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Toyota Motor Corp. is getting closer to using up a key U.S. tax credit for hybrid and electric vehicles, a situation company leaders say will raise its costs and hinder the adoption of climate-friendly cars.
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The U.S. auto industry has no shortage of buyers currently, but it lacks the inventory to satisfy them.
Read More →Experts predict the Russian invasion of Ukraine could slash global production of new cars and trucks by millions of units in 2022.
Read More →Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.
Read More →Short supplies of new vehicles drove a dip in consumer loyalty of over 3 percentage points, according to Experian.
Read More →The automaker’s acceptance of parts it would have thrown away in the past marks a notable change for a company renowned for stringent quality control.
Read More →Toyota and Lexus franchise dealers can now leverage Tekion’s Automotive Retail Cloud to provide best-in-class, seamless experiences for sales and service consumers.
Read More →Japanese automaker Toyota plans to spend U$13.5bn to develop electric vehicle battery technology and supply system by 2030.
Read More →Independent dealers are securing sought-after vehicles despite tight inventory.
Read More →GM reported sales of 688,236 vehicles in the second quarter, up 39.7% from 2019. But Edmunds and Cox Automotive had forecasted GM sales would rise 40% to 43%.
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