Tag: automotive trends
New vehicle affordability declines in November, but still better than 2023
According to the latest Cox Automotive/Moody's Analytics Vehicle Affordability Index data, new vehicle affordability declined slightly in November. Despite factors that should increase affordability,...
IIHS calls for lower speed limits in pedestrian heavy areas
The most recent Insurance Institute for Highway Safety (IIHS) study found that speed limits of 25 mph are too high in pedestrian-heavy areas. Additionally, the...
Miami joins Waymo’s growing network of autonomous ride-hailing cities
On Thursday, Alphabet's Waymo announced its plans to expand its autonomous ride-hailing services to Miami, Florida, marking another significant step in its mission to...
Jaguar unveils ‘Type 00’ concept with daring new look
On Monday, Jaguar revealed its latest concept car, the "Type 00," marking a bold step in its journey toward becoming an all-electric brand.
The...
Hyundai and Kia shatter November sales records with EV lineup gains
Hyundai and Kia achieved record-breaking U.S. sales in November, driven by strong demand for electric vehicles (EVs), hybrids, and crossovers. The automakers' continued focus...
BYD overtakes Ford as the sixth-largest automaker
BYD, the Chinese automaker, is quickly climbing the ranks and is on track to sell 4 million units this year. The company recently outsold...
Tesla tops November global market with $1.1 trillion growth
In a significant development, Tesla's market value surged in November, catapulting it to the forefront of the global market and putting it in direct...
Vehicle sales surge as consumer confidence hits new heights
According to new data from Cox Automotive, the U.S. auto market is closing 2024 on a strong note. November sales maintained a seasonally adjusted...
Trump’s energy agenda puts fossil fuels back at the center
President-elect Donald Trump is preparing a broad energy package to bolster U.S. oil and gas production while rolling back key climate-focused policies from the...
SUV market share hits record despite affordability crisis
SUVs continue to dominate the U.S. auto market, capturing 58% of all vehicle transactions between January and October 2024—a record high, according to Edmunds....
