What changes can dealers expect to see in the used car market this year?
A crystal ball look into the 2023 used car market will be cloudy as this part of the industry responds to more stable new car supplies and higher consumer borrowing...
TSLA426.0108.16%
GM78.7901.58%
F14.9451.275%
RIVN14.2200.07%
CYD57.3601.7%
HMC26.4750.215%
TM188.950-0.71%
CVNA68.2803.89%
PAG164.8203.09%
LAD276.4201.89%
AN189.9303.5%
GPI326.1406.03%
ABG187.6652.285%
SAH78.1762.276%
TSLA426.0108.16%
GM78.7901.58%
F14.9451.275%
RIVN14.2200.07%
CYD57.3601.7%
HMC26.4750.215%
TM188.950-0.71%
CVNA68.2803.89%
PAG164.8203.09%
LAD276.4201.89%
AN189.9303.5%
GPI326.1406.03%
ABG187.6652.285%
SAH78.1762.276%
TSLA426.0108.16%
GM78.7901.58%
F14.9451.275%
RIVN14.2200.07%
CYD57.3601.7%
HMC26.4750.215%
TM188.950-0.71%
CVNA68.2803.89%
PAG164.8203.09%
LAD276.4201.89%
AN189.9303.5%
GPI326.1406.03%
ABG187.6652.285%
SAH78.1762.276%
electric vehicles
Deloitte reveals the automotive consumer trends emerging in 2023
Consulting and advisory firm Deloitte has published its Global Automotive Consumer Study for this year, revealing the automotive consumer trends that are likely to influence the car market in 2023.
The...
Automakers on track to miss IPCC climate change goal
Electric vehicle brands Polestar and Rivian have released a study predicting the global automotive industry will only achieve a quarter of the IPCC's climate change goal by 2050.
The International Panel...
3 obstacles to EV adoption in 2023 that dealers should know about
Electric vehicles (EVs) have grown in popularity over the last couple of years. Whether it’s the Chevrolet Bolt or the Hyundai Ioniq, it’s almost impossible to visit an automotive website...
Biden expands EV tax credit eligibility after automaker complaints
EV tax credit eligibility was expanded last week in response to complaints from Ford, General Motors and Tesla over the Inflation Reduction Act's SUV classification system.
The tax incentives provide a...
Dealers need more straightforward guidance for EV tax credits
To almost no one's surprise, the Federal Government's attempt at explaining the new consumer EV tax credit only caused more confusion. It was hoped that the so called "Inflation Reduction...
Jury rules Elon Musk not liable for damages caused by 2018 Twitter post
A San Francisco jury has ruled that Elon Musk is not liable for damages stemming from a 2018 Twitter post which claimed Tesla could be going private.
In addition to this...
How will EVs affect fixed operations revenue?
A 2017 article in Automotive News undoubtedly caused indigestion among franchised dealer executives by foretelling how EVs would cause fixed operations to drop. In truth, it’s still too early to...
GM invests in world’s third largest lithium mine to secure EV battery supplies
Following in the footsteps of other automakers, General Motors has secured EV material production by dedicating $650 million in investments towards the largest lithium mine in the U.S.
The funding will go...
Hyundai starts the year off strong with record breaking January sales
Yesterday, Hyundai released its January sales report, offering good news for investors and dealers alike.
The company started 2023 off strong by selling 52,001 units in the first month, 4,129, or...
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