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NHTSA blames 10 deaths and two serious injuries on what its investigators believe were illegally imported air bag inflators. It’s taking public comments before deciding whether to ban them outright.
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The slowing auto market will lead Cox Automotive to revise downward its full-year new-vehicle sales forecast.
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Japanese automaker Toyota plans to spend U$13.5bn to develop electric vehicle battery technology and supply system by 2030.
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The seasonally adjusted Retention Index increased to 165.7 points, barely missing another record.
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August will be a fourth consecutive month of slowing sales and looks to be coming in even lower than our forecast of 1.2 million, a 9% decline from August 2020.
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As younger generations of early tech adopters continue entering the car-buying market, we can expect interest in EVs to continue growing.
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Inventory-constrained Toyota held on to the top spot for shopping consideration, but Ford narrowed the gap in the second quarter despite its own supply challenges.
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Risk management tool intended to help dealership industry reduce large losses.
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The overall market continued to decline this past week, but the rate of depreciation lessened, and some segments reported positive pricing movement.
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Florida dealership sold to Morgan Auto Group, marking the 121st Kerrigan-led dealership sale since 2014.
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Lease credit approvals reached 70.0% in July; Up from 67.6% in June.
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