The U.S. car market is reportedly experiencing a surge in inventory levels, prompting automakers to offer significant discounts on their vehicles for the first time in years. This trend, which includes both electric vehicles and non-electric vehicles, has raised concerns about overproduction and the potential...
At auto dealerships around the country, electric cars have reportedly become a hard sell. Consumers are worried about the price, range and reliability of these vehicles, The Wall Street Journal reported Sunday (Dec. 10), citing interviews with dealers. Among them is Paul LaRochelle, a vice president...
Automakers are under increased pressure to discount their cars as higher borrowing costs make consumers nervous. As The Financial Times reported Sunday (April 2), data from Cox Automotive shows the average interest rate on a new car or truck loan is at 8.95%, compared to...
The car chip shortage that has bedeviled the auto industry this year isn’t going away. That’s according to a Tuesday (Dec. 20) report by the Financial Times, citing interviews with carmakers and chip providers who say increased use of connected car functions and demand for...
July 12, 2017
The average car generates gigabytes of data already — between the engine, infotainment and other computerized systems. And that is only today — before the addition of things like cameras, in-car commerce applications and self-driving car radar systems that experts say are right around the corner. Tomorrow that data will be measured in terabytes. And all that data has the potential […]
June 13, 2024
Stellantis is rolling out several software products and connected features for its vehicles around the world. The automaker, whose 14 brands include Chrysler, Fiat and Peugeot, aims to enhance the mobility experience of its customers and boost its revenue from software and connected services, Stellantis said in a Thursday (June 13) press release. “In a […]
May 23, 2024
The U.S. car market is reportedly experiencing a surge in inventory levels, prompting automakers to offer significant discounts on their vehicles for the first time in years. This trend, which...
December 10, 2023
At auto dealerships around the country, electric cars have reportedly become a hard sell. Consumers are worried about the price, range and reliability of these vehicles, The Wall Street Journal reported...
April 02, 2023
Automakers are under increased pressure to discount their cars as higher borrowing costs make consumers nervous. As The Financial Times reported Sunday (April 2), data from Cox Automotive shows the...
