Tag: auto industry news
Are Honda and Volkswagen betting against the franchise model? — John...
Dealers have grown increasingly worried that automakers such as Volkswagen and Honda will choose to sell their upcoming electric vehicles through a direct-sales system rather than...
Ford establishes Long Beach Headquarters for affordable EV development
Ford has officially chosen Long Beach as the headquarters for developing its next-generation electric vehicle (EV) platform. This new facility will house Ford's "Skunkworks"...
Volvo delays launch of EX30 in the U.S. to 2025 amid...
Volvo has announced a delay in the launch of its smallest and most affordable electric vehicle (EV), the EX30, in the U.S. Initially expected...
How car dealerships are strengthening their sales teams in a competitive...
With ever-evolving consumer preferences and an increasingly competitive market, savvy dealerships have put a focus on strengthening their sales teams to drive growth and...
Braving the electric storm: Preparing for a potential drop in EV...
If you noticed, some troubling but unsurprising news for the electric vehicle market e emerged from Europe on Tuesday. First, Porsche Taycan prices collapsed,...
Hyundai Motor America expands Amazon retail program for more dealers
Hyundai Motor America is encouraging more dealers to join its Amazon retail program in preparation for a consumer launch later this year. The automaker's...
Tom Maoli reveals insight into market trends, political implications, and business...
According to Edmunds, BMW led U.S. luxury sales in the first quarter. As elections quickly approach, what implications will they have for the high-end...
May new-vehicle sales surge, reducing days’ supply amid inventory fluctuations
The end of May saw a significant surge in new vehicle sales, a trend largely attributed to the Memorial Day holiday, a pivotal sales...
Federal Reserve holds interest rates steady, impacting auto loans and dealer...
Dealers and consumers will have to wait for relief from higher interest rates as Federal Reserve leaders opted to leave the Fed benchmark rate...
Majority of U.S. drivers support speed limit warnings, IIHS survey finds
A recent survey by the Insurance Institute for Highway Safety (IIHS) revealed that more than 60% of U.S. drivers would find it acceptable if...