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 […]
The Dealership Disruption: How Electric Vehicles Are Forcing a Reboot
The car world is changing in a way. It does not feel like a change it feels like everything is being started over. For a time the car world worked in a certain way. Car companies made cars car dealers sold them and service people fixed them when they broke. This way of doing things […]
A Driver’s Guide to Handling Minor Car Accident Claims
Automobile collisions are typically assessed based on the intensity of the sound made and damage seen during the collision, without considering the severity of injury sustained by the parties involved. In a situation where there is no apparent damage to the vehicles, people who were involved in the incident may easily assume that the matter […]
Navigating the New Car Market: The Top Vehicles with the Highest Dealer Markups Over Sticker Price
Today the new car market is much more complex than it was a few years ago, particularly to an average buyer who is attempting to make a smart purchase. Pricing can often be higher than the Manufacturer Suggested Retail Price (MSRP), and this can be confusing at times and frustrating to the consumer. Although supply […]