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Says inefficiency in capacity is a major issue that dealerships must address in order to improve.
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‘Virtual power plant’ initiative could also benefit automotive industry.
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With 2022 fully in the rearview mirror, we can begin to evaluate the years performance: the overall market finished down 22.9%, with Cars down 22.7% and Trucks down 23%.
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Make up for some lost sales in Q4 with help of electric push.
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Company says two executives strengthen its leadership, vision-driving.
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Without an SUV classification, the Cadillac Lyriq exceeds the price threshold for federal tax credits for EVs.
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The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.
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U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.
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