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The Latest Breaking News from Cox Automotive

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

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

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read the most diverse news in one place.

‘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

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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

How to make EV battery repair safer

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

Salon

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.

Fortune

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…

StockNews.com

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.

TechRadar

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.

Fortune

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…

StockNews.com

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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

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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.

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

StockNews.com

4 Auto Stocks with Great Quality

The auto industry is expected to perform well this year due to the easing of inflation, increase in production, healthy job growth, and improving consumer sentiment. To that end, investors should consider quality auto stocks Tesla (TSLA) Mercedes-Benz (MBGAF), Bayerische Motoren Werke Aktiengesellschaft (BMWYY), and Stellantis N.V. (STLA). Read more.

InsideEVs

New EV Prices Down 20% Compared To Last Year: Kelley Blue Book

In June 2022, the ATP for new all-electric vehicles sold in the US was $66,390. In other words, the average price of EVs went down by nearly $13,000 in one year.

Axios

Unsold electric cars are piling up on dealer lots

There's a growing mismatch between EV supply and demand.

InsideEVs

EV Sales Fail To Keep Up With Dealer Inventory Levels

Purchases fail to keep up with dealers’ ability to fill their lots with EVs that end up collecting dust for about three months before being sold.

Tribune News Service

Cox Automotive increases its 2023 new-vehicle sales forecast

Analysts at Cox Automotive are expecting a much brighter year for U.S. auto sales in 2023 with an improvement in fleet sales leading to expected sales of 15 million, up from the previous prediction of 14.1 million.

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