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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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Dealer profits still high, though fewer units marked above MSRP.
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Data analysis puts South Korean brand’s volume above GM, other big players.
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Forecast shows rising sales, inventory, and good 2023 outlook.
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According to Third Quarter 2022 Blue Sky Report® by Kerrigan Advisors, dealership buy/sells increase 25% YoY as auto retailers overcome economic headwinds to achieve a 205% increase in earnings compared to pre-pandemic averages.
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With the holidays approaching, auction lanes are following the trend of past weeks of being slow.
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Controversial rules on battery component sourcing anticipated by carmakers.
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Toyota Motor Corp. President Akio Toyoda says there is a silent majority who question whether automakers should pursue electric vehicles exclusively.
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But multiple obstacles stand in the way of widespread adoption.
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