FCA released Q1 financial results today, Friday, a day often saved for bad news. And while the news is not all bad, it was not great either. Ford and General Motors shared Q1 results during the past week and both…
April auto sales are being reported today, with many auto makers posting numbers lower than year-ago levels. At this point, overall April 2019 volume appears to be below our initial forecast of a 1.0% increase over April 2018. Considering market…
Incentives can seem like a Rubik’s Cube. Discounts and rebates — triggered by numerous factors — are like the moving puzzle parts that eventually result in a quoted price for consumers. There is customer money, dealer money, lease discounts, spiffs…
Atlanta Business Chronicle, April 29, 2019 – Georgia Public Service Commissioner Tim Echols writes about his journey to a Tri-County EMC electric vehicle event in Milledgeville, Georgia, via a Chevy Bolt, a new moderate-range electric car, rented as part of the Lyft EV…
CBT News, April 29, 2019 — According to a new study released by Cox Automotive, budget-minded, time-strapped, tech-savvy U.S. car buyers are spending a higher percentage of their shopping time online and less total time in market as they hunt for…
Ford surprised analysts with better-than-expected earnings. Will General Motors do the same? We’ll find out when GM reports first-quarter financials before the stock market bell rings on April 30. In Q1, GM’s U.S. sales fell 7% while the overall U.S.…
First-quarter economic growth blew away estimates and reversed a downward trend of the past couple of quarters, but beneath the headlines, consumer spending and business investment growth are weakening. Growth improves: First-quarter real GDP growth was much better than expected…
Automotive News, April 27, 2019 – For the used-vehicle market, 2019 got off to a slow start before finally getting a spring bounce. While this is a typical pattern, January and especially February were both slower than usual this year, analysts…
ATLANTA, April 25, 2019 – Following surprisingly-high March sales, Cox Automotive is forecasting April U.S. auto sales to cool off to 1.37 million units, a 1% increase over last year’s volume. However, because the number of selling days increases from 24…
This morning in Dearborn, Ford Motor Company confirmed plans to invest $500 million in Rivian, a Michigan-based electric vehicle startup. The investment places Ford among the largest investors in the privately-held company. Rivian has been in the spotlight recently, with…
