Electric vehicles (EV) might receive significant consumer and media attention, but they only represent a small portion of new-vehicle sales each month. That is expected to dramatically change over the next 5-10 years as OEMs invest their research, development and…
PLYMOUTH, Mich., Sept. 10, 2019 – Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. In addition to the investment, the companies will explore partnership opportunities in digital retailing, service operations and logistics.…
A look at year-to-date new car prospect traffic on Autotrader.com compared to the same period last year shows the top five growth segments (among 17 mainstream segments) in share of overall traffic are all small to midsize SUVs and trucks. It’s…
Atlanta, GA. – September 10, 2019 – With new-vehicle sales declining, it’s more important than ever that dealers seize the opportunity to close every deal. To do so means providing a flexible, customer-friendly car buying experience, which in today’s automotive…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.62% month-over-month in August. This brought the Manheim Used Vehicle Value Index to 141.3, a 1.2% increase from a year ago and a record high for the…
The stock market kept its winning streak alive with gains for a second week, mainly as a result of optimism about progress with U.S.-China trade talks since a meeting is being planned to continue negotiations in October. The market seemed…
Combined rental, commercial and government purchases of new vehicles were up 23% year over year in August, and up 18% month over month. The commercial (+10%) and rental (+45%) fleet channels were up in August. Automakers like Fiat Chrysler Automobiles, General Motors…
Our August U.S. auto sales forecast called for the month to finish at 1.59 million, up 6.5% from last year, or an increase of nearly 100,000 units. Several of the reporting automakers posted numbers above our forecast with numerous models achieving “best-ever August”…
Fiat Chrysler Automobiles is ending production of the Fiat 500 and electric 500e in North America – with good reason. FCA said it will wind down production of the models at its plant in Toluca, Mexico, and sell off the…
As expected, the United Auto Workers union chose General Motors as its strike target in the current negotiations for a national contract to replace the one that expires September 14. As a result, the UAW will focus its negotiations with…
