Oct 28, 2021
The nationwide surge in used vehicle prices has given an unexpected boost to auto insurance customers who experience a total loss—their vehicles might be worth more than they thought. This phenomenon of higher replacement values, combined with advancements in straight-through-processing (STP), has driven customer sat ... Continue reading
Oct 28, 2021
This delivery marks Lightning eMotors’ initial entry into Canada’s commercial electric vehicle market, and the first deployment in Canada of a fully electric refrigerated vehicle fleet. “We are excited about partnering with Goodfood to help better serve their grocery delivery customers, save on operational costs, ... Continue reading
Sonic Automotive Reports Record Third Quarter Revenues and Earnings Per Share
Oct 28, 2021
expected to add $3.2 billion in revenues on an annualized basis During the third quarter, Sonic repurchased 0.5 million shares of Class A Common Stock for an aggregate purchase price of $24.8 million In October, the Company amended its credit facilities to increase revolver and floor plan commitments from $1.8 billion ... Continue reading
New Car Depreciation Least and Most - Report From ISEECARS.COM
Oct 27, 2021
Jeep Wrangler tops the list of vehicles with the lowest depreciation, at 9.2 percent over five years, compared to 40.1 percent average Nissan LEAF depreciates the most, losing 65.1 percent of its value, amounting to a $23,666 drop in value over five years Trucks and truck-based SUVs hold their value the best, while EVs ... Continue reading
EVgo and GM Energize New EV Fast Chargers at Regency Centers in Arvada, Colorado
Oct 27, 2021
ribbon to celebrate the launch of new EVgo station. (Photo: Business Wire) Colorado state and local government officials, alongside representatives from EVgo, General Motors and Regency Centers, cut ribbon to celebrate the launch of new EVgo station. ... Continue reading
Oct 26, 2021
SUNNYVALE, Calif.--Bloom Energy Corporation, a Silicon Valley-based company committed to changing the way people generate and consume energy, announced today the availability of the Bloom Energy Serverâ„¢, a patented solid oxide fuel cell (SOFC) technology that provides a cleaner, more reliable, and more affordable ... Continue reading
Inside Used Car Values - From The Horses Mouth
Oct 25, 2021
During the Q3 2021 Manheim Used Vehicle Value Index call held earlier this month, we covered a significant amount of material. The Q&A session was robust, which we appreciate, and we ran out of time due to the volume of questions. ... Continue reading
Stellantis and Samsung SDI to Form Joint Venture for Lithium-Ion Battery Production in North America
Oct 22, 2021
Stellantis N.V. and Samsung SDI today announced that their companies have entered into a memorandum of understanding to form a joint venture to produce battery cells and modules for North America. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt hours, with the abil ... Continue reading
Half Of Automotive Advertising To Shift To Digital - 20 Years Later
Oct 22, 2021
This year, for the first time, more than half of those dollars will be spent on digital media. The local newspaper’s auto advertising bonanza is long gone. ... Continue reading
Oct 21, 2021
SAN FRANCISCO--Joyride Autos, the nation’s fastest growing online auction platform and marketplace for undervalued vehicles, today announced that it has brought on John D. Krupnik as the company’s first chief product and technology officer. Krupnik joins Joyride from Insurance Auto Auctions , where he served as chi ... Continue reading
Foxconn sets new milestone with three EV prototypes, says GlobalData
Oct 20, 2021
Foxconn sets new milestone with three EV prototypes, says GlobalData Following the news that Taiwan smartphone maker Foxconn showcased three electric vehicle (EV) prototypes under its own ‘Foxtron’ brand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics co ... Continue reading
Toyota Makes $3.4 billion Investment In Battery Electrification For US Market
Oct 18, 2021
Investment to bring new American plant, production, jobs with focus on carbon neutrality PLANO, Texas (Oct. 18, 2021) – Toyota announced today that it will invest approximately $3.4 billion (380 billion yen) in automotive batteries in the United States through 2030. ... Continue reading
Cazoo to Expand Its Offering Into Commercial Vehicles
Oct 18, 2021
LONDON & NEW YORK--Cazoo , Europe’s leading online car retailer, which makes buying and selling a car as simple and seamless as ordering any other product online, today announced that it has agreed to acquire Vans365, as it moves to expand its online retail proposition to include commercial vehicles. Vans365 is a lea ... Continue reading
Oct 17, 2021
Let Them Eat Cake - Where Are All The Diesel-Hybrids? (Originally Published 2/7/2008), What's The Problem Here? We all know the problem and most of us who look for it can see the solution's right here under our collective noses, right here in virtually everyone's home, office, and every venue we work or play in, in fac ... Continue reading
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