It isn’t cheap to customize your car. Believe it or not, young car enthusiasts spend $7.2 billion a year on car modifications just in the US. However, that takes a tragic turn when you realize that most of that money goes into money sinks like spoilers and turbos that will void the […]
Automotive News
Teijin Automotive Technologies to Produce Pickup Box for Next Generation Toyota Tundra
Teijin Automotive Technologies (formerly Continental Structural Plastics) is building the pickup box for the new Tundra at its Seguin, Texas, facility Three box sizes are one-piece compression molded. Seguin facility home to the largest compression molding press west of the Mississippi. AUBURN HILLS, Mich., June 07, 2022–(BUSINESS WIRE)–Teijin Automotive Technologies […]
Ford dealership investigated by NHTSA over allegation of selling Escape with outstanding recall
WASHINGTON — U.S. auto safety regulators are investigating whether a Ford dealership in New York complied with federal regulations requiring dealers to not deliver a new vehicle with an outstanding safety recall. NHTSA said it had received information indicating that Healey Brothers Ford in Beacon, N.Y., sold at least one […]
Study Claims EV Charging Reliability Is a Problem
Researchers with the University of California, Berkeley, are pouring cold water of the premise that electric vehicle charging stations will require less maintenance than traditional fueling solutions. The study, which examined 657 individual connectors between 181 public fast-charging stations in the San Francisco Bay area found that about 23 percent were […]
Credit Unions Amass Largest Share of the Automotive Finance Market in Five Years | National Business
SCHAUMBURG, Ill.–(BUSINESS WIRE)–Jun 2, 2022– Through the first three months of 2022, there were some shifts in the automotive finance market, most notably, significant growth for credit unions. According to Experian’s State of the Automotive Finance Market: Q1 2022 report, credit unions amassed 22.06% of the total automotive finance market, […]
Toyota may release a compact truck to rival Ford Maverick
Ford and Hyundai not too long ago launched new compact pickup vans in the US with the arrival of the Ford Maverick and Hyundai Santa Cruz. For yrs compact vans ended up absent in The us, as prospective buyers selected bigger midsize pickups. With the product sales good results of […]
Victory Automotive Group sells Honda dealerships in New York, Alabama
Victory Automotive Group, one of the largest privately owned dealership groups in the U.S., sold two Honda dealerships in separate transactions last month and appears to have exited two states. Victory Automotive, of Canton, Mich., on May 25 sold Victory Honda of Ontario in Canandaigua, N.Y., to West Herr Automotive […]
Toyota looking hard at compact pickup market
Ford Maverick and Hyundai Santa Cruz have sold 50,000 units through May this year, according to figures compiled by Automotive News. Hyundai claims nearly 15,000 of those sales. Despite the South Korean carmaker’s sales being down 16% through the end of May compared to same period in 2021, the Santa […]
Analyzing REE Automotive (REE) and Its Peers
REE Automotive (NASDAQ:REE – Get Rating) is one of 64 publicly-traded companies in the “Motor vehicles & car bodies” industry, but how does it contrast to its rivals? We will compare REE Automotive to similar businesses based on the strength of its analyst recommendations, institutional ownership, profitability, valuation, earnings, risk […]
Mercedes retools U.S. dealer ops to ‘right-size,’ enhance field support
Mercedes-Benz is transforming its product focus — going all-electric and further upmarket. But the luxury brand is also rethinking how it supports its U.S. retail network. At a national dealer meeting in Dallas on Thursday, Mercedes-Benz USA CEO Dimitris Psillakis revealed plans to restructure dealer operations. Mercedes will split its […]
Automotive suppliers say rising costs limit economic recovery
For example, the prices for many types of steel are still high and, in some cases, still amount to twice the previous year’s peak. The same, said ArGeZ, applies to non-ferrous metals and petrochemical polymers such as rubber and plastics, whose industry is also facing limited availability of raw materials. […]
Report: U.S. Automotive Market in Rough Shape
The U.S. light-vehicle market doesn’t appear to be in the best health. While many automakers now opt against issuing monthly sales reports, those that still do are posting some pretty brutal numbers. This does not bode well for an industry that seemed pretty certain that 2022 would be its recovery […]
BBB warns of ‘one ring’ cell phone scam
This is an archived short article and the information in the article may well be outdated. Please glimpse at the time stamp on the story to see when it was last up-to-date. Have you received a cell phone phone from a cell phone number in Antigua, Jamaica or an additional […]
2022 Lexus NX250 v 2020 Lexus NX300: Old vs new comparison
0 What difference does a generation make? If the 2022 Lexus NX250 is anything to go by, a fair bit. We highlight the major differences between the new and old Lexus NX. View 46 images View 46 images In sampling the new-generation 2022 Lexus NX recently, I remarked just how far the […]
The impact of fake news on society and in our community
Phony news: it’s a subject matter listened to a great deal in the media and in modern society. “Fake information can be something that is absolutely fabricated, just a fully created up story that has no basis in reality, a piece of fiction,” explained Dr. Robert Spicer, a communications professor […]
Cox Automotive Forecast: May Auto Sales Expected to Fall to Slowest Pace in 2022
New-vehicle sales volume in May is forecast to fall nearly 28% from one year ago, to 1.14 million units. The new-vehicle sales pace is expected to finish near 13.1 million in May, the lowest point in 2022 and down from last month’s 14.3 million pace. Tight inventory and high prices […]