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 »
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 »
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 »
Toyota, the world’s largest automaker, has reported an impressive performance in the first quarter, nearly doubling its operating profit. This growth was attributed to increased sales and productivity, as well Full Article »
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 »
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 »
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 »
The current state of the car market can be described as the “least affordable car market in modern history,” as stated by CoPilot’s CEO Pat Ryan. Recent reports indicate that Full Article »
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 »
Carvana, a pioneer in the online used car marketplace, has recently released its list of the top ten best-selling electric vehicles (EVs) for the first half of 2023. The rankings Full Article »
According to analysts and industry data, the electric vehicle (EV) market in the United States is experiencing growth, but at a slower pace than expected. This has resulted in a Full Article »
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 »
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 »
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 »
In the second quarter of 2023, Tesla achieved a remarkable milestone by delivering a record-breaking number of vehicles. The company’s strategic move to reduce prices contributed significantly to the surge Full Article »
