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April auto gross sales defy financial hesitancy

Baua Electric

.” Regardless of buying groceries process, affordability extra a priority. Chris Hopson, most important analyst at S&P World Mobility, stated the “unsteadiness” within the economic system shall be mirrored in auto gross sales, and volatility is most probably within the coming months. Honda Motor Co.,

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Hyundai & Kia to pay record $100M penalty for GHG conformity violations & lose $200M+ in emission credits

Green Car Congress

Hyundai and Kia will pay a combined $100-million civil penalty, the largest in Clean Air Act history, to resolve violations concerning the testing and certification of vehicles sold in the US (“Conformity Violations”) and will spend approximately $50 million on measures to prevent any future violations. Hyundai and Kia will also forfeit 4.75

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BMW is Willing to Pay to Attract Customers from Other EV Brands

The Truth About Cars

Tesla might not be the most dominant EV maker in the world, but it’s on top of the market here in the United States. BMW is hoping to take some of the shine off of Tesla’s crown with a new incentive that gives buyers a $1,000 discount to buy one of its new EVs.

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Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

The United States reportedly hit the 80-day mark (representing a 38 percent increase from the same time a year ago) at the very end of January. The month of December, when luxury vehicle sales typically surge, often sees a jump in average transaction prices.) Discounts and incentives in January averaged 5.7

Supplies 112
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Tesla Model 3 and Model Y Just Got Cheaper. Again

The Truth About Cars

Though it’s now cheaper to buy a new Tesla Model 3 or Model Y, some are eligible for federal tax credits, making them even more appealing. Changes in the rules have excluded vehicles from Hyundai and Kia, two major contenders for the top EV sales spot in the United States.

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Tesla’s new customers come from Toyota, Honda most frequently: study

Teslarati

Research published by S&P Global Mobility has identified which brands consumers are leaving when they buy a new Tesla. Tesla has become notorious for taking the sales of other notable brands as customers look to switch to electric vehicles. Combined, these four brands account for over 93% of luxury EV sales in the U.S.

Honda 99
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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

A recent survey, conducted by Automotive News , has indicated that automotive dealerships are still broadly dissatisfied with the Biden administration’s strategy to force the United States to pivot toward all-electric vehicles. Others likewise said that it should be the market driving EV sales, not pressure from the government.&

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