Earlier this week: Trump and Harris clashed over the U.S. auto industry at a debate. GM and Hyundai will explore collaboration on EVs and clean energy. Stellantis invests $406M in Michigan plants to accelerate EV and hybrid production. A U.S. agency proposes new vehicle design standards to reduce pedestrian fatalities. California passed a bill to protect domestic abuse survivors in internet-connected vehicles. 2024 Rivian R1T becomes the only electric pickup to earn the Top Safety Pick+ award. New vehicle prices drop again as incentives surge amid high inventory.
Here’s a closer look at these top stories and more headlines to stay on top of this week’s automotive industry news.
1. Trump and Harris clash over U.S. auto industry at debate
During the Sept. 10 presidential debate, former President Donald Trump and Vice President Kamala Harris sparred over the state of the U.S. automotive industry, with each candidate presenting contrasting visions for its future.
2. GM, Hyundai to explore collaboration on EVs and clean energy
General Motors (GM) and Hyundai Motor announced a strategic collaboration today, focusing on vehicle development, supply chain efficiency, and clean energy technologies. The automakers signed a non-binding memorandum of understanding (MoU) to explore joint efforts that could reduce costs and accelerate the delivery of new vehicles and technologies to customers. Read More
3. Stellantis invests $406M in Michigan plants to accelerate EV and hybrid production
Stellantis is investing $406 million across three Michigan manufacturing plants to expand electric and hybrid vehicle production. The automaker, which owns Dodge, Chrysler, Jeep, and Ram, announced upgrades at the Sterling Heights Assembly Plant, Warren Truck Assembly Plant, and Dundee Engine Plant. Read More
4. U.S. agency proposes new vehicle design standards to reduce pedestrian fatalities
The U.S. National Highway Traffic Safety Administration (NHTSA) has announced a proposed regulation to redesign future vehicles, aiming to lower the risk of serious or fatal injuries in pedestrian-involved crashes. This move comes as pedestrian fatalities in the U.S. continue to rise, with 7,522 pedestrians killed in 2022—a 0.7% increase from the previous year and the highest number since 1981. Read More
5. California passes bill to protect domestic abuse survivors in internet-connected vehicles
California lawmakers have passed a groundbreaking bill requiring automakers to enhance protections for domestic abuse survivors in vehicles equipped with internet-connected technology. This measure, believed to be the first of its kind in the U.S., mandates that automakers address concerns over stalking and harassment using features such as location tracking and remote control access. Read More
6. 2024 Rivian R1T becomes the only electric pickup to earn Top Safety Pick+ award
The 2024 Rivian R1T has cemented its position as a leader in automotive safety, becoming the only fully electric pickup truck to receive the prestigious Top Safety Pick+ award from the Insurance Institute for Highway Safety (IIHS). Read More
7. New vehicle prices drop again as incentives surge amid high inventory
According to Kelley Blue Book, the average transaction price (ATP) for a new vehicle in the U.S. fell for the 11th consecutive month, driven by higher inventories that put downward pressure on prices. In August, the new-vehicle ATP was $47,870, down 0.6% from the revised July ATP of $48,166. This decline reflects a continued trend of price decreases in the face of growing vehicle availability.
8. How dealers can thrive in the growing commercial vehicle market – Kathryn Schifferle & Jim Press
You may recognize the two individuals joining us on the latest episode of Driving Solutions, as they have significantly impacted the automotive industry throughout their careers. Kathryn Schifferle is the founder and Chief Vision Officer of Work Truck Solutions. For over a dozen years, she has assisted dealers and various partners in identifying and taking advantage of opportunities in the commercial vehicle segment. Watch the full segment here.
9. John Connelly of Acura Columbus reshapes the car-buying experience
In today’s competitive automotive landscape, dealerships must adapt to evolving consumer preferences. Acura Columbus, under the leadership of John Connelly, has embraced digital solutions, including a virtual sales manager that simplifies the car-buying process. Today’s episode of Inside Automotive, John Connelly, president and Owner of Acura Columbus, shares insights on how this innovative approach has reshaped customer experiences and dealership success. Watch the full segment here.
10. Enhancing F&I strategies: Chuck Doute and Chad Scarberry on building stronger operations
In this episode of Training Camp, Adam Marburger hosts two leading experts in F&I management: Chuck Doute, General Sales Manager at Dorsch Ford Lincoln Kia, and Chad Scarberry, Finance Director at Carousel Nissan, who share their strategies for maximizing profit, navigating current market challenges, and fostering better collaboration between sales and F&I departments. This insightful dialogue provides valuable lessons for dealership leaders looking to enhance their F&I operations, boost team performance, and stay ahead of industry changes. Watch the full segment here.
