On Jan. 1, 2025, the percentage of potentially eligible used EVs will jump to 89 percent from 65 percent Almost a quarter of electric vehicles in the U.S. may become eligible for a $4,000 tax credit in January, according to data from Recurrent — but they are not all created equal. The EV model year must be […]

A new Oliver Wyman study, commissioned by NADA, believes the cost advantages of hybrid or direct-to-consumer auto distribution models have been overstated. Traditional auto dealership franchises may be the most cost-effective way to sell cars after all. Hybrid and direct-to-consumer vehicle shopping pitched as more efficient alternatives are favored by Tesla and its startup imitators while hybrid or agency […]

Since 1975[1], the FTC has had a Rule, currently called the “Mail, Internet, or Telephone Order Merchandise Rule” (“Rule”) that requires sellers who solicit buyers to order merchandise through the mail, via the Internet, or by phone to make disclosures regarding the shipment time for ordered merchandise. Sellers must have a reasonable basis to expect that they […]

This excerpted chart from a recent round of APEAL shows how Tesla EVs (left blue column) are holding up against non-Tesla EVs (right blue column). The non-Tesla crowd, after quite a few years of flailing around, has now caught up with and surpassed the Palo Alto Austin firm, though only by a few points (7), and with […]

On May 7, 2024, the Federal Trade Commission (FTC) adopted the Non-Compete Clause Rule (“Rule”), which finalizes a comprehensive ban on new non-competes for nearly all workers. The Rule provides that it is an unfair method of competition—and therefore a violation of Section 5 of the FTC Act—for employers to enter into non-competes with workers. […]

Though auto-loan rates remain high, the good news for beleaguered new-vehicle shoppers is that transaction prices are falling and automakers’ incentives are becoming more lucrative than any period since the pandemic slapped the industry silly. Kelly Blue Book reports that incentives last month rose to around 7.0% of the average transaction price, which is the highest level […]

Car companies for years have made the case that they are ready to become technology companies, with plans to transform cars into battery-powered smartphones on wheels. Those ambitions, coupled with an unprecedented run of profitability fueled by stout pricing, lifted stocks. Wall Street’s enthusiasm for that vision has faded, as U.S. electric-vehicle demand hasn’t taken off as […]

By Ben Glickman | ben.glickman@wsj.com Discounts abound as automakers and dealers try to entice hesitant shoppers to make the switch Electric vehicles were a splurge purchase not long ago. Now they are among the biggest bargains on the dealership lot. Many electric models have never been cheaper, as automakers splurge on financing deals and cash […]

High interest rates and tight budgets are making monthly bills unaffordable for a growing number of vehicle owners.  Car repossessions rocketed higher in the first half of the year, a sign of rising consumer distress as the US Federal Reserve weighs interest rate cuts. So far in 2024, repos are up 23 percent compared with the same […]

For the last few months, dealers around the country have been attending their state associations’ annual meetings and conventions. For years, those conventions have brought families together for not only vacation but to highlight the importance of the state dealers association in ensuring the success of the industry as a whole. In the fast-paced and […]