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EV Sales Slide While Hybrids Climb
California, as usual, led the country in EV registrations in the fourth quarter, but the U.S. as a whole saw a 43% year-over-year volume decrease.
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SEARCHMENUSEARCHCalifornia, as usual, led the country in EV registrations in the fourth quarter, but the U.S. as a whole saw a 43% year-over-year volume decrease.
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GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.
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The Joint Channel Forecast Model details a strong aftermarket recovery coupled with indicators for continued growth.
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All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
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New Experian report shows ongoing impact of inventory shortage on automotive finance market, as average vehicle loan amounts and monthly payments continue to rise.
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The window to get the world’s road emissions to carbon neutrality by 2050 is ‘closing quickly,’ BloombergNEF (BNEF) says in its latest Electric Vehicle Outlook.
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The seasonally adjusted, annualized rate of sales fell to 12.81 million in May, according to Motor Intelligence.
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Gas prices hit an all-time high of a national average of $4.67 on June 1, driving consumers to consider electric vehicles, hybrids and smaller, more fuel-efficient gas-powered models.
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The Estimated Average Weekly Sales Rate has dropped down to 71% after several weeks of increases.
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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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New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s Analytics Vehicle Affordability Index.
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