Tag: automotive industry insights
Tesla now offers a 7-year financing term for all vehicle models
Tesla is producing vehicles at an all-time rate. The EV manufacturer is starting to cling to its inventory despite its excellent delivery rates. Considering the Model 3 and Y, Tesla...
FADA Pres. Ted Smith on direct-to-consumer sales ban, Ford’s Model e...
In June, Florida Governor Ron Desantis signed a bill banning direct-to-consumer sales (excluding Tesla) to protect franchise dealers in the state, which went into...
AutoNation beats forecast, maintains revenue in Q2 despite sluggish sales
AutoNation strengthened its position over the second quarter, beating analyst revenue forecasts thanks to higher earnings from after-sales services and increasing demand for new...
CNBC report: BMW uses AI to expedite vehicle assembly
The automotive business has been significantly impacted by artificial intelligence. According to Future Market Insights, sales of driverless vehicles are expected to reach $70...
Hagerty CEO says ‘Barbie’ is fueling a significant uptick in vintage...
According to an Auto Trader report, the number of people interested in buying a “Chevy Convertible Corvette” has increased by 120% since the release...
Female car buyers: Why dealers shouldn’t underestimate women — Lena Bourgeois...
Women make up one of the largest car buyer demographics in the U.S., but many dealers are still relying on outdated practices or old-school...
Car owner satisfaction declines for second year in J.D. Power study
Car owner satisfaction declined for the second year in a row, according to the J.D. Power Automotive Performance, Execution and Layout (APEAL) Study.
It is...
UAW chief Fain meets privately with President Biden amidst contract fight
President Biden met privately with Shawn Fain, leader of the United Auto Workers (UAW) union, on July 19 as the automotive industry prepares for...
Tesla sees stagnating profits in Q2 even as electric vehicle revenues...
Tesla once again beat earnings forecasts in the second quarter but struggled to sustain profitability on its increasingly discounted electric vehicle lineup.
The electric vehicle...
General Motors appoints Norm de Greve as new CMO and senior...
On July 18, Norm de Greve was appointed senior vice president and chief marketing officer at General Motors.
De Greve joins GM after serving as...
