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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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According to the Cox Automotive June sales forecast, the seasonally adjusted annual rate (SAAR) of new-vehicle sales this month is expected to hit 13.8 million, up from last month’s 12.7 million pace but well below last year’s 15.5 million level.
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Buick ranks highest overall in J.D. Power Initial Quality Study; Genesis ranks highest among Premium Brands.
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Italy, Portugal, Slovakia, Bulgaria and Romania want to delay a EU plan to ban the sale of new gasoline and diesel-powered vehicles in 2035 by five years.
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The Yorkville, NY, dealership sells six times more vehicles than it did a year ago, after being acquired by dealer principal Frank Mastrovito.
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For the first time since the week of April 18th, the overall market reported softening last week.
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The automaker has dialed down its worldwide production schedule for July by 50,000 vehicles to 800,000.
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European and North American automakers cut around 25,000 additional vehicles from their production schedules last week.
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Kerrigan Advisors’ Erin Kerrigan sees a positive, record-breaking buy/sell market for 2022 and maybe into 2023.
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The automaker will stick to its plan to list its Porsche sports-car maker later this year as to finance its pivot toward electric vehicles (EVs).
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Sporty Cars traditionally decline during this time of year, but the segment is still reporting increases with an average weekly increase of +0.24% over the last eleven weeks.
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