According to a report from Edmunds, 62% of American car buyers will be holding off on purchasing a new vehicle due to elevated interest rates. Will the Federal Reserve's 50-basis-point rate cut kickstart any reaction from auto customers? Yahoo Finance senior autos reporter Pras Subramanian highlights the data indicating how consumers and automakers are feeling about the future rate cuts to come. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
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Tesla vehicle insurance registrations last week in China declined sequentially, but the company is still trending towards its best ever quarterly deliveries total in the world's largest EV market with just two weeks left in Q3. Tesla insurance registrations in China totaled 15,600 for the week of Sept. 9-15, down around 4% from 16,200 the previous week, according to data reported by CnEVPost Thursday. With two weeks left in the third quarter, Tesla registrations in China, a rough gauge for deliveries, are up 26% compared to last quarter and have increased more than 20% vs. a year ago.