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” And incentives are well up compared to last year, though less so recently, according to Kelly Blue Book. In its analysis for February 2025, Kelley Blue Book reported that sales incentive levels were mostly flat month over month but up 18.6 Kelley Blue Book also noted that incentives for electric vehicles increased.
Digital Customer Experience: Mobile apps and online platforms will streamline appointment booking, service tracking, and payment processes. Rise of Electric and Autonomous Vehicles The growing presence of electric and autonomous vehicles (EVs and AVs) is transforming auto detailing requirements.
Barring some significant change, one industry observer doesn’t believe battery electric vehicles will ever be affordable enough for most Canadians to buy brand new. Speaking at the Canadian Black Book Talk Auto conference near Toronto in the fall, Guido Vildozo, … The post Will BEVs ever be affordable enough for most?
The monthly new-vehicle average transaction price (ATP) report from Cox Automotives Kelley Blue Book was just released. Key takeaways from February include: The estimated February new-vehicle ATP from Kelley Blue Book was $48,039, a year-over-year gain of 1.0%, but lower by 1.3% Incentives for electric vehicles (EVs) increased.
Kelley Blue Book, a Cox Automotive brand, announces the 2025 model-year brand, category and top 10 winners of the 23 rd annual Best Resale Value Awards , recognizing vehicles for their projected retained value through the initial five-year ownership period. Top 10 models appear in alphabetical order).
vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book, a Cox Automotive company. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% The post Kelley Blue Book: Americans Bought Nearly 1.2 million U.S. share of the total U.S.
vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book, a Cox Automotive company. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% The post Kelly Blue Book: Americans Bought Nearly 1.2 million U.S. share of the total U.S. of its 2023 sales.
A new report highlighted just how much cheaper electric vehicles need to get in Canada to reach mandated sales levels. Last December, the federal government unveiled its Electric Vehicle Availability Standard, which outlines zero-emission vehicle sales targets for automakers. It means that the relative price has to go down for EVs.
Daniel Ross, senior manager of industry insights and residual value strategy at Canadian Black Book described the current state of the used vehicle market as a “horror story.” By 2030, the ratio of used electric vehicles (EVs) is expected to reach 19 per cent, up from 2 per cent currently.
The automotive world might be currently witnessing a boom in electric vehicles, but this type of automobile was introduced more than 100 years ago. Actually, electric cars appeared long before their internal combustion counterparts, and engineers have never stopped trying to make them a viable solution for the roads.
Costs remain high on the new side and supply in the used market is well, lets have Daniel Ross from Canadian Black Book describe it. The rise of electric vehicles and the increasing complexity of modern vehicles require ongoing investment in advanced diagnostic tools and training. How do shop owners keep pace?
Identify the range of services your business will offer, such as general repairs, diagnostics, or specialty services like electric vehicle maintenance, and consider how these services might expand in the future. For instance, prepare for the growing demand for electric vehicle maintenance and advanced driver-assistance systems calibration.
And I think it helps anyone who is thinking about getting a mechanical degree of any kind or even electrical degree to understand where the application is,” he says. “I’ve In addition, he says he recognized a need to help bring value to students’ textbooks by sourcing a reasonably priced book.
Recognizing automakers’ outstanding achievements in creating and maintaining brand attributes that earn the attention and enthusiasm of new-car buyers, Kelley Blue Book , a Cox Automotive company, announced the winners of the 2024 Consumer Choice Awards.
Following a year of expert testing of nearly every new and redesigned vehicle available in the United States, Kelley Blue Book, a Cox Automotive company, today announces the winners of the 2024 Best Buy Awards. “Since the inception of the Best Buy Awards a decade ago, the industry’s progress is nothing short of astounding. .
Black Book, in collaboration with Fitch Ratings, unveiled a new report on Monday. Here are the three used-vehicle market trends Black Book and Fitch Ratings noted in the report: —Depreciation rates: The used-vehicle market experienced a 20.4% Black Book and Fitch Ratings touched on four insights from the U.S.
The Ford F-150 Lightning has quickly become a standout in the electric truck market, praised for its performance, familiar styling, and advanced technology. Mechanical and Powertrain Issues Electric Motor Performance: Owners occasionally experience sudden fluctuations in power delivery, especially under heavy towing or rapid acceleration.
The automaker has released the pricing and specification of its electric high-rider, where order books have opened today (September 2, 2024), and deliveries are expected to start in the third quarter of the year. The facelifted Kia EV6 is now on sale in the United Kingdom. continue reading. )
Black Book highlighted a trio of trends in its latest installment of Market Insights that could be favorable for dealers as they navigate the last 45 days of 2024. Furthermore, Black Book noticed its estimated used retail days to turn dropped for the fourth week in a row and is now at roughly 48 days.
While the lack of public charging facilities is one of the most cited reasons by consumers for not considering an electric vehicle, most EV owners say they dont need or use them. share of the overall used market shown in Kelley Blue Book and MarketCheck data. Carvana said EVs accounted for 5.7%
in October was $48,623, according to new data from Kelley Blue Book. market, the top three vehicle segments routinely account for more than 45% of all vehicle sales, according to Kelley Blue Book analysis, and competitive price pressures have ATPs moving in different directions. from year-earlier levels ($47,826).
