Tag: automotive industry insights
UAW president Fain denounces Stellantis proposal amidst negotiations
Shawn Fain, president of United Auto Workers (UAW), denounced an agreement offered by Stellantis amidst ongoing contract negotiations between Detroit automakers and union representatives.
In...
New car prices see slight increase in July as inventory recovers
New car prices rose only 0.4% year-over-year in July, the smallest annual increase in a decade.
According to Cox Automotive, average transaction prices reached $48,334...
Honda’s most recent quarter saw record profits and robust sales
In the most recent quarter, Honda's operating profit increased by 78% as improved semiconductor supply fueled North American production and increased sales for the...
Rivian reveals smaller than expected quarterly loss, updates its 2023 EV...
On August 8, the EV maker Rivian revealed a second-quarter loss that was narrower than expected and raised its EV production guidance for the...
Insights from the new 2023 edition of Google’s Dealer Guidebook with...
Are you using Google the right way? We know there has been a lot of transformation and competition in retail automotive, but nearly all...
Why relationships are crucial to fixed operations growth — MC Watson...
Driving more consumers into the service bay is important for car dealers looking to grow their business, especially considering that fixed operations revenue typically...
Lucid reaffirms production target despite underwhelming earnings
Lucid has confirmed it is on track to meet its annual production target of 10,000 electric vehicles, despite scoring lower-than-expected revenue in the second...
Chrysler recalls roughly 45,000 vehicles due to interior interference with airbags
Officials claimed Chrysler is recalling almost 45,000 vehicles because the upper B-pillar inside trim may not be seated entirely, which could prevent airbag deployment.
According...
General Motors expands V2H-capable electric vehicle lineup
General Motors plans to offer bidirectional charging technology, also known as vehicle-to-home (V2H) charging, on a wider list of upcoming electric vehicles than previously expected,...
In an updated guidance, Tesla is now eligible for $4,000 used...
A significant feature of the Inflation Reduction Act is the tax credit for used electric vehicles. The credit, which has a maximum value of...