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  • Dec. U.S. auto sales: GM reclaims U.S. sales crown; Toyota, Ford edge up; Hyundai, Kia post double-digit gains to finish 2022
    Automotive

    Dec. U.S. auto sales: GM reclaims U.S. sales crown; Toyota, Ford edge up; Hyundai, Kia post double-digit gains to finish 2022

    January 6, 2023 /

    Standard Motors, driven by robust light-truck deliveries, described a 42 per cent enhance in fourth quarter light-weight-car or truck quantity, with product sales rising 44 per cent at Chevrolet, 42 p.c at GMC and 75 p.c Cadillac. Buick was the only GM model to post lower volume in the final quarter of 2022, down 6.5 per cent, extending the brand’s declines to 6 consecutive quarters. GM also reclaimed the title of top-advertising automaker in the U.S. in 2022 by approximately 150,000 units after Toyota Motor grabbed the crown in 2021. GM, the market’s longtime chief until eventually 2021, noted U.S. deliveries of 2.258 million past 12 months, up 2.5 p.c,…

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    Francis McGee Comments Off on Dec. U.S. auto sales: GM reclaims U.S. sales crown; Toyota, Ford edge up; Hyundai, Kia post double-digit gains to finish 2022

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    Mullen Automotive, Inc. (NASDAQ:MULN) most popular amongst individual investors who own 44{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, insiders hold 6.3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}

    Mullen Automotive, Inc. (NASDAQ:MULN) most popular amongst individual investors who own 44{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, insiders hold 6.3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}

    April 17, 2023
    Rivian Automotive (RIVN) Outpaces Stock Market Gains: What You Should Know

    Rivian Automotive (RIVN) Outpaces Stock Market Gains: What You Should Know

    February 3, 2023
    J.D. Power: EVs affordable with tax incentives and more supply

    J.D. Power: EVs affordable with tax incentives and more supply

    March 30, 2023
  • Auto execs less confident in EV adoption amid economic fears: KPMG
    Automotive

    Auto execs less confident in EV adoption amid economic fears: KPMG

    December 21, 2022 /

    A NYC charging station witnessed in the Yorkville community of New York Town. Adam Jeffery | CNBC DETROIT — International automotive executives are a lot less assured about the rate of adoption of electric motor vehicles than they were a year in the past amid provide chain difficulties and climbing economic problems, in accordance to a study released Tuesday. Of the additional than 900 automotive executives who took aspect in the yearly world vehicle survey by KPMG, the international consulting and accounting firm reports 76{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} are anxious that inflation and significant interest charges will adversely impact their organization upcoming calendar year. In just the U.S., the figure was 84{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Amid…

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    Francis McGee Comments Off on Auto execs less confident in EV adoption amid economic fears: KPMG

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    Henrik Fisker wants to sell you an EV you can actually afford

    Henrik Fisker wants to sell you an EV you can actually afford

    January 4, 2023
    Dec. U.S. auto sales: SAAR tops forecasts; GM reclaims sales crown; Toyota, Ford edge up; Hyundai, Kia post double-digit gains to finish 2022

    Dec. U.S. auto sales: SAAR tops forecasts; GM reclaims sales crown; Toyota, Ford edge up; Hyundai, Kia post double-digit gains to finish 2022

    January 9, 2023
    LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation

    LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation

    December 26, 2022
  • California cracks down on auto loan GAP coverage
    Automotive

    California cracks down on auto loan GAP coverage

    September 30, 2022 /

    AB 2311 bans Gap profits on California auto financial loans for considerably less than 70 per cent of a vehicle’s worth or which finance more than Hole would include, and it caps the value of Hole at 4 per cent of the amount of money the borrower funds. The normal new-vehicle financial loan financed $40,290 throughout the 2nd quarter, although the normal applied-vehicle mortgage concerned $28,534, according to Experian. Vehicle offers with loan-to-auto-price ratios over the personal loan-to-price ratio restrict in the Gap coverage would continue to be permitted if potential buyers are notified of this imbalance “in crafting, acknowledged by the consumer,” the invoice states. The evaluate also needs…

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    Francis McGee Comments Off on California cracks down on auto loan GAP coverage

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    Inside moving exhibits at L.A.’s Petersen Automotive Museum

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    February 7, 2023
    Car prices hit record high as automakers limit output

    Car prices hit record high as automakers limit output

    February 16, 2023
    All-Electric Car Registrations Exceeded 600,000 By End Of October 2022

    All-Electric Car Registrations Exceeded 600,000 By End Of October 2022

    December 12, 2022
  • FTC sending $415K to Tate’s Auto Group dealership customers
    Automotive

    FTC sending $415K to Tate’s Auto Group dealership customers

    September 28, 2022 /

    Much more than $415,000 well worth of refunds are on their way to 3,508 former buyers of the now-shuttered Tate’s Vehicle Group, the Federal Trade Commission introduced Sept. 15. The cash will compensate buyers who financed a car at a Tate’s Vehicle dealership and experienced the car or truck repossessed, in accordance to the FTC. The agency in 2018 alleged the four-locale Arizona and New Mexico group falsified purchaser cash flow and down payments on credit history apps — environment buyers up with loans they could not afford. Quite a few of the dealership’s buyers had been citizens of the Navajo Nation, according to the FTC. The payouts occur about…

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    Francis McGee Comments Off on FTC sending $415K to Tate’s Auto Group dealership customers

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    Barclays Says These 2 Automotive Stocks Are Hot Buys Right Now

    Barclays Says These 2 Automotive Stocks Are Hot Buys Right Now

    February 25, 2023
    Goldman Sachs Says These 2 Automotive LiDAR Stocks Should Be On Your Radar; Sees at Least 90{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Upside Potential

    Goldman Sachs Says These 2 Automotive LiDAR Stocks Should Be On Your Radar; Sees at Least 90{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Upside Potential

    March 21, 2023
    Global Automotive Aftermarket Market Report to 2031

    Global Automotive Aftermarket Market Report to 2031

    December 30, 2022
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