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Top Quality Automotive Brands of 2024: Expert Analysis

Ram and Porsche have risen to the top in the 2024 J.D. Power U.S. Initial Quality Study, marking significant milestones for these brands. Let’s dive into the details of the study and explore what sets these automotive leaders apart. Top Quality Automotive Brands of 2024: Expert Analysis (PDF) 2024 Automotive

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How U.S. Factory Incentives Are Driving the EV Market Surge

Electric vehicles (EVs) are having a moment in the U.S., and factory incentives are playing a huge role. Despite Tesla’s notable decline in market share, other automakers are stepping up, thanks to some hefty incentives that are making EVs more affordable than ever. Let’s dive into the details and see

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Auto Market Update Week Ending June 15, 2024

Hey there, car enthusiasts and market watchers! Buckle up, because we’ve got the latest scoop on the auto market for the week ending June 15, 2024. This week, while the market continued its downward trend, the rate of depreciation has thankfully slowed down a bit. So, let’s dive into the

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2024 Predictions for the Global EV Market

The electric vehicle (EV) market is set for an exciting year in 2024. Think about how quickly things can change when new technologies, smart policies, and strong partnerships all come together. This year, expect big changes that will reshape how we view electric cars, with fresh data and insights leading

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How Automakers Are Responding to State EV Policy Debates

Automakers are no longer just sitting on the sidelines as states debate policies on electric vehicles (EVs). They’re diving into legislative discussions, influencing everything from infrastructure funding to housing requirements. This article explores how automakers are responding to these complex policy debates and what it means for the future of

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US Auto Dealership Group Rankings 2022 vs 2023

The landscape of the US auto dealership industry has seen some interesting shifts over the past year. From strategic expansions to evolving customer preferences, the top players have navigated these changes with varying degrees of success. In this article, we’ll take a close look at the rankings of the leading

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Auto Market Update Week Ending May 25, 2024

Wondering how the auto market is shaping up as we head into the summer? Well, you’re in the right place! This week’s update uncovers some intriguing trends that most websites gloss over. Let’s dive into the data and see what’s happening in the world of cars and trucks. Auto Market

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2022 GMC Canyon Diminished Value Case Study

Accidents happen, and when they do, they can really hit you in the wallet, especially if you own a vehicle like the 2022 GMC Canyon Denali. When a car gets damaged and repaired, its market value usually takes a hit. This decrease in value is known as diminished value. In

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Auto Market Update Week Ending May 18, 2024

The auto market for the week ending May 18, 2024, is marked by a sense of stability with subtle yet significant shifts that paint a detailed picture of current trends. While overall prices remain steady, a closer look reveals interesting dynamics across various segments. Auto Market Update Week Ending May

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Impact of New U.S. Tariffs on China’s Auto Industry

The Biden administration’s recent decision to impose stiff new tariffs on Chinese electric vehicles (EVs) and critical minerals has sparked a wave of discussions. While some believe this move is necessary to bolster domestic production, others are concerned about the immediate economic impacts and the potential rise in EV prices.

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Increasing Auto Loan Approvals with AI and Alternative Data

Imagine you’re at a car dealership, excited to pick out your new ride. You’ve found the perfect car, and it’s just within your budget. But there’s a hitch: your credit score isn’t quite up to the mark. Traditional scoring methods say you’re a risk, but are they telling the whole

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Auto Market Update Week Ending May 04, 2024

As the sun dips lower each evening, casting longer shadows over the bustling streets, so too does the automotive market hint at a shift with the arrival of spring’s twilight. This week, as families unpack picnic baskets and adventurers dust off their hiking boots, the auto industry reflects a different

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Auto Market Update Week Ending April 20, 2024

In the second week of April 2024, the auto market showed signs of a spring slowdown, reflecting a cautious approach from buyers and a nuanced shift in market dynamics. The overall market inched up slightly by +0.05%, while Trucks and SUVs experienced a minor decline of -0.02%. This week paints

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The Rise of Used-Vehicle Interest Rates to 11.7% in Q1 2024

Once upon a time, opting for a used car felt like grabbing a winning ticket—affordable, practical, and just a tad worn. However, as the calendar flipped to the early months of 2024, buyers stepping into the market encountered a new scene: a daunting average interest rate of 11.7% on used

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Auto Market Update Week Ending April 13, 2024

Imagine you’re standing at a crossroads in a bustling city. To your left, luxury cars gleam under the showroom lights, but as you turn right, you notice older models quietly increasing in value. This week, the auto market tells a similar story of diverging paths, where growth continues but with

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US Point-of-Sale EV Tax Credits: $580 Million Issued So Far

Imagine walking into a car dealership on a sunny Saturday morning, ready to finally make the switch to an electric vehicle (EV). As you discuss the price, the dealer smiles and says, “Let’s apply for your EV tax credit right now and reduce the price immediately.” This isn’t a dream

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Auto Loan Insights for Buyers with Lower Credit Scores

In the vast world of auto financing, consumers with lower credit scores often find themselves navigating a confusing labyrinth. Recent findings by Open Lending spotlight a crucial roadblock: the lack of clear information and trust in the auto loan process. This journey, fraught with increased monthly payments and a high

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Car Sales Jump Up This March, Outpacing Last Year

When spring rolls around, we often think about growth and new beginnings. This year, it’s not just the flowers in bloom or the trees turning green—car sales are showing their own kind of springtime growth. It’s a refreshing change from last year, with the latest figures indicating a strong uptick

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Auto Industry Adjusts to EPA’s Relaxed Emission Regulations

The recent update in vehicle emissions rules by the U.S. Environmental Protection Agency (EPA) is a prime example of a regulatory body aligning itself more closely with industry capabilities and consumer behavior. The initial standards set by the EPA were challenging, to say the least, and the auto industry expressed

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