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This led to a robust flow of off-lease vehicles into the market, peaking in 2022, according to DesRosier. In the years leading up to the pandemic, new light vehicle sales peaked in 2017 and remained strong until 2019, with lease penetration rates exceeding 35 per cent.
The passenger car average transaction price increased 2 per cent from 2023 and the light truck average increased just 1 per cent A notable levelling off after the sharp increases noted for 2022 and 2023, the analysis noted. What comes next is to be determined as a trade war looms, said DesRosiers managing partner Andrew King.
However, the consultancy noted, first quarter numbers for this year are still above pre-pandemic levels as well as from 2020-2022. ZEVs still continued to grow their share of the overall light vehicle fleet despite the collapse in their sales for the first quarter of 2025,” noted Andrew King, managing partner at DesRosiers. “In
Toni Hanshaw has been named general manager of the Manheim Orlando Market Center which includes Manheim Orlando and Manheim Central Florida. Butch Herdegen has been named general manager of the Manheim Atlanta Market Center which includes Manheim Atlanta, Manheim Georgia, Manheim Birmingham, Rome Auto Auction and 4-Star Auto Auction.
I was watching my service manager at the time, and I thought, What do I have to do to get his job? This realization prompted him to pursue a business degree, which eventually led to management roles at Carquest and Canadian Tire. At the former, Kuczynski managed corporate and independent stores across Ontario. Thats up from 26.3
Improved Recall Management with OTA Remedies: Over 33% of vehicles recalled in 2024 can be fixed via OTA updates, up from 21% in 2023, reflecting the industry’s shift toward more efficient and customer-friendly recall solutions. In 2022, the manufacturer issued 8.7 million recalls, but by 2024, this number dropped to 4.1
According to NHTSA, Hurricane Ian in 2022 affected up to 5,000 EVs. With proper training, tools, and protocols, we can manage the risks—and protect lives. EV manufacturers design batteries to be waterproof, but long-term exposure—especially to salt water—can breach the casing and trigger failures. Salt water worsens the issue.
The Croatian electric hypercar managed the feat in 29.93 That means the Nevera R tops out 12 mph higher than the standard Nevera, which had set the EV top speed record in 2022. Its also a tick better than what the Bugatti Veyron Super Sport managed. seconds, beating the previous record holder, the Koenigsegg Regera , by 1.56
“We are regularly expanding our line of precision-engineered aftermarket kits and have coverage for almost 200 million vehicles on the road,” said Jerry Reeves, head of product management at Dayco, who added that the company is launching 60 part numbers this year alone. Watch the video here. Complete warranty details can be found here.
The 3rd generation Toyota Tundra, first introduced in 2022, was a significant upgrade over the 2nd generation truck. Understanding these common issues on the Toyota Tundra can help owners proactively manage their trucks for long-term reliability. This new model featured a bold design, improved performance, and advanced technology.
21-23, 2025 San Diego, CA Popular Topics Fleet in Flux: Costs, Tariffs & Regulations Reshape 2025 Fleet in Focus: Mikhaila Baldwin Inaugural Survey Highlights Fleet Managers’ Top Challenges & Priorities Where Is Fleet Growing? Search Search Telematics Safety Resources More Topics Oct. Heavy Duty includes chassis and cutaways.
The recall management platforms 2024 Recall Report found 27.7 As safety concerns continue to mount, the need for stricter quality assurance measures and proactive recall management is more pressing than ever. million in 2022 to 4.6 million vehicles were affected by recalls issued last year, a decrease of almost 18% from the 33.6
The great thing about an all-weather tire is that it is designed to handle any kind of weather including occasional but impactful winter weather, says Moonki Cho, Hankook Tire America product manager. All-weather tire sales grew by 19% in 2023 vs. 2022. That makes them a practical choice for many regions.
According to NHTSA, Hurricane Ian in 2022 affected up to 5,000 EVs. With proper training, tools, and protocols, we can manage the risks—and protect lives. EV manufacturers design batteries to be waterproof, but long-term exposure—especially to salt water—can breach the casing and trigger failures. Salt water worsens the issue.
