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Hybrid, plug-in hybrid, and battery electric vehicle share of the California retail market. Source: California Auto Outlook. Hybrid vehicle market share (excluding plug-in hybrids) in California increased to 7% in the first half of 2013, up from 6.2% market share. market share. market share. Despite a 0.9
Dealers think the Biden administration's EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. The publication's 2024 Dealer Outlook Survey compiled responses from 208 U.S. car dealers and dealership managers.
from 2021, according to data from the Japan Automobile Dealers Association and the Japan Light Motor Vehicle and Motorcycle Association. In 2021, China continued to lead the global automarket, with 26.27 Vehicles powered by gasoline, including hybrid vehicles, accounted for most of the new autos sold in India last year.
Maserati, the Italian luxury and performance automotive brand and the only luxury brand of the Stellantis Group, is partnering with Future Energy to electrify its dealer network. This partnership proves Maserati’s dedication to helping their dealers adapt their business processes and embrace the future of electrification.
A rare price stampede is taking place in the Chinese automarket. In the past two days, rumors have surfaced that BMW dealers are offering massive subsidies for the i3 in China, and that consumers who pay full cash for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price.
Toyota is losing out as the world’s largest automarket accelerates its shift to EVs. The Japanese automaker informed dealers that it plans to cut production in China with one of its joint ventures.
By: Sameer Fayaz Contractor | Updated on: 18 Apr 2025, 16:32 PM While you wont be able to place an order for a new Macan S or GTS, HT Auto understands that the last stocks are still available with select dealers. The Porsche Macan S and GTS have now been discontinued and have been delisted from the brands website in the Indian market.
With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said. However, orders and transaction rates did not increase significantly as consumers were in a wait-and-see mood, and auto consumer demand did not recover as expected, the CADA said.
Dealers have been somewhat unhappy with the arrangement, saying Amazon needs to do more to improve their profitability, and as part of that request, the e-commerce giant is expanding its offering to lease customers. The Amazon Autos program was in a closed testing phase until late last year, when it opened to a public beta testing phase.
Dealer bulletins have indicated that the brand is discounting the model by $6,500. This is despite the Daytona being the brands new halo vehicle and comes after weve seen numerous dealer markdowns to address a lack of demand and Stellantis offering employee discounts to the public.
People in some regions can already buy a new Hyundai on Amazon, but the online platform is considering an expansion into the used car market. Amazon Autos director Fan Jin recently told Automotive News that the move would happen soon, moving the company into direct competition with several others in the space.
The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. —Auto Alliance. SB 1234 is a good step in the right direction.
Can Honda take a bigger piece of the US automarket in 2024? The Honda Prologue is now available at most dealers, spanning all US markets. Honda and luxury brand Acura are banking on brand loyalty and new EVs, including the Prologue and ZDX, to help outpace US rivals.
Analysis of new vehicle registration data through June indicates that the overall brand loyalty rate of 51% in the US market is the lowest since August 2015. This decline in loyalty is inevitably due, at least in part, to the major declines in dealer inventory stemming from the global microchip shortage, IHS Markit said.
According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the automarket. Others likewise said that it should be the market driving EV sales, not pressure from the government.& Electric vehicles are exciting.
Volkswagen’s Scout Motors is looking to enter the electric vehicle market using a sales strategy that has proven very effective for industry leaders like Tesla. On Thursday, Scout noted that it is planning to adopt a direct sales model instead of using a conventional dealer network. autodealers.
continued] The post Number of Cars on Dealer Lots Climbing Higher & Higher Across USA appeared first on CleanTechnica. As we’ve pointed out on a number of occasions now, EV sales are actually soaring at many automakers in the USA, including at Ford, GM, Rivian, Audi, BMW, and several others.
The recent price war in China's automarket has put a new emission standard that will come into effect in a few months' time in the spotlight. CnEVPost obtained the views of several local analysts, which provide references on what impact that new emission standard will have on the auto industry.
The concern is that neither the market, nor the relevant technologies, seems ready for mass adoption. Though dealers are primarily concerned with having to engage in costly dealer refurbishment schemes designed to help sell EVs while the vehicles themselves aren’t seeing strong demand. This isn't a red or blue state issue.
CDK Global has been accused of systematically bogarting the market for dealership management services by California-based rival Tekion, with the latter having launched a lawsuit alleging that CDK is intentionally attempting to curtail any legitimate competition by withholding data. CDK's technology is outdated.
In November 2019, the luxury share of the US market was 16.1%. Porsche and Land Rover showed the most price strength in the luxury market, transacting between 2% to 6.4% Honda and Kia showed the most price strength in the non-luxury market, transacting between 6% to 8% over sticker price in November. in October.
The numbers from the California New Car Dealers Association’s new report would show that Musk is perhaps onto something. This is quite an accomplishment, considering that the Golden State is the US’ largest automarket. . The California New Car Dealers Association’s new report could be viewed below. .
Rivian, Tesla, AutoDealers, and Backwards State Laws Last Friday, I talked with Vice President of Public Policy at Rivian James Chen for our CleanTech Talk podcast series. A video recording of our one-hour discussion is now published for CleanTechnica Members, Supporters, Technicians, and Ambassadors to view on YouTube.
