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Shuttering green EV program leaves some reeing red

Auto Service World

This decision is particularly frustrating for dealers, who have done their part in building the infrastructure and resources required to support the EV transition, said Tim Reuss, president and CEO of Canadian Automobile Dealers Association (CADA). per cent in 2019 to 11.7 per cent in 2023 , according to the federal government.

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2024 Fiat 500e Gets US Visa, $32,500 City Car Advertised With 149-Mile Driving Range

autoevolution

Sergio Marchionne famously said that Fiat Chrysler Automobiles lost a staggering $14,000 every time someone bought one, which is a staggering amount of money for a pint-sized electric vehicle that used to retail at $32,500. Remember the original 500e? continue reading. )

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U.S. Automobile Dealer Sentiment: Dealers Remain Pessimistic, Cautious

AutoSuccess

This indicates that dealers feel pressure to lower prices while still facing challenges in offering the value consumers expect, as incentives remain below 2018 and 2019 levels. Automobile Dealer Sentiment: Dealers Remain Pessimistic, Cautious appeared first on AutoSuccessOnline. Visit coxautoinc.com. The post U.S.

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Used-car sales pick up pace after slow start to 2024

Auto Remarketing

In his latest Kontos Kommentary report, ADESA chief economist Tom Kontos shared preliminary January used-car sales figures from the National Automobile Dealers Association that show “2024 is off to a slower start than any of the previous five years.” softer than January 2019. year-over-year. year-over-year. It was off 7.5% decline.

Used Cars 116
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smart Concept #5 Previews Brand's Largest Vehicle Yet

autoevolution

As you're probably aware by now, smart Automobile is a completely different company from smart GmbH. The easiest way to explain it comes in the form of Chinese automaker Geely, which established a joint venture with Mercedes in 2019. Otherwise put, Mercedes-Benz Group AG is providing the design while ( continue reading. )

Vehicle 52
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332,000 Jeep, Alfa Romeo, Fiat Vehicles Recalled in the US Due to Safety Concern

autoevolution

332,000 vehicles produced by Fiat Chrysler Automobiles and the succeeding Stellantis group for the US market have been hit with a safety recall. Jeep opens the list with the 2019 through 2023 Renegade subcompact crossover.

Vehicle 52
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NADA Urges Congress to Pass Catalytic Converter Anti-Theft Legislation

AutoSuccess

The National Automobile Dealers Association (NADA) , joined by 120 other organizations representing the auto industry, consumer advocates and law enforcement, sent a letter to congressional leaders urging passage of federal legislation to combat catalytic converter theft. 154) introduced by Sens. 154) introduced by Sens.