Posts by Tag: New Car Sales»

Automotive

Record Average U.S. Vehicle Age at 12.6 Years & New Car Average Price Just Over $45,000

Record Average U.S. Vehicle Age at 12.6 Years & New Car Average Price Just Over $45,000

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The average age of vehicles in the U.S. has reached a new high of 12.6 years in 2024. This milestone reflects a trend where owners hold on to their cars,  Full Article »

Automotive

U.S. Tesla Registrations Dropped 25% in February Placing EV Segment into the Negative

U.S. Tesla Registrations Dropped 25% in February Placing EV Segment into the Negative

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In February, U.S. Tesla registrations experienced a shocking decline, plummeting by 25 percent compared to the same period last year. This downturn had a ripple effect, dragging down the broader  Full Article »

Automotive

Car Affordability Plummets in America – Many Can No Longer Afford Their Cars

Car Affordability Plummets in America – Many Can No Longer Afford Their Cars

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Car ownership has long been synonymous with the American way of life, embodying notions of freedom, independence, and even rebellion, while also serving as a practical necessity. However, in 2024,  Full Article »

Automotive

First-Quarter 2024 Automotive Sales Grew Nearly 5%, EV Growth Slowed

First-Quarter 2024 Automotive Sales Grew Nearly 5%, EV Growth Slowed

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In the first quarter of 2024, automotive sales in the United States experienced a notable uptick of nearly 5%, indicating a resilient market despite elevated interest rates. However, the growth  Full Article »

Automotive

Tesla Sales Decline 9% for Start of 2024 as EV Competition Increases and Demand Slows

Tesla Sales Decline 9% for Start of 2024 as EV Competition Increases and Demand Slows

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Tesla faced a slight setback in the opening quarter of 2024 as its sales plummeted by nearly 9% compared to the same period last year. This decline comes amidst a  Full Article »

Automotive

Nissan to Launch 30 New Vehicles Worldwide by 2027, 16 Will be EVs

Nissan to Launch 30 New Vehicles Worldwide by 2027, 16 Will be EVs

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Nissan has outlined an ambitious plan to roll out 30 new models worldwide by March 2027, with a sharp focus on electric vehicles (EVs). This announcement is part of its  Full Article »

Automotive

Tesla Model Y Was Most-Produced Vehicle in the World During 2023

Tesla Model Y Was Most-Produced Vehicle in the World During 2023

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In 2023, the automotive landscape witnessed a shift in production dynamics, with the Tesla Model Y emerging as the most-produced vehicle worldwide, according to a study by French EV research  Full Article »

Automotive

Survey: Dealerships Have Mixed Feelings Over Hyundai and Amazon Online Vehicle Sales Partnership

Survey: Dealerships Have Mixed Feelings Over Hyundai and Amazon Online Vehicle Sales Partnership

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  Dealerships in the U.S. are grappling with a mix of sentiments regarding the collaboration between Hyundai Motor and Amazon, contemplating its potential impact on the car-buying landscape and its  Full Article »

Automotive

Toyota Retains World’s Top-Selling Automaker Crown as Chairman Apologizes over Scandals

Toyota Retains World’s Top-Selling Automaker Crown as Chairman Apologizes over Scandals

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Toyota has solidified its position as the world’s leading automaker for the fourth consecutive year, with record-breaking sales of 11.2 million vehicles in 2023. Despite this achievement, the company’s chairman,  Full Article »

Automotive

GM Looks Towards Positive Outlook for 2024 via ‘Resilient’ US Economy

GM Looks Towards Positive Outlook for 2024 via ‘Resilient’ US Economy

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General Motors (GM) has reported a dip in pre-tax profit for the fourth quarter, but despite this, the company remains optimistic about its prospects for 2024, buoyed by what it  Full Article »

Automotive

U.S. Federal Trade Commission Pauses Car-Buying Rules that would Limit Junk Fees and Shady Dealership Tactics

U.S. Federal Trade Commission Pauses Car-Buying Rules that would Limit Junk Fees and Shady Dealership Tactics

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Last year we rejoiced as we reported on the idea of the government putting a stop to the deceptive tactics of shady dealerships and their junk fees. However, the U.S.  Full Article »

Automotive

Toyota Aiming to Produce over 10 Million Vehicles Globally in 2024

Toyota Aiming to Produce over 10 Million Vehicles Globally in 2024

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Toyota is setting out to hit a major milestone in 2024, aiming to produce over 10.3 million vehicles globally. This ambitious goal would mark a consecutive yearly record for the  Full Article »

Automotive

Top 20 Best Selling Vehicles of 2023

Top 20 Best Selling Vehicles of 2023

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The year 2023 proved to be quite interesting as we set out on a course of normality outside of the dreadful years of COVID that we’ve thankfully lived through. From  Full Article »

Automotive

US Auto Industry Captures Best Sales Year Since Pandemic as GM Edges Past Toyota for Top-Selling Automaker in America

US Auto Industry Captures Best Sales Year Since Pandemic as GM Edges Past Toyota for Top-Selling Automaker in America

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During 2023, the U.S. auto industry experienced a rebound, marking its best sales year since the onset of the pandemic. General Motors (GM) successfully surpassed its competitor, Toyota, securing its  Full Article »

Automotive

Tesla Deliveries for 2023 Beat Estimates Thanks to Year-End Push & Incentives

Tesla Deliveries for 2023 Beat Estimates Thanks to Year-End Push & Incentives

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Tesla exceeded expectations for fourth-quarter deliveries in 2023, attributing the success to a concerted effort to expedite the handover of Model 3 electric cars before certain variants lost federal tax  Full Article »

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