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 due
Vietnamese Automaker VinFast Exports First EVs To The U.S. (PDF) VinFast celebrated the success of its first batch of all-electric cars being exported to international markets on 25 November. The Vietnamese automaker has sent a total of 999 units of the VF 8 model to the US. The ship
What cars will be discontinued in the year 2023? (PDF) This year has seen many changes in the car market, with more SUVs on the road than ever before. Sedans are becoming less common, but that doesn’t mean there aren’t any left. If you’re interested in finding a great
How Long Will Car Prices Remain High? (PDF) Auto prices are on the rise, as they are for many other consumer goods. The average price paid for a new vehicle in the U.S. increased 6.3% year-over-year in September 2022, combined with soaring gasoline prices and rising interest rates, this
New Car Brand? Kia’s logo redesign makes people Googling for “KN Car”(PDF) The South Korean manufacturer owned by Hyundai Motor Company is causing confusion among consumers after the new Kia logo (KN) was unveiled with a spectacular pyrotechnic display in January 2021. Over 200 unmanned aerial vehicles blew up
Toyota Releases New Bz Compact SUV Concept (PDF) Toyota has revealed a new bZ Compact SUV Concept that previews a future electric compact crossover model. This electric model has a “glimpse of what the future could hold.”, revealed at the LA motor show. The Japanese firm wants to expand
Top 5 Best-Selling EVs of 2022 (PDF) We’ve reached almost the end of 2022 and the electric car sales charts are telling us a very important story. It’s not just about Tesla anymore, and it will continue to shift away from them because challengers start to amass higher numbers.
Automotive Market Update For November 2022 (PDF) The fourth quarter typically accounts for the majority of the yearly depreciation, but this year the declines started in Q3 and are continuing to trend higher than typical. What’s different this year is that declines exceed 1% per week in many segments,
Top 5 Most Frequent Car Accidents (PDF) Despite the introduction of advanced driver-assistance systems and strict testing, car accidents still kill tens of thousands of people every year in the United States. The NHTSA recently released data on the most common types of car crashes in the U.S., and
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