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The Latest Breaking News from Cox Automotive

The walls are closing in on Tesla: EV makers just took a bite out of its market share, and investor Bill Gross says it's a meme stock now

Tesla’s stock rebounded after starting off the year as the worst-performing in the S&P 500.

Fortune

Tesla Needs A Radical Strategy To Turn Around. How About Acting Normal?

Tesla's global car deliveries dropped for the second quarter in a row. What would it take to turn things around?

InsideEVs

Long-Range EVs Are Finally Cheaper Than Average Gas Cars

Thanks to affordable new models from General Motors, Tesla and Hyundai, price parity with gas cars is no longer a distant dream.

InsideEVs

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How Old Is Your Car? Americans Set New Record as Prices Stay High

Americans are driving older cars than ever before, a new report shows, as prices for new cars remain high.

Kiplinger

3 A-Rated Auto Stocks to Diversify Your Portfolio

Despite the macroeconomic bumps, the automotive sector has been accelerating at a steady pace. Therefore, it could be beneficial to add some A-rated auto stocks Continental Aktiengesellschaft (CTTAY), Mazda Motor Corp. (MZDAY), and Ituran Location and Control (ITRN) to help diversify your portfolio. Read on….

StockNews.com

The cost of buying a used electric car is plummeting—and that’s great news for mass adoption, but bad news if you already bought one

EV prices are cheaper than ever, opening the market up for budget buyers but costing EV owners thousands in lost resale value.

Fortune

For Car Companies, It's 'Damned If You, Damned If You Don't' With Investors

Plus, car dealers, who never wanted to sell EVs anyway, are extra down on them lately, and Tesla settles a racial discrimination lawsuit.

InsideEVs

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New EV Prices Went Down Over $2,000 On Average In February

EVs were still $5,000 more expensive on average than the industry ATP, though, so there's still work to be done to make battery-powered cars more affordable.

InsideEVs

4 Auto Stocks With Long-Term Growth Potential

Given the rising demand for new vehicles, the significant shift toward electric vehicles and plug-in hybrids, and rapid digitalization, the automotive industry is positioned for robust long-term growth. Thus, fundamentally solid auto stocks Mercedes-Benz (MBGAF), Blue Bird (BLBD), Hyster-Yale Materials (HY), and Standard Motor Products (SMP), with massive growth potential,…

StockNews.com

‘Seismic shift’: driving unaffordable for many in US amid push toward SUVs

Luxury vehicles, production cuts and soaring insurance prices have sent the cost of US car ownership out of control

The Guardian - US

2024 Auto Stock Buy or Sell: Nikola (NKLA) vs. Toyota Motor (TM)

With sustained demand for new vehicles, rapid shift to electric vehicles (EVs) globally, and ongoing technology trends, the automotive industry is expected to maintain solid momentum in 2024 and beyond. Amid this, let’s find out if you should buy or sell auto stocks Nikola (NKLA) and Toyota Motor (TM). Read…

StockNews.com

Here Are The 20 Best-Selling EVs In The U.S. In 2023

Tesla’s most affordable models, as well as cars from Volkswagen, Rivian, Hyundai, and Ford, saw solid improvements last year. But which EV finished 2023 on top?

InsideEVs

Toyota EV With Solid-State Batteries Coming In A Couple Of Years

Plus, there are about 2.7 million new cars at dealer lots across the United States.

Motor1

Tesla Sold More EVs In 2023 In The U.S. Than VW Sold EVs And ICE Cars Combined

With a portfolio of all-electric vehicles, Tesla now has more market share than VW, Subaru, or BMW.

InsideEVs

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Salon

How to make EV battery repair safer

Fixing car and e-bike batteries saves money and resources — but challenges are holding back the industry

Fortune

Ford CEO Jim Farley slashes plans for new battery cell plant in latest sign the EV sales bonanza may be over

Ambitions for the Michigan plant, the first Ford site to make low cost LFP battery cells, have been downsized to balance growth with profitability.

StockNews.com

3 Auto Stocks to Buy to Defend Your Portfolio

With robust demand for new vehicles, a growing transition to EVs globally, and the integration of advanced technology, the auto industry is well-poised for significant growth and expansion. Given the industry tailwinds, it could be wise to invest in fundamentally sound auto stocks Genuine Parts (GPC), Nissan (NSANY), and Miller…

TechRadar

Electric car sales appear to be slowing, but that isn't the full picture – here’s why

New data suggests electric car sales are slowing in the US, but that isn't necessarily the case – and the opposite is happening elsewhere.

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news in one place.

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Fortune

Ford forced to cut production shift for its F-150 Lightning as rival Tesla closes in on Cybertruck EV pickup launch

One industry watcher warns a “trough of disillusionment” is hanging over the U.S. market for EVs even as more carmakers rush out over a dozen new models.

StockNews.com

2 Auto Stocks to Buy, 1 to Hold in October

The auto industry remains well positioned for growth thanks to the significant decline in inflation since last year’s high and improving supply chains. Strong demand for new vehicles is expected to boost the industry’s prospects. Therefore, one could consider buying fundamentally strong stocks, Wabash National Corporation (WNC) and Blue Bird…

WEKU

How the UAW strikes could impact car shoppers

Historic as the UAW strikes may be, analysts say the actions are unlikely to impact car prices too much — for now. A new strike on parts distribution centers, however, could sting.

InsideEVs

Average Electric Vehicle Prices Plummet As Oversupply Concerns Grow

Analyst predicts that increasing EV inventory and falling prices could have a positive impact on EV adoption in the long run.

StockNews.com

3 Auto Stocks Setting up for Potential Gains

With the pent-up demand for new vehicles, improving inventory levels, and growing transition to EVs worldwide, the automotive industry is well-positioned for robust growth and expansion. Therefore, fundamentally strong auto stocks Stellantis (STLA), Volvo (VLVLY), and Rolls-Royce (RYCEY) could be valuable additions to your portfolio for impressive gains. Keep reading….

The Independent UK

Looking for a new car under $20,000? Good luck. Your choice has dwindled to just one vehicle

Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000

Chicago Sun-Times

Looking for a new car under $20,000? Good luck. Your choice is down to just one vehicle

The Mitsubishi Mirage sells for $19,205 at a time when the average new vehicle in the U.S. has a sales price of $48,000. And used vehicles sell for about $29,000.

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