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Fuel retailers view electricvehicle charging as a critical part of their future business, according to a new survey. are projected to be electric by 2035, potentially reducing national fuel consumption by 2.5 The Konect survey showed that fuel retailers are already recognizing these benefits.
Key markets in the electricvehicle transition are falling behind in their stated goals for public charging infrastructure, according to the latest figures. This deficit in EV charging points represents a considerable opportunity for fuel retailers. Europe, and the U.K.
The Ecsta Sport A/S features KUMHOs K-NOISE DEFENDER technology and is compatible with electricvehicles with wheels ranging from 16 to 21 inches. The tires multi-purpose designs make them ideal for high-horsepower vehicles driven at fast speeds. This means quicker steering and more precise cornering. Sponsored by Kumho Tire.
The Ecsta Sport A/S features KUMHOs K-NOISE DEFENDER technology and is compatible with electricvehicles with wheels ranging from 16 to 21 inches. The tires multi-purpose designs make them ideal for high-horsepower vehicles driven at fast speeds. This means quicker steering and more precise cornering. Sponsored by Kumho Tire.
For Canadian automotive jobbers, warehouse distributors, and parts retailers, the path to sustained success lies in the judicious selection and implementation of trends that demonstrably offer tangible operational and financial benefits, all while steadfastly maintaining core business integrity and established customer relationships.
Modern vehicles are becoming sophisticated digital hubs on wheels. As in-vehicle entertainment and information systems continue to evolve, technicians must be equipped with both foundational skills and the adaptability to handle cutting-edge features. In-vehicle e-commerce is a trend explored during automotive tech training.
As dealers face rising complexity in inventory management, pricing and profitability, especially with the 25% tariff on imported vehicles, machine-driven technologies are stepping in as vital tools not just to handle data, but to make better, faster business decisions.
The shop is involved in the electricvehicle space , with public chargers at the shop and an array of EV-related services, as featured in the Fall 2024 issue of EV World. Scott’s commitment to innovation and community aligns perfectly with our values.
After a decline in overall satisfaction in 2024, owners of both premium and mass market battery electricvehicles (BEVs) are expressing a change of sentiment this year, according to a recent study. ElectricVehicle Experience (EVX) Ownership Study showed that BEVs reached a market share of 9.1 Power 2025 U.S.
Wholesale used-vehicle prices (on a mix, mileage and seasonally adjusted basis) fell in March compared to February. The Manheim Used Vehicle Value Index (MUVVI) dropped to 202.6. “Used retail demand remained strong throughout March, with days’ supply ending at low levels, driving healthy activity at Manheim.
The study highlighted the growing satisfaction among electricvehicle (EV) buyers, who are leading the way in satisfaction during the car-buying process. ” New-vehicle buyers reported a record 75 per cent satisfaction rate with the overall shopping experience, the highest in the study’s history.
Key markets in the electricvehicle (EV) transition are falling behind in their goals for public charging infrastructure, according to McKinsey. However, the industry must address key blockers to effective service for fuel retailers to build a reliable and profitable EV charging business. The data reveals that the U.S.,
The ElectricVehicle Advisory Council (EVAC), part of the Tire Industry Association ( TIA ), has introduced an EV hybrid glossary. The purpose of the glossary is to help industry professionals, legislators, and regulators understand the electric and hybrid vehicle landscape. It can be accessed online.
Pickup trucks and electricvehicles/hybrids. But in June, they have dominated used-vehicle price increases. Carfax attributes their price surge to a combination of longtime popularity, pandemic-driven used-vehicle supply challenges and all-time highs in new pickup prices.
Dealership service department customer satisfaction was strong in 2024 though a bit less so for owners of electric and plug-in hybrid vehicles. Electrified vehicle owners averaged 51 points less among mass-market vehicles and 57 points less in the premium sector, which J.D. Powers 2025 U.S. In a news release, J.D.
Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in May compared to April , according to the Manheim Used Vehicle Value Index (MUVVI). Looking at the market by powertrain, electricvehicle (EV) values increased by 3.1% The index declined to 205.2,
Graphic: Cox Automotive The average new-vehicle transaction price (ATP) in May was mostly unchanged from April, as the new vehicle sales pace slowed, according to new data released June 10 from Cox Automotive’s Kelley Blue Book. Compared to May 2024, new-vehicle transaction prices were higher by 1.0%. million from a pace of 17.3
Electrified vehicles including the battery-electric, plug-in hybrid electric and hybrid electric segments made up nearly a quarter of all new-car sales in the U.S. Thats according to the latest quarterly Electrified VehicleRetail Sales Report from Urban Science. from the first three months of 2024.
The analysis of the retail prices of 1.4 Tesla has been one of the most profitable automakers in the world in recent years, but the ongoing drop in its new and used vehicle values, along with sagging sales, will be a drag on revenue and profit. For most used cars, anyway. Ten used models dropped more than 10% in price year-over-year.
Industry observers releasing wholesale vehicle price indices last week noted uncertainty and surprises in the market to begin the year. At Black Book, the Used Vehicle Retention Index came in at 146.3 Unresolved issues include tariffs, interest rates and incentives for electricvehicles. last month, down 1.2%
Here’s the problem: Most people pick the wrong SUV because they don’t know how to match their real needs with the right vehicle. Their strategy of offering multiple powertrain options has paid off big time – their electrified vehicle sales jumped 38% in 2024. Why waste time and money figuring out what works?
