Swedish-based Volvo Cars became the latest automaker to take a hard look at its commitment to become an all-electric vehicle maker and decide it couldn’t do it. Find out why and what it is going to do to at Headlight.News.
Sales
First Drive: 2025 Hyundai Tucson Takes Aim at Toyota, Honda
It may trail the leaders, Toyota and Hyundai, in the compact crossover market, but Hyundai is determined to give them chase and, based on the updated 2025 Tucson, the competitors need to be looking over their shoulders. Headlight.News spent time checking out the Korean CUV and files this review.
Automotive Brand Loyalty Increases During First Half of 2024
For the first time in several years, the number of people buying a new vehicle remained loyal to the brand of car, truck or SUV they were getting out of. According to S&P Global Mobility, the first half registration data showed 52.5% of buyers remained loyal — a 1.9% increase on a year-over-year basis. Find out more at Headlight.News.
Hyundai Way Means Massive Sales Increase, More Hybrids, More Profit
South Korean automotive behemoth Hyundai Motor expects to sell 5.5 million vehicles globally by the end of the decade, including 2 million EVs and 1.8 million hybrids. The global number represents a 30% jump over last year’s numbers. Find out more at Headlight.News.
New Vehicle Sales Expected to Make Big Jump in August
The auto industry’s been expecting a big sales month at some point this summer in the wake of the CDK outage that cut into new vehicle sales in mid-June. Some thought it would come in July, but inventory levels we’re quite settled. But now it appears everything’s in place for a 7% year-over-year increase. Find out more at Headlight.News.
As Profits Sag and Inventories Bulge, Tavares Visits U.S.
With North American sales and earnings on the slide, Stellantis faces a number of challenges that have already led to some major changes in upper management and layoffs on the factory floor. And CEO Carlos Tavares is under mounting pressure to find a fix, reports Headlight.News.
Volkswagen’s Reborn Microvan, the ID.Buzz, Will Start at $61,545
It’s been a decade’s long wait but Volkswagen is finally ready to bring the replacement for its iconic Microbus back to the U.S. market. And while the original might have been an affordable people-mover, buyers of the new VW ID.Buzz will have to reach deeper into their pockets, the all-electric model starting at $61,545.
Trump May End EV Tax Credits Even While Considering A White House Role for Tesla’ Musk
The $7,500 federal tax credit for buyers of battery-electric vehicles could be dropped if Donald Trump returns to the White House next January, the presidential candidate said in an interview. At the same time, Trump said he’s open to finding a role for Tesla CEO Elon Musk, possibly even making him a member of his cabinet.
New Vehicle Prices Keep Falling as Rising Inventory Increases Pressure
The average transaction price for a new vehicle fell last month — the 10th straight month of declines as the push by automakers to rebuild inventories exerts pressure on prices. As more and more vehicles sit longer and longer on lots, automakers offer higher incentives to move new metal. Find out more at Headline.News.
Tesla Cybertruck Range Too Short? No Problem – Second Battery Will Cost $16,000, Take up 1/3 of the Cargo Bed
The Tesla Cybertruck missed a number of earlier targets, coming in 50% more expensive than planned, while offering about a third less range than promised by CEO Elon Musk back in 2019. Now, the automaker is ready to address the range problem by offering a range-extender battery that sits in the forward part of the bed. But it creates other problems: adding substantial cost while reducing cargo capacity.
Musk Uses Live Conversation With Trump to Pitch EVs to Candidate’s Skeptical Followers
It was billed as an “interview” with presidential candidate Donald Trump but billionaire entrepreneur Elon Musk used the Monday night event on social media service X to promote the benefits of EVs – those from Tesla, in particular. It’s no easy sell, at least to the former president’s followers.
Tesla Halts Orders for Base Cybertruck, Shifts Focus to $100,000 Model
Tesla has stopped taking orders for the $61,000 Cybertruck, making a $100,000 version of the electric pickup the new base offering. The move surprised many observers as demand appears to be falling well short of initial expectations – and comes just days after Tesla CEO Elon Musk acknowledged Cybertruck may be overpriced.