Ford, Kia Leaders in Mainstream EV Registrations
Ford topped new-vehicle registrations for electric vehicles among mainstream brands in the first four months of the year, followed closely by Kia and Hyundai, Automotive News reports.
‘Switch Has Been Flipped’ on Global EV Growth, Forecast Says
BCG anticipates 59% of all new vehicles sold worldwide will be BEVs by 2035.
U.S. To Propose Rule on Minimum Standards for EV Chargers
The proposal comes as the federal government moves forward on a plan to build a nationwide network of 500,000 EV charging stations by 2030 with funding from the $1 trillion infrastructure law.
First ATSC 3.0-Equipped Cars Expected On U.S. Roads by 2023
Hyundai Mobis has developed, tested and announced the first ATSC 3.0 receiver-equipped vehicles will be on the road in the United States next year.
Wholesale Used-Auto Prices Up 0.7% in May
After cooling a bit in the first half of the year, wholesale used-vehicle prices grew in May, but at nowhere near the pace of the record monthly increases seen in 2021.
Auto Shortage Drives Up Borrowing Costs
Borrowers with subprime credit are pinched in the current auto finance market, with the average amount borrowed and the average monthly payment up disproportionately on subprime loans and used vehicles, compared with primerisk borrowers and new vehicles, Wards Auto reports.
Market Loses More Steam; SAAR Tumbles to 2022 Low
May U.S. auto sales: Ford, Toyota, Honda, Hyundai, Kia, Subaru post declines behind choked supply chains, tough comparison to robust May 2021.
Toyota, Honda, Hyundai, Kia, Subaru Sales Slump Again in May
May U.S. auto sales: Toyota, Honda, Hyundai, Kia, Subaru post double-digit declines behind choked supply chains, tough comparison to robust May 2021.
Toyota Leads VW by 1M+ Autos in Sales Race
Toyota Motor looks poised to repeat as the world’s largest automaker for a third straight year, having outsold Volkswagen by more than 1 million vehicles through April.
Tavares Sees Looming Shortage of EV Battery Materials
Automakers are planning more than a dozen battery plants across North America, but CEO Carlos Tavares thinks they may not be able to keep up with the volume of EVs in the pipeline.
Automotive Marketers’ Fraud Rate On CTV Higher Than Non-Auto Advertisers’
The fraud rate for automotive marketers buying connected TV (CTV) is 52% higher than for non-automotive advertisers, according to digital media measurement and analytics company DoubleVerify.
New Car Sales to Plunge 20.9% In May
Retail sales of new cars are forecast to fall 20.9% this month compared to the same time last year, amid vehicle shortages and sky-high prices, according to the automotive research firms J.D. Power and LMC Automotive.
VW Reboots to More Flexible U.S. Advertising Strategy
As it was still trying to get past its 2015 global diesel emissions scandal, Volkswagen of America in 2019 unleashed a new campaign called “Drive Something Bigger than Yourself” that touted causes ranging from water conservation to highway traffic de-congestion.
North America Production Still Headed for First Quarterly Increase Since First-Half 2021
Although supply-chain challenges still heavily crimp most automakers’ ability to build to capacity, April’s year-over-year production gain was the first in 11 months, and Q2’s expected increase will be the first for any quarter since the year-ago period.
Average Age of U.S. Cars Hit Record High
U.S. consumers are using their existing vehicles for longer as the inventory of new cars and light trucks remains constrained due to supply chain challenges, marking an all-time high for the average age, according to a report from S&P Global Mobility.
American Car Center Taps Harmelin Media, Cites Local-First Approach
Affordable, pre-owned automobile marketer American Auto Center (ACC has tapped Philadelphia-based Harmelin Media as its media agency.
U.S. Vehicle Inventory up Slightly, Still Low
New-vehicle inventory in the U.S. continued to recover in April, albeit slowly, as automakers struggled to resupply their dealers while filling presold orders from earlier production constraints, according to data compiled by the Automotive News Research & Data Center and Cox Automotive.
The Latest Numbers on the Microchip Shortage: N.A. Plants Get Chip Reprieve
A short-term slowdown in semiconductor-related cuts should not be taken as a sign the microchip shortage is ending, AutoForecast Solutions warns.
U.S. EV Registrations Surge 60% in Q1, Driven by Tesla, Ford, New Korean Models
Despite semiconductor shortages, rising transaction prices and falling light-vehicle sales overall, battery-electric vehicle volumes are surging across the U.S., driven by luxury leader Tesla and new models from Hyundai Motor Group’s mainstream brands.
Despite Headwinds, EV Registrations Up 60%
miconductor shortages, rising transaction prices and falling light-vehicle sales overall, battery-electric vehicle volumes are surging across the U.S., driven by luxury leader Tesla and new models from Hyundai Motor Group’s mainstream brands.