Tag: automotive industry trends
Wholesale used-vehicle prices see slight increase in November
According to Cox Automotive, wholesale used-vehicle prices rose in November compared to October. The Manheim Used Vehicle Value Index (MUVVI) rose to 205.4, a...
Volkswagen faces escalating tensions as strikes loom over cost-cutting measures
Volkswagen's ongoing dispute reached a boiling point this week as CEO Oliver Blume and Chairwoman of General and Group Works Councils of VW Daniela...
Trump’s threat of expanded tariffs forces Mazda into an impossible situation
The U.S. market accounts for a third of Mazda's global sales, driving record-breaking performance for the automaker. Yet, the anticipated shift in political policies...
Retail auto M&A rises in Q3 amid lower profit margins
Retail auto mergers and acquisitions (M&A) are picking up steam in 2024, even as dealership profitability normalizes from pandemic-era highs. According to Haig Partners,...
GM and Ford brace for impact of Trump’s 25% import tariffs
President-elect Donald Trump's proposal to impose a 25% tariff on imports from Mexico and Canada has sparked concern across the U.S. automotive industry. The...
Newsom and Trump clash over EV policy, Tesla left in the...
California Governor Gavin Newsom is preparing for a showdown with President-elect Donald Trump over the future of the $7,500 federal electric vehicle (EV) subsidy....
Nissan slashes U.S. production by 17% amid slumping sales
Things aren't looking up for Nissan as they continue to slash U.S. production by 17% for the 2024 fiscal year. The automaker aims to...
Feds back AEB mandate despite pushback from automakers
The National Highway Traffic Safety Administration (NHTSA) has upheld its decision to require automatic emergency braking (AEB) technology in all new passenger vehicles by...
Hyundai’s largest EV, the Ioniq 9, hits the market
Hyundai Motor officially unveiled the latest addition to its Ioniq lineup, the 2026 Ioniq 9. This all-electric SUV is the automaker's largest electric vehicle...
Honda’s solid-state batteries will change the EV landscape
Honda is accelerating its electric vehicle (EV) development with the development of groundbreaking solid-state batteries. The automaker aims to revolutionize EV technology with next-generation...