Access to auto industry news and tips

Honda recalls , U. vehicles over air bag defect. Drivers who killed or injured people in accidents push for car safety reforms. Tesla recalls 2. over concerns with warning lights. NurPhoto via AP file.

Toyota warns 50, U. vehicle owners to stop driving and get immediate repairs. Tesla recalls , vehicles over backup camera glitch. Ford recalling about 2 million Explorers over fears of pieces flying off while driving. NBC News Videos. Electric vehicle owners face the cold truth as temperatures plummet.

Once laughed off by Elon Musk, China's BYD has taken Tesla's EV crown. Honda recalls thousands of hybrids over electrical issue that could lead to fires. GM to lay off 1, Michigan workers as vehicles end production.

GM's Cruise robotaxi unit dismisses nine 'key leaders' amid safety investigation. Tesla issues recall of more than 2 million vehicles over autopilot safety concerns. EXCLUSIVE FTC reveals new rule targeting auto dealership scams.

Autos Rising car crash deaths could force companies to rethink stunt driving in commercials. Tech News Elon Musk hypes Tesla Cybertruck at deliveries event in Austin.

Autos Honda recalls almost , Accords and HR-Vs over seat belt defect. Feds renew call for speed limiters in cars after horrific accident. Autoworkers hesitate on new contracts despite 'record' pay increases.

GM's Cruise recalls robotaxis after pedestrian collision. As the price of these precious metals takes a hit, so too does a niche criminal enterprise. News in AutoTechInsight is thoughtfully categorized across our unique Vehicle Domains, making it easier for you to access the information that matters most to you.

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Subscribe to BriefCASE. news Corporate developments Feb Innoviz gets IATF certification for design and assembly of Lidar, perception software and Lidar solutions Innoviz has received IATF certification for quality management systems for design and assembly of Lidar, perception software and Lidar solutions, it said in a press release dated Feb.

This accomplishment reflects the hard work and dedication of our team and reaffirms our promise to provide our custo The Eclipse SDV Working Group is at the forefront of this evolution, providing a vendor-neutral forum for individuals and organizations to collaborate.

Members are actively working together to create open-source software The JV battery plant is located in Changchun, Jilin, in northeast China, which is also FAW's headquarters.

The batteries at the said factory went into production on Feb. Geespace has developed satellite communications for the automotive sector.

Models among Geely Holding Group portfolio brands c Hyundai issued a statement indicating that there were no additional updates available at this time. The company referred back to its earlier announcement, stressing that the decision regarding the India listing remained undecided.

Hyundai assured that it would provide furt

The latest news from the North American automotive industry, focusing on auto dealers, dealership buy/sell, manufacturing, executive changes, earnings Find the latest news on car recalls and automobile manufacturers, as well as industry insights from Behind the Wheel, from phimxes.info Join the community of industry leaders relying on AutoTechInsight's daily automotive news and insights to make data-driven decisions and uncover new

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How EVs Are Shaking The Car Parts Supplier Industry

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The Manheim Used Vehicle Value Index MUVVI remained at The index experienced the same 0. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Grubbs dealerships carry a lineup of four brands — Acura, Infiniti, Polestar and Volvo.

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As mentioned previously, Asia Pacific has experienced an increase in demand. India now ranks as the third largest car market in the world now. But it is the fourth largest producer of light vehicles.

However, traditional automotive powerhouses in the United States, Europe, and Japan continue to innovate and invest in new technologies to maintain their competitive edge. automotive industry. How does it stack up? And are these global trends reflected in America too?

The U. has some of the biggest car manufacturers in the world. The likes of General Motors, Ford, and Chrysler were all founded and headquartered there.

However, international brands such as Toyota, Hyundai, and Stellantis all have major operations in the U. but maintain their headquarters outside the country.

There is another emerging player in the market: Tesla. With the growing adoption of electric vehicles and hybrid vehicles, Tesla has gained significant popularity with its audience. Keep in mind how difficult it is for manufacturers to break into the U.

automotive industry with its high production costs and competitive pricing. There is also strong brand loyalty among customers to consider. Ford and Toyota are the two most popular manufacturers among U. customers and register phenomenal annual sales.

Electric and hybrid vehicles are already gaining popularity. That number is expected to go up to Additionally, there are about , charging stations across the United States right now. And with the growing demand for electric vehicles, there is an imminent need to increase the number of charging stations.

