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General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake...
https://www.agent-entrepreneur.com/368050/gm-hedges-its-bets-on-ultium-platform
The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.
https://www.agent-entrepreneur.com/368047/tesla-insurance-options-pick-up-steam
The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.
https://www.agent-entrepreneur.com/368043/illinois-suspends-carvana-dealer-license
New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s...
https://www.agent-entrepreneur.com/368045/with-new-vehicle-prices-climbing-in-april-affordability-declines-further
The challenge arises over the EPA decision to reinstate the waiver and withdraw its interpretation of the Clean Air Act that would prohibit other states...
https://www.agent-entrepreneur.com/368041/attorney-generals-sue-epa-over-clean-air-act-waiver
This week, NADA and 12 industry partners urged Congress to take up the PART Act to help fight catalytic converter theft, and specifically asked for the...
https://www.agent-entrepreneur.com/368037/nada-leads-the-charge-on-combatting-growing-problem-of-catalytic-converter-theft
The National Automobile Dealers Association and 12 other trade groups to urge Congress to advance a bipartisan bill to combat this rising threat.
https://www.agent-entrepreneur.com/368035/trade-groups-demand-action-as-catalytic-converter-thefts-soar
The Estimated Average Weekly Sales Rate continues to increase and now is at 72%.
https://www.agent-entrepreneur.com/368027/black-book-market-insights
Q1 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
https://www.agent-entrepreneur.com/368000/despite-a-series-of-challenges-consumer-credit-health-remains-relatively-strong-in-opening-quarter-of-2022
While demand for commercial vehicle inventory remained high, several movements in the data indicated there are trends shaping the industry and driving buyer...
https://www.agent-entrepreneur.com/367960/commercial-vehicle-data-shows-continued-buyer-challenges
The seasonally adjusted Retention Index went down to 185.4 points in April 2022 as high gas prices strengthen some segments and weaken others.
https://www.agent-entrepreneur.com/367945/black-books-used-vehicle-retention-index-drops-again-as-rollercoaster-ride-conti
The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
https://www.agent-entrepreneur.com/367931/black-book-weekly-market-insights-1
The Fed delivered on expectations today by raising the target rate for the Federal Funds Rate by half of a percentage point and announcing the plan to start...
https://www.agent-entrepreneur.com/367929/cox-automotive-implications-of-fed-moving-rates-higher-and-starting-quantitative
The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.
https://www.agent-entrepreneur.com/367923/toyota-honda-hyundai-and-kia-sales-plummet-in-april
The automaker saw a Quarter One net income of $2.9 billion, just 2.7% lower than 2021, despite $2.5 billion in increased costs as global revenue rose 11%.
https://www.agent-entrepreneur.com/367921/gm-looks-to-pricing-power-and-pent-up-demand-to-keep-profits-high
Toyota Motor Corp. is getting closer to using up a key U.S. tax credit for hybrid and electric vehicles, a situation company leaders say will raise its...
https://www.agent-entrepreneur.com/367919/toyota-to-hit-tax-credit-limit-for-evs-and-hybrid-vehicles
Acquisition adds complementary product portfolio to Protective's asset protection division.
https://www.agent-entrepreneur.com/367910/protective-closes-on-aul-acquisition
Inventory shortages have vehicle lessees re-evaluating their end-of-lease options.
https://www.agent-entrepreneur.com/367901/car-lease-options-in-a-chip-shortage-pandemic
Penske Automotive Group first quarter net income sored from $183.1 million year over year to $369.5 million.
https://www.agent-entrepreneur.com/367876/penske-automotive-group-more-than-doubles-q1-net-income
Most categories of dealership service and parts businesses have recovered from COVID-19 shutdowns, especially customer-pay work.
https://www.agent-entrepreneur.com/367863/parts-and-services-bounce-back
General Motors has requested its suppliers to sign a pledge of carbon neutrality and commit to social responsibility programs and sustainable procurement...
https://www.agent-entrepreneur.com/367861/gm-asks-suppliers-to-sign-pledge-to-carbon-neutrality
The ongoing microchip supply shortage has caused automakers to trim 87,500 more vehicles from their production forecasts, reports AutoForecast Solutions.
https://www.agent-entrepreneur.com/367859/microchip-supply-shortage-continues-to-hamper-vehicle-production
The consistency of new vehicle inventory levels over the last six months suggests that the industry is readjusting to a ‘new normal’ level of inventory...
https://www.agent-entrepreneur.com/367845/zerosum-market-first-report-april-2022-automotive-inventory-data-and-sales-forec