The Global Light Vehicle (LV) selling rate for September stood at 90 million annually, in line with August’s results, according to an analysis just released by the respected GlobalData consultancy.* Looked at year-over-year (YoY), market volumes are continuing to trend downwards as sales were down ~ 4% versus September 2023. Furthermore, YTD sales are now only up fractionally compared to the same period last year.
“In September, sales were down across most regions. Sales in China fell 5% YoY, as the economy faces headwinds and despite the ongoing scrappage incentive. In the US sales fell YoY for the month, with this September having fewer selling days. Finally, sales in Western Europe remained underwhelming, as a weak economy and high vehicle prices dragged on LV market activity,” said the Global Light Vehicle Sales Forecasting Team. Continue reading
Motorcycle Gang Members Charged with Violent Racketeering
An indictment was unsealed yesterday in the Eastern District of North Carolina charging 16 members of two outlaw motorcycle gangs – the Hells Angels Motorcycle Club (HAMC) and the Red Devils Motorcycle Club (RDMC) – for their alleged roles in a criminal enterprise engaging in violent criminal activity in and around Raleigh and Fayetteville, North Carolina. The RDMC is the main support club nationwide for the Hells Angels.
“According to the indictment, these defendants were leaders, organizers, and members of the Hell’s Angels Motorcycle Club and committed multiple crimes to advance their positions in this violent gang,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. Continue reading →