Wholesale used vehicle prices have remained unchanged this past week, according to Canadian Black Book’s latest update, with the car segment up in value by 0.02% and trucks down by a mere 0.02%. Mid-size cars were up 0.31% or $36, …
The estimated average transaction price for a light vehicle in the United States was $38,723 in September, with new vehicle prices jumping 2.5 per cent ($940) year-over-year while climbing 0.1 per cent ($23) from last month, according to Kelley Blue …
The Securities and Exchange Commission found that BMW inflated its monthly U.S. sales numbers from 2015 to 2019 and must pay a fine of $18 million to settle the allegations — approximately the same amount the OEM raised in several …
The Trump administration will remove the tariffs it had imposed on certain Canadian aluminum products on August 16. The announcement was made on September 15, hours before the Government of Canada was expected to announce its countermeasure tariffs. “It’s good …
The Ford F-Series pickup truck is one of the biggest U.S. consumer products on the market, according to the Boston Consulting Group’s new study highlights. The study looks at employment impact, GDP impact, manufacturing impact, and usage impact. It found …
Canadian wholesale prices continue to rise while prices in the U.S. decline, according to Canadian Black Book’s latest COVID-19 update for September 15. On the Canadian side, wholesale used vehicle prices strengthened, again, this past week with cars up 0.05% …
In Canadian Black Book’s September 9 COVID-19 update, the company reveals wholesale prices are still rising, though less quickly, the Truck and Car segments increased mildly in value compared to previous weeks, and the Canadian dollar was up $0.003 last …
U.S. auto dealers’ view of the current automotive market has improved and mostly recovered from a historic decline in the second quarter that was propelled by the COVID-19 pandemic. That is according to a Q3 2020 Cox Automotive Dealer Sentiment …
OEMs are moving production from the U.S. to China to sidestep punishing tariffs resulting from a prolonged trade war. “Vehicles previously exported from (the U.S.) to China are now being relocated there,” said Joe Langley of IHS Markit. Even after …
Former United Auto Workers President Dennis Williams was charged in Detroit with conspiring with successor Gary Jones and other UAW officials to embezzle hundreds of thousands of dollars in UAW funds between 2010-2019, according to U.S. prosecutors. “The charges today …
The U.S. automotive industry’s recovery continues to be slow but remains on track for the month of August, with an anticipated seasonally adjusted annual rate (SAAR) of 14.9 million — up from July’s 14.5 million pace but down from 2019’s …
Price point, charge time, and range are among the key “tipping points” to achieve mainstream electric vehicle adoption, according to Castrol’s Accelerating the EVolution study. The study surveyed more than 1,000 consumers, fleet managers, and industry specialists across the U.S. …
