic-era production shortfalls continue to constrain the US new and used-car markets. Analysts say reduced supply, fewer leases and lower incentives are keeping prices high, while demand for older vehicles rises as fewer households can afford new cars.

CarSales
CNBC7 weeks ago
US car shortages continue to drive new and used vehicle prices higher
Zeekr 8X leads premium hybrid SUV segment with 6,103 May sales

Zeekr 8X leads premium hybrid SUV segment with 6,103 May sales

Zeekr says its 8X sold 6,103 units in China in May 2026, taking the lead in the high-end hybrid SUV segment. The model launched in April, with the H9 variant due in July and global-market rollout planned from the third quarter.

CarEVSales
CarNewsChina.com7 weeks ago
Zeekr 8X leads premium hybrid SUV segment with 6,103 May sales
Electric vehicles reach 62.9% of China’s car market in May 2026

Electric vehicles reach 62.9% of China’s car market in May 2026

Electric vehicles accounted for 62.9% of China’s passenger-car retail sales in May 2026, as ICE sales declined sharply. CPCA data also showed electric-vehicle joint-venture sales rising 51% year on year and new-energy vehicle exports reaching a record share.

EVSales
CarNewsChina.com7 weeks ago
Electric vehicles reach 62.9% of China’s car market in May 2026
EVs gain ground in Australia’s used-car market as BYD signs auction deal

EVs gain ground in Australia’s used-car market as BYD signs auction deal

Australian used-car sales rose by more than 17,700 vehicles in May, with hybrids accounting for 10% of cars up to five years old and EVs and plug-in hybrids 6%. BYD Australia also agreed a three-year deal with Pickles to auction its second-hand fleet vehicles.

EVJVsSales
The Driven7 weeks ago
EVs gain ground in Australia’s used-car market as BYD signs auction deal
Zeekr 9X leads China’s high-end SUV segment for seven months

Zeekr 9X leads China’s high-end SUV segment for seven months

Zeekr says its plug-in hybrid 9X has led China’s high-end SUV segment for seven consecutive months, with 61,965 cumulative deliveries. The model is due to enter Middle Eastern markets in June 2026, Central Asia in the third quarter and Europe in the fourth quarter.

CarEVSales
CarNewsChina.com7 weeks ago
Zeekr 9X leads China’s high-end SUV segment for seven months
Pure-electric models dominate China’s May best-seller rankings

Pure-electric models dominate China’s May best-seller rankings

Pure-electric vehicles occupied all of China’s top five best-selling model positions in May, while no internal-combustion model entered the top 10. Geely’s Geome Xingyuan led Tesla’s Model Y, with strong rebounds for the Tesla Model 3 and Aito M6.

CarEVSales
CarNewsChina.com7 weeks ago
Pure-electric models dominate China’s May best-seller rankings
Scania to supply 91 electric buses to VR Sweden

Scania to supply 91 electric buses to VR Sweden

Scania has agreed to supply 91 Fencer F1 battery electric buses to VR Sweden for Södertälje and Nykvarn services, which have been specified with 445 kWh batteries and 73-minute 5-95% charging times; the deal has included long-term service support.

Bus & CoachEVSales
The Driven7 weeks ago
Scania to supply 91 electric buses to VR Sweden
Xpeng GX records 1,000 overseas blind orders as Middle East pre-sales open

Xpeng GX records 1,000 overseas blind orders as Middle East pre-sales open

Xpeng says its GX full-size SUV has secured more than 1,000 overseas blind orders, with the Middle East selected for its first international display and pre-sales campaign. The model is offered in range-extender and battery-electric versions.

CarEVSales
CarNewsChina.com7 weeks ago
Xpeng GX records 1,000 overseas blind orders as Middle East pre-sales open
US fleet sales rise 3.1% year to date despite May commercial dip

US fleet sales rise 3.1% year to date despite May commercial dip

US fleet sales reached 218,132 vehicles in May 2026, up 0.8% year on year. Commercial fleet sales fell 1.7% for the month but remained 7% higher year to date, while total fleet sales rose 3.1% in the first five months.

FleetSales
Automotive Fleet8 weeks ago
US fleet sales rise 3.1% year to date despite May commercial dip
Tesla’s China-made EV sales rise 39.4% as market recovery begins

Tesla’s China-made EV sales rise 39.4% as market recovery begins

Tesla delivered 85,982 China-made electric vehicles in May, up 39.4% year on year, as China’s passenger EV market grew 12% to 1.36 million units. The figures suggest an initial recovery, according to the China Passenger Car Association.

EVSales
CNBC8 weeks ago
Tesla’s China-made EV sales rise 39.4% as market recovery begins
Xpeng P7+ deliveries begin in France

Xpeng P7+ deliveries begin in France

Xpeng has begun P7+ deliveries in France, pricing the model from €45,990; the car has been assembled at Magna Steyr’s Graz plant and has been offered in three trims. The company has reported a record sales month in May.

