New vehicles at a near-empty lot at a Jeep dealership in Littleton, Colo. in July 2021. (AP Photo/David Zalubowski) Soaring car prices have set off a battle between automakers and independent dealers, with consumers routinely paying hundreds, often thousands, more than the listed price amid a protracted vehicle shortage. Ford […]
Automakers
DETROIT (AP) — Rick Hendrick erased any doubt that marketing in motorsports is still effective when his automotive sales group bought the sponsorship rights through 2023 for NASCAR title contender Kyle Larson. © Provided by The Canadian Press With few companies willing to back Larson upon his return from a […]
Gas will be out of gas if President Biden has his way. The White House on Thursday announced a goal of making half of all new cars, trucks and SUVs sold in the U.S. zero-emission vehicles by 2030, including battery-powered electric vehicles and hydrogen fuel cell cars. The goal drew […]
The multibillion-dollar North American automotive sector, which includes one of the largest components of U.S.-Mexico trade, could dramatically change as many automakers make a substantial shift to manufacturing electric vehicles. On April 30, General Motors (NYSE: GM) became the first U.S. automaker to announce it would build electric vehicles in […]
External View of the Apple store on Fifth Avenue on August 19, 2020 in New York City. VIEW press | Corbis News | Getty Images Tesla has been called “the Apple of the automotive industry” for the amount of technology in its vehicles. But as Apple is in talks to […]
A drop-off in auto sales usually sends incentives soaring and profits plummeting. Not in 2020, amid the biggest one-year decline in U.S. light-vehicle sales since the Great Recession. Instead, tight inventory levels resulted in smaller discounts and a stronger bottom line for many automakers and dealers. In December alone, the […]
Automakers are awakening from their holiday slumbers with full-year sales data for 2020. It goes without saying that the coronavirus pandemic had a massive impact on global auto sales last year, but just about every player in the market reported improvement in the second half of what amounted to a […]