Auto Industry Reacts to Tesla Price Cuts (PDF) Most automakers are holding their prices firm and introducing more affordable models later, while a few, such as Ford, have responded to Tesla’s price cuts of up to 20 percent. It’s still too early to call it an electric vehicle price war,
Auto Suppliers May Face Another Tough Year (PDF) We might be in for a fourth year of challenges and setbacks for suppliers. As parts suppliers navigate the uncertainty in the new-vehicle market and the economy, it’s already shaping up to be another bumpy year as inflation and rising interest
Auto Market Update Week Ending Jan 28, 2023 (PDF) For the second consecutive week, the Sporty Car segment has reported an increase, indicating an early sign of a potential Spring market bump. Additionally, the older, 8-to-16-year-old vehicles report lower depreciation, -0.27%, compared to -0.50% for the 2-to-16-year-olds. Compared with
Auto Incentives and Rebates Week Ending Feb 4, 2023 (PDF) The purpose of consumer incentives and rebates is to boost sales of a particular vehicle through dealerships at a specific time of year to benefit all parties. The following list provides guidance to consumers who want to take advantage
Auto Incentives and Rebates Week Ending Jan 21, 2023 (PDF) The purpose of consumer incentives and rebates is to boost sales of a particular vehicle through dealerships at a specific time of year to benefit all parties. The following list provides guidance to consumers who want to take advantage
Auto Market Update Week Ending Jan 21, 2023 (PDF) Before Q3 and Q4, the price declines had begun to accelerate, coming in at a level on par with last July (apart from the weeks around Thanksgiving and Christmas when volume and conversions were down). Compared to the previous week,
What to Expect From the Leasing Market in 2023? (PDF) Despite not returning to its pre-pandemic share of one-third of retail auto sales as of 2022, auto leasing is expected to represent more of the market in 2023 after bottoming out in 2022. In 2023, experts predict that leasing
Used Car Sales Drops to its Lowest Level in Nearly a Decade (PDF) As a result of volatile economic conditions and consumers’ concerns about affordability, used vehicle sales in 2022 fell to their lowest levels in nearly a decade. Used-vehicle sales in the past decade Year Overall Retail 2022
Auto Market Update Week Ending Jan 14, 2023 (PDF) With two weeks of the new year behind us, the trends we ended 2022 with are continuing into 2023. It continues to be difficult to sell cars at auctions and weekly depreciation continues at a rate that exceeds what is
Auto Incentives and Rebates Week Ending Jan 14, 2023 (PDF) The purpose of consumer incentives and rebates is to boost sales of a particular vehicle through dealerships at a certain time of year to the benefit of all parties. The following list provides guidance to consumers who want to
Auto Market Update Week Ending Jan 07, 2023 (PDF) After completing 2022, we can begin evaluating the year’s performance: Overall, the market declined 22.9%, with cars falling 22.7% and trucks falling 23%. There was only one segment that continued to appreciate last year, the Full-Size Van, which increased by
GM Regains Top Spot in U.S. Auto Sales (PDF) The United States auto sales market in 2022 was dominated by General Motors, which outperformed rival Toyota Motor as it was able to meet strong demand for cars and trucks while facing supply shortages. After General Motors reported a 2.5%
Auto Market Update Week Ending December 31st, 2022 (PDF) In a positive development, the overall conversion rate at the auctions improved slightly over last year. With depreciation exceeding the typical yearly rate, values are still well above pre-COVID levels. For comparison, the previous week, cars decreased by -0.49% on
New Gas Cars To Be Banned From U.S West Coast By 2035 (PDF) By 2035, the West Coast of the U.S. will end the sale of new gasoline cars. Washington and Oregon recently enacted rules requiring new vehicles to be mostly emission-free by 2035, allowing plug-in hybrids that also
Auto Market Specialty Insights December 2022 (PDF) This month, the only segment to see an increase is snowmobiles. As we head into winter, all other segments are decreasing in value—most by 3.0% or more. The ATVs have taken the largest drop with a decline of 4.4%. Cruisers and Street
GM’s Self-Driving Car Under Safety Investigation Due to Unexpected Braking (PDF) GM’s self-driving vehicle unit Cruise has been the subject of a formal investigation by U.S. automotive safety officials. A filing with the National Highway Traffic Safety Administration reveals the agency has received complaints about self-driving vehicles, retrofitted Chevrolet
Production Of New Honda Fuel Cell EVs To Start In 2024 (PDF) Honda announced that starting in 2024, it will produce an all-new hydrogen fuel cell electric vehicle (FCEV). Based on the recently launched Honda CR-V, the new zero-emissions vehicle will contribute to Honda’s goal to make battery electric
Volvo Sales Remain Up Despite Supply Chain Issues (PDF) Volvo has been one of the biggest car manufacturers on the market for quite some time. The Swedish company sales were up nearly 9% year-over-year in October, and it saw significant growth in its Recharge EV sales, which are now
Car Imports Are More Welcome In The U.S. Than In Europe or China (PDF) The car trade industry changes constantly, and the outcome can depend on a number of factors. For example, car manufacturers may try to gain new traction by opening factories in developing countries or promoting new
Top 10 Cars That Most Held Market Value (PDF) When you buy a new car, its value will depreciate right away. New research from iSeeCars.com has found that car depreciation has been getting much less than it used to be, which is great for car buyers. This is largely
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