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Automotive

Report: Increased Vehicle Supply and Strong Demand to Cause U.S. Auto Sales Increase in August

Report: Increased Vehicle Supply and Strong Demand to Cause U.S. Auto Sales Increase in August

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In August, the United States is gearing up for a notable surge in new vehicle sales, as detailed in a recent report by industry experts. The driving forces behind this  Full Article »

Automotive

Study: Leasing an EV is the Least Expensive Way to Get a New Car

Study: Leasing an EV is the Least Expensive Way to Get a New Car

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According to a recent study conducted by Energy Innovation, a nonpartisan energy and environmental policy firm, leasing an electric vehicle (EV) stands out as the most cost-effective approach to acquiring  Full Article »

Automotive

Industry Experts: Stockpile of Electric Vehicles on Dealer Lots is Not Decreased Demand but Growing Pains

Industry Experts: Stockpile of Electric Vehicles on Dealer Lots is Not Decreased Demand but Growing Pains

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The seemingly excessive number of electric vehicles (EVs) on dealership lots isn’t indicative of dwindling demand; instead, it’s a result of the EV market’s rapid growth causing temporary imbalances, as  Full Article »

Automotive

Honda Sees 78% Rise in Q1 Profit Boosted by U.S. Sales

Honda Sees 78% Rise in Q1 Profit Boosted by U.S. Sales

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Honda has recently unveiled its impressive financial results for the first quarter of the year. The company experienced a remarkable surge in quarterly profit, boasting a substantial 78% increase. This  Full Article »

Automotive

Subaru Targeting 600,000 EVs Per Year by 2030 Making Up Half of Overall Sales

Subaru Targeting 600,000 EVs Per Year by 2030 Making Up Half of Overall Sales

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Subaru has set ambitious goals for the future of its electric vehicle (EV) offerings. By 2030, the company aims to achieve annual sales of 600,000 battery electric vehicles, which would  Full Article »

Automotive

Many New Electric Vehicles Selling for Thousands Under MSRP

Many New Electric Vehicles Selling for Thousands Under MSRP

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Amidst the conclusion of the global semiconductor shortage and the rise in interest rates, the demand for new cars is experiencing a decline, prompting dealers to adopt new strategies. A  Full Article »

Automotive

Lamborghini Posts Record Sales, Could hit 10,000 Units This Year

Lamborghini Posts Record Sales, Could hit 10,000 Units This Year

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Luxury sports car manufacturer Lamborghini has been thriving with a record-breaking performance in sales during the first half of the year. In the period from January to June 2023, the  Full Article »

Automotive

General Motors Net Income Rises by 52%, Has New Focus to Cut Operating Costs Further

General Motors Net Income Rises by 52%, Has New Focus to Cut Operating Costs Further

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On Tuesday, General Motors (GM) announced a positive change in its full-year profit forecast, largely due to its strategic plans to reduce investments in new products and implement cost-cutting measures.  Full Article »

Automotive

Ford Mustang Mach-E Inventory Piling Up on Dealer Lots Reveals EVs Outpacing Demand

Ford Mustang Mach-E Inventory Piling Up on Dealer Lots Reveals EVs Outpacing Demand

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Ford’s electric vehicle (EV) ambitions are surpassing the current demand, as indicated by the company’s sales numbers, EV supply, and dealer sentiment. Ford seems to be facing a challenge of  Full Article »

Automotive

Mercedes-Benz Sales Increase in Q2 from Top-End & Electric Vehicle Growth

Mercedes-Benz Sales Increase in Q2 from Top-End & Electric Vehicle Growth

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Mercedes-Benz reported today a considerable increase in second quarter sales rising 6% year-on-year with a total of 515,700 vehicles sold. The increase in sales is a result of the high  Full Article »

Automotive

General Motors Increases Sales Lead over Toyota

General Motors Increases Sales Lead over Toyota

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General Motors continues to extend its lead over Toyota in the US automotive market, driven by improved supply conditions and a strengthening market. General Motors (GM) has reaffirmed its position  Full Article »

Automotive

New Vehicle Sales in US Rise from Strong Demand & Better Supply

New Vehicle Sales in US Rise from Strong Demand & Better Supply

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In the second quarter, new vehicle sales in the United States experienced a notable increase for leading global automakers. This rise can be attributed to the combination of improving supply  Full Article »

Automotive

Tesla Expected to Report Record Quarterly Vehicle Deliveries

Tesla Expected to Report Record Quarterly Vehicle Deliveries

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Tesla is expected to announce its highest-ever quarterly vehicle deliveries, driven by increased discounts and incentives to counter economic uncertainty and growing competition. Analysts anticipate Tesla to report global deliveries  Full Article »

Automotive

Auto Loan Delinquency Rate Exceeds Recession-era Highs

Auto Loan Delinquency Rate Exceeds Recession-era Highs

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According to a recent Credit Industry Insight Report (CIIR) by TransUnion, the delinquency rate for auto loans in the United States has surpassed levels last seen during the Great Recession.  Full Article »

Automotive

Direct-To-Consumer Car Sales For Most Brands Blocked by DeSantis Signing of House Bill 637

Direct-To-Consumer Car Sales For Most Brands Blocked by DeSantis Signing of House Bill 637

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The recently passed House Bill 637 in Florida, signed into law by Governor Ron DeSantis, has generated attention due to its impact on direct-to-consumer car sales. The law aims to  Full Article »

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