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China’s Covid-Zero policy could cause global vehicle production to lose 2% of growth in 2022, equivalent to about 1.5 million units.
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While there are new stories of supply chain disruptions popping up daily, it is evident that some new inventory is hitting franchise dealers’ lots as more off-lease vehicles make their way to the auction lanes.
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March U.S. auto sales, when reported on Friday, will show a notable drop from last March as the market remains significantly constrained by lack of supply.
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Throughput increased in 2021 as U.S. light-vehicle sales rose to nearly 14.75 million vehicles, according to dealership census.
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With the new ruling, fines for vehicles that fall short of fuel economy standards will cost automakers at least $1 billion annually.
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Majority of young adults prefer used cars as affordable, sustainable alternative.
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The suburban Detroit site will be among the first large-scale graphite processing plants in the U.S. and the first domestic plant for Graphex.
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Mile for mile, it’s cheaper to recharge an electric vehicle (EV) than it is to refuel one with an internal-combustion engine.
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The added cost to fill up impacts everyone differently, and high prices tend to drive further interest in fuel-efficient vehicles and, of late, electric vehicle solutions.
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Driveway becomes first online car dealership to pay customers via real-time payments.
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