Tag: automotive industry trends
New-vehicle prices hit near-record highs as luxury and EV sales surge
According to the latest data from Cox Automotive's Kelley Blue Book, the average new-vehicle prices continued to climb for the fourth consecutive month, with...
Incoming Chairman Tom Castriota discusses NADA’s approach to Trump administration
Tom Castriota, incoming chairman of the National Automobile Dealers Association (NADA) and owner of Castriota Chevrolet, is preparing for some significant changes in 2025....
Biden-Harris administration allocates $635M in EV charging grants
With less than a week until President-elect Donald Trump assumes office, the Biden-Harris administration awarded $635 million in electric vehicle (EV) charging grants. This...
Stellantis successfully cuts U.S. inventory by over 100,000 vehicles
According to Antonio Filosa, Stellantis's North American chief, he recently revealed that the automaker has successfully reduced its U.S. inventory by more than 100,000...
GM and TWG Motorsports launch powertrain development for Cadillac’s Formula 1...
General Motors and TWG Motorsports have joined forces to develop cutting-edge powertrains for the Cadillac's Foruma 1 team, marking a significant milestone in the...
BMW claims luxury crown after Q4 surge
Despite earlier setbacks, including a recall and a stop-sale that briefly disrupted its momentum, BMW narrowly outperformed Mercedes-Benz and retained its position as the...
GM appoints Bryan Nesbitt to design chief as Michael Simcoe retires
General Motors (GM) announced that Michael Simcoe, Senior Vice President of Global Design, will retire after serving the company for 42 years. Simcoe will...
Stellantis bets on redesigned Ram heavy-duty trucks to reverse sales slump
Stellantis is betting on its newly redesigned Ram Heavy Duty trucks to reverse three years of persistent sales slump.
The newly redesigned Ram 2025 2500...
Canadian Prime Minister’s resignation complicates auto industry amid Trump’s tariff threats
Canadian Prime Minister Justin Trudeau officially announced his resignation after nearly a decade in power on January 6, 2025, bringing nearly a decade of...
Ford powers into 2025 with record EV sales and a 6%...
Ford recently released its fourth quarter and yearly sales results. The automaker outpaced the broader industry's growth rate, achieving double the pace in 2024....
