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QOTD: Which Racetrack Would You Buy?

The Truth About Cars

Earlier today, we brought you the news that the iconic Willow Springs Raceway in California is for sale. Now I am wondering -- if any racetrack in the world was for sale, which one would you buy? Now it's your turn -- which track would you buy? For me, the answer is simple -- Road America in Wisconsin.

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Experts discuss the remaining hurdle to EV sales

Teslarati

Experts in the auto industry believe affordability is the remaining hurdle preventing electric vehicle (EV) sales from rising. Dave Katarski, the COO of Feldman Automotive Group, observed that people tend to buy EVs when they can afford them. EVs, when the price and payment is there, they’re not afraid to buy them.

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Penske Automotive Buys Largest Ford Dealer Network By Sales

The Truth About Cars

While best known for its commercial trucking services, Penske has been ramping up dealer acquisitions, buying out trucking rivals and trying to expand its already sizable footprint in both Europe and Australia. It’s not great news for anybody hoping to start a multi-generational automotive business. in Massachusetts.

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QOTD: Lease or Buy?

The Truth About Cars

Today's story about almost half of EV sales being leases, plus a conversation that will be part of our next podcast, got me wondering: How many of you buy, and how many lease? Do you prefer to buy or lease, or does it change depending on your situation at any given time? This QOTD is pretty straightforward. Sound off below.

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Tesla (TSLA) gets “Buy” rating and $295 price target from Deutsche Bank

Teslarati

Tesla ( NASDAQ:TSLA ) has received an optimistic “Buy” rating and $295 price target from Deutsche Bank analyst Edison Yu. The Deutsche Bank analyst estimated that Tesla’s battery storage business alone could generate about $13 billion in sales by 2025, as noted in an Investing.com report.

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BYD Buys Car Distributor in Germany, fueling Push in Europe

Teslarati

BYD Automotive GmbH plans to buy Hedin Electric Mobility, a car distributor in Germany. BYD will gain more control over its European sales through the Hedin purchase. It will take over sales activities in the German market and directly manage stores in Stuttgart and Frankfurt.

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EVs and hybrids now make up 16% of US light-duty vehicle sales – this is who’s buying them

Electrek

Hybrid, plug-in hybrid, and battery EVs collectively accounted for 16% of US light-duty vehicle sales in the second quarter of 2023, according to the US Energy Information Administration ( EIA ). more… The post EVs and hybrids now make up 16% of US light-duty vehicle sales – this is who’s buying them appeared first on Electrek.

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