News
January Auto Sales Chilled
The month is set to be off last year, J.D. Power predicts, though its full-year outlook is less gloomy, and dealer profits are up despite the odds.
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SEARCHMENUSEARCHThe month is set to be off last year, J.D. Power predicts, though its full-year outlook is less gloomy, and dealer profits are up despite the odds.
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The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.
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S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.
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The 2022 Working Relations Index shows Toyota in first place, with Honda rapidly closing in.
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Notable recent auction sales include a 2017 Ferrari LaFerrari Aperta.
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General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake Tesla as the No. 1 EV maker.
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The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.
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The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.
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New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s Analytics Vehicle Affordability Index.
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The challenge arises over the EPA decision to reinstate the waiver and withdraw its interpretation of the Clean Air Act that would prohibit other states from adopting California’s more stringent vehicle greenhouse gas emission standards.
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This week, NADA and 12 industry partners urged Congress to take up the PART Act to help fight catalytic converter theft, and specifically asked for the House Energy and Commerce Committee to hold a hearing on this important issue.
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