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July 2020

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Wednesday, July 29, 2020

HOTCHKISS: AVERAGE AGE OF LIGHT VEHICLES IN US HITS 11.9 YEARS

HOTCHKISS: AVERAGE AGE OF LIGHT VEHICLES IN US HITS 11.9 YEARS

According to an article in The Auto Channel and Counterman magazine using information from IHS Markit the average age for light vehicles in the United States is now 11.9 years. Okay but so what? I remember when Volvo used to say that "in Sweden the average age of a Volvo is ten years". That was back in the '70s. So an ... Continue reading

Average Age of Cars and Light Trucks in the U.S. Approaches 12 Years, According to IHS Markit

Average Age of Cars and Light Trucks in the U.S. Approaches 12 Years, According to IHS Markit

the average age of light vehicles in operation (VIO) in the US has risen to 11.9 years this year, about one month older than in 2019. Though slight, the increase can generate new business opportunities for companies operating in the aftermarket and vehicle servicing sector in the United States. ... Continue reading

2021 Honda Odyssey Minivan Closeup Look - Prices, Specs and Images

2021 Honda Odyssey Minivan Closeup Look - Prices, Specs and Images

2021 Honda Odyssey receives numerous updates to styling, along with upgraded technology and safety features to further strengthen its position as America’s retail best-selling minivan for the past 10 years, the top choice of American families looking for the ultimate fun family vehicle. ... Continue reading

Auto Sales Recovery Sees Slight Pause in July 2020

Auto Sales Recovery Sees Slight Pause in July 2020

New-vehicle retail sales in July are expected to be down from a year ago, according to a joint forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,133,300 units, a 4.0% decrease compared with the J.D. Power pre-virus forecast and a 9.5% decrease compared with July 2019. ... Continue reading

Auto Sales Recovery Sees Slight Pause in July 2020

Auto Sales Recovery Sees Slight Pause in July 2020

Retail sales are projected to reach 1,133,300 units, a 4.0% decrease compared with the J.D. Power pre-virus forecast and a 9.5% decrease compared with July 2019. ... Continue reading

It's Time To Let A Minvan Turn You On Ladies, For All The Right Reasons

It's Time To Let A Minvan Turn You On Ladies, For All The Right Reasons

I know you vowed back in high-school to never be “that girl” who drove a mini-van no matter what, but listen to old Uncle Milton and have enough self-confidence to break your shackles and enjoy the many benefits and practicalities of a minivan the No Excuses Vehicle! Here at The Auto Channel we believe that your ve ... Continue reading

UL Firefighter Safety Research Institute Unveils New Report Investigating Near-Fatal Lithium-Ion Battery Energy Storage System Explosion

UL Firefighter Safety Research Institute Unveils New Report Investigating Near-Fatal Lithium-Ion Battery Energy Storage System Explosion

UL Firefighter Safety Research Institute (FSRI) today released a report detailing a deflagration incident at a 2.16 MWh lithium-ion battery energy storage system (ESS) facility in Surprise, Arizona. The report provides a detailed technical account of the explosion and fire service response, along with recommendations o ... Continue reading

"Break Free" Summer Season to Introduce First Leisure Cruise Offering on Saudi Red Sea

"Break Free" Summer Season to Introduce First Leisure Cruise Offering on Saudi Red Sea

RIYADH, Saudi Arabia, July 29, 2020 -- Leisure cruises are scheduled to set sail for the first time on the Saudi Arabian Red Sea as part of the "Break Free" domestic tourism campaign. The Saudi Tourism Authority (STA) announced the initiative as part of the Kingdom's efforts to provide exceptional leisure tourism servi ... Continue reading

Increased Investment in Electric Vehicle Charging Infrastructure Could Combat Range Anxiety

Increased Investment in Electric Vehicle Charging Infrastructure Could Combat Range Anxiety

DUBLIN, July 28, 2020 -- ResearchAndMarkets.com published a new article on the Electric Vehicle Charging industry "Increased Investment in Electric Vehicle Charging Infrastructure Could Combat Range Anxiety" Charging station manufacturer, EVBox is set to establish its first North American headquarters outside of Chicag ... Continue reading

NSK Develops World's First Non-Contact Torque Sensor For Drive Shafts In Motor Vehicles

NSK Develops World's First Non-Contact Torque Sensor For Drive Shafts In Motor Vehicles

ANN ARBOR, Mich., July 28, 2020 -- NSK Ltd. has developed a non-contact torque sensor that measures drive shaft torque in real time, the first in the world with this capability. ... Continue reading

GAC MOTOR's GN8 is a Satisfying New Multipurpose Vehicle

GAC MOTOR's GN8 is a Satisfying New Multipurpose Vehicle

This high-end MPV model has an impressive appearance, luxurious interior, and "refined internal and external" power that satisfy consumers diverse demands. ... Continue reading

Jere Starks Inducted Into Sonoma Raceway Wall of Fame

Jere Starks Inducted Into Sonoma Raceway Wall of Fame

Photos of Jere Starks attached. [PR_Header_Gen] Jere Starks Inducted Into Sonoma Raceway Wall of Fame SONOMA, Calif. ... Continue reading

Major Broadcasters Launch NEXTGEN TV On Seven Local Television Stations In Portland, OR

Major Broadcasters Launch NEXTGEN TV On Seven Local Television Stations In Portland, OR

PORTLAND, Ore., July 28, 2020 -- Seven leading local television stations in Portland, OR, including KATU (ABC), KOIN (CBS), KGW (NBC), KPTV (Fox), KOPB-TV (PBS), KRCW-TV (CW) and KPDX (MyNet), today became among the first in the nation to begin broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technol ... Continue reading

Automotive E-retail Market 2019-2023 | Wide Availability of Vehicles Models Online to Boost Growth | Technavio

Automotive E-retail Market 2019-2023 | Wide Availability of Vehicles Models Online to Boost Growth | Technavio

Full Size Small Preview Thumbnail Technavio has announced its latest market research report titled Global Automotive E-retail Market 2019-2023 (Graphic: Business Wire) Technavio has announced its latest market research report titled Global Automotive E-retail Market 2019-2023 (Graphic: Business Wire) Full Size Small Pr ... Continue reading

Car Care Products Market Size Worth $13.39 Billion By 2027 | CAGR: 4.8%: Grand View Research, Inc.

