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News By Topic: Faraday

AIADA Reports Eighty Percent of New Car Buyers Paid Over MSRP in January

AIADA Reports Eighty Percent of New Car Buyers Paid Over MSRP in January

The AIADA online reported that Edmunds said that a staggering 82.2 percent of new cars sold in January went for more than MSRP, which is a new record. The average new-car buyer in January spent $728 more than MSRP on their purchase, but that average varied widely by brand. ... Continue reading

Plug-In and Gas Hybrids Top GreenerCars’ 2022 Ratings as Automakers Shift to Larger EVs

Plug-In and Gas Hybrids Top GreenerCars’ 2022 Ratings as Automakers Shift to Larger EVs

Washington, DC February 15, 2022; All-electric vehicles (EVs) now account for fewer of the dozen greenest cars available, partly because of a shift toward larger and heavier EVs that are less environmentally friendly, according to this year’s GreenerCars ratings, released today by the American Council for an Energy-E ... Continue reading

Ford Claims Top Spot in Shopping Consideration, Lexus Pulls Ahead of BMW with Tesla Hot on Heels, According to Latest Kelley Blue Book Brand Watch Report

Ford Claims Top Spot in Shopping Consideration, Lexus Pulls Ahead of BMW with Tesla Hot on Heels, According to Latest Kelley Blue Book Brand Watch Report

ATLANTA, Feb. 14, 2022 -- When it comes to the leading automotive brands, the list of who's hot and who's not has significantly changed, according to the latest Kelley Blue Book Brand Watch™ Report for Q4 2021. ... Continue reading

J.D. Power 2022 U.S. Vehicle Dependability Study - Korean Auto Manufacturers Lead the Way in Vehicle Dependability

J.D. Power 2022 U.S. Vehicle Dependability Study - Korean Auto Manufacturers Lead the Way in Vehicle Dependability

Korean auto brands Kia, Genesis and Hyundai earn three of the top four rankings in the newly redesigned J.D. Power 2022 U.S. Vehicle Dependability StudySM (VDS), released today. Buick and Toyota also make the list of the brands with the fewest reported problems after three years of ownership. ... Continue reading

"Hold Everything! Be Right Back (Charger Etiquette), I Gotta Move My Car"; Inconvenience of Long Recharging Times Just One Cause Of Slow EV Sales

"Hold Everything! Be Right Back (Charger Etiquette), I Gotta Move My Car"; Inconvenience of Long Recharging Times Just One Cause Of Slow EV Sales

Problem is, most public charging stations now fill cars much too slowly, requiring hours — not minutes — to provide enough electricity for an extended trip. ... Continue reading

Making Electric Vehicle Leap of Faith is Highly Satisfactory to New Owners, J.D. Power Finds

Making Electric Vehicle Leap of Faith is Highly Satisfactory to New Owners, J.D. Power Finds

As automakers continue to build excitement with new electric vehicle (EV)1 launches, first-time owners who have made the switch to battery electric vehicles (BEVs) are discovering that it is a positive experience. Satisfaction among owners who are new to BEVs averages 754 (on a 1,000-point scale), which is comparable t ... Continue reading

New-Vehicles Sales Satisfaction Rankings Unchanged from Year Ago, J.D. Power Finds

New-Vehicles Sales Satisfaction Rankings Unchanged from Year Ago, J.D. Power Finds

customer satisfaction with the vehicle purchase experience holds steady year over year, according to the J.D. Power 2021 U.S. Sales Satisfaction Index (SSI) Study, SM released today. ... Continue reading

How Car Shortages Are Putting the World's Economy at Risk - AIADA

How Car Shortages Are Putting the World's Economy at Risk - AIADA

The AIADA featured a NY Times story that worries us. Turmoil in the auto industry, a powerful engine of the global economy, is threatening growth and sending tremors through companies and communities that depend on carmakers for money and jobs, reports The New York Times. ... Continue reading

Toyota Believes Electric Is Our Future, Opines for Equal Application of the Electric Vehicle Tax Incentive.

Toyota Believes Electric Is Our Future, Opines for Equal Application of the Electric Vehicle Tax Incentive.

Let’s not play politics with the environment, the American autoworker, or the American consumer. Toyota believes that the future of automobiles is electric. ... Continue reading

More than 100 U.S. lawmakers urge Pelosi to back union EV tax credit

More than 100 U.S. lawmakers urge Pelosi to back union EV tax credit

WASHINGTON, Oct 12 Reuters reported that more than 100 U.S. House lawmakers on Tuesday urged Speaker Nancy Pelosi to keep a $4,500 tax credit incentive for union-built electric vehicles (EV) in a massive spending bill. In a letter seen by Reuters, 107 Democrats urged Pelosi to retain the credit supported by the United ... Continue reading

Nutson's Weekly Auto News Wrap-Up September 12-18, 2021

Nutson's Weekly Auto News Wrap-Up September 12-18, 2021

Below are the past week's important, relevant, semi-secret, or snappy automotive news, opinions and insider back stories presented as expertly crafted easy-to-digest news nuggets.< ... Continue reading

China Economic Boss's Vow To Reduce Number Of Domestic EV Manufacturers

China Economic Boss's Vow To Reduce Number Of Domestic EV Manufacturers

Beijing September 13, 2021 -- Bloomberg reports that China's Communist Leaders have vowed to consolidate the country’s electric vehicle industry after a decade-long nurturing of the sector led to the emergence of too many players, some of which are barely viable. “Looking forward, EV companies should grow bigger an ... Continue reading

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