Its also the first time its been this low since this same juncture of the calendar in 2022. With dealers evidently moving metal, they are finding wholesale prices to be aligned more closely with seasonal norms if managers are going to auctions to replenish inventory.
We look forward to competing again in 2025,” said GT Radial Motorsports Manager Mike Meeiem. GT Radial clinched second position in the 2022 FD Tire Cup after achieving six podium finishes. After finishing fifth in its first year, GT Radial rose to third in 2021 before securing second at the final round of 2022.
The dealership recall management platform’s Q2 2025 Recall Report found more than 7.3 Since early 2022, just 14.7% Vehicle recalls spiked in the second quarter of 2025, according to the latest report from BizzyCar. million vehicles were recalled between April and June, the most in more than a year and more than double the total of Q1.
These Hankook co-CEO appointments aim to increase management efficiency and strengthen the company’s global leadership, it said. Lee will manage global sales and marketing to elevate the Hankook brand’s premium positioning and ensure effective supply of original equipment tires for new vehicles.
As with all segments, we continue to see consumer preferences driving the changes within the grand touring tire segment, says Jin Han, product manager for Hankook Tire America. ” However, Hankook Gauge Survey found gas savings as an EV benefit consideration dropped from 58% (2022) to 36% (2024).
The agent also gives maximum visibility to managers, providing automated scoring to determine team effectiveness. Since 2022, the time an average customer spends interacting with Numas AI on phone calls has increased by 20%, indicating improvements in AI and consumers’ comfort with AI technology.
Hankook reports that 20% of consumers plan to buy or lease an EV within the next year, up from 8% in 2022; Millennials are leading in considering hybrid and EV ownership at 36%, followed by Gen X at 35% and Gen Z at 32%; While gas savings remain an appealing benefit, the percentage citing this has declined from 58% in 2022 to 36% in 2024.
We look forward to competing again in 2025,” said GT Radial Motorsports Manager Mike Meeiem. GT Radial clinched second position in the 2022 FD Tire Cup after achieving six podium finishes. After finishing fifth in its first year, GT Radial rose to third in 2021 before securing second at the final round of 2022.
of renewable electricity in 2022 to over 52% in 2023. Waste Management : There was a marginal increase in waste generation and a 6% increase in waste intensity. Additionally, TIP is both developing the ELT Management Hierarchy and promoting circular economy models to improve ELT management.
Electrical Faults and Failures Range Rovers have complex electrical and computer systems to manage all of the various systems within the vehicle, but this complexity comes at a price. Due to the cost of repairs it is important to get any problems addressed as soon as possible to avoid secondary part failures.
21-23, 2025 San Diego, CA Popular Topics Fleet in Flux: Costs, Tariffs & Regulations Reshape 2025 Fleet in Focus: Mikhaila Baldwin Inaugural Survey Highlights Fleet Managers’ Top Challenges & Priorities Where Is Fleet Growing? The index was down 24% yearly and had reached its lowest since July 2022.
Tailored to benefit dealerships and other entities that might touch a used EV, Cherokee Media Group is collaborating with Recurrent, an Emerging 8 honoree in 2022 that analyzes electric vehicle battery health.
The report noted auto dealerships reported their first quarterly earnings increase since 2022, with the seasonally adjusted annualized rate of sales up while inventory remained tight, with created sustainably high gross margins, Kerrigan Advisors said. million this year. manufacturing capabilities and financial capacity to effectively react.
While some automakers focus on managing production, many will likely maintain or even increase their seasonal incentives to attract buyers. New-vehicle incentives have been climbing for more than two years after hitting a floor in the Fall of 2022.
Global Recognition for Nexens Sustainable Tire Design Judges previously recognized the NBlue 4 Season 2 at the 2022 Red Dot Design Awards in Germany. We will continue to strengthen our brand through innovation and responsible management. “This accolade confirms our commitment to sustainability and quality.
Tailored to benefit dealerships and other entities that might touch a used EV, Cherokee Media Group is collaborating with Recurrent, an Emerging 8 honoree in 2022 that analyzes electric vehicle battery health.
