New light-vehicle sales in April were up 2.3 per cent compared with the same period last year, but still below pre-pandemic levels, at an estimated 144,069 units compared with 180,616 in April 2019, according to DesRosiers Automotive Consultants. Sales in April were also slightly below March. All figures are estimates now that the vast majority…
Tag: news in the automotive industry
Ford sales rise 10% in the first quarter as inventory improves
Ford Motor Co.’s US light-vehicle sales rose 9.9 percent in the first quarter, driven by increasing supplies and strong demand for new products. Sales by the Ford brand jumped 10 percent, making it the bestselling US brand in January through March. Lincoln sales fell 1.1 percent on fewer deliveries of the Corsair compact crossover. In…
Mullen Automotive Accelerates Implementation of Its
Class 1 commercial EV cargo vans to be outfitted with Mullen’s solid-state polymer battery technology, increasing current range from 110 miles to more than 200 miles on a single charge The first Class 1 EV cargo van test vehicle with the solid-state polymer technology will be hitting the roads for testing by Q4 2023 BREA,…
Lithia Motors buys UK dealership group Jardine Motors
Jardine Motors has more than 40 new-vehicle franchise points in the UK, with a portfolio of luxury brands including Aston Martin, Porsche and BMW, DeBoer said. Part of the conglomerate Jardine Matheson Holdings, Jardine is Europe’s 23rd-largest dealership group by annual revenue, according to Automotive News Europe’s 2022 Guide to Europe’s Biggest Dealers. The deal…
These Automakers Can’t Quite Hold Onto Their First-Time Buyers
The back of a Ram truck is seen on a sales lot on May 23, 2017 in Miami, Florida. Some automakers are struggling to convince first-time buyers to return to the showroom, Elon Musk tested that he really believed he’d be able to take Tesla private in 2018 with some help and Audi took Nio…
Nissan Is Considering a Small Electric Pickup Truck for the US
Report: Nissan Considering a Small Electric TruckNissan Nissan currently only sells the mid-size Frontier and the full-size Titan on American shores. With the Titan struggling to sell even half as well as domestic pickup-truck stalwarts such as the Ford F-150 and Chevy Silverado 1500, it’s only a matter of time until Nissan puts its half-ton…
Car dealerships slowly examine ChatGPT’s potential
Dealerships may be dabbling in ChatGPT right now, but some of their technology providers believe adoption will happen swiftly. “I think we’re talking a year to a year and a half where [ChatGPT is] doing a huge amount of the car-buying process itself in an automated way,” Horwitz said. IMG05 TruVideo — maker of a…
The latest numbers on the automotive microchip shortage
There are more signs that the microchip shortage is easing, even as automakers cut 82,573 vehicles from production plans worldwide last week, according to the latest estimates from AutoForecast Solutions. North American factories lost 38,677 vehicles because of a lack of semiconductors last week, in addition to 21,700 cut from assembly plants in China and…