Inside Automotive
Experian Automotive Q4 report: passenger vehicles and EVs – John Howard
Recently, Experian published its fourth quarter report on the car market, revealing several unexpected shifts in consumer preference and brand rankings. On this episode of Inside Automotive, John Howard, Director of Product Management at Experian Automotive, sits down with host Jim Fitzpatrick to discuss the data and what it means for the industry. Watch the complete segment here.
Top Stories
On Thursday, Ford raised prices for several versions of its best-selling electric pickup, the F-150 Lightning. The price hikes affect the Standard Lariat, Platinum and Pro models. According to the automaker, the adjustments were made due “to current material costs, market factors, and supply chain constraints.” Read More
Electric vehicle brand Nikola has announced plans to raise $100 million in cash as it looks to increase production of its battery-powered semis. Initially, the automaker will offer $100 million in stock to public traders on the secondary market. Citigroup is set to underwrite the offering, and can choose to buy another $15 million in shares. Read More
In an effort to improve the safety of everything from first responders to delivery vans in your neighborhood, a new combination of safety features is delivery alerts to millions of vehicles by using advanced emergency lighting and digital alerts. The system combines digital alerts with advanced emergency lighting to warn vehicles when approaching stranded vehicles, accidents, and emergency vehicles. Read More
ABB Robotics, a manufacturer of industrial robots, recently commissioned a study that polled almost 600 global industry experts from the engineering, manufacturing, and management fields. The results showed that 59% of those polled thought that the transition to EV production would not be possible within the legislative-mandated time frame. Read More
For Dealers
Competition for sales is back — but is your sales staff ready to sell again?
U.S. new-vehicle inventory levels rose sharply in December and crested to 1.8 million for the first time since May 2021.¹ That bit of good news has been tempered by an affordability crisis, where high vehicle prices — combined with high interest rates — are driving shoppers of new vehicles to consider used. Read More
5 ways to rev up your dealership’s used car inventory for tax refund season
The tax refund season, an annual event as eagerly anticipated as the arrival of spring itself is upon us once again. And, so far, the IRS has issued way more tax refunds than it did last year. This season offers a golden opportunity for automotive dealerships to maximize their used car sales. Read More
