Tag: automotive industry insights
NHTSA investigates over 3 million Honda vehicles after 47 crashes reported
On April 17, the U.S. National Highway Traffic Safety Administration (NHTSA) made a significant announcement. It revealed that it had escalated its investigation into...
Fisker expands dealer network after Ocean electric SUV price cuts
California-based electric vehicle (EV) startup Fisker is seeking to improve its financial situation by expanding its dealer network. The company has recently recruited a...
New-car inventory rises and best-value cars for 2024 revealed, Cars.com report
According to the most recent Cars.com report, new-car inventory is on the rise—particularly in the under $30,000 segment—marking a significant recovery. Vehicles now average...
Treasury reports U.S. auto dealers get $580M in advance EV tax...
Since January 1, auto dealers have received reimbursement from the U.S. government for nearly $580 million in advance point-of-sale customer electric vehicle (EV) tax...
Inflation may affect interest rate cuts due to high auto insurance...
A government report released on April 10 revealed that consumer inflation remained high last month due to increased expenses such as gas prices, rent,...
Depreciation study shows EVs lose value fastest – Karl Brauer |...
A study by iSeecars.com sheds insight on cars that lose the most value after just one year and those that retain the most value....
iSeeCars reveals new car sales are slowing down while used car...
New car dealerships are experiencing a change in supply and turnover. According to a study by iSeeCars, the average new car takes 54 days...
China’s EV exports surge boosts global ship orders, puts pressure on...
China's electric vehicle (EV) export industry is causing a surge in orders for car-carrying ships, with predictions suggesting that China could have the world's...
Ford offers Tesla owners up to $10K in savings on the...
On April 3, Ford began offering $1,500 Tesla Competitive Conquest Bonus Cash on all versions of the Mach-E, including the 2023 and 2024 Mustang...
Cruise to resume self-driving operations in Phoenix after six-month halt
On April 9, General Motors' self-driving division, Cruise, announced that it would reintroduce operations in some areas- starting with Phoenix- after suspending them for...