Car Care Products Market Size Worth $13.39 Billion By 2027 | CAGR: 4.8%: Grand View Research, Inc.

SAN FRANCISCO, July 29, 2020 -- The global car care product market size is expected to reach USD 13.39 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.8% from 2020 to 2027. The rise in the number of new car sales across the globe, increasing co ... Continue reading

Garmin® reports strong second quarter 2020 revenue and income during the COVID-19 pandemic

Garmin® reports strong second quarter 2020 revenue and income during the COVID-19 pandemic

SCHAFFHAUSEN, Switzerland--Garmin Ltd. today announced results for the second quarter ended June 27, 2020. ... Continue reading

Global Diesel Power Engine Market Outlook 2020-2025 with Caterpillar, Cummins, Wartsila, Rolls-Royce, MAN, Volvo Penta, and Doosan Infracore Leading the Competition - ResearchAndMarkets.com

Global Diesel Power Engine Market Outlook 2020-2025 with Caterpillar, Cummins, Wartsila, Rolls-Royce, MAN, Volvo Penta, and Doosan Infracore Leading the Competition - ResearchAndMarkets.com

DUBLIN--The "Diesel Power Engine Market by Operation (Standby, Prime, and Peak Shaving), Power Rating (Below 0.5 MW, 0.5-1 MW, 1.0-2 MW, 2.0-5 MW, and Above 5 MW), End User (Industrial, Commercial, and Residential), Speed, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. ... Continue reading

Road Trips and Time Spent Outdoors Tied to Higher Happiness Levels, According to New Survey Results

Road Trips and Time Spent Outdoors Tied to Higher Happiness Levels, According to New Survey Results

Outdoorsy's first Road to Wellness survey reveals 94% of North American families feel less stressed after taking a road trip and spending time outdoors AUSTIN, Texas, July 29, 2020 -- As North Americans search for safe and affordable travel alternatives this summer, new research shows hitting the road in an RV may be t ... Continue reading

Rocky Mountain Dealerships Inc. Reports Second Quarter 2020 Results

Rocky Mountain Dealerships Inc. Reports Second Quarter 2020 Results

CALGARY, Alberta--Rocky Mountain Dealerships Inc. (TSX: RME, and hereinafter “RME”), Canada’s largest agriculture equipment dealer, today reported its financial results for the three months ended June 30, 2020. Unless otherwise stated, all amounts are expressed in Canadian dollars. ... Continue reading

Toyoda Gosei to Partner With Ossia Inc., a World Leader in Wireless Power

Toyoda Gosei to Partner With Ossia Inc., a World Leader in Wireless Power

Full Size Small Preview Thumbnail Transfer antenna (Photo: Business Wire) Transfer antenna (Photo: Business Wire) Full Size Small Preview Thumbnail Future living with Cota technology (vehicle cabin) (Graphic: Business Wire) Full Size Small Preview Thumbnail Future living with Cota technology (living room) (Graphic: Bus ... Continue reading

Turo Kicks Off Free National Drive-In Movie Tour For Healthcare Workers

Turo Kicks Off Free National Drive-In Movie Tour For Healthcare Workers

SAN FRANCISCO, July 29, 2020 -- To celebrate healthcare professionals working day in and day out to promote the health and safety of their communities, and to celebrate cars as essential spaces that let us be in the world while keeping our distance, Turo is kicking off a national drive-in movie tour that will be free ... Continue reading

BMW of San Francisco Adds $210 Million in Revenue to the Lithia Network

BMW of San Francisco Adds $210 Million in Revenue to the Lithia Network

MEDFORD, Ore.--Lithia Motors, Inc. announced today the addition of BMW of San Francisco. “We’re very pleased to announce that we have expanded our network in our Southwest Region with BMW of San Francisco,” said Bryan DeBoer, Lithia Motors President and CEO. ... Continue reading

GM Financial Reports Second Quarter 2020 Operating Results

GM Financial Reports Second Quarter 2020 Operating Results

FORT WORTH, Texas--GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced net income of $173 million for the quarter ended June 30, 2020, compared to $167 million for the quarter ended March 31, 2020, and $403 million for the quarter ended June 30, 2019. Net income for the six months ... Continue reading

Passenger Car and Commercial Vehicle Instrument Clusters Market Outlook to 2026 - ResearchAndMarkets.com

Passenger Car and Commercial Vehicle Instrument Clusters Market Outlook to 2026 - ResearchAndMarkets.com

DUBLIN--The "Passenger Car and Commercial Vehicle Instrument Clusters Market Size Analysis and Outlook to 2026 - Potential Opportunities, Companies and Forecasts for Instrument Clusters application and technology across End User Industries and Countries" report has been added to ResearchAndMarkets.com's offering. The P ... Continue reading

  Ryder Reports Second Quarter 2020 Results

  Ryder Reports Second Quarter 2020 Results

Full Size Small Preview Thumbnail Since the coronavirus pandemic began to impact North America, Ryder has worked with customers to keep supply chains and the flow of goods moving. (Photo: Business Wire) MIAMI--Ryder System, Inc. , a leader in supply chain, dedicated transportation, and commercial fleet management solut ... Continue reading

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