FREMONT, Calif. (AP) — For Tesla, everything is riding on the Model 3. The electric car company’s newest vehicle is set to go to its first 30 customers Friday evening. Its $35,000 starting price — half the cost of Tesla’s previous models — and 215-mile range could bring hundreds of thousands of customers into the … Continued

Tesla says more than 1 million people will be buying its electric cars annually by 2020, many of them the Model 3 arriving on July 28. Given today’s electric vehicle (EV) market, that destination is still a long way off. Though it gets talked up a lot, the EV market has yet to launch. Sales … Continued

Auto lenders that sounded alarm bells about slumping car values are seeing less of a price drop than feared. Proof of the reprieve — however short-lived — is showing up in their profits. Ally Financial Inc., the bank that gets most of its revenue from auto loans, saw record adjusted earnings in the second quarter. … Continued

Asian carmakers are taking hits to their profits from having to spend more to move metal in America. Nissan Motor Co. and Hyundai Motor Co. both cited higher incentive spending in the U.S. as reasons behind a slump in quarterly profit, with a political backlash in China adding to a cloudy outlook for Hyundai, South … Continued

Cox Automotive has announce a further integration between its Motors.co.uk and Dealer-Auction.com businesses, with dealers will now be able to list newly bought stock on Motors.co.uk with just one click. The update has targeted the average time from winning at auction to advertising online, which stood at seven days, to reduce that to an instantaneous … Continued

  Cox Automotive’s Senior Director of Content and Executive Publisher Karl Brauer discusses the Tesla Model 3 launch on the Bloomberg Technology show. He joins Bloomberg to address the question:  How much demand will there be and is Tesla’s Model 3 a car for the masses? Karl compares the Tesla Model 3 to a BMW … Continued

Four years ago, Juan Flores of Cox Automotive fielded a couple of skeptical questions from dealers at a meeting where he explained a then-new online tool that lets consumers calculate the value of their potential trade-in vehicles. “So customers are evaluating their cars?” a dealer asked incredulously, wondering about the possibilities of the do-it-yourself efforts … Continued

Vehicle subscription services are emerging as a new slice of the car-sharing market, and industry leaders are still trying to figure out which model will work best: one aimed at the low-end subprime market, or high-end consumers who want to be able to drive the fanciest thing on the road. Or maybe the market will … Continued