Inside Automotive
How lenders can more effectively guide F&I customers in a digital environment — Andy Mayers | Cox Automotive
Today’s car customers have more control over the auto financing process than ever before, but many are still struggling to navigate the post-pandemic car market. On this episode of Inside Automotive, Andy Mayers sits down with host Jim Fitzpatrick to discuss how lenders can better serve buyers in this new environment. Mayers is the Lender Strategist at Cox Automotive.
Top stories
Automakers such as General Motors, Ford, and others have been expanding their off-road vehicle offerings as a way to boost profits on their trucks and SUVs with far fewer investments than new vehicles. For instance, GM is looking to continue testing the price ceiling of its highly profitable full-size pickup trucks as it spends billions to transition to all-electric vehicles. Read More
Electric vehicle sales accounted for 7.2% of all first-quarter car purchases, the segment’s best U.S. performance to date. According to a Cox Automotive report, Q1 EV sales hit 258,882 units, a year-over-year growth of 44.9%. After such a boost, Cox analysts are confident the segment will hit 1 million units by the end of the year. Read More
During its annual general meeting on April 13, shareholders of the company that makes Jeep SUVs, Ram pickup trucks, and other automobiles unanimously approved CEO Carlos Tavares’ compensation.According to spokesman Ferno Silveira, 80.44% of shareholders voted in favor of Tavares’ compensation, demonstrating their support for it. Read More
Vermont lawmakers are weighing an electric vehicle tax that would charge owners based on the number of miles they drive. The proposed tax, included in a bill titled H.479, would require drivers to pay a “mileage-based usage fee” starting in July 2025. Although officials have yet to determine the exact rate, the law has already passed in the Vermont House and is awaiting approval in the Senate. Read More
For Dealers
Government pressure on OEMs to produce EVs: An industry misstep?
In a world where market forces often dictate the direction of the automotive industry, with the latest Federal government plans, it’s becoming increasingly clear that the government’s push for electric vehicles (EVs) may be causing more harm than good. Read More
Weekly roundup: EPA proposes new tailpipe standards, average car prices fall below sticker, GM doubles down on lithium sourcing
Earlier this week: Average new car prices fell below MSRP for the first time since 2021, Tesla got slapped with a privacy lawsuit, the EPA revealed newly proposed tailpipe emissions rules to accelerate EV sales, and more headlines to stay on top of this week in automotive industry news. Read More
