Tag: automotive industry insights
How Urban Science boosts EV sales through targeted test-drive incentives
Today, we welcome back Urban Science. In previous discussions, they highlighted the importance of defection data through their solutions, TrafficView and SalesAlert. However, today,...
GM recalls 461,839 vehicles over transmission issues
General Motors (GM) is recalling 461,839 vehicles due to a transmission defect that could cause the rear wheels to lock up, increasing the risk...
VW and Rivian forge $5.8 billion partnership to accelerate digital tech...
Volkswagen (VW) has made a bold move to secure its future in the digital-first electric vehicle (EV) race, announcing a new $5.8 billion investment...
KBB reports modest ATP increase for new vehicles in October
Despite the challenges, automakers are demonstrating resilience by working overtime to clear bloated inventory levels and finish out 2024 strong. According to Kelley Blue...
NHTSA investigates Honda engines amid recall concerns
On Monday, the National Highway Traffic Safety Administration (NHTSA) confirmed it was launching an investigation into 1.4 million Honda and Acura vehicles after receiving...
Used vehicle market stabilizes amid fluctuating inventory and hybrid price dynamics
The U.S. used vehicle market is showing signs of stabilization, largely due to increased inventory of newer model years, which has helped offset previous...
UAW, GM reach agreement to prevent strike at Fort Wayne assembly...
The United Auto Workers (UAW) Local 2209 at General Motors's assembly plant in Fort Wayne, Indiana, has successfully reached an agreement with the automaker,...
Auto credit availability improved across all channels in October
The Dealertrack Credit Availability Index showed a rise in auto credit availability across all channels and lender types in October. The All-Loans Index reached...
Stellantis threatened with a nationwide walkout after slashing 400 jobs
On November 8th, Stellantis cut an additional 400 jobs at its Detroit parts facility in a desperate scramble to reduce operating costs to offset...
BYD is on a record run to challenge Ford’s annual sales...
BYD continues to gobble up market share in China, overtaking foreign brands, and Ford is next on the hit list. The automaker is poised...
