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Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
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SEARCHMENUSEARCHThe Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
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Rankings based on latest Kelley Blue Book reports.
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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 for this time of year.
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Stellantis is negotiating a third electric vehicle battery plant to come online in 2026, reports Stellantis CEO Mark Stewart.
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Building more parts in-house rather than purchasing them from other suppliers makes financial sense and retains jobs, said CEO Jim Farley.
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Consumer Reports survey finds Japanese, Korean vehicle brands among most reliable.
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The automakers take two very different approaches to EV production but with many of the same goals in mind.
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Tesla is evaluating whether Model 3 and Model Y EVs made in Gigafactory Shanghai could be sold in North America starting in 2023, sources say.
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Goldman Sachs, JPMorgan, Chase & Co., Citigroup and Deutsche Bank analysts rated the luxury automaker as a buy or equivalent this week.
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The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.
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