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How Are We Feeling About The Automotive Market These Days?

The Truth About Cars

Negative vehicle equity is presently averaging at an all time high of roughly $7,000 in the United States and about 25 percent of trade-ins toward new-car purchases had negative equity. Baby Boomers) are also starting to age out of driving, with many already having purchased their final automobile.

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EV Tax Credits Are Working—Cutting Them Now Would Be a Costly Mistake

Plug in America

EV tax credits work Industry-wide, 87% of all EVs purchased or leased in 2024 received the federal EV tax credit. China has dominated the global auto industry since 2009 and now manufactures over three times the number of automobiles as the U.S. It produces over 60% of the world’s EVs and 80% of its EV batteries.

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2027 Slate Truck Previewed: Both Inspired And Inane

The Truth About Cars

That would seem to indicate it doesn't have a modem of its own and that is an extremely appealing prospect during a period where the user interface on many new automobiles has become downright invasive and unpleasant. The Slate parts catalog will similarly offer a robust number of purchasable items that affect how the vehicle functions.

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Mercedes Design Boss Comes Out Against Screens, Says They’re ‘Not Luxury’

The Truth About Cars

He likewise discussed how lucrative customization has been for the brand, concluding that bespoke automobiles was a growing business. Worse yet, consumers still remember that it was absolutely possible to purchase a well-built, mechanical automobile for a reasonable sum of money not that long ago.

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Stellantis Suggests V8 Return While Promising Revised Business Strategy

The Truth About Cars

The automaker has received a lot of bad publicity in our market, most of it revolving around its handling of the American brands obtained when PSA Group purchased Fiat Chrysler Automobiles (FCA) in 2021. Thats not to suggest that brands like Dodge were offering ultra-dependable automobiles.

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LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

He also admitted that Tesla’s vehicle purchasing process has become overcomplicated. “We’re putting the ‘auto’ in automobile,” Musk said. 16:26 CDT – Hello, everyone, and welcome to our live blog of Tesla’s first-quarter 2024 earnings call. Tesla is an AI company.”

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American Le Mans Series Introduces Green Dream Team

Green Car Congress

Patrón Highcroft races using E10, virtually the same fuel that consumers purchase at the service station. These will include Green Tech Talks to fans at track, promotional events and media messaging outlets such as in-broadcast telecasts, blogs, Twitter and various website initiatives.

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