The California New Car Dealers Association (CNCDA) recently published its 2023 California Auto Outlook report, shedding light on automotive industry trends and a surprising shift in electric vehicle demand throughout the second quarter. On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Brian Maas, president of the CNCDA and the 2023 chairman … Read more
A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. REUTERS/Thomas Peter/File photo Aug 3 (Reuters) – U.S. electric vehicle startups are expected to show the impact of Tesla’s price war when they report quarterly results over the next few days, with investors awaiting details on how the … Read more
HOUSTON (ICIS)–US July sales of new light vehicles jumped by more than 18% year on year and are up by more than 13% year to date, and automakers expect consumers to continue buying amid pent-up demand from the past two years. Kevin Swift, ICIS senior economist for Global Chemicals, said the strong sales numbers are … Read more
NEW YORK, Aug. 2, 2023 /PRNewswire/ — The electric vehicle supply equipment market size is estimated to grow by USD 68,744.87 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 29.9% during the forecast period. However, the growth momentum will progress. For more insights on the historic (2017 to … Read more
ReportLinker Executive Summary. Azoth Analytics has released a research report titled “Global Car Wash and Detailing Market (2023 Edition)” which provides a complete analysis of the Global Car Wash and Detailing industry in terms of market segmentation By Type (Car Wash, Car Detailing), By Service (Self Service, Tunnel Wash, In Bay Automatic, Exterior Detailing, Interior … Read more
Ford said last week its electric vehicle operations are on track to lose USD 4.5 billion this year, a 50% wider loss than previously projected. Ford said Tuesday it has restarted assembly of its F-150 Lightning electric truck and is now driving to triple the production rate, setting up a multibillion-dollar test of whether mainstream … Read more
Growing momentum and industry confidence evidenced by truck sales orders PHOENIX, Aug. 2, 2023 /PRNewswire/ — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced that Nikola and its dealer network, with most of the agreements between fleets and dealers directly, have surpassed 200 … Read more
End consumers are looking for more features that enhance their driving experience, such as in-vehicle infotainment, voice assistance, and gesture interface. The automotive industry is undergoing a transformation through the ACES trend, where connectivity plays a major role in boosting technological advancement. With a projected market size of USD 156.6 billion by 2027 and a … Read more
[1/2]A Ford all-electric F-150 Lightning truck prototype is seen at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S. September 16, 2021 REUTERS/Rebecca Cook/File photo DETROIT, Aug 1 (Reuters) – Ford said Tuesday it has restarted assembly of its F-150 Lightning electric truck and is now driving to triple the production rate, setting up a … Read more
When buying an electric vehicle, consumers want an experience that matches their expectations of the car itself. That is, something exciting and innovative but also reliable and predictable. They expect to both transact online and negotiate with a real person, and they still need to take a test drive. However, the overall experience needs to … Read more