Tag: automotive industry trends
Range Rover shares select details on upcoming electric model
Jaguar Land Rover shared details and first images of the upcoming Range Rover Electric ahead of its scheduled release next year alongside a new...
Dealer association presidents react to Hyundai-Amazon partnership and Biden EV push
The last year has been one of the busiest for dealer associations as the industry grapples with a host of unprecedented events, some of...
What is location intelligence and how can it help car dealerships?
Welcome back to the latest episode of The Future of Automotive, with Steve Greenfield, Founder and CEO of Automotive Ventures, where we put recent automotive and mobility...
Weekly roundup: New car prices fall, hybrid demand rises, Asbury acquisition,...
Earlier this week: New car prices saw a decline in November, with Tesla being the most affected. Hybrid vehicles are gaining momentum as manufacturers...
Cruise fires 9 leaders, lays off 900 employees amidst safety probes
This week, Robotaxi service and General Motors subsidiary Cruise let go of nine leading team members and revealed it would lay off an additional...
Number of new car dealers selling electric vehicles triples from 2020
More than half of all car dealers are selling electric vehicles in 2023, according to automotive data platform iSeeCars.
Since the onset of the COVID...
New car prices drop in November as incentives rise, Tesla hit...
New car prices trended lower in November as the economy continued its post-pandemic balancing act, benefiting consumers but challenging dealer and automaker earnings.
According to...
FTC and NADA clash over no-junk-fees CARS policy
The Federal Trade Commission (FTC) has voted to implement a new rule banning anti-consumer tactics and unwarranted fees in car sales, prompting a swift...
Asbury completes $1.2 billion acquisition of Jim Koons dealership group
Asbury Automotive Group has now fully acquired Jim Koons Automotive Companies, one of the largest privately-owned dealership groups in the U.S., for $1.2 billion.
The...
Ford cuts F-150 Lightning production on slowing EV demand
Ford plans to cut production of the F-150 Lightning electric pickup in response to lower-than-anticipated EV demand in the U.S.
The Detroit automaker said it...
