Hackers blurred the sales picture for June. But it appears that overall demand was less than stellar, major brands like GM, Toyota and Hyundai reporting modest declines for the second quarter overall. That said, EV sales were stronger than anticipated — with one key exception.
It’s become conventional wisdom that EV sales are slowing. With one high-profile exception, the latest numbers would tell you quite the opposite is true. As data roll in for June and the second quarter we’re seeing a number of manufacturers reporting solid increases...
The ongoing CDK Cyberattack crippled 15,000 dealerships across the country but there appears to be light at the end of the tunnel with CDK confirming that it will fully restore its services on July 4th.
Prices at the gas pump remained uncharacteristically flat through the first month of the summer season, but that’s changed with the looming Independence Day holiday weekend. The national average rose to $3.50 a gallon — up 5 cents and it may continue. Get details at Headlight.News.
With the EV market taking longer to charge up than many have expected, Mercedes-Benz is putting money back into the development of internal combustion technology, as well as hybrids, CEO Ola Kallenius said. But the automaker isn’t scrapping plans for a new EV architecture, despite recent reports, the executive said.
Electric vehicle sales have been pretty steady as a group, but that’s in large measure due to Tesla, the segment leader, seeing sales drop since the start of the year. Analysts predict Tesla’s global deliveries will drop at least 3% during Q2 while other EV makers are making gains. Find out more at Headlight.News.
With fatalities rising fast, NHTSA has enacted rules requiring the use of sophisticated detection and auto-braking technologies intended to protect pedestrian – as well as those riding bicycles and motorcycles. But automakers are pushing back, claiming they can’t meet the new mandates set to go into effect in 2029.
Polestar reports increased losses for the 2023 fiscal year as the company faces renewed questions about its long-term future amid struggles with cash burn and slumping EV demand.
The constant addition of new technologies to new vehicles continues to give automakers problems with quality, according to J.D. Power’s latest Initial Quality Study. The same study shows Ram and Porsche were the top quality brands in their categories. Go to Headlight.News for more details.
One of the big problems with getting wider acceptance of electric vehicles is the price. So many EVs are priced well beyond the means of the average buyer. Finally some companies are working on the “$25K” electric vehicle, including General Motors, Tesla and now Hyundai. But will it come to the U.S.? Check out the story at Headlight.News.
Ford’s secret “skunkworks” program aimed at developing “a new generation” of affordable – and profitable – EVs will operate out of a new headquarters in Long Beach, California, not far from an old factory company founder Henry Ford set up 94 years ago to build the automaker’s Model A.
Still in its early ramp-up phase, the Tesla Cybertruck has faced a serious of problems since its official launch last November. The latest signs of trouble? Two new safety recalls — including windshield wiper failures — that can’t be fixed with updated software.