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Those issues can allow criminals to steal data or the vehicles themselves. While AI enhances in-car features and operational efficiency, it also introduces fresh vulnerabilities that challenge traditional security methods, VicOne said. The full report can be downloaded here. The post Cyberattacks cost auto industry $22.5B
Owners of electricvehicles are ready to come back for more. And among Tesla drivers and EV drivers age 65 and older, more than 90% of the respondents said their next vehicle would likely be an EV. What seem like scary issues for some people considering an EV become non-issues after going electric.”
The mix of used-vehicle inventory at the time of the survey was good, according to both franchised and independent dealers. Mixed Views on ElectricVehicle Sales and Market Expectations Dealers’ views on electricvehicle (EV) sales improved in Q1 compared to the previous quarter and last year.
The report cited its December survey of more than 1,000 consumers to show preference for SUV and trucks has dropped slightly SUVs down from 44% in 2023 to 43%, trucks from 9% to 7% and crossovers from 8% to 6% while car segments rose in popularity. The full report can be downloaded here.
The latest numbers from Cars Commerce show a new-car market in flux, with prices falling as excess inventory builds up. In the used-car world, on the other hand, all is calm and steady. The age of those used cars is steadily increasing, which means consumers are now getting an older car for the money than they had before.
As electricvehicle prices fall, total loss claims rise. Parts utilization and repair: With no strong inventory of aftermarket and recycled parts, EV collision repairs are more likely to include OEM parts than those for gas cars. The full report is available for download here.
The average incentive package on a new vehicle was higher by 44% compared to December 2023, when incentives equaled approximately 5.5% Data tables are available for download. The post Report Shows Average New Vehicle Prices Climb Higher for Fourth Consecutive Month appeared first on AutoSuccessOnline. year over year to $65,667.
It might not be an earthquake, but the landscape of electricvehicles is beginning to shift. of EV owners who replaced their vehicle in the past 12 months did so with another EV, while 16.2% transitioned to a gas-powered vehicle and 3.2% In general, though, EVs seem to be a complement to gas cars. in Q2 2023.
The study’s results are based on a survey conducted in the second half of 2023 of 2,493 vehicle owners — including 182 electricvehicle owners — who had at least one service performed in the previous 12 months, accounting for more than 5,500 service visits. for the average gas vehicle. times with 2.8
It is designed for users to find and purchase new and used cars of all brands available at the AWIN dealerships, manage, save and sync their purchases, access and download the manufacturers’ apps, connect with roadside assistance, ElectricVehicle travel assistant and much more. Click here to download. “
Experts mentioned two specific challenges for the electric-vehicle space, including: —MSRP reductions: Significant price cuts in new BEVs, particularly by Tesla, affected used BEV market values. Inflated MSRPs and Incentives: Average new-car incentives reached 4.6% of MSRP, a modest rise but still far from historic highs.
ElectricVehicle Sentiment Declines as Policy Uncertainty Looms Dealer optimism toward electricvehicle (EV) sales in Q4 was mostly unchanged from Q3 at 43 overall. ” The survey also asks dealers to rate new-car sales and used-car sales separately, along with various key drivers, including consumer traffic.
In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. The full results can be downloaded here. Of course, that’s not necessarily a good thing.
Dealers are Preparing for an Increase in Electric-Vehicle Service Dealerships in the U.S. are gearing up for a rise in electricvehicle service as EV sales are expected to surpass 1 million units in a year for the first time in 2023, the Cox Automotive study shows. .
On the other hand, independent dealers scored the current used-vehicle market at 38 – an improvement from last year and last quarter – but still indicating that a majority of independent dealers perceive the used-vehicle market as weak. Download the full results of the Q2 2024 Cox Automotive Dealer Sentiment Index.
ElectricVehicle Sales Index Drops to Record Low When asked how EV sales compare to one year ago, a majority of dealers say they are worse, not better. ” The survey also asks dealers to rate new-car sales and used-car sales separately, along with various key drivers, including consumer traffic. The post U.S.
Steps that mainly occur online (or a combination of online and in-person) include researching what vehicle to buy (81%), assessing the value of a car to be sold (77%), and getting offers to sell a car (69%), according to CarGurus. More young buyers purchased their first car in 2023.
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