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War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
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SEARCHMENUSEARCHCox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
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The shortage of traditional wire harnesses could accelerate automaker plans to move to lighter, machine-made harnesses used in EVs.
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The state inked deals with Rivian and Hyundai Motor Group for two EV factories to bring in over $10 billion in auto industry investment and 15,000 assembly jobs.
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The company will be fully integrated into the Quantum5 family of brands and represents the industry’s most comprehensive culture analysis to date for better training results.
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Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
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Toyota Motor Corp will cut global production by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage.
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High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.
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The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.
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S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.
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The 2022 Working Relations Index shows Toyota in first place, with Honda rapidly closing in.
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Notable recent auction sales include a 2017 Ferrari LaFerrari Aperta.
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