Hyundai Motor America Reports May 2024 Sales
Jun 2, 2024
Total sales up 12% in May; YTD total sales increase 2% Best May for IONIQ 5, IONIQ 6, Tucson HEV, Santa Fe HEV, Palisade and Santa Cruz Hyundai May retail sales up 9% YOY; Volume led by Palisade, IONIQ 5 and Santa Fe HEV May EV sales up 42% YOY FOUNTAIN VALLEY, Calif., June 1, 2024 -- Hyundai Motor America reported tot ... Continue reading
FrogData Unveils Major AI Factory Upgrade to Revolutionize Automotive Retail Operations
Jun 2, 2024
SAN FRANCISCO, June 2, 2024 -- FrogData (www.frogdata.com), the trailblazer in data-driven decision-making solutions for automotive dealerships, today announced a significant upgrade to its pioneering Artificial Intelligence (AI) Factory. This enhancement introduces new solutions focused on Used Car Pricing, Service Ma ... Continue reading
Nutson's Weekly Automotive News Wrap-up May 26-June 1, 2024
Jun 2, 2024
Larry's top story picks from this past week's important to you, relevant, semi-secret, or snappy automotive news, opinions and insider back stories presented as expertly crafted easy-to-understand automotive news nuggets. ... Continue reading
Nutson's Weekly Automotive News Wrap-up May 19-25, 2024
May 26, 2024
Top story picks from this past week's important to you, relevant, semi-secret, or snappy automotive news, opinions and insider back stories presented as expertly crafted easy-to-understand automotive news nuggets. ... Continue reading
J.D. Power-GlobalData U.S. Automotive Forecast for May 2024
May 23, 2024
TROY, Mich.--J.D. Power: The Total Sales Forecast Total new-vehicle sales for May 2024, including retail and non-retail transactions, are projected to reach 1,446,800 units, a 2.9% increase from May 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData. May 2024 has 26 selli ... Continue reading
Just So You Know! Government Incentives Are Underwriting the Electric Trucks Industry
May 21, 2024
Government regulations are accelerating the adoption of electric vehicles into fleets across the nation. The U.S. federal government's Inflation Reduction Act (IRA) is providing up to $40,000 per vehicle in tax incentives to buyers or lessors of commercial electric vehicles; either 30% of the original purchase price of ... Continue reading
May 21, 2024
4,000 binding pre-orders from customers including Bimbo Bakeries USA; the world's largest RV manufacturer, THOR Industries; postal service operator, Mail Management Services; leading North American commercial vehicle dealers; and more. Harbinger formally announces it raised one of the hardware industry's largest-ever S ... Continue reading
Carmakers Grossed Over $20 Trillion in the Past Decade, more than China`s GDP
May 21, 2024
Carmakers Grossed Over $20 Trillion in the Past Decade, more than China`s GDP Rising costs, high interest rates, slow consumer spending, and supply chain disruptions have made 2024 another challenging year for the global automotive industry. But despite the fourth year of hardship, carmakers have still managed to gener ... Continue reading
Auto Insurer Digital Points Are Now Primary Driver of New Customers, J.D. Power Finds
May 21, 2024
J.D. Power 2024 U.S. Insurance Digital Experience Study,SM released today, a strong majority of auto insurance websites and apps are doing a good job delivering on foundational functional capabilities, but far fewer are delivering the type of value-added services that set them apart from the pack. ... Continue reading
May 21, 2024
Today, it is announced that AiLO has placed a 100-truck order of Nikola hydrogen fuel cell electric vehicles ("FCEVs") from Tom's Truck Centers, a member of the Nikola sales and service dealer network. ... Continue reading
Nutson's Weekly Automotive News Round-up May 12-18, 2024
May 19, 2024
Nutson's Automotive News Wrap-up: This past week's relevant, automotive news, opinions and insider back stories. ... Continue reading
KIA ANNOUNCES PRICING FOR 2025 SORENTO PHEV
May 16, 2024
Today, Kia announced pricing details for the 2025 Sorento PHEV, which receives a range of enhancements that lend the electrified SUV a more confident and modern appearance along with a newly added EX trim. Paired with a technology-rich interior, the updates aim to cater to the digital needs of today's consumers.Trim Le ... Continue reading
New Car Inventory Up 35%: Temporary Relief or New Normal for Consumers?
May 16, 2024
new-car inventory levels increased by 35% compared to 2023, indicating fewer pressures for consumers to compromise on their vehicle choices. But is this the new normal, or just a temporary reprieve? - New Car Prices: Up 30% from pre-pandemic levels, but stable month-over-month. ... Continue reading
Auto Dealer Asbury Automotive Group Increases Stock Repurchase Authorization to $400 Million
May 16, 2024
DULUTH, Ga.--Asbury Automotive Group, Inc. (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors approved an increase in the authorization of the share repurchase plan for the Company, which expands the remaining availability to $400 million. ... Continue reading
EV Purchase Consideration Ebbs While Charging Concerns Continue to Grow, J.D. Power Finds
May 16, 2024
TROY, Mich.--Consumer demand for electric vehicles (EVs) has cooled as the industry grapples with persistent growing pains, according to the J.D. Power 2024 U.S. Electric Vehicle Consideration (EVC) Study,SM released today. For the first time since the study’s inception in 2021, new-vehicle buyer consideration has dr ... Continue reading
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