Toyota sales rise, NHTSA proposes new fuel-economy standard, VinFast introduces first U.S. factory

Inside Automotive 

On today’s Inside Automotive, we’re pleased to welcome Kayla Reynolds, to tell us more about the study’s EV adoptions findings.Key findings from the 2023 Path to EV Adoption study — Kayla Reynolds | Cox Automotive
Cox Automotive recently released their 2023 Path to EV Adoption: Consumer and Dealer Perspectives study, so on today’s Inside Automotive, we’re learning more about the study’s findings, especially as new EV inventory increases. We’re pleased to welcome Kayla Reynolds, Manager of Research Market Intelligence at Cox Automotive Mobility, to tell us more. Watch the full segment here

Top stories

Toyota saw global sales rise in the first half of 2023, even as its position in the U.S. was challenged by competitors.Toyota saw global sales rise in the first half of 2023, even as its position in the U.S. was challenged by competitors. For the first six months of the year, the Japanese car manufacturer reported sales of 4.9 million units, an increase of 5.1% from the previous year. Separating its quarterly results, Toyota saw sales rise 5.8% in Q2 from Q1 2023 and 8.4% from Q2 2022, a difference of 138,942 and 195,793 units, respectively. Read More

Ann Carlson, NHTSA”s acting administrator

Federal officials are recommending tighter fuel economy requirements for light-duty cars and trucks, claiming that the revised regulations would reduce pollution and save consumers more at the pump. For model years 2027 to 2032, the National Highway Traffic Safety Administration on July 28 proposed new fuel-economy rules that would limit how far a gallon of gasoline could take a vehicle in the U.S. Read More

Vietnamese electric vehicle manufacturer VinFast officially broke ground on its first U.S. plant and plans to finish construction in 2025.
Pictured: VinFast Manufacturing Facility Groundbreaking, Image Source: VinFast, PR Newswire

Vietnamese electric vehicle manufacturer VinFast broke ground on its first U.S. factory on July 28, kicking off a two-year process to create a production and supply chain center in North America. The North Carolina construction site occupies roughly 1,800 acres in Chatham County. The factory, set to open in 2025, will initially make the VF 7, VF 8 and VF 9 models. The facility is expected to manufacture 150,000 electric vehicles annually and will feature five production centers. Read More

Image Source: Subaru Loves to Care media center

As part of the nationwide Subaru Loves to Care initiative supporting children and their families affected by blood cancer, Pennsylvania Rafferty Subaru recently partnered with the Leukemia & Lymphoma Society, LLS, to surprise cancer patients at Paoli Hospital with a donation of 80 blankets, patient care kits, and handwritten messages of hope. The contribution from Rafferty Subaru aids in providing patients with both physical and emotional assistance while they’re receiving treatment. Read More

For Dealers 

There is no doubt Mark Cuban is a very busy entrepreneur, but he has obviously found a way to get everything done and manage his time right.Try Mark Cuban’s daily routine to elevate your work habits
Most people know Mark Cuban as the owner of the Dallas Mavericks and an investor on the hit reality TV series Shark Tank on ABC. What many are unaware of, however, is how he has been able to garner success through a certain daily routine that has made him one of the richest men in America. Cuban is quite regimented, which can help entrepreneurs stay motivated and have clear goals that lead to success. Read More

This article offers valuable­ insights and strategic approaches to help de­alerships navigate the use­d EV market successfully.How to successfully navigate the used EV market
The automotive­ industry is undergoing a notable shift towards ele­ctric vehicles (EVs), driven by the­ growing environmental awarene­ss among consumers and advancements in EV te­chnology. In the midst of this transformation, a fascinating market segme­nt is emerging: used EVs. Within this e­xpanding market, car dealerships e­ncounter both unique opportunities and challe­nges. This article delve­s into these dynamics, offering valuable­ insights and strategic approaches to help de­alerships navigate the use­d EV market successfully. Read More

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Jaelyn Campbell
Jaelyn Campbell
Jaelyn Campbell is a staff writer/reporter for CBT News. She is a recent honors cum laude graduate with a BFA in Mass Media from Valdosta State University. Jaelyn is an enthusiastic creator with more than four years of experience in corporate communications, editing, broadcasting, and writing. Her articles in The Spectator, her hometown newspaper, changed how people perceive virtual reality. She connects her readers to the facts while providing them a voice to understand the challenges of being an entrepreneur in the digital world.

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