Inside Automotive
Bloomberg’s midyear outlook: EV disruptors take center stage — Kevin Tynan | Bloomberg Intelligence
Bloomberg Intelligence recently released its 2023 North American Auto Manufacturing Midyear Outlook. On this episode of Inside Automotive, CBT News host Jim Fitzpatrick is joined by Kevin Tynan, senior automotive analyst at Bloomberg Intelligence, to discuss the midyear outlook and what it can tell dealers about the electric vehicle market. Watch the full segment here
Top stories
General Motors CEO Mary Barra declared that the automaker’s future EVs would use Tesla’s North American Charging Standards. GM plans to include the NACS connector design in its EVs starting in 2025. By 2024, GM EV users will have access to the Tesla Supercharger Network. At first, you’ll need to utilize an adapter. Read More
Auto loan availability dropped to a two-year low in May under restrictive lending standards as consumers struggled to obtain financing for their vehicle purchases. According to data from Cox Automotive and the Dealertrack Credit Availability Index, auto loan access decreased 0.4% month-over-month and 8% year-over-year. At 96.4, the index score is the lowest seen since February 2021 and continues the downward trend starting near May 2022. Read More
Negotiations between the U.S. and U.K. are underway to arrange a deal granting U.K. businesses access to electric vehicle incentives in the Biden Administration’s Inflation Reduction Act (IRA) through their exports of minerals heavily used in battery production. Meeting on Thursday, June 8, President Joe Biden and U.K. Prime Minister Rishi Sunak revealed the EV incentives negotiations to reporters at the White House. Read More
Love Kendall County Kids has received a $50,000 donation from the Vic Vaughan Family Foundation (VVFF), the philanthropic arm of Vaughan Automotive. The donation will cover the entire cost of the following summer programs: Read More
For Dealers
New report shows FTC rule changes will cost consumers time and dealers money
The automotive industry is no stranger to change, and as it evolves, regulations will play an important role in protecting consumer rights and ensuring fairness. The Center for Automotive Research (CAR Group) report on the FTC’s proposed rule changes (CFR Part 463) is a key indicator of the future of automobile regulations. Read More
4 of the best marketing channels to reach electric vehicle buyers
As electric vehicles become more mainstream, you might wonder how you reach customers who tend to be more likely to buy all-electric vehicles. We’ll discuss some of the methods most commonly used to attract buyers who are interested in battery-powered vehicles. We’ll also talk about who today’s electric buyers are, and who they will be in the future. Read More
