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Toyota sold 36.4% electrified cars in March 2024 and 206,850 in Q1, with notable gains in RAV4, bZ4X, and Lexus models.

Toyota reports record sales for Q1 2024, with 36.4% accounting for...

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In March of 2024, Toyota Motor North America (TMNA) sold 214,894 cars in the United States. This represents a 21.8% increase in both volume...
Ford reported a strong Q1 sales performance, increasing its market share due to its diverse range of gas, hybrid, and electric vehicles.

Ford’s diverse vehicle range and innovative features are driving strong Q1...

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In the first quarter (Q1), Ford had a strong sales performance and achieved growth in its market share. This growth was due to the...

Tesla faces EV competition amidst calls for a European alliance against...

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The competition in the electric vehicle (EV) market is on the rise. As Tesla is set to announce its first-quarter delivery data, there are...
Tesla sales declined in the first quarter for the first time in four years, underlining the impact of cooling electric vehicle demand.

Tesla posts disappointing Q1 sales under weakening EV demand

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Tesla posted first-quarter sales on Tuesday, with disappointing forecasts and a sharp decline in deliveries that underline the impact of the electric vehicle market's...
BYD witnessed a sharp quarter-over-quarter electric vehicle sales decline amidst a slowdown in demand and an economic downturn in China.

BYD EV sales plummet in Q1 as hybrids surge

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China-based automaker BYD has reported a significant drop in electric vehicle sales after aggressive price cuts drove record-high volumes in the previous quarter. On Monday,...
Chinese automaker SAIC is planning to lay off thousands of workers at its General Motors and Volkswagen joint ventures, according to Reuters.

China’s SAIC allegedly plans layoffs at GM, VW joint ventures after...

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State-owned Chinese automaker SAIC Motors may be planning to lay off a significant portion of its General Motors and Volkswagen joint-venture staff, in addition...
Nissan & Mitsubishi team up to catch up in the EV market as both automakers plan to produce an electric pickup in Mexico.

Nissan, Mitsubishi partner to produce electric pickup trucks for U.S. market

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Japanese automakers Nissan and Mitsubishi are partnering to catch up to the U.S. market as it shifts towards electric vehicles. The companies have agreed...
Tesla has raised Model Y prices ahead of the release of its quarterly sales report, which is expected to reveal cooling demand.

Tesla hikes Model Y price as Q1 sales report looms

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Tesla has raised prices across its Model Y lineup as the company braces for the release of its quarterly sales report. All Model Y trim...
The 2024 Consumer Choice Awards, signaling a shift in the market and increased competition for EV sales in KBB's recent report

Honda dominates KBB’s 2024 Consumer Choice Awards amid post-pandemic market shifts 

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The car-buying market has struggled for several years due to pandemic-related production issues. However, manufacturers are expected to balance the supply and increase the...
Starting April 1, one third of Dearborn's Rouge EV Plant's workers will remain on-site due to slower F-150 Lightning demand.

Ford cuts back production at Rouge EV factory due to ‘slower-than-expected’...

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Ford has announced that starting April 1, a third of the 2,100 workers who make up three crews at the Dearborn, Michigan, Rouge Electric...