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Newsby StaffSeptember 30, 2022

Cox Automotive’s Ten Predictions for 2022 Miss on Overall Demand, Leasing, New-Vehicle Inventory

Cox Automotive's quarterly review allows us to see how the market has progressed compared to expectations.

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Newsby StaffSeptember 29, 2022

With More New Cars Available, New and Used Vehicle Prices are Coming Down

ZeroSum predicts that by the end of September, new vehicle inventory will be up 16.69% from the start of August while used vehicle inventory will be down 1.15%.

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Newsby StaffSeptember 29, 2022

Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast

September U.S. auto sales, when confirmed next week, are expected to show a new-vehicle market mostly unchanged from previous months and still stuck in low gear.

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Newsby StaffSeptember 28, 2022

State Charging Station Plans Move Forward

The U.S. Transportation Department (USDOT) has approved electric vehicle (EV) charging station plans for all 50 states, Washington D.C. and Puerto Rico.

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Newsby StaffSeptember 28, 2022

New Vehicle Purchasers Stick With Favored Brands

A J.D. Power brand loyalty study finds most car buyers return to the same brand when trading in their used vehicles.

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Newsby StaffSeptember 27, 2022

Black Book Unveils 2022 Vehicle Depreciation Report

Black Book and Fitch Ratings just unveiled their latest joint depreciation report, taking an in-depth look at car and truck segment depreciation trends in 2021, as well as our outlook and forecast for depreciation in 2022.

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Newsby StaffSeptember 27, 2022

BMW Predicts Sales Growth in 2023

BMW will reach the higher end of its 7-9% margin target for its vehicle business and will see slight sales growth in 2023, forecasted CFO Nicolas Peter in a roundtable this week.

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Newsby StaffSeptember 27, 2022

Hertz and BP Pulse to Build EV Charging Network

Hertz has partnered with BP Pulse, BP oil company’s EV charging arm, to build a network of electric vehicle charging stations across the U.S.

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Newsby StaffSeptember 27, 2022

VW Announces Alexa-Guided Test Drives

Customers in select regions can now schedule an in-person Alexa guided test drive of VW’s ID.4 SUV.

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Newsby StaffSeptember 23, 2022

China Joins Others in Chiding US Over EV Tax Breaks

Big EV battery, materials supplier says cutting it out is ‘discriminatory.’

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