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Sony-Honda venture cancels two planned models, the first of which had been pegged for a mid-2026 California delivery debut. The brand’s direct sales had been challenged by the state’s auto dealers, but the venture cites Honda’s EV retreat.
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Tesla faces new competition as new electric vehicle manufacturers come onto the scene.
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Dealership executives who apply and qualify will also receive complimentary flights, hotel stay, and participation in the ADX golf tournament.
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Recent data points to more auto borrowers struggling to keep up with loans, but default rates remain below pre-pandemic levels.
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The Estimated Average Weekly Sales Rate remains at 65%.
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The automaker’s new vehicle registrations grew 61% in the first half of the year to take the top spot among luxury automakers.
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Dodge plans to offer seven low-volume "heritage-influenced" versions of the Charger and Challenger at certain dealerships before it ends their production.
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GM retools supply chain to get tens of thousands of vehicles awaiting parts to consumers quickly and ward off future supply chain challenges.
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According to Kelley Blue Book, new-vehicle buyers remain in an “over sticker” market, paying above MSRP every month this year.
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On a volume-weighted basis, the overall Car segment decreased -0.92%. For reference, the previous week, cars decreased by -0.91%.
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Major automakers say the $430 billion bill approved Sunday by the U.S. Senate will put the brakes on achieving U.S. electric-vehicle adoption targets for 2030.
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