Attacks from short sellers and the collapse of auto lender Tricolor haven’t slowed down America’s most valuable used-car retailer A white 2024 Tesla Model Y slowly rolls down the lane through a crowd of mostly men dressed in golf shirts and jeans. The onlookers, buyers from car dealerships who’ve all descended onto this auction site […]

Automaker says it overestimated demand for electric vehicles Jeep maker Stellantis said it would book charges of about $26 billion, the latest automaker to flush out massive investments in electric vehicles that many Americans are still reluctant to buy. The company’s Milan-listed shares fell 25 percent to their lowest level since its creation from the […]

With affordability top of mind for US voters as November’s midterm elections approach, Republicans have been focusing attention on one of the most visible pain points for consumers: the price of a new car. The average figure broke $50,000 for the first time last September and hit $50,326 in December, according to the Kelley Blue Book car buying guide. Researcher Edmunds.com calculates that the average has risen […]

Every model listed is either a hybrid, available as one, or an electric vehicle for the first time Given the persistently high average price of a new car, it’s crucial for shoppers to choose a model that’s worth their hard-earned money, keeps them safe, and meets their needs and expectations for years to come. To […]

The global transition to electric vehicles is beginning to unravel the way major changeovers often do: slowly at first, then all at once. This week brought a cascade of signals that the EV era is entering a more uncertain, more contested phase. The European Commission backed away from what had been the world’s most aggressive […]

The European Union proposed watering down rules that would have effectively banned the sale of new combustion-engine cars in the bloc from 2035, after heavy pressure from the automotive industry. The move announced Tuesday is the latest sign of a major economy pulling back on its electric-vehicle ambitions as the transition away from gasoline-powered cars proves more difficult than […]

Ford Motor Company said Monday it expected to take about $19.5 billion in charges, mainly tied to its electric-vehicle business, a massive hit as the automaker retrenches in the face of sinking EV demand. The sum is among the largest impairments taken by a company and marks the U.S. auto industry’s biggest reckoning to date […]

By Nick Carey While Western nations focus on the competitive threat of Chinese EVs, a different challenge is reshaping the auto industry. Beijing’s legacy automakers are saturating emerging and second-tier markets with fossil-fuel vehicles — often undercutting their foreign partners. WARSAW – China’s electric-vehicle industry captured half its domestic market in just a few years, crushing […]

Some dealers may not view their franchisors as suppliers, but they are if programs are offered, not mandated. You cannot negotiate the standard terms of your dealer sales and service agreement. However, addenda to the DSSA are, as well as those programs that are “voluntary” (we understand we must use this word carefully since the […]

Shoppers are downsizing, buying used vehicles, taking on longer car loans and holding out for deals For years it has seemed no sticker price was too high for American car buyers. Even as average new car prices approached $50,000 this year, dealers fretted more over depleted inventories than losing customers to sticker shock. Those days […]