by Michael Strong | Apr 3, 2020
As the auto industry enters uncharted sales waters courtesy of the current pandemic, finding ways to get potential buyers into new vehicles – or back into vehicles in the case of leasing – is more critical than ever. New vehicle sales in March dropped in the mid-40%...
by Michael Strong | Apr 3, 2020
In what many will consider a bright spot, organizers of the Beijing International Automotive Exhibition revealed they are postponing the event to late September and early October. The show was supposed to be held later this month, but will now take place Sept. 26-Oct....
by Michael Strong | Apr 2, 2020
In another sign of the automotive industry actively pitching in to help battle the coronavirus pandemic, General Motors started training employees to produce ventilators at its components plant in Kokomo, Indiana. GM is partnering with Seattle-based Ventec Life...
by Paul A. Eisenstein | Apr 2, 2020
General Motors and Honda are expanding existing ties, teaming up to develop new battery-electric vehicles the Japanese automaker plans to add to its line-up for the 2024 model-year. Honda will bring two new all-electric models to market, it announced late Thursday,...
by Joseph Szczesny | Apr 2, 2020
The second round of sales reports confirmed March was an awful month for automakers in the U.S. and things don’t look to be any better in April. Ford Motor Co. reported sales dropped 12.5% and sales of the F-150 pick-up truck were down even more, falling 13.5%....
by Paul A. Eisenstein | Apr 2, 2020
Global petroleum prices plunged by more than half last month, with prices at the pump falling to levels not seen in years – but crude oil is showing an unexpected rebound, raising the prospect that the numbers could be ready to bottom out. Brent crude, a global...
by Joseph Szczesny | Apr 2, 2020
Nissan will keep its manufacturing and assembly plants in Tennessee and Mississippi shuttered until the end of April, although the company but did not specify a specific date. Volkswagen of America also announced it was pushing back the date it plans to resume...
by Michael Strong | Apr 1, 2020
By 2025, the world will be awash in electric vehicles, if the production plans laid out by more than a dozen automakers remain unchanged. The pronouncements by automakers leaves one to wonder: How will they do it? Just what kind of vehicles will we get in the U.S.?...
by Joseph Szczesny | Apr 1, 2020
A good start to vehicle sales in January and February ended abruptly in mid-March as carmakers reported sales dropped precipitously as state and local officials shut businesses and put social distancing measures in place in response to the coronavirus pandemic....
by Michael Strong | Apr 1, 2020
For those thinking that the Federal Reserve’s move to essentially cut the interest rate to zero last month would be a boon to those in the new vehicle market due to anticipated rise in low-interest and zero-percent loans, March was a disappointing month. The average...
by Paul A. Eisenstein | Apr 1, 2020
Volkswagen lifted a page from the Jeep handbook, scoring a hit with the Basecamp concept it introduced at last year’s New York International Auto Show, showing off all the ways its popular Atlas sport-utility vehicle can be customized for outdoor types. Almost exactly...
by Paul A. Eisenstein | Mar 31, 2020
The White House on Tuesday formalized plans to roll back fuel economy standards set during the Obama administration, a move expected to substantially lower the mileage the typical new vehicle will deliver by 2025. What the administration is calling the “Safer...