CarEVSales
CarNewsChina.com8 weeks ago
Xpeng P7+ deliveries begin in France
Prime Inc. to invest $7.9m in flagship used-truck dealership

Prime Inc. to invest $7.9m in flagship used-truck dealership

Prime Inc. is investing $7.9m in a purpose-built Springfield flagship dealership for its used commercial trucks and trailers, replacing Pedigree’s existing operation. The driver-focused site will provide 107 display spaces and support the company’s nationwide used-vehicle sales network.

HCVsNew projectsSalesTrailerTruck
Heavy Duty Trucking8 weeks ago
Prime Inc. to invest $7.9m in flagship used-truck dealership
BYD reports flat May sales as overseas exports rise 80.7%

BYD reports flat May sales as overseas exports rise 80.7%

BYD sold 376,990 passenger vehicles in May 2026, with year-on-year sales broadly flat. Overseas exports of passenger vehicles and pickup trucks rose 80.7% to 160,177 units, while Fang Cheng Bao exceeded 30,000 sales.

CarSales
CarNewsChina.com8 weeks ago
BYD reports flat May sales as overseas exports rise 80.7%
EV registrations surge across Europe in May as market share rises

EV registrations surge across Europe in May as market share rises

Battery-electric vehicle registrations and market share increased across most European markets in May 2026, with Norway, Denmark, Sweden, Finland, France, the Netherlands, Belgium, Spain and Italy reporting strong gains. Portugal was a notable exception.

EVSales
The Driven8 weeks ago
EV registrations surge across Europe in May as market share rises
Norway EV market 97.8 per cent in May; Tesla leads sales

Norway EV market 97.8 per cent in May; Tesla leads sales

Norway has recorded an EV share of 97.8 per cent in May and has maintained a 98 per cent share year-to-date; Tesla has led brand sales, with the Model Y having been the top-selling model.

CarEVSales
The Driven8 weeks ago
Norway EV market 97.8 per cent in May; Tesla leads sales
Australian EV Sales by Model and Brand - 2026

Australian EV Sales by Model and Brand - 2026

The dataset has compiled monthly 2026 battery-electric vehicle sales in Australia by model and brand from FCAI, EVC and company reports, and has noted gaps where manufacturers have not provided model-level breakdowns while aggregating totals by brand and group.

CarEVSales
The Driven8 weeks ago
Australian EV Sales by Model and Brand - 2026
Tesla records Australia’s strongest-ever monthly sales in May

Tesla records Australia’s strongest-ever monthly sales in May

Tesla recorded a monthly sales record of 6,443 vehicles in Australia in May, while combined Tesla and Polestar EV sales also reached an all-time high as demand for electric vehicles continued to grow.

EVSales
The Driven8 weeks ago
Tesla records Australia’s strongest-ever monthly sales in May
China NEV Sales: May 2026 Results

China NEV Sales: May 2026 Results

China’s New Energy Vehicle manufacturers have reported May 2026 deliveries, with BYD retaining market leadership and Leapmotor and Zeekr having recorded monthly delivery highs; several established brands have shown mixed year-on-year performance.

CarEVSales
CarNewsChina.com8 weeks ago
China NEV Sales: May 2026 Results
Denza Z9 GT reaches 10,000 deliveries in 2.5 months

Denza Z9 GT reaches 10,000 deliveries in 2.5 months

Denza has achieved over 10,000 Z9 GT deliveries within 2.5 months and has launched the model in China and Europe; the vehicle has featured BYD's second-generation Blade Battery and flash-charging technology.

BatteriesCarEVSales
CarNewsChina.com9 weeks ago
Denza Z9 GT reaches 10,000 deliveries in 2.5 months
Xiaomi reports $5,600 loss per EV in Q1 2026

Xiaomi reports $5,600 loss per EV in Q1 2026

Xiaomi has reported Q1 2026 smart EV revenue of 19.9bn yuan and an operating loss of 3.1bn yuan, with 80,856 vehicles delivered and an implied loss of about US$5,600 per vehicle.

CarEarningsEVSales
CarNewsChina.com9 weeks ago
Xiaomi reports $5,600 loss per EV in Q1 2026
Stellantis targets 35% North America sales increase

Stellantis targets 35% North America sales increase

Stellantis has announced plans to increase North American sales by 35% by 2030 through expanded model ranges across Ram, Chrysler, Jeep and Dodge, a 50% model increase and a €60bn five-year turnaround plan targeting higher revenue and margins.

AnnouncementsSalesTruck
CNBC10 weeks ago
Stellantis targets 35% North America sales increase
EV trade-ins rise in the US despite incentives and affordability concerns

EV trade-ins rise in the US despite incentives and affordability concerns

Edmunds data shows the share of US buyers trading in petrol cars for new EVs rose from 67.1% in January to 72.1% in April. EV-to-EV trade-ins also increased, although analysts say sustained demand remains uncertain.

EVSales
CNBC10 weeks ago
EV trade-ins rise in the US despite incentives and affordability concerns

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