It wasn’t just new cars moving off dealer lots last month, used cars, trucks and SUVs saw plenty of interest as well. If you’re in the market for a vehicle, there’s one end of the market moving faster than the rest. Find out more at Headlight.News.
Sales
Americans Frustrated By High Gas Prices Not Likely to Buy EVs
With gas prices averaging just under $3.50 a gallon, Americans are frustrated. They believe prices are too high and while that might lead you to believe they’re going to turn to electric vehicles in larger numbers, you’d be wrong. Find out more at Headlight.News.
Flexibility is Key, Stellantis CEO Tavares Tells Investors – Though “Arrogance” Almost Knocked it Down
Stellantis faces challenges and has lost ground in the U.S. CEO Carlos Tavares acknowledged during Thursday’s “Investors Day” conference, putting some of the blame on his own shoulders. But the carmaker’s flexible strategy and new products offer hope for the future and protect the company’s profitability, he promised analysts and shareholders.
Consumers Paying Less — Again — for New Vehicles in 2024
The average transaction price for a new car, truck or SUV in May dropped slightly from April. The ATP dropped in the first three months of 2024, before jumping 2.2% in April. However, incentives are on the rise, which is driving what buyers are paying down. Get the details at Headlight.News.
Jeep, Ford Top “Most Patriotic” List for 2024
Not counting the country’s armed forces, the most patriotic brands in the U.S. are Jeep and Ford, according to a new survey. It’s the second year in a row that Jeep finished at the top while Ford moved from No. 3 up to No. 2 this year. Find out more at Headlight.News.
BMW Slashes XM Pricing to Try and Reinvigorate Sales According to Report
BMW reportedly forced to slash prices as slow-selling XM performance SUV remains glued to dealer lots
May Car Sales – Who Gets The Most Speeding Tickets – Ford’s Big News – Toyota Crown Signia Review – This Week in Automotive History Top This Week’s Headlight.News Podcast
Headlight News for the Week of 6-10-24 – May Auto Sales – Who Gets The Most Speeding Tickets – Ford’s Big News – Toyota Crown Signia Review – and This Week in Automotive History
Automakers Moving New Vehicles, But Toyota’s Actually Selling Them, Report Says
Automakers continue growing a previously tight inventory of new vehicles. Having these vehicles on dealer lots gives consumers more choices — choices that turn into purchases eventually. New vehicle movement hit 1.2 million vehicles in May, which is a good sign. However, which automaker is building inventory, and which is selling vehicles is the key differentiator. Get details at Headlight.News.
No EV Slowdown for GM, May Brought “Best Month Ever,” Says CEO Barra
The growth of the U.S. EV market may be slowing for the auto industry overall, General Motors sales were charged up, according to CEO Mary Barra, who said the automaker had its “best month ever” in May. But the automaker is still ready to adjust its electrification plans.
Mopar Releases Annual Special Edition Vehicle
Each year, Mopar, the aftermarket business for Stellantis, puts together a special edition vehicle using components from its portfolio. This year the business unit took on the Jeep Gladiator for a limited run of 250 vehicles. Get details at Headlight.News.
Virginia Quits “Misguided” California EV Mandate
Gov. Glenn Youngkin announced Wednesday that Virginia is walking away from the California electric vehicle mandate which he termed “misguided” and “fundamentally wrong.” Seventeen states and the District of Columbia have adopted the rules which set strict targets for the adoption of zero-emission vehicles, primarily EVs. The move by Youngkin, a Republican, faces legal challenges, however.
Shift to Plug-in Hybrids and Range-Extenders Accelerates
While growth in the battery-electric vehicle segment has slowed sharply this year, sales are rising fast for hybrids – and automakers like Toyota, General Motors, Hyundai Motor Group and others are forecasting demand could grow at a near exponential rate for plug-in hybrids and range-extenders – driven in part by revised federal emissions standards.