Tag: automotive industry trends
How dealers are leading the charge on electrification — Mike Stanton...
The National Automobile Dealers Association (NADA) has long been a pillar of support and guidance for auto dealers across the country. As the industry...
New vehicle inventory shrinks in early March as sales rise and...
Resilient consumer demand in February spurred new vehicle sales forward but dragged inventory levels down from January's above-average supply.
The pace of sales intensified last...
Hyundai to build more electric commercial vehicles with Iveco Group
Hyundai has signed a letter of intent with Iveco Group, a commercial vehicle brand, signaling its commitment to accelerate innovation in the heavy-duty truck...
Automotive weekly roundup: Falling new vehicle prices, rising negative equity, Chevy...
Earlier this week: New car prices took another dip, nudging closer to their pre-pandemic norms, especially for electric vehicles, which saw the sharpest declines....
Dealer optimism sees spring boost but remains cloudy on profit concerns
Dealers are showing more optimism toward the market but remain cautious on the whole as normalizing car prices continue to sap profits.
According to Cox...
Service department satisfaction held back by long wait times, EV issues
Customer satisfaction with the dealership service experience improved slightly in 2024 but was held back from a stronger increase due to frustrations with the...
Arm looks to accelerate self-driving car development with new computer chip
Software company Arm has unveiled a new computer chip design tailored for self-driving cars that it says will help the automotive industry accelerate the...
Fisker in talks with bankruptcy advisers as search for funds continues
Electric vehicle startup Fisker has allegedly hired bankruptcy consultants shortly after warning investors that it may not have enough cash to last the year.
The...
Japan’s UBE to build first U.S. factory for crucial EV battery...
The first facility in the U.S. for producing dimethyl carbonate (DMC) and ethyl methyl carbonate (EMC), two materials essential to electric vehicle (EV) battery...
Balancing growth to maximize dealership competitiveness — Jeff Dyke | Sonic...
In 2023 Sonic Automotive, one of the nation’s largest automotive retailers, saw an all-time record annual revenue of $14.4 billion despite some challenges, like...