Mark the day of March 5, 2024, in your automotive calendars – that's when Stellantis turned the first page in its new book for American muscle cars with the all-electric and inline-six Charger fastback coupe and four-door sedan. At long last, the uncert. continue reading. )
REE, an automotive technology company and provider of full by-wire electric trucks and platforms, announced key business updates, leading with its current order value book value surpassing $50 million and the expansion of REE’s authorized dealer network, which now covers 66 locations of sales and service across the U.S.
Attend workshops, read books, or join Toastmasters sessions. Find a segment you’re passionate about electric vehicles, luxury cars, or SUVs. Use your technical knowledge gained from ATC Toronto courses to educate and guide customers, showcasing each vehicle’s value and unique selling points.
The study highlighted the growing satisfaction among electric vehicle (EV) buyers, who are leading the way in satisfaction during the car-buying process. New EV buyers also use social media and third-party sites (including Cox Automotive’s Kelley Blue Book and Autotrader) more often than ICE buyers during the shopping process.
Electrical System Problems One frequent complaint among Challenger owners involves electrical system issues, including faulty alternators, battery draining rapidly, or malfunctions with the starter. Book your next service today and experience the unique benefits that only AutoNation Mobile Service can deliver.
Tune in to the video above to learn about the key ingredients to a long-term career in automotive, the importance of women in the industry, and the opportunities and challenges of electric vehicles. Also hear what books Shane recommends for refining leadership skills. Visit ProMaxUnlimited.com for more information.
Embrace Electric and Hybrid Vehicle Repairs Invest in the necessary electric and hybrid vehicles training, equipment, and expertise to service these vehicles. This includes knowledge of electric drivetrains, battery systems, and specialized diagnostic tools.
How do you anticipate the rise of electric vehicles will change the marketing needs of auto repair shops? Learn more about RepairPal at [link] Talking Points What do you think has been the most significant change in marketing for auto repair shops over the last decade?
At Black Book, the Used Vehicle Retention Index came in at 146.3 Expectations for a stable market were high, fueled by the prospect of a spring market and the anticipation that this year would mark a low point in used-vehicle volume, Black Book vice president of data and analytics Laura Wehunt said. last month, down 1.2%
Numa Appointment Agent This agent not only books appointments for dealership service departments but provides full AI transparency for all calls, even those not booked as appointments. With this agent, Numa has introduced the first pay-for-performance AI in automotive where dealers only pay for appointments fully booked by AI.
Lotus recently launched multiple electric vehicle (EV) charging solutions, including an ultra-fast 450 kW DC charger, a power cabinet and a modular unit for charging up to four vehicles at once. Lotus said it has an order booking of over 19,000 vehicles for its Emira sports car and Eletre hyper-SUV.
Average transaction prices (ATPs), as measured by Cox Automotives Kelley Blue Book , typically peak in December, as high-priced models from luxury makers often sell well in the final month of the year. Last month, Kelley Blue Book estimates that approximately 84,000 vehicles or 5.6% year over year and higher by 1.5%
Volkswagen has opened the order books for the plug-in hybrid versions of the new-gen 2024 Tiguan in Europe, where the mild-hybrid and diesel variants have already been available since last fall. TSI gasoline lump with an electric motor and a battery pack. The offering comprises two versions combining the 1.5L The entry-level has 2.
The Blue Oval wants to keep the sales advancement of the all-electric F-150 Lightning and joins Tesla's EV price wars in anticipation of new foes like the 2024 Chevrolet Silverado EV RST and ( continue reading. )
The Rivian R1T is one of the most cutting-edge electric trucks on the market, but despite its popularity, servicing a Rivian can be difficult. Refer to our Rivian R1T maintenance schedule below, then book your next mobile service appointment with us at AutoNation Mobile Service.
It took Peugeot some two months to bring the all-new e-3008 (EV) and 3008 (ICE) to the United Kingdom, but they have finally opened the order books for both models, which are the same car beneath the skin, albeit with different powertrains. Peugeot expects the ( continue reading. )
Kia has finally opened the order books for the EV3 in the Land Down Under. The electric crossover has arrived at dealers locally, joining the EV5, EV6, and EV9, and is available in several specifications. Regardless of your chosen trim level (Air, Earth, and GT-Line), all versions of the battery-electric model come wit.
A functioning ignition switch also helps prevent issues with electrical accessories, such as the radio or dashboard. Stalling when driving: If left unchecked, a bad ignition switch can lose its electrical connection while you’re driving. Don’t let a faulty ignition switch spark any trouble, book your appointment online today.
Electric vehicles (EVs) have dominated headlines over the past several years, telling consumers the future is EVs, with all other alternatives a thing of the past. market, according to Kelley Blue Book. This type of vehicle, which has an internal combustion engine and an electric motor, is familiar to the market. of the U.S.
Electric vehicle safety — it’s a topic that’s on a lot of our minds. One — while there are standard service procedures and safety measures, which are going to be very similar between different makes, exact procedures will differ, and you simply need to follow them by the book to ensure absolute safety.
Electric vehicle safety — it’s a topic that’s on a lot of our minds. One — while there are standard service procedures and safety measures, which are going to be very similar between different makes, exact procedures will differ, and you simply need to follow them by the book to ensure absolute safety.
Let’s dive into the general procedure a mechanic would follow to reset an electric throttle position sensor: The mechanic will turn the car off and disconnect the negative battery terminal. If the wiring is damaged, they’ll replace them and secure the electrical connector. If unsure, it’s best to hire a mechanic.
Good morning! It’s Tuesday, October 15, 2024, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
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