China maintained its global leadership in automotive industry sales in January 2014. According to consulting firm JATO Dynamics, the country has had an impressive growth of 7.6% in the month compared to the same period of 2013, totaling over 2 million units sold in the first month of this year.
The Honda Insight will no longer produce because of low sales. The brand had already informed its dealer network in November the model was discontinued in February, advising them not to accept any more requests.
The Tesla is becoming a more attractive option than Toyota for some of the usual customers of the Japanese manufacturer. According to a study by IHS Automotive, approximately 15.5% of the buyers of the Model S had previously a Toyota model.