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This week, CarGurus released its 2025 Mid-Year AutoMarket Review, highlighting five primary points, including the impact of tariff uncertainty, shifting inventory dynamics and evolving consumer preferences on the new- and used-vehicle market.
Well also look at the ever-increasing range of electric cars, and Chinese carmakers bets on Africa. and other automakers sharply criticized the National Highway Traffic Safety Administration, saying the auto safety regulator is impeding progress and struggling to modernize. Volkswagen Group, Hyundai Motor Co.
auto sales are up, but it probably wont last Brandon Bell/Getty Images Vehicle sales in the U.S. Thats not exactly a huge number, but its pretty significant when you consider the fact that it snapped an eight-month losing streak in one of the worlds most important automarkets. 1st Gear: U.S. Ford reported a 14.2%
General Motors spends billions developing an electric vehicle platform, the Ultium architecture , thats supposed to be the bedrock of its EV future. It proceeds to beat GM at selling its own hardware — no punchline here, just the bizarre reality of the 2025 automarket. What does Honda do?
Well also look at how Mexicos auto industry stands to keep its position in the face of tariffs, and at BYD slowing its roll. in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the U.S. From Reuters : Teslas new car sales in Europe fell 27.9% From Reuters : A U.S.
Although initially reluctant, the US automarket is finally embracing electric vehicles. Here are the 10 most anticipated EV models scheduled to hit the market in 2024 and what to expect of them. Dozens of new models will launch next year, making it hard to make a decision.
Californian startup Lucid took a bold approach for its introduction to the world, launching in 2021 with the phenomenal Air , a large electric luxury sedan that entered a small, competitive segment of the automarket.
With all the changes and challenges in the automobile industry, it’s tough to be an auto mechanic in this demanding work environment. The challenge of keeping up with the latest auto repair trends is all too apparent for repair shop owners and managers who are struggling to find and keep well-trained technicians.
automarket, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. auto industry. automarket being steered by five key themes. For the U.S. ” For 2024, the Cox Automotive Economic and Industry Insights team sees the U.S.
The Renault 5 E-Tech Electric is bringingstyle and fun back to the European automarket with a retro design that looks just as good in 2024 as it did in 1972, when the original Renault 5 came out.
As a car buyer looking for value and reliability, you might have turned your gaze towards Hyundai, a brand known for its diverse range of vehicles that cater to nearly every segment of the automarket. They play a pivotal role in ensuring that every Hyundai owner receives the assistance and care needed to maintain their vehicle.
When it comes to big-ticket auto salessuch as luxury vehicles or premium electric carsthese digital touchpoints play a critical role in shaping buyer behavior, influencing decisions long before a customer sets foot in a showroom. These range from initial online searches and social media ads to virtual test drives and online reviews.
With all the changes and challenges in the automobile industry, it’s tough to be an auto mechanic in this demanding work environment. The challenge of keeping up with the latest auto repair trends is all too apparent for repair shop owners and managers who are struggling to find and keep well-trained technicians.
In fact, the 2024 Realtor.com Housing Market and Electric Vehicle Report found three of the top 10 and eight of the top 20 housing markets for EV ownership are in the Golden State. The San Jose-Sunnyvale-Santa Clara market ranked No. In the San Jose market, the report said, one in five households has an EV and 4.9%
The latest survey, conducted immediately following the national election in early November, indicates that, while current market conditions are still viewed as weak, dealers are increasingly optimistic about the future. This significant increase suggests that more dealers believe the automarket will be stronger in the next three months.
automarket fills in another piece with the arrival of the 2025 Hyundai Sonata. liter four-cylinder helped by an electric motor and 1.62-kWh Hyundai View the 20 images of this gallery on the original article The puzzle of the 2025 U.S. Finally, the Sonata N Line gains a set of vents for second-row passengers.
automarket is very different than it was just two years ago.” But the percentage of dealers citing each decreased in Q1, with interested rates at 62% (down from 65%), the economy at 55% (down from 61%) and market conditions at 40% (down from 48%). That score has dropped steadily since its peak of 60 in Q3 2021.
7 electric vehicles. Forty-nine percent of dealers stated that covering electrical components was the most frequent reason consumers noted for selecting F&I protection products, followed by 46% who said covering advanced technology features and 45% who prioritized the need for emergency roadside services. Why the increase?
While franchises rated the overall market at 49 – just below threshold – independents gave it a 40. In addition, expectations for the market over the next three months took a tumble, with the overall index dropping from a slightly optimistic 51 the previous quarter to a hoping-for-the-best 44.
automarket is very different than it was just two years ago.” ” While the current market index, and many of the factors driving it, remains weak, the market outlook index improved significantly in Q1, jumping from 41 last quarter to 51 in Q1. automobile dealers.
In the auto business, uncertainty is the enemy — it negatively impacts sales, hurts consumer sentiment, and leaves auto dealers feeling troubled.” ” Despite the market’s perceived weakness, the CADSI showed some promising signs in Q2. While still below the 50 threshold at 36, profit perceptions have stabilized.
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