While the lack of public charging facilities is one of the most cited reasons by consumers for not considering an electricvehicle, most EV owners say they dont need or use them. Saving money on fuel was the top reason cited for buying an EV, but surprisingly, vehicle style and performance came in at No.
The year-over-year growth isn’t quite as steep as it was in prior months, but used electricvehicles are still flying off dealership lots and auction yards, according to respective analyses from Cox Automotive and the National Auto Auction Association. In its latest EV Market Monitor, Cox Automotive reported there were.
Power , launchingthe Commercial ElectricVehicle (CEV) Hub on Comvoy , a pioneering resource specifically designed to support the electrification of commercial fleets. Power has made online electricvehicle resources available to retail shoppers,however these did not include tools for businesses. For years, J.D.
million new-vehicle sales for the year, up 1.2% Battery ElectricVehicles growth is estimated to increase, interest rates are becoming more favorable for consumers and an optimistic economy bodes well. At the same time, without process improvement, the profitability per vehicle (PPV) of the used car will continue to evaporate.
The retail supply of used electricvehicles last month was at its lowest point in nearly three years and down 11% from May 2024, suggesting rising consumer demand that could “reshape pricing and remarketing strategies” in coming months. And though they remain a small piece of the overall pre-owned vehicle market, grabbing a 2.2%
The National Automobile Dealers Association (NADA) Show, which will be held in New Orleans in January 2025, is one of the most impactful events in the automotive retail sector. From new vehicle models to advanced accessories and dealership software, the exhibit floor provides a hands-on opportunity to explore innovations.
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. Since we began tracking interest in fully electricvehicles, weve seen some variability, AAAs Greg Brannon said.
is joining forces with Lyteflo to elevate electricvehicle (EV) merchandising for car dealerships. VDP Data Enhancements : Elevate vehicle listings with rich EV-specific metrics like charge times, battery warranties and connector types. DealerOn Inc.
This week, CarGurus released its 2025 Mid-Year Auto Market 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. These pressures have amplified what car shoppers demand most: affordability and efficiency.
but they may be surprised to know that depreciation can be one of the biggest expenses they will encounter while owning a vehicle. Many new-car buyers do not realize that depreciation often is the greatest expense incurred by drivers during the first five years of vehicle ownership. Resale value for new vehicles can vary greatly.
New-Vehicle Sales Index Unchanged from Q4, Higher Year Over Year Franchised automobile dealers reported a good sales environment during the survey. The Q1 new-vehicle sales index remained at 54, higher than last year’s 52. The new-vehicle inventory index peaked at 75 in Q1 2024.
Apollo Aspire 5 Designed for Luxury and ElectricVehicles The Apollo Aspire 5 is available in sizes ranging from 17 to 20 inches, catering to most luxury vehicles in the market. The tire is also ready for electricvehicles, Apollo said. Performance today goes beyond speed. Performance today goes beyond speed.
With the average price of new vehicles hovering around $48,000 and interest rates for auto loans reaching their highest levels in decades, many potential buyers found themselves priced out of the market. Vehicle service contracts emerged as a focal point. However, significant opportunities for growth and innovation remain.
Yes, you are individuals who compete against each other and thats a good thing, Castriota said to a room of thousands of dealers, managers and automotive retail industry leaders in New Orleans. auto retail industry and franchised dealer network. But you are also part of something bigger the U.S.
The automotive dealership model is constantly facing change, especially in the types of vehiclesretailers can service. In particular, as the commercial vehicle market shifts toward opportunities for electrification within their vehicle fleets, local dealerships are being called upon to do more than sell vehicles.
That means clearly understanding different auto parts, their functions, and how they work with various vehicle models. On your resume, you can mention the range of parts youre familiar with, such as brakes, filters, suspension components, or electrical systems.
With an emphasis on retail, remarketing, and auto finance, Zadeits said this event is designed to offer a more focused networking experience for business-building conversations and stronger connections. Part of that expansion is multiple conversations and presentations focused on used electricvehicles.
The report highlights Ford’s surge, electricvehicle (EV) sales improvements and Lexus’ continued dominance in customer perception. This is a retail revolution in motion.” The company analyzed reviews from nearly 18,000 U.S. dealerships during the first quarter of 2025. But the learning curve is still real.
As incentives tail off but growth remains, heres how automakers plan to find success with consumers in the ZEV market and the role of PHEVs in the reconfigured environment The zero emission vehicle market has cooled down but that doesnt mean there wont be growth in the market. per cent of new vehicle registrations. Thats up from 16.5
The report noted the reversal of a trend that showed up in 2024, when reviews of electricvehicles included complaints about the dealership sales staff’s knowledge 76% more often than reviews of gas-powered vehicles. This is a retail revolution in motion.” And that’s the holy grail of brand-building.”
Apollo Aspire 5 Designed for Luxury and ElectricVehicles The Apollo Aspire 5 is available in sizes ranging from 17 to 20 inches, catering to most luxury vehicles in the market. The tire is also ready for electricvehicles, Apollo said. Performance today goes beyond speed. Performance today goes beyond speed.
Indianapolis-based Best-One of Indy has transformed what could be routine vehicle service into an experience that puts people first, whether those people are customers walking through the door or technicians working in the bay. In 2019, Best-One of Indys expansion efforts led it to Columbus, Indiana, where it acquired Frank Anderson Tire.
Factors Affecting Cost The following factors can affect the total bill: Vehicle make and model: Factors like the location of the damaged part and how many components need to be removed to access it can increase labor time and expenses. Disconnect the battery before any disassembly to avoid electrical hazards. Reconnect the battery.
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