Tag: automotive industry
New vehicle inventory shrinks in early March as sales rise and...
Resilient consumer demand in February spurred new vehicle sales forward but dragged inventory levels down from January's above-average supply.
The pace of sales intensified last...
Hyundai to build more electric commercial vehicles with Iveco Group
Hyundai has signed a letter of intent with Iveco Group, a commercial vehicle brand, signaling its commitment to accelerate innovation in the heavy-duty truck...
Dealer optimism sees spring boost but remains cloudy on profit concerns
Dealers are showing more optimism toward the market but remain cautious on the whole as normalizing car prices continue to sap profits.
According to Cox...
Service department satisfaction held back by long wait times, EV issues
Customer satisfaction with the dealership service experience improved slightly in 2024 but was held back from a stronger increase due to frustrations with the...
Arm looks to accelerate self-driving car development with new computer chip
Software company Arm has unveiled a new computer chip design tailored for self-driving cars that it says will help the automotive industry accelerate the...
Fisker in talks with bankruptcy advisers as search for funds continues
Electric vehicle startup Fisker has allegedly hired bankruptcy consultants shortly after warning investors that it may not have enough cash to last the year.
The...
Electric vehicle marketing may be easier than you think — John...
Like it or not, electric vehicles are here to stay, leaving car dealers with the unenviable task of ramping up sales in a new...
Negative equity sets new record in previous-quarter’s used vehicle market
Negative equity in the used vehicle market grew in the final months of 2023, underscoring normalizing trends in the preowned segment.
Edmunds noted high levels...
Japan’s UBE to build first U.S. factory for crucial EV battery...
The first facility in the U.S. for producing dimethyl carbonate (DMC) and ethyl methyl carbonate (EMC), two materials essential to electric vehicle (EV) battery...
Cadillac shows off Opulent Velocity zero-emissions V-series concept
On March 13, Cadillac unveiled its Opulent Blecoity concept performance vehicle, celebrating the past, present, and future of Cadillac and its performance brand, the...
