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March 2021

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Tuesday, March 2, 2021

Volvo Reports February 2021 US Sales

Volvo Reports February 2021 US Sales

Volvo Car USA secured a strong February result of 9,164 cars sold, up 16.9 percent over 2020, and its ninth consecutive month of year-over-year growth. Year-to-date Volvo Car USA is up 23.7 percent, up +3,317 cars over the same period last year. ... Continue reading

Volvo Cars launches new, pure electric Volvo C40 Recharge

Volvo Cars launches new, pure electric Volvo C40 Recharge

The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future. The C40 Recharge has all the benefits of an SUV but with a lower and sleeker design. ... Continue reading

Volvo Cars to be fully electric by 2030

Volvo Cars to be fully electric by 2030

Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030. By then, the company intends to only sell fully electric cars and phase out any car in its global portfolio with an internal combustion engine, including hybrids. ... Continue reading

Kia February 2021 North American Sales

Kia February 2021 North American Sales

February global sales at 210,177 units, up 7% y/y Korea sales jumped 31% to 37,583 units Sales outside of Korea climbed 2.9% to 172,594 units Kia to focus on renewed Plan S strategy and expand new model line-up, including its first dedicated BEV model and the K8 sedan (SEOUL) March 2, 2021 – Kia Corporation recorded ... Continue reading

Subaru Of America Reports February 2021 Sales

Subaru Of America Reports February 2021 Sales

Best February ever for Crosstrek Subaru of America, Inc. today reported 48,300 vehicle sales for February 2021, a 6.6 percent decrease compared to the February sales record set in 2020 (51,695). The automaker also reported year-to-date sales of 94,700, a 3.4 percent decline compared to the same period in 2020. “In Fe ... Continue reading

Mazda Reports February 2021 US Sales

Mazda Reports February 2021 US Sales

Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. ... Continue reading

Automotive Speaker Market is Growing at a 6.5% CAGR to Hit $7B by 2027: GMI

Automotive Speaker Market is Growing at a 6.5% CAGR to Hit $7B by 2027: GMI

SELBYVILLE, Del., March 2, 2021 -- Global Market Insights Inc. has recently added a new report on the automotive speaker market, which estimates the market valuation for automotive speakers will cross US $7 billion by 2027.  Increasing demand for technologically advanced aftermarket automotive audio components is li ... Continue reading

Camping World Holdings Announces Deal to Acquire EZ Living RV in Illinois

Camping World Holdings Announces Deal to Acquire EZ Living RV in Illinois

LINCOLNSHIRE, Ill.--Camping World Holdings, Inc. (“Camping World”), America’s Recreation Dealer, today announced an agreement to acquire EZ Living RV in Braidwood, IL. The acquisition is anticipated to close in March 2021. ... Continue reading

EchoPark Automotive Awarded a 2021 DealerRater Consumer Satisfaction Award

EchoPark Automotive Awarded a 2021 DealerRater Consumer Satisfaction Award

CHARLOTTE, N.C.--Sonic Automotive, Inc. (“Sonic” or the “Company”) , a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced that its EchoPark Automotive business, offering a wide assortment of high quality, one to four-year old pre-owned vehicles, has been awarded a 2021 D ... Continue reading

Electric Vehicle Market Size To Be Valued At $1,212.1 Billion By 2027 Owing To Rising Number Of Government Initiatives Globally To Promote Manufacturing & Adoption Of EVs | Million Insights

Electric Vehicle Market Size To Be Valued At $1,212.1 Billion By 2027 Owing To Rising Number Of Government Initiatives Globally To Promote Manufacturing & Adoption Of EVs | Million Insights

FELTON, Calif., March 2, 2021 -- The demand for the global electric vehicle market is projected to value at $1,212.1 billion by 2027, according to a new report published by Million Insights, with a CAGR of 41.5 % from 2020 to 2027. The growth can be imputed to the number of government initiatives across the globe to pr ... Continue reading

IHS Markit Names General Motors Top Manufacturer for Sixth Consecutive Year in its 25th Annual Automotive Loyalty Awards

IHS Markit Names General Motors Top Manufacturer for Sixth Consecutive Year in its 25th Annual Automotive Loyalty Awards

SOUTHFIELD, Mich.--IHS Markit announced the results of its 25th annual Automotive Loyalty Awards today, recognizing General Motors for its leadership as top manufacturer for automotive loyalty in the U.S. in 2020. This is the sixth consecutive win for GM in the ‘Overall Loyalty to Manufacturer’ category and 17th in ... Continue reading

Kelley Blue Book Names 2021 Best Resale Value Award Winners

Kelley Blue Book Names 2021 Best Resale Value Award Winners

IRVINE, Calif., March 2, 2021 -- Most new-vehicle shoppers have probably heard the phrase, "a car loses value the moment you drive it off the dealership lot." Yet the everyday car buyer may not be aware to what extent and how much this amount can vary from model to model. Understanding a car's resale value - what a veh ... Continue reading

Lithia Motors & Driveway (LAD) Adds $430 Million of Revenue in Key Southeast Region

Lithia Motors & Driveway (LAD) Adds $430 Million of Revenue in Key Southeast Region

MEDFORD, Ore.--Lithia Motors & Driveway announced it has acquired five locations in Florida, all serving the greater Tampa market. The acquisition is expected to add $430 million in annualized revenue and includes Hyundai of New Port Richey, the largest-volume Hyundai location in the United States eight years in a row. ... Continue reading

Motorcar Parts of America to Present at 33rd Annual Roth Conference

Motorcar Parts of America to Present at 33rd Annual Roth Conference

LOS ANGELES--Motorcar Parts of America, Inc. today announced it is scheduled for a fireside chat presentation on Monday, March 15, 2021 at 2:00 p.m. Pacific time at Roth Capital Partners 33rd Annual Stock Growth Conference being held this year in a virtual format. A live audio webcast of the discussion will be availabl ... Continue reading

Top Startups Disrupting the Mobility Industry

Top Startups Disrupting the Mobility Industry

BOSTON, March 2, 2021 -- Based on interviews with key startups in the industry, Lux analysts have published a list of the top mobility startups in 2020. Lux's experts, who evaluate companies on their technology, business strategy, leadership, and market positioning, have awarded all these companies a "Positive" or "S ... Continue reading

Volvo Cars to be fully electric by 2030

Volvo Cars to be fully electric by 2030

GOTHENBURG, Sweden, March 2, 2021 -- Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030. By then, the company intends to only sell fully electric cars and phase out any car in its global portfolio with an internal combust ... Continue reading

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