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Automotive News

29 Ford dealers leave EV program after changes

A Ford spokesperson said the company was still pleased with the figures. “It is important that dealers have the option to do what they believe is best for their business and their customers for the 2024-2026 period,” the spokesperson said in a statement. “As we continue to scale our EV volumes, our second enrollment period will open up for 2027-2029.” Among the changes: Ford said dealers no longer had to operate public electric vehicle chargers around the clock, and those in the Certified tier would not be capped at selling 25 EVs per year. Some retailers remain concerned about the…

Automotive News

These Automakers Can’t Quite Hold Onto Their First-Time Buyers

The back of a Ram truck is seen on a sales lot on May 23, 2017 in Miami, Florida.Some automakers are struggling to convince first-time buyers to return to the showroom, Elon Musk tested that he really believed he’d be able to take Tesla private in 2018 with some help and Audi took Nio to court and won. All that and more in The Morning Shift for January 24, 2023. 1st Gear: The ‘Nomad Retention Challenge’ There’s apparently a name for people who purchase a car from a brand, but don’t buy their next vehicle from that same brand.…

Automotive News

Toyota’s hydrogen-powered Corolla race car catches fire

But Toyota executives said the fire, which occurred during a private test run at Fuji International Speedway, was unrelated to the car’s adoption of hydrogen fuel instead of gasoline. The cause, the company said, was a pipe joint loosened by vehicle vibration. “What I want everyone to understand today is that hydrogen was not the cause of this problem,” Tomoya Takahashi, president of Toyota’s Gazoo Racing Company, said at a briefing. “Rather, it is as the insufficient consideration of our design work,” he said. “Whatever fuel we used could have leaked and caught fire.” Despite the setback, Toyoda himself ordered…

Automotive Deals

GM’s $918M Investment, STLA-Terrafame Deal & More

Last week, the European Automobile Manufacturers Association (“ACEA”) released data on passenger car registrations for December 2022. The European Union (“EU”) passenger vehicle market soared 12.8% last month to 896,967 units, marking the fifth straight month of growth . Registrations in Italy and Germany witnessed a year-over-year rise of 21% and 38.1%, respectively. Meanwhile, Spain and France saw registrations decline 14.1% and 0.1%, respectively. For full-year 2022, new car registrations contracted 4.6% to 9,255,930 units, owing to supply chain snarls and chip concerns. During the first 12 months, three of the major EU markets witnessed a decline in registrations, including…

Automotive Accessories

Tesla finally gets buttons and physical inputs, thanks to a new smart accessory

Tesla, which is known for its touchscreen-based user interface, is finally getting some buttons and physical inputs, thanks to a new smart accessory.Love or hate Tesla, it’s hard to argue that it doesn’t have the best user interface in the auto industry. It’s miles ahead of other automakers; as such, most of them are now offloading most of the experience to Apple and Android because of it. However, if there’s a main complaint about Tesla’s in-car user interface, it’s the lack of physical input. Literally, everything goes through touchscreens or voice commands, aside from a few buttons and scrolls…

Automotive Accessories

What Is Diesel Exhaust Fluid and What Does It Do?

If you own a diesel vehicle, you may have heard the term “diesel exhaust fluid” thrown around in mechanics’ garages. But do you know what DEF is and how it impacts your driving experience? Diesel exhaust fluid (DEF) is a critical component of modern engine technology, helping to reduce emissions and improve fuel efficiency. In this blog post, we’ll explain what diesel exhaust fluid is, what it does, and what its pros and cons are. Read on to learn all about this essential part of your car! What Is Diesel Exhaust Fluid? Diesel exhaust fluid is a non-toxic, colorless liquid…

Automotive News

EV startups are burning through cash. Can they attract more investment?

In September 2020, Hindenburg Research released its report on Nikola, saying it was “an intricate fraud.” The company acknowledged a truck appearing to cruise down a desert road under its own power in a video was not. The SEC launched an inquiry. Ultimately, Trevor Milton, Nikola’s founder, was convicted of fraud. Nikola settled with the SEC for $125 million. In 2021, J Capital Research published a report calling Faraday Future “nothing but a bucket to collect money from US investors and pour it into the black hole of debt created by its founder.” A company spokesperson said “the substantive allegations…

Used Cars

This Company Wants to Change How We Buy and Sell Used Cars

Dealerships handle the vast majority of vehicle sales in the United States. That in mind, private-party purchases are an important part of the American car market, despite the lack of many security and financial services that come with dealer transactions. Caramel is striving to change that with a new e-commerce platform aimed at improving the private-party sale process by providing dealer-like services to individual buyers and sellers. Disclaimer: Roads & Tracks‘s parent company, Hearst, has invested in Caramel. Ask Americans how they feel about car dealerships, and there won’t be many positive responses. But financing a private-party purchase isn’t easy,…

Automotive News

Randy Marion Automotive buys 4 North Carolina dealerships

Growing Randy Marion Automotive Group bought four North Carolina dealerships in two separate first-quarter transactions to expand its portfolio in the state. Randy Marion Automotive in Mooresville, NC, on March 6 bought Gerry Wood Dodge of Salisbury, which also sells Chrysler, Jeep and Ram vehicles; Gerry Wood Honda; and Gerry Wood Kia from Gerry Wood, according to Randy Marion Automotive COO DJ Heller. The dealerships, all in Salisbury, NC, were renamed Randy Marion Chrysler-Dodge-Jeep-Ram of Salisbury, Randy Marion Honda and Randy Marion Kia. Salisbury is northeast of Charlotte. Honda and Kia are both new brands for the group, Heller said.…

Automotive repair

Eagle Auto Body reflects on car repair delays

WICHITA FALLS (KFDX/KJTL) — Days, weeks, even months. If you get into a fender bender that’s how long you could be waiting to get your car repaired. “We just had a Lincoln here and all we were waiting on was a headlight and I still couldn’t find one. We ended up having the old one work until we got the new one in, and once it comes in, we replace it. We typically don’t like doing that but yeah, they waited up to a solid month in a half, almost two months trying to get a headlight,” said Eagle Auto…