This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Shopping for a new car has become more satisfying, according to a new study. The 2024 Car Buyer Journey (CBJ) Study by Cox Automotive said these high lelevls of satisfaction are being driven by advancements in digital tools that seamlessly integrate online and in-dealership activities.
The automotive industry is undergoing a generational transformation with the continued use of electricvehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles. This technology makes EV’s the perfect car for environmentally based consumers.
The automotive industry is undergoing a generational transformation with the continued use of electricvehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles. This technology makes EV’s the perfect car for environmentally based consumers.
High initial costs, range anxiety and lack of charging options are keeping many away from considering buy an electricvehicle, a recent survey found. A recent survey from Refused CarFinance found that 66 per cent of respondents in the … The post Why some won’t buy an EV appeared first on Auto Service World.
Electricvehicles (EVs) have become a significant part of the automotive school landscape, driven by technological advancements and growing environmental consciousness. Currently, the province provides up to $7,000 for new fully electricvehicles, $5,000 for plug-in hybrids, and $3,500 for used EVs.
Digital-First Customer Journeys With the rise of online shopping, modern car buyers often complete a significant portion of their researchand sometimes even their purchasebefore ever setting foot in a showroom. Todays consumers demand clear information on financing, vehicle history, warranties, and trade-in values.
An analysis of British road traffic accidents in a recent study concluded that battery electricvehicles and hybrids are significantly more likely to strike pedestrians than gas or diesel vehicles. According to data compiled from 32 billion miles of BEV and HEV travel and over 3 trillion miles traveled in gas and… Read more.
These days, it seems like all the desirable, interesting cars are staying expensive instead of getting cheap so they can ruin the finances of normal people willing to roll the dice on maintenance and repairs. Those may be bad decisions, but we at least want the opportunity to make them, dammit. The BMW i8 , on the Read more.
Electricvehicles appear to be losing some juice with consumers, if AAA research is taken at face value. adults report being very likely or likely to purchase a fully electricvehicle (EV) as their next car. adults report being very likely or likely to purchase a fully electricvehicle (EV) as their next car.
Why Consider ElectricCars? Pros Explained Electriccars have become a hot topic in the automotive world. By considering the pros and cons of electriccars, you can make an informed decision about whether they are right for you. How Do ElectricCars Benefit the Environment?
Do electricvehicles really offer a lower cost of ownership than gas-powered vehicles? The study analyzed eight cost factors to calculate vehicle cost of ownership: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs. Thats actually up from three the previous year.
As electricvehicles (EVs) continue to gain popularity, it is crucial for automotive retail businesses to understand and cater to diverse consumer segments. The motivations women may choose electricvehicles are varied but often revolve around environmental consciousness, cost savings, and technology adoption.
Managed by the new Stellantis Charging and Energy Business Unit, Free2move Charge addresses electricvehicle customer needs at home, in their business and on-the-go. “As Free2move Charge Home delivers private customers support with installation, financing and warranty of home charging and other energy hardware and services.
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 47% who project used-car profitability was well above the 21% who did so a year earlier.
These challenges might cause buyers to reconsider buying both new and used vehicles. In addition, the government’s decision to reenact student loan payments might put additional pressure on new car sales, particularly among younger demographics. million used vehicles will be sold in the U.S. in 2023, down slightly from 36.2
Norway has been the poster child for the electricvehicle transition. EVs have outpaced gasoline-fueled cars in sales for the past few years , encouraged by generous subsidies and an expansive charging network. However, the country is beginning to realize the combustion versus electric struggle doesn’t exist in a… Read more.
As it turns out, car dealers seem to know even less than buyers do when it comes to electricvehicles , and they don’t really seem too keen on learning about them.
Good morning! It’s Wednesday, May 22, 2024, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
Electricvehicles aren’t cheap yet. I mean, to be fair, no cars are cheap anymore with an average transaction price above $48,000 , but now “luxury” EV makers looking to capitalize on a market looking for cheaper all-electricvehicles.
Norway is leading the entire world when it comes to electricvehicle adoption. Nine out of ten cars sold in the Nordic country in 2024 were powered by electricity. That puts the country well on track to hit its goal of only adding EVs to the road in 2025.
Just over 10 percent of Canadian new car buyers this year chose to buy a battery electric or plug-in hybrid electricvehicle. million new cars, trucks, and SUVs… Read more. According to CTV , the exact number is 10.3
Cox Automotive ‘s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. At 80%, new electricvehicle (EV) buyers continue to report the highest levels of satisfaction with the process.
The automotive industry is experiencing a noticeable shift in consumer behavior and market dynamics, particularly in regard to finance and insurance (F&I) products. The rise of electricvehicles (EVs) and hybrid plug-in sales is another factor shaping the F&I landscape. With 17.3% While only 5.5% With 25.6% Only 10.1%
Oh, happy days: Mercedes-Benz seems to be getting rid of its silly and convoluted electricvehicle naming scheme in favor of unifying both gas-powered and EV variants of its cars under one nameplate. That means the EQS name is going away, and it’ll be replaced with the “S-Class” nomenclature. Read more.