We have all observed the increased adoption of shared mobility services such as Uber and Lyft. These car-sharing platforms provide alternate transportation options and reduce the need to own a vehicle. This is an especially popular option in congested cities where owning a vehicle comes with its own set of headaches namely finding parking.

Efficient public transportation systems serve as an excellent substitute for personal ownership of cars. They reduce the demand for individual vehicles. Particularly in big cities, such as Washington D. Advancements in autonomous driving technology and the potential for shared autonomous vehicles could transform the industry by introducing new mobility models.

This development would reduce the need for personal vehicle ownership. These are the major themes that are prevalent in the future of the automobile industry. We will discuss all these again as we project the U. The Biden administration wants zero-emission vehicles to make up half the new vehicle sales by This also means they have to amp up their charging infrastructure by Setting up this massive public charging infrastructure is a time-consuming and complicated process.

More so, it means multiple sectors have to coordinate together. This means there will be an increased focus on electric and hybrid vehicles since the government is pushing for this initiative.

The automotive industry is subject to various regulations for safety standards, fuel efficiency, and vehicle recalls. Government policies and regulatory changes impact manufacturing practices, product development, and market competitiveness.

We already discussed how the global economy has slowed down. economy has also struggled in the first few months of It grew at an annual rate of 1. This severely affects purchasing power and consumer confidence.

As mentioned before, car sales in North America decreased by 6. The unemployment rate also stands at 3. The employment rate, inflation, and interest rates all directly affect the automotive industry. We know there is increased adoption of electric and autonomous vehicles.

Automakers invest in research and development to enhance battery technologies, charging infrastructure, and autonomous capabilities. There is also an increasing integration of connectivity features , infotainment systems, and advanced driver-assistance systems ADAS. These are shaping consumer expectations and driving innovation in vehicle design and functionality.

So why are we reviewing this automotive industry analysis with you today? Because this helps us understand what the trends are in the automotive industry at the moment and what the future may look like. As a shop owner, you need to stay informed in this manner.

How will all these economic, political, and socio-economic factors affect demand? How can you pivot as needed and get in front of key trends? We have already established this in our discussion above. There is no denying the growing trend towards electric vehicles. Increasing environmental concerns, government incentives, improved battery technology, and expanded charging infrastructure are driving the adoption of EVs.

Major manufacturers are expanding their EV offerings to meet consumer demand and comply with stricter emissions regulations. Apple and Google are also entering the market. Tesla is already a trailblazer in the industry. Autonomous vehicles are all set to disrupt the auto industry.

The development and deployment of autonomous driving technology will continue to shape the U. Automakers and technology companies are investing in research and development to enhance self-driving capabilities and advanced driver-assistance systems ADAS. The future integration of autonomous vehicles into transportation systems has the potential to revolutionize mobility and reshape the industry.

There are over 30 million vehicles on the road that meet the Level 1 standard. And by , this number will grow to That indicates that autonomous cars will be a big part of the future. Integrated connectivity features and infotainment systems in vehicles are a growing trend, especially as 5G and the Internet of Things IoT continue to grow.

Consumers expect seamless connectivity, in-car entertainment, and advanced driver assistance features. This trend drives collaboration between automakers and technology companies to enhance the user experience and provide innovative services. Large tech companies are already eyeing this market.

Big players such as Google and Ford are already in a connected car partnership called Team Upshift. Shared mobility services like Uber and Lyft have become popular in urban areas.

Increasing urbanization, changing consumer preferences, and the need for cost-effective transportation options contribute to the growth of shared mobility. Automakers are exploring partnerships in this space and launching mobility services to adapt to this trend.

Changing consumer preferences lead to a significant shift in individual mobility behavior. Instead of buying goods and services, they get everything delivered. Thus the traditional business model of the car might become obsolete as these new solutions discourage the ownership of personal cars.

Consumers in the U. have shown an increased preference for larger vehicles, particularly SUVs and trucks. These vehicles offer more space, versatility, and utility.

As a result, manufacturers will adjust their product portfolios to meet this demand and focus on SUV and truck models to stay competitive. Insight Score for Auto employs Equifax NeuroDecision® Technology , a patented modeling technique powered by artificial intelligence, offering comprehensive insights intended to help lenders reduce risk in their portfolios by helping to understand how credit scoring decisions are made.

