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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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The trial centers on a lawsuit that alleges the German carmaker knowingly manipulated diesel-emissions tests by installing defeat devices
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CarGurus.com reveals the average listing price for a new electric vehicle stood just under $60,000 at the end of June, marking a 13% increase since February.
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Auto industry inventory levels sat between 1 million and 1.1 million vehicles for the sixth consecutive month in June, according to Cox Automotive.
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The National Automobile Dealers Association issued its analysis of U.S. auto sales and the economy for the second quarter of 2022.
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The Retention Index increased again during June to 191.5 points, even as we saw weakening consumer demand.
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As automakers report second quarter results, analysts say a market rebound may be on the way.
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BYD sold 638,157 electric or plug-in hybrid passenger vehicles in the first six months of 2022 compared to 564,743 from Tesla.
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Ford Motor Co. reported nearly a 32% increase in U.S. sales in June, as it improved truck and SUV deliveries and rolled out an all-electric pickup.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing, according to Black Book.
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As a part of this transaction, Lithia also acquired Esserman International which consists of Esserman Acura and Esserman VW in Doral, FL.
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