Heavy payments on cars are starting to weigh people down across the U.S., since vehicles cost more while interest rates stay high. Not too long ago, it seemed like just a short-term bump now it digs into family budgets in serious ways. Late payments on car loans climb sharply, particularly for those with shaky credit […]
Automakers Set for Billions in Tariff Refunds After Court Ruling
A big change is happening in the car industry around the world. It is not because people are buying new cars or because of new technology. It is happening because of a change in the law that affects how some taxes on imported goods are handled in the United States. Big car companies can now […]
Automakers Bank on Billions in Refunds, Navigating Political Risks
The auto industry has been dealing with a lot of problems for a years now. These problems include production costs not having enough parts, rules that limit trade and people wanting different things from their cars. Car companies used to focus on building and selling cars but now they have to deal with politics, trade […]
Rivian CEO Scaringe Pinpoints ‘Extreme Lack of Choice’ as Key to EV Growth Slowdown
Thus, the electric vehicle (EV) industry is approaching a point of development where excitement coexists with caution. Over the last ten years, the sector grew and developed from something new to mature. However, the progress achieved by the industry turned out to be rather slow. On occasion, the deceleration in the market was quite alarming, […]
Electric Vehicles Face a Critical Juncture as Dealer Inventories Swell and Consumer Demand Softens, Signifying a Looming Industry Stress Test
The electric vehicle industry hit an important milestone earlier this year when one million electric vehicles were sold in the US. This showed the industry was on a roll, but there was another story playing out on the ground. With sales growth stalling, many dealers were left with an over-supply, which led to a disconnect […]
Tesla’s Dual-Edged Price Strategy: Boosting EV Adoption While Battling Brand Erosion and Margin Pressure
The electric vehicle market has been jolted again by Tesla, which has announced substantial reductions in the prices of its best-selling model 3 and model Y. These discounts have not only grabbed headlines but also stoked the price war in the electric vehicle industry. This has significant implications for both legacy automakers and new electric […]
Navigating Scarcity: Trucks and Vehicles Hit Hardest by the UAW Strike
Now past four weeks, the UAW walkout spills beyond assembly lines and union meetings. Dealerships feel it firsthand as shoppers arrive to find thin floors and bare lots. Options shrink no extras, few models on hand and delays stretch out week after week. Prices wobble under pressure nobody saw coming just months ago. Big names […]
Ford’s Two-Front War: A Skilled Labor Crisis Meets a Corporate Reset
In the constantly changing environment of the American motor industry, headlines make all things so basic, either boom or recession, employment or retrenchment, hope or fear. However, when you take a closer look at such a legendary corporation as Ford Motor Company, a much more complex tale starts unraveling. Away from the surface, there are […]
EV Sales Hit a Roadblock at American Car Dealerships
The car market is experiencing a time which is thrilling and uncomfortable simultaneously. On paper the figures tell a very strong narrative, that is electric cars have passed a significant milestone and in one year more than a million cars have been sold in the United States. Such growth is normally an indication of a […]
Ford’s Strategic Pivot: Embracing Smaller, Affordable EVs for Future Profitability
The global automotive industry is evolving at a rapid pace, and Ford Motor Company finds itself navigating a crucial transition. For decades, its financial strength relied heavily on large trucks and SUVs in the United States. Now, however, the company is shifting its focus towards smaller, more affordable electric vehicles, aiming to create a more […]