EV Tax Credits May Put Brakes on EV Adoption
Major automakers say the $430 billion bill approved Sunday by the U.S. Senate will put the brakes on achieving U.S. electric-vehicle adoption targets for 2030.
Major automakers say the $430 billion bill approved Sunday by the U.S. Senate will put the brakes on achieving U.S. electric-vehicle adoption targets for 2030.
Q2 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
Subaru profit jumped 25% in the latest quarter as the automaker recovered production, ramped up sales and cashed in on favorable exchanges rates.
Ford Motor Co. saw U.S. sales rebound sharply in July for the second consecutive month while Toyota Motor Corp. and Honda Motor Co. saw sales dip for the 12th consecutive month.
The Retention Index decreased to 189.4 points in July as consumer confidence remained at historic lows.
Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
The House is expected to also pass the bipartisan bill that earmarks billions of dollars to boost domestic semiconductor production.
General Motors, Ford Motor and Stellantis may need to boost wages as they negotiate a four-year labor contract for 150,000 employees.
Penske Automotive Group reported a 10% rise in income to $375.9 million in the second quarter, its most profitable quarter ever.
Whether it is as a result of current inflationary pressures causing a pullback from consumers, or is more evidence of a return to traditional seasonal valuation patterns, prices have dropped for most segments as we reach the mid-point of summer.
July U.S. auto sales are expected to show very little change from June’s results as a lack of supply continues to batter the new-vehicle market.
The Estimated Average Weekly Sales Rate remains somewhat stagnant, around the 66% mark.
But the automaker remains bullish that stronger results are possible in the second half of the year.
Kelley Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots.
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