For as long as there have been electricvehicles, their critics have disingenuously argued that it’s impossible for EVs to ever take hold in the U.S. until the working class can afford to drive them. Despite that not having been a prerequisite for the proliferation of pricey trucks and SUVs, it’s been a pervasive… Read more.
The pre-owned car market is still in a weird place. Some segments like electricvehicles have some hefty savings , but most pre-owned cars are still selling for inflated prices. If you happen to come across a used car that seems too good to be true, make sure the dealer can answer these questions. Read more.
More and more people are buying their cars with cash , and it’s almost entirely because high interest rates have made auto loans miserably high. Both gas-powered and electricvehicles saw double-digit rises in the number of folks who bought them with cold, hard cash , according to Automotive News. Read more.
Electricvehicles are becoming more prevalent on roads around the world, and traditional automakers are constantly rolling out new EV models. However, there’s clearly a desire to make what’s old new again. Enthusiasts are devoting their time and money to EV restomods , and manufacturers are reviving nameplates for new… Read more.
Automakers across America have plowed millions of dollars into their electricvehicle strategies in recent years. Whether it’s new product development, engineering to create lighter, more powerful motors or investment in new factories, they’ve all spent a small fortune. Now, it turns out that cost may not be paying… Read more.
The depreciation of electricvehicles is far steeper than data showed just last year. This is a sharp shift from when electriccars were projected in December 2023 to lose half their value in three years. EVs can now lose up to half their value over a single year, based on recent observations.
But the used market for electricvehicles is cooling off quickly , which means even a… Read more. A lot of buyers are still not jumping on the EV bandwagon for two key reasons: First, our charging infrastructure still kind of stinks , though there are slow steps toward improvement. Second , EVs for the most part, are expensive.
Good morning! It’s Friday, April 5, 2024, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
Automakers have gone to great lengths to make their electricvehicles feel a bit less alien. There are some that have created synthetic engine notes to pipe out their non-existent exhausts, while others have even simulated manual gearboxes to replicate the shudder of a sharp gear change. Now, Stellantis is looking… Read more.
The Nio ET7 is already one of the highest-range electricvehicles available globally, with its 100-kWh battery pack option giving the large Chinese sedan a range of 435 miles on the European NEDC cycle (which is more optimistic than the EPA cycle). Now the ET7 is offered with a huge 150-kWh semi-solid-state battery… Read more.
Lucid CEO Peter Rawlinson seems to understand that the electricvehicle technology his young automaker builds is pretty much second to none , and thats why he wants to start licensing it to other car companies. Its a smart play. Ive driven pretty much every EV platform you can buy in the U.S., and Lucids very well Read more.
Vehicle leasing has returned to a spirited level of activity on dealer lots this year. However, leasing requires a close review of a car shopper’s credit. of new vehicle purchases in Q1, compared with 19.3% in Q1 2023, according to Experian’s Q1 State of the Automotive Finance Market Report. Leases made up 24.1%
Plug-in hybrids are proving to not be the transitional bridge between gas-powered cars and electricvehicles many folks were hoping for. That’s a damn shame because when used properly, PHEVs are absolutely fantastic.
As far as legacy automakers go, Jaguar was relatively early to the electricvehicle game with the I-Pace. And the I-Pace was just the first step toward Jaguar going all-electric. It was never a big seller, especially not here in the U.S., but it did exist. Instead of continuing production of the rest of its lineup… Read more.
The transition to electricvehicles is supposed to be a matter of when not if. Manufacturers have had supply issues building electricvehicles as well as trouble actually selling the ones they have… Read more.
Despite their popularity in Europe and Asia, tiny cars have never been able to get a foothold stateside. Now, with the advent of electricvehicles, they’re getting even more popular overseas , but our attitudes toward them over here aren’t changing. Minicars and microcars aren’t a thing in the U.S. Read more.
market , has a new feature for electricvehicles that just makes too much sense. Instead of relying on a separate cable to juice up your car, one that you probably leave plugged into the socket in your garage… Read more. Fiat’s new bargain-priced Grande Panda EV , recently released in Europe and potentially headed to the U.S.
After worries about charging and range anxiety , the biggest issue many car fans have with electricvehicles is that they’re no fun to drive. They argue that one-pedal driving , regenerative braking and no real gearbox to play with makes them soulless.
Tesla boss Elon Musk has been promising an entry-level $25,000 electricvehicle for six years. He first mentioned the possibility of the car in 2018, saying it would happen within three years, then doubled down on the idea at Tesla’s Battery Day in late 2020.
The Federal Trade Commission has finalized a new rule to fight two common types of illegal tactics consumers face when buying a car: bait-and-switch tactics and hidden junk fees. billion and an estimated 72 million hours each year shopping for vehicles. The new rule is expected to save consumers nationwide more than $3.4
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content