Sheehey joined RTNA in 2022 as senior vice president. The future looks bright for the Ralson and Accelus brands in North America under his leadership,” said Manjul Pahwa, managing director and CEO of Ralson Tyres Ltd. Ralson Tire North America ( RTNA ) has appointed Brian Sheehey as president.
Sheehey joined RTNA in 2022 as senior vice president. The future looks bright for the Ralson and Accelus brands in North America under his leadership,” said Manjul Pahwa, managing director and CEO of Ralson Tyres Ltd. Ralson Tire North America ( RTNA ) has appointed Brian Sheehey as president.
Both were up, respectively, from each of the three prior years, according to the data set, which includes 2022-2025 figures. Tom Koenig is now trade cycle manager, which handles certified pre-owned, remarketing and company cars. Basem Tartir has been named commercial account fleet manager. million to 2.6
Global Recognition for Nexens Sustainable Tire Design Judges previously recognized the NBlue 4 Season 2 at the 2022 Red Dot Design Awards in Germany. We will continue to strengthen our brand through innovation and responsible management. “This accolade confirms our commitment to sustainability and quality.
21-23, 2025 San Diego, CA Popular Topics Fleet in Flux: Costs, Tariffs & Regulations Reshape 2025 Fleet in Focus: Mikhaila Baldwin Inaugural Survey Highlights Fleet Managers’ Top Challenges & Priorities Where Is Fleet Growing? Nominate a team that’s transforming fleet management across borders. About the Award Who’s eligible?
Perception vs. reality: Control the controllables A dealership’s performance, and its resulting valuation, is shaped by two distinct categories of factors: those within the dealers’ control, and those beyond their control: Internal levers: staffing, operations, variable or fixed revenue and profit streams, management teams.
car dealerships fell to 34% in 2021, according to JM&A’s 2022 Ultimate Guide to Dealership Growth. Turnover, too, puts prior compliance and security training ROI at risk. Average annual employee turnover at U.S. Little of this investment is for training staff on following various regulations governing the dealership’s business.
From Automotive News : "Obviously, we are managing the tariff situation day to day," Mike Rocco, CEO of Bentley Americas, said in an interview. Hino fell into trouble in March 2022 with the revelation it had been falsifying emissions and fuel economy data dating as far as 2003. After that, well, who the hell knows?
As for 2022 and 2023, its a mystery. Chrysler has managed to sell a further 488 300s. Its hard to say exactly when the last Patriot was sold before this one. I mean, Jeep didnt sell any in 2024 according to its own sales charts. According to Good Car Bad Car , Jeep sold 15 Patriots in 2021. Ram has sold a single ProMaster City van.
In Ellijay, Georgia, serious car crashes are all too common statewide—Georgia averaged about 368 traffic fatalities in 2022. In the aftermath, even those who aren’t injured must manage repairs, insurance claims, and paperwork. After a wreck, filing a claim quickly is crucial. Car accidents are often chaotic and overwhelming.
” “It’s a common belief that the employee trends that took hold during the ‘Great Resignation’ of 2021 and 2022 are over, but our study results show a more nuanced picture of the workforce landscape,” said Lambos Lambrou, CEO of human capital at Aon. Aon refers to this shift as the “Hustle Reset.”
Writer’s Guide to SEMA 2022 The 2022 SEMA Show is from Tuesday, November 1 to Friday, November 4, 2022, in Las Vegas. We are looking forward to SEMA 2022! Writer’s Guide to SEMA 2022 appeared first on R.O. The post R.O.
Brandon opened his shop in El Paso, Texas, in January 2022, and since The post Mature Automotive Shop Management Software Comes Out on Top appeared first on R.O. Brandon Aubey is the owner of Total Auto Repair, a full-service center building that is family-run and operated.
The talent gap doubled from 2021 to 2022, and a new AIA Canada report estimates the industry could be short 4,000 technicians … The post How big the technician labour gap is going to get appeared first on Auto Service World. The automotive aftermarket’s labour shortage has doubled from one year to the next and is projected to worsen.
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