Tesla has continued its domination in the California automarket as the state’s New Car Dealers Association (CNCDA) has released data from the first quarter of 2025. The companys market share also dropped by 11.6 It was always expected that Tesla’s market share, which sits at 43.9
and Canada’s most commonly used autodealer management software has rendered over 15,000 dealerships unable to make sales over the past few days, and those who claim to be behind the outage are demanding tens of millions of dollars as ransom. Auto dealerships in the U.S. Auto dealerships in the U.S. dealerships.
Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. Credit: Cox Automotive Cox points to Tesla’s price cuts, incentives, and increased options for affordable EVs hitting the market as reasons for the downward trend.
Car dealers have been an issue for electric vehicle sales during this whole modern electric vehicle era. continued] The post Surprise, Surprise: Car Dealers Say Biden Moving To Fast On EVs — Dragging Their Feet Again appeared first on CleanTechnica. One of the.
Chinese auto giant Geely could soon offer Aussies another electrified 4×4 off-roader rival for the Toyota Prado. Unveiled at the Shanghai Auto Show yesterday, the Geely Galaxy Cruiser is as far from an orthodox diesel 4×4 as possible. The Cruiser is even fitted with sonar and water radar to help avoid underwater obstacles.
Impacts to global auto demand in the wake of COVID-19 have rapidly progressed to severity levels higher than the 2008-2009 recession, and significant uncertainty around prospects for a meaningful recovery remain. —Colin Couchman, executive director, global autos demand forecasting at IHS Markit. market sales forecast is 12.5
Photo credit: Standret / Shutterstock.com The auto industry has seen a rebound in customer satisfaction with dealer service experiences this year, marking a positive shift. However, dealers are still facing challenges due to shortages in parts and labor, which have contributed to increased wait times for service appointments.
Stellantis pulled out of last year’s Los Angeles Auto Show and the Specialty Equipment Market Association (SEMA) trade show , stating that it was trying to save money amid the now resolved UAW strike. Stellantis says dealers can decide if they want to make an appearance at subsequent trade events while corporate takes a pass.
Penske had previously bought Don Allen Auto Service Inc. While best known for its commercial trucking services, Penske has been ramping up dealer acquisitions, buying out trucking rivals and trying to expand its already sizable footprint in both Europe and Australia. in Massachusetts. While net income declined, annual revenue has not.
More than 40 years ago, Bosch brought the world’s first production-ready ABS for cars into the market. Prospective customers should check whether the new eBike ABS is installed when purchasing an eBike, or talk to their specialist dealer, as this cannot be retrofitted.
Following the departure of four high-profile executives at Stellantis North America, some dealers are growing concerned about the company’s direction. Considering these factors, the departures have raised additional questions from dealers. “That is no cut on some of the people that are coming into the roles behind them.
Even as sales of small cars drop in California and across the country, sales of electric cars continue to climb, breaking past 5 percent of the market so far in 2019.
inch central infotainment screen, an 8-inch infotainment screen for the second row (Plus version), windshield HUD, auto-dimming outside rearview mirrors (Plus version) and many other premium options. The VF 9 is also equipped with level 2 ADAS and Smart Services.
Neta – the EV brand of China’s Hozon Auto, is making strides to begin selling its vehicles in Mexico this year. The automaker recently signed multiple partnerships with dealers and financial institutions in the country to enter the local market to the South as early as Q4 2024.
In an event combining a first-customer ceremony and a media drive, Tustin (California) Hyundai’s Dealer Principal, John Patterson, handed over the keys to Hyundai’s first mass-produced Tucson Fuel Cell crossover ( earlier post ) to Timothy Bush, the first Hyundai Fuel Cell customer, with Hyundai executives in attendance. Click to enlarge.
Dealers are often the first group to sound concerns when something changes in the auto industry, whether they’re justified in their complaints or not. The group placed an ad in the April 15 issue of Automotive News and has collected support from all 50 state and 21 metro-area dealer associations.
The research by the automotive intelligence firm Blue Flag found the New Vehicle Efficiency Standard (NVES) that came into force from January 1 2025, could levy fines on auto brands as high as $2.8 Either cost would result in vehicle price rises and potentially drive brands out of the Aussie market if profitability is judged impossible.
Weaker-than-expected demand in China is partly responsible, but the main driver has been the ongoing avalanche of new supply into the market, as plentiful cheap spodumene meets ample conversional capacity in China, the CRU analysts said. y/y increase but nonetheless lower than expected by the market. —CRU.
(Image credit: CnEVPost) Low consumer sentiment in the wake of the Covid wave has led to weak auto sales in China, though the situation is expected to see relief in the second quarter, and the launch of new models and lower lithium carbonate prices are also encouraging, according to Deutsche Bank. million to 1.75
Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China's AutoDealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.
Arriving in spring 2022, F-150 Lightning will be available in four series and two battery options at more than 2,300 EV-certified Ford dealers across the country, with the option for fleet customers to access Ford’s complete ecosystem of connected data and telematics services via Ford Commercial Solutions. America’s No.
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