Category Archives for Around the Industry

Foreign carmakers outproduce Detroit brands in U.S. for first time

By Luke Ramseth | Bloomberg’s Keith Laing contributed Foreign-owned manufacturers built more vehicles in the United States last year than their rivals in Detroit, a first for the market that underscores major shifts in domestic auto production. Non-U.S. automakers including Toyota Motor Corp. and Mercedes-Benz Group AG built more than 4.9 million cars in 2023, […]

Car prices are declining. Buyers aren’t seeing it.

Average price paid is expected to fall this year for first time since 2008, but interest rates keep payments high Many Americans are hitting their breaking point on what they are willing to spend on a new car, as higher interest rates take a bite out of what they can afford.  The average out-the-door price for a […]