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Auto shows drive car sales, new data shows
A new study challenges the notion that auto shows are relics of the past, indicating that in-person vehicle events drive purchase decisions and brand engagement in an increasingly digital market. According to the report by Clarify Group, visitors to North America’s three largest events in Toronto, New York and Los Angeles are nearly three times […]
How China took over the world’s rare-earths industry
Beijing used bare-knuckle tactics in multidecade effort to consolidate control over supplies When China tightened restrictions on rare-earth exports this month, stunning the White House, it was the latest reminder of Beijing’s control over an industry vital to the world economy. Its dominance was decades in the making. Since the 1990s, China has used aggressive tactics to […]
The rest of the world is following America’s retreat on EVs
Canada, U.K. and European Union back off electric-vehicle targets as economic reality sets in and even China shows cracks The U.S. retreat from its electric-vehicle ambitions is spreading around the globe. In Canada, Prime Minister Mark Carney paused an electric-vehicle sales mandate that was set to take effect next year. In the U.K., Prime Minister Keir Starmer has allowed […]
Americans are falling behind on their car payments
Delinquency rates on subprime auto loans are at records One of the cylinders in the U.S. economic engine is causing some sputtering. Since the pandemic, buyers on auto-dealer lots have encountered surging sticker prices and smaller incentives from automakers to lessen the blow. To afford an automobile, more consumers, especially lower-income families, have resorted to […]
Sometimes car tech goes too far. Automakers are admitting it
When Tesla Inc. designer Franz von Holzhausen announced that his team would reconfigure the signature pop-out electronic door handles that had been criticized as a safety hazard, it was a rare admission that the company needed to adjust and improve a long-standing product. “The idea of combining the electronic one and the manual one together […]
Trump’s new car-loan tax break might break your brain
General Motors’ finance chief predicts car shoppers are going to come to dealer lots with a new question: “Where was this vehicle built?” That is because in President Trump’s new tax law, car buyers can qualify for a tax deduction on interest from car loans used to finance the purchase of vehicles assembled in the U.S. […]
Car buyers are showing up to auto lots with cash to spend
The consumer economy is cooling and car prices remain vastly higher from just a few years ago. But there is little sign that high car prices at dealers’ lots are weighing heavily on overall sales trends, according to the head of auto lending at JPMorgan’s consumer and community bank. Despite the dual sting of more than three […]
LIberation Day for gas-powered vehicles
Editorial Board The Senate voted 51-44 on Thursday to free Americans from California’s onerous electric-vehicle mandate. This is a real Liberation Day, and the voters who re-elected President Trump won’t fail to notice when he signs the resolution. Feel free to rev your engines in approval. If Gov. Gavin Newsom hears it loud enough, maybe he won’t […]
Electric vehicles died a century ago. Could that happen again?
More than a century before Tesla rolled out its first cars, the Baker Electric Coupe and the Riker Electric Roadster rumbled down American streets. Battery-powered cars were so popular that, for a time, about a third of New York’s taxis were electric. But those early electric vehicles began to lose ground to a new class […]
WSJ Opinion: The politics of EVs have changed
The Wall Street Journal Editorial Board The times they are a changin’, especially on progressive climate dogma. On Thursday the House voted in strong bipartisan fashion to overturn the EV mandate the Biden Administration let California impose on the rest of America. The vote was 246-164 for a Congressional Review Act (CRA) resolution to repeal […]