Tag: auto industry news
Nissan cuts profit forecast but still expects to beat prior year...
Nissan has lowered its profit forecast for the fiscal year ended in March due to missed global sales targets.
The Japanese automaker revealed the adjustment...
New vehicle days’ supply shrinks as affordability drives demand
New vehicle inventory was stable month-over-month in early April due to a sizeable increase in demand but remained far ahead of prior-year levels thanks...
Mexico denies BYD, other Chinese car makers, access to incentives
Mexico has reportedly denied Chinese automakers access to government incentives due to pressures from U.S. officials.
According to a Reuters report, Mexican officials met with...
Wholesale used vehicle prices slip in early April as sales pace...
Used vehicle prices at auction declined again in the first half of April as the average pace of sales slowed following a burst of...
Hydrogen fuel cell car sales plummet amidst stiff competition from EVs
The recent uptake of cars based on hydrogen fuel cell technology is declining in the United States, especially in California, where the availability of...
Does America have a used EV problem – or opportunity?
In the US, there are two used cars on the road for every new one. Pre-owned auto sales is big business. Plummeting prices, soaring...
General Motors to move headquarters next year after almost 3 decades
General Motors will move its headquarters from its home of nearly 30 years to the new Hudson's Detroit building located on Woodford Avenue.
The move...
Used car sales skyrocket in March as consumers hunt for deals
Used car demand rapidly outpaced other segments in March, resulting in the highest retail sales volume in two years.
According to Cox Automotive, dealers sold...
Streamlining Title Acquisition: The Rise of E-Titling
In the fast-paced world of automotive sales, time equals money. Every minute spent on paperwork and administrative tasks is a minute taken away from...
Average new car prices dip in March, but affordability remains distant
New car prices dipped again in March amidst a resurgence in inventory and manufacturer incentives.
Kelley Blue Book data indicates the average new car transaction...
