The pandemic brought many consequences that impacted everything from how we work to how we shop, seek healthcare, and do business. If you’re employed in the automotive industry then you have undoubtedly noticed production slowdowns in recent years. There have been...
In April, Ford started production on the electric version of the F-150 pick-up truck, which has been the best-selling vehicle in the country for decades. Jim Farley, CEO of Ford, said the launch is a "big bet by the company.” It’s also a big step for the environment,...
While used car sales boomed as a result of the chip shortage and high prices of new vehicles in the initial stages of the pandemic, reports show that used car demand is now decreasing. According to CNBC, the average time consumers spend looking for a used car has...
Even though used car demand has dropped compared to a year ago, used car prices remain high. Just how much has used car demand slowed? Here’s how it breaks down for March 2021 according to CNBC: Sales of used cars less than 10 years old were down 27% year over year....
According to Automotive News, U.S. auto sales fell 17% last month. Sales also fell by double digits among the auto brands Toyota, Ford, Honda, Hyundai, and Kia. Analysts attribute the downturn to the ongoing chip shortage as well as other supply chain problems, which...
According to a report by Kelley Blue Book, EV shopping has risen over the first quarter by 69% when gas prices started to rise. Since January, the national average for a gallon of gas has increased above $4, sparking more anxiety about inflation as well as interest in...
In the growing EV market, two leaders have emerged — VW and Tesla — and both are competing now in each other’s home market, an article from NBC News says. Only just last month, Tesla officially began production at its Berlin-based factory, located only an hour away...
As Generation Z, born in the years 1997–2012, becomes of age — Gen Z-ers are currently 10 to 25 years old — it’s time for the automotive industry to take note of this particular group. How do Gen Z-ers differ from the generations that came before? Keep reading to...
It was announced in February 2022 that the federal administration is making $5 billion available to states over a five-year period to help build a nationwide electrical vehicle charging network, the LA Times reports. The funding comes as part of the Biden...
The whole world is going digital thanks to the pandemic, changing the eCommerce industry across all industries, including the automotive sector. In the new marketplace, it’s essential for car dealerships to offer a digital experience in addition to its traditional...