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Automotive

New Vehicle Sales in US Rise for Sixth Month but UAW Strike Casts Shadow on October Outlook
Sep 28, 2023 Ξ Comments Off on New Vehicle Sales in US Rise for Sixth Month but UAW Strike Casts Shadow on October Outlook

New Vehicle Sales in US Rise for Sixth Month but UAW Strike Casts Shadow on October Outlook

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In a continuing trend, the United States is experiencing a surge in new vehicle sales, marking the sixth consecutive month of growth. This optimistic projection is rooted in robust demand,  Full Article »

Automotive

Used Cars Cost 33% More Than They Did in 2019
Sep 22, 2023 Ξ Comments Off on Used Cars Cost 33% More Than They Did in 2019

Used Cars Cost 33% More Than They Did in 2019

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The world of automotive enthusiasts and everyday commuters alike has been experiencing some significant changes in recent years. While the allure of brand-new cars remains strong, the reality for many  Full Article »

Automotive

Report: Increased Vehicle Supply and Strong Demand to Cause U.S. Auto Sales Increase in August
Aug 24, 2023 Ξ Comments Off on Report: Increased Vehicle Supply and Strong Demand to Cause U.S. Auto Sales Increase in August

Report: Increased Vehicle Supply and Strong Demand to Cause U.S. Auto Sales Increase in August

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In August, the United States is gearing up for a notable surge in new vehicle sales, as detailed in a recent report by industry experts. The driving forces behind this  Full Article »

Automotive

Study: Leasing an EV is the Least Expensive Way to Get a New Car
Aug 23, 2023 Ξ Comments Off on Study: Leasing an EV is the Least Expensive Way to Get a New Car

Study: Leasing an EV is the Least Expensive Way to Get a New Car

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According to a recent study conducted by Energy Innovation, a nonpartisan energy and environmental policy firm, leasing an electric vehicle (EV) stands out as the most cost-effective approach to acquiring  Full Article »

Automotive

Industry Experts: Stockpile of Electric Vehicles on Dealer Lots is Not Decreased Demand but Growing Pains
Aug 10, 2023 Ξ Comments Off on Industry Experts: Stockpile of Electric Vehicles on Dealer Lots is Not Decreased Demand but Growing Pains

Industry Experts: Stockpile of Electric Vehicles on Dealer Lots is Not Decreased Demand but Growing Pains

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The seemingly excessive number of electric vehicles (EVs) on dealership lots isn’t indicative of dwindling demand; instead, it’s a result of the EV market’s rapid growth causing temporary imbalances, as  Full Article »

Automotive

Honda Sees 78% Rise in Q1 Profit Boosted by U.S. Sales
Aug 9, 2023 Ξ Comments Off on Honda Sees 78% Rise in Q1 Profit Boosted by U.S. Sales

Honda Sees 78% Rise in Q1 Profit Boosted by U.S. Sales

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Honda has recently unveiled its impressive financial results for the first quarter of the year. The company experienced a remarkable surge in quarterly profit, boasting a substantial 78% increase. This  Full Article »

Automotive

Subaru Targeting 600,000 EVs Per Year by 2030 Making Up Half of Overall Sales
Aug 2, 2023 Ξ Comments Off on Subaru Targeting 600,000 EVs Per Year by 2030 Making Up Half of Overall Sales

Subaru Targeting 600,000 EVs Per Year by 2030 Making Up Half of Overall Sales

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Subaru has set ambitious goals for the future of its electric vehicle (EV) offerings. By 2030, the company aims to achieve annual sales of 600,000 battery electric vehicles, which would  Full Article »

Automotive

Toyota Sales Surge Nearly Doubling Q1 Profit, EV Investment Challenges Remain
Aug 1, 2023 Ξ Comments Off on Toyota Sales Surge Nearly Doubling Q1 Profit, EV Investment Challenges Remain

Toyota Sales Surge Nearly Doubling Q1 Profit, EV Investment Challenges Remain

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Toyota, the world’s largest automaker, has reported an impressive performance in the first quarter, nearly doubling its operating profit. This growth was attributed to increased sales and productivity, as well  Full Article »

Automotive

Many New Electric Vehicles Selling for Thousands Under MSRP
Jul 31, 2023 Ξ Comments Off on Many New Electric Vehicles Selling for Thousands Under MSRP

Many New Electric Vehicles Selling for Thousands Under MSRP

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Amidst the conclusion of the global semiconductor shortage and the rise in interest rates, the demand for new cars is experiencing a decline, prompting dealers to adopt new strategies. A  Full Article »

Automotive

Lamborghini Posts Record Sales, Could hit 10,000 Units This Year
Jul 31, 2023 Ξ Comments Off on Lamborghini Posts Record Sales, Could hit 10,000 Units This Year

Lamborghini Posts Record Sales, Could hit 10,000 Units This Year

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Luxury sports car manufacturer Lamborghini has been thriving with a record-breaking performance in sales during the first half of the year. In the period from January to June 2023, the  Full Article »

Automotive

General Motors Net Income Rises by 52%, Has New Focus to Cut Operating Costs Further
Jul 25, 2023 Ξ Comments Off on General Motors Net Income Rises by 52%, Has New Focus to Cut Operating Costs Further

General Motors Net Income Rises by 52%, Has New Focus to Cut Operating Costs Further

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On Tuesday, General Motors (GM) announced a positive change in its full-year profit forecast, largely due to its strategic plans to reduce investments in new products and implement cost-cutting measures.  Full Article »

Automotive

It’s the ‘Least Affordable Car Market in Modern History’ With Just 8% of New Vehicles Costing under $30,000
Jul 17, 2023 Ξ Comments Off on It’s the ‘Least Affordable Car Market in Modern History’ With Just 8% of New Vehicles Costing under $30,000

It’s the ‘Least Affordable Car Market in Modern History’ With Just 8% of New Vehicles Costing under $30,000

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The current state of the car market can be described as the “least affordable car market in modern history,” as stated by CoPilot’s CEO Pat Ryan. Recent reports indicate that  Full Article »

Automotive

Ford Mustang Mach-E Inventory Piling Up on Dealer Lots Reveals EVs Outpacing Demand
Jul 12, 2023 Ξ Comments Off on Ford Mustang Mach-E Inventory Piling Up on Dealer Lots Reveals EVs Outpacing Demand

Ford Mustang Mach-E Inventory Piling Up on Dealer Lots Reveals EVs Outpacing Demand

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Ford’s electric vehicle (EV) ambitions are surpassing the current demand, as indicated by the company’s sales numbers, EV supply, and dealer sentiment. Ford seems to be facing a challenge of  Full Article »

Automotive

Top 10 Best-Selling Electric Vehicles in the First Half of 2023
Jul 12, 2023 Ξ Comments Off on Top 10 Best-Selling Electric Vehicles in the First Half of 2023

Top 10 Best-Selling Electric Vehicles in the First Half of 2023

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Carvana, a pioneer in the online used car marketplace, has recently released its list of the top ten best-selling electric vehicles (EVs) for the first half of 2023. The rankings  Full Article »

Automotive

U.S. EV Market Grows but Struggles with Unsold Inventory Outpacing Demand
Jul 11, 2023 Ξ Comments Off on U.S. EV Market Grows but Struggles with Unsold Inventory Outpacing Demand

U.S. EV Market Grows but Struggles with Unsold Inventory Outpacing Demand

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According to analysts and industry data, the electric vehicle (EV) market in the United States is experiencing growth, but at a slower pace than expected. This has resulted in a  Full Article »

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