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For more information on Insight Score for Auto, visit Equifax. Home All News Auto Industry Grapples with New Challenges in Vehicle Affordability Insight.

October 12, Return to All News.

Access to auto industry news and tips - Best Auto News Websites. Follow them to know about automotive industry news, expert reviews, auto shows updates, test-drive results, technical specs The latest news from the North American automotive industry, focusing on auto dealers, dealership buy/sell, manufacturing, executive changes, earnings Find the latest news on car recalls and automobile manufacturers, as well as industry insights from Behind the Wheel, from phimxes.info Join the community of industry leaders relying on AutoTechInsight's daily automotive news and insights to make data-driven decisions and uncover new

Industry Overviews OEMs and Suppliers Technology and Engineering Data and Regulations Trade Organizations Electric and Autonomous Vehicles. Automotive Data Sources Automotive News Data Center This link opens in a new window.

Automotive News is a leading source for news articles and special reports on the motor vehicle industry. Access notes : Kresge subscribes to the Data Center only , not the articles written by Automotive News reporters. Subscription includes access to the 9-year Digital Editions Archive for Automotive News , listed under the 'News' menu.

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Wards Intelligence This link opens in a new window This link opens in a new window This link opens in a new window. Available data include: North American Monthly Sales, Production, and U. Inventory International Monthly Sales and Production North American Production Forecast Fuel Economy Index Vehicle Specifications Note: The Outlook Conference Series and Wards Intelligence Reports are not included in our subscription.

FitchConnect This link opens in a new window This link opens in a new window. FitchConnect is a robust and comprehensive credit analytics and macro intelligence platform providing users with credit research, credit ratings, macroeconomic and financial fundamental data, country risk research and indices, industry research, Financial Implied Ratings, and a curated news service.

FitchConnect training videos: Macro Overview-Country Risk, Industry Risk, Global Research, Interactive Charts. Country Risk and Industry Research search for multiple countries and industries Interactive Charts Indices, Databases, Data Tools, Webinars and Support. SageData This link opens in a new window This link opens in a new window This link opens in a new window.

Provides access to statistical information produced by U. Federal agencies, private companies, and intergovernmental organizations.

Create maps and reports from data you select from over datasets. Subjects include health, crime, population, finance, industry, and marketing. Data is available for the world as a whole or for selected countries.

Data for the U. are shown by state, often by county, sometimesby census tract and zip code. Time series data may go back several decades. Data sources include the U.

Sage retired the CQ US Political Stats and Sage State and Local Stats platforms and migrated the content to Data Planet The University Library has Datasets Basic Subscription, which does not include EASI Market Planner, IMF data or data from China Data Center.

A collection of public and private data sets from national governments, international organizations, and research firms. A focus of this resource is sub-national data for the countries of the world data by country, city, state or province. Country-level data is generally available going back 35 years and city-level data generally covers years.

Statista This link opens in a new window This link opens in a new window This link opens in a new window. icon-social-twitter-hover icon-social-twitter icon-social-youtube-hover icon-social-youtube. Incentives relative to price reached the highest level since July The All-Loans Index declined to The Dealertrack Auto Credit Total Loan Index had shown some improvements during the summer and fall of last year, but those gains have been wiped… Read Article credit consumer credit Dealertrack Credit Availability Index auto loans Market Insights Data Point.

Cox Automotive Analysis: Nissan Quarterly U. In the U. sales in the waning months of should help lift Honda Motor Co. In the quarter ended September 30, Honda Motor in Japan posted profits up by a third, prompting it to raise its forecast for the fiscal year that ends March Much of that optimism came from vastly improved production and inventory and… Read Article Honda market performance Market Insights Data Point.

The Manheim Used Vehicle Value Index MUVVI remained at The index experienced the same 0. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights.

Grubbs dealerships carry a lineup of four brands — Acura, Infiniti, Polestar and Volvo. The Cox Automotive Leader in… Read Article Press Releases.

Auto Industry Grapples with New Challenges in Vehicle Affordability GM to indusry plug-in hybrid vehicles, backtracking on product plans. Auto Afcess Top Debt consolidation for payday loans covering Auto. Access to auto industry news and tips employment Acccess, inflation, and interest nad all directly affect the automotive industry. Members are actively working together to create open-source software This decline is attributed to the ongoing adverse effects of high interest rates and a weakening economy on the automotive market. As a shop owner, you need to stay informed in this manner.

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