Hertz reduces EV fleet by 20,000 vehicles, blames Tesla
The well-known rental car company Hertz Global Holdings announced that it would sell around one-third of its EV fleet since it depreciated faster than anticipated. The decline in value is...
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
automotive industry insights
UAW hits second unionization milestone at Mercedes-Benz plant
The United Auto Workers (UAW) union says it has obtained union authorization cards from over 30% of Mercedes-Benz's Alabama manufacturing employees, marking another milestone in the group's efforts to organize...
Polestar reports Q4 global deliveries, revealing a difficult end to 2023
The Swedish electric car manufacturer Polestar Automotive has released its global delivery figures for the fourth quarter of 2023.
The report revealed that the company delivered around 12,800 vehicles, of which 880 Polestar...
Strategies to prepare your dealership for 2024 — Adam Arens | Patriot Automotive Group
Things have changed in the dealership over the last four years. Keeping up with these shifts is crucial, not only to determine how far the retail automotive sector has come...
VinFast debuts midsize truck and electric utility vehicle at CES for the U.S. market
Vietnamese automaker, VinFast, unveiled two cars at the Consumer Electronics Show (CES) in Las Vegas this year. A midsize pickup truck, similar to the Toyota Tacoma, and a small electric...
Car manufacturers share cautious expectations on 2024 automotive market
Sentiments toward the automotive market shifted among dealers, manufacturers, and other industry insiders in accounting and professional services conglomerate KPMG's latest Global Automotive Executive Survey.
While current perspectives on the automotive...
New car prices dip in December as buyer’s market returns
New car prices continued to fall in December as the automotive market remains on track to hit pre-pandemic norms in the near future.
According to Cox Automotive, new vehicle transaction prices...
White House to add 7,500 EV charging ports across the U.S., with $623 million in grants
Range anxiety is becoming more common as electric vehicles (EVs) become more prevalent on American roads. Unlike conventional vehicle owners who can easily find gas stations, EV owners rely on...
What to expect from the 2024 dealership buy-sell market — Erin Kerrigan | Kerrigan Advisors
As the retail automotive sector has adjusted to new technologies, government policies, and consumer preferences, so too has the dealership buy-sell market. Although the pace of mergers and acquisitions activity...
Dealership marketing headwinds and the solutions to beat them — Brooke Furniss | BZ Consultants Group
Dealership marketing strategies must be frequently tuned to maintain their effectiveness, lest consumer preferences and technological advances make them obsolete. As the retail automotive community enters into a new year...
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