Electrified Vehicle Sales Accelerate in Q2
The U.S. auto market has seen growth this year in nearly every segment, but no segment is growing more quickly and more relentlessly than electrified vehicles.
July 29, 2021
The U.S. auto market has seen growth this year in nearly every segment, but no segment is growing more quickly and more relentlessly than electrified vehicles.
July 29, 2021
“We expect inventories to continue to normalize throughout the back half of 2021 and in the first part of 2022,” said Chris Holzshu, Lithia chief operating officer, in an earnings conference call.
July 29, 2021
President Joe Biden has proposed a return to aggressive Obama-era vehicle mileage standards over five years.
July 29, 2021
The new capital will fuel TRADE X's growth strategy and drive forward its mission of eliminating barriers to buying and selling pre-owned vehicles across international borders.
July 27, 2021
While this is the fourth consecutive week of declining wholesale values, decreases are still relatively modest compared to year-to-date gains.
July 27, 2021
Cadillac announces that every new or redesigned vehicle in North America will be electric to fulfill the luxury brand’s role as General Motors’ lead EV brand.
July 27, 2021
Manufacturers are entering commitments to produce more automotive-grade chips for automotive manufacturers that have idled production amid the shortage.
July 22, 2021
Used wholesale and retail prices are starting to stabilize in July (although at a remarkably high plateau), but new car sales are still on a rollercoaster as the chip shortage is finally showing up in the new sales numbers.
July 20, 2021
AutoNation predicts demand for new vehicles will continue into next year, as low-interest rates and robust demand helped the retailer boost quarterly earnings estimates.
July 20, 2021
A Trump-era USMCA interpretation could subject used vehicles shipped to the U.S. to import fees.
July 20, 2021
The frenzied sales fever that pushed new car sales to record heights is cooling, with demand for pre-owned vehicles returning to more normal levels.
July 15, 2021
Lexus and Subaru rank highest for third consecutive year.
July 15, 2021
The increasing penetration of passenger vehicles, rising modernization of vehicles, and development of autonomous vehicles are some factors expected to drive the market growth during the forecast period.
July 14, 2021
High demand coupled with low inventory has spurred consumers to order the vehicle they want.
July 14, 2021
Wholesale values continue to decline after a monstrous 22-consecutive weeks of gains; however, sales conversion rates were also down last week. We anticipate that dealers will begin gradually and moderately reducing their floors.
July 13, 2021
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