Tag: automotive industry insights
Slow economic growth and high interest rates dampen U.S. Q3 auto...
In the third quarter, Q3, of 2023, the Cox Automotive Dealer Confidence Index (CADSI) revealed that dealer confidence in the U.S. remained largely stable...
How minority dealers create unique opportunities for OEMs and buyers
The number of franchised minority dealers increased by more than 100 for the second consecutive year in 2022, bringing the national total to 1,476...
Dealers to get pre-approvals, instant transfers for electric vehicle tax credits
The U.S. Treasury Department has announced upcoming revisions to its electric vehicle tax credit guidelines that will add new ways for dealers to collect...
United Auto Workers makes progress in Ford, GM, Stellantis talks
The United Auto Workers (UAW) union has submitted a counterproposal to Ford after rejecting the automaker's initial offer over the Labor Day weekend.
The proposal...
Lordstown Motors moves to exclude Foxconn from bankruptcy payout
Electric vehicle brand Lordstown Motors is seeking to preempt former business partner and Taiwanese tech manufacturer Foxconn from earning profits through the sale of...
Cities with the most and least expensive used cars for sale...
Used car shoppers willing to look beyond their local market could save substantial money on their next purchase, depending on where they live and...
Honda announces deal to adopt Tesla’s NACS connector for its EVs
Honda confirmed that it would use the Tesla-designed NACS connector in its electric vehicles in North America.
Last year, Tesla launched its exclusive connection in...
Car market update: customer pain points and inventory instability — Jessica...
Dealers across the U.S. are doing their best to keep up as the new car market heads in unpredictable directions. But with both external...
Ford sales rise 2% on electric vehicle sales, Mach-E breaks record
Ford sales rose 2% from in August thanks to a strong electric vehicle lineup, which helped counteract stagnating demand for new cars.
The automaker sold...
General Motors manufacturing chief shares concerns over UAW demands
In a video statement published August 5, General Motors global manufacturing chief Gerald Johnson expressed concerns over the United Auto Workers (UAW) union's demands...
