Volkswagen AG to List Porsche Automaker
The automaker will stick to its plan to list its Porsche sports-car maker later this year as to finance its pivot toward electric vehicles (EVs).
The automaker will stick to its plan to list its Porsche sports-car maker later this year as to finance its pivot toward electric vehicles (EVs).
Sporty Cars traditionally decline during this time of year, but the segment is still reporting increases with an average weekly increase of +0.24% over the last eleven weeks.
GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.
The Joint Channel Forecast Model details a strong aftermarket recovery coupled with indicators for continued growth.
All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
New Experian report shows ongoing impact of inventory shortage on automotive finance market, as average vehicle loan amounts and monthly payments continue to rise.
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.
The seasonally adjusted, annualized rate of sales fell to 12.81 million in May, according to Motor Intelligence.
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.
The Estimated Average Weekly Sales Rate has dropped down to 71% after several weeks of increases.
Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
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.
The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.
Inventory shortages have vehicle lessees re-evaluating their end-of-lease options.
More than 160 dealers, agents, and industry executives took part in the inaugural West Coast Compliance Summit, one of three concurrent events featured at Industry Summit 2016. And more than 80 of them successfully completed the event’s compliance certification component.
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