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Automotive

New US Vehicles Set Fuel Economy Record for 2022 as EV Sales Increase

New US Vehicles Set Fuel Economy Record for 2022 as EV Sales Increase

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The United States witnessed a notable surge in fuel efficiency among new vehicles in 2022, reaching an unprecedented milestone. The data, released by the Environmental Protection Agency (EPA), revealed that  Full Article »

Automotive

U.S. Federal Trade Commission Finalizes Car-Buying Rules Limiting Junk Fees & Shady Tactics

U.S. Federal Trade Commission Finalizes Car-Buying Rules Limiting Junk Fees & Shady Tactics

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The U.S. Federal Trade Commission (FTC) has implemented new rules aimed at reforming the car-buying process and curbing deceptive practices within the auto industry. The regulations, first announced in 2022  Full Article »

Automotive

Consumers on Pace to Buy 1.9 Million Electric Vehicles in US during 2023, 14 Million EVs Globally

Consumers on Pace to Buy 1.9 Million Electric Vehicles in US during 2023, 14 Million EVs Globally

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In the rapidly evolving landscape of the automotive industry, electric vehicles (EVs) are marking significant milestones, with a projected 14 million units set to be sold globally in 2023—a remarkable  Full Article »

Automotive

Automotive

New Vehicle Sales Rise for November from Strong Demand

New Vehicle Sales Rise for November from Strong Demand

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In November, the United States anticipates a surge in new vehicle sales, marking a 10.2% increase from the previous year, according to a report by industry consultants J.D. Power and  Full Article »

Automotive

Hyundai and Kia See Strong Demand for EVs Despite Inflation Challenges and Rival Concerns

Hyundai and Kia See Strong Demand for EVs Despite Inflation Challenges and Rival Concerns

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Hyundai and Kia are experiencing robust demand for electric vehicles (EVs) in the United States, according to senior executives who spoke to Reuters ahead of the Los Angeles Auto Show.  Full Article »

Automotive

Lucid Motors Latest Financial Results Show They Lost Over $430K Per Each Vehicle Sold in Q3 2023

Lucid Motors Latest Financial Results Show They Lost Over $430K Per Each Vehicle Sold in Q3 2023

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In the third quarter of 2023 Lucid Motors faced some financial challenges as it looks like they are losing 6-figures for every vehicle they sold during such a time. According  Full Article »

Automotive

Report: U.S. Auto Sales Take a Hit from High Prices and UAW Strike Impact

Report: U.S. Auto Sales Take a Hit from High Prices and UAW Strike Impact

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The U.S. auto industry is experiencing a slowdown in retail demand for new vehicles, primarily attributed to high interest rates and elevated prices. Despite some rebounding in inventories and incentives,  Full Article »

Automotive

Several Major Automakers US Sales Rise in Q3 but Challenges Loom

Several Major Automakers US Sales Rise in Q3 but Challenges Loom

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In the third quarter of the year, several major automakers in the United States have seen an increase in their sales figures. Analysts are optimistic about the industry’s performance, projecting  Full Article »

Automotive

GM Q3 US Sales Rise 21% Fueled by SUV and Truck Demand

GM Q3 US Sales Rise 21% Fueled by SUV and Truck Demand

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General Motors (GM) announced an impressive 21% surge in its third-quarter U.S. auto sales, marking a notable rebound compared to the same period the previous year. The company attributed this  Full Article »

Automotive

Tesla Missed Market Estimates for Q3 Vehicle Deliveries, Shares Slump Slightly

Tesla Missed Market Estimates for Q3 Vehicle Deliveries, Shares Slump Slightly

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Tesla fell short of market expectations for its third-quarter vehicle deliveries due to production disruptions caused by planned factory shutdowns. This unexpected setback led to a 3.7% decline in Tesla’s  Full Article »

Automotive

New Vehicle Sales in US Rise for Sixth Month but UAW Strike Casts Shadow on October Outlook

New Vehicle Sales in US Rise for Sixth Month but UAW Strike Casts Shadow on October Outlook

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In a continuing trend, the United States is experiencing a surge in new vehicle sales, marking the sixth consecutive month of growth. This optimistic projection is rooted in robust demand,  Full Article »

Automotive

Used Cars Cost 33% More Than They Did in 2019

Used Cars Cost 33% More Than They Did in 2019

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The world of automotive enthusiasts and everyday commuters alike has been experiencing some significant changes in recent years. While the allure of brand-new cars remains strong, the reality for many  Full Article »

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 »

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