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The Latest Breaking News from SP Global Mobility

New-car owners will pay even more for optional features they want

Paid upgrade safety features, such as high-beam assist and driving-video recorder, earned the highest satisfaction of all connected services, a survey finds.

The Street

Consumers Willing To Adopt Some In-Car Subscriptions According To Survey

Most consumers are interested in premium features that add value or options with a free trial period.

Motor1

Delinquent Auto Loans In US Are Higher Now Than In The Great Recession

Auto loan delinquency reached record highs in Q1 2023, with the increase primarily coming from the subprime tier.

Motor1

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San Francisco Sets US Record For Electrified Vehicle Uptake

New-vehicle buyers in the San Francisco area are younger and wealthier than the average in other major US metropolitan areas

InsideEVs

The Average Car on the Road Is Way Older than You Think (Here's How Much)

The average age of cars and light trucks in the U.S. has risen again this year to a new record.

The Street

With Car Prices Soaring, Americans Set Record for Driving Older Vehicles

Surging car prices and high interest rates are forcing more and more Americans to delay new vehicle purchases.

Kiplinger

Average Age Of Cars On US Roads Keeps Rising To Record Levels

2023 is the sixth consecutive year of increase in the average vehicle age of the US fleet.

Motor1

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Tesla's dominance fades as EV adoption grows

As the overall EV pie grows, Tesla's market share continues to shrink.

Axios

Elon Musk's New Master Plan: Not About A Tesla EV, About Sustainability

Musk's original goal was for Tesla to accelerate the transition to sustainability. Now that Tesla achieve most of its goals, it's time to get back to its roots.

InsideEVs

Tesla Tops Ford For US Brand Loyalty For First Time

Tesla not only earned the award for top loyalty by "Make," but also several other awards, including individual awards for the Model 3 and Model Y.

InsideEVs

Tesla Takes Customers From Rivals While Industry Struggles At Retention

Folks are actively leaving certain automotive brands and may never return. Called "Nomads," they tend to chase new trends, and many stick with Tesla.

InsideEVs

Public EV Charging Stations Must Quadruple In US By 2025: Report

Most people charge their EVs at home most of the time, but the lack of a robust public charging network in most areas of the US will only slow adoption.

InsideEVs

Pickup Truck Segment In US Is Losing Market Share To SUVs: Study

The truck segment's market share is now at its lowest since almost a decade ago.

Motor1

Volkswagen, Sony/Honda EV, Benz And Charging: Top EV News Jan 13, 2023

VW is reaching EV delivery milestones and the Sony/Honda EV is coming, but we are facing a charging infrastructure shortage. Perhaps Mercedes can help.

InsideEVs

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WEKU

Tesla's stock lost over $700 billion in value. Elon Musk's Twitter deal didn't help

The transformational automaker's market cap has dropped by a staggering amount over the past year. Blame new competition, sales that fell short of a lofty target — and a distracted CEO.

The Independent UK

EXPLAINER: 2023 tax credits for EVs will boost their appeal

Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle

The Independent UK

EXPLAINER: 2023 tax credits for EVs will boost their appeal

Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle

The Street

Ford Unveils Big Electric Vehicle Surprise in November

Ford's electric vehicle sales jumped in November, but retail sales take a big dive.

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The Street

Tesla Offers Promotion for December

The manufacturer of premium electric vehicles makes a decision that its rivals will not like.

Fortune

Tesla has gone from 79% to 65% of the EV market in the pandemic. Here’s why S&P sees a fall to below 20% by 2025

Tesla “does not truly compete” in electric vehicles costing under $50,000, and rivals are ramping up production, says S&P Global Mobility.

InsideEVs

Tesla Buyers Leave Honda And Toyota Much More Often Than Other Brands

Based on pricing, Tesla competes with luxury automakers. However, it seems mainstream car shoppers are more interested in making the switch to a Tesla EV.

InsideEVs

Tesla Leads EV Market Share, But Rivals' Cheaper Models Are Gaining

Tesla has been the EV market share leader by a huge margin for a long time, and that remains the case. However, other brands are starting to make a dent.

The Independent UK

Competitors chip away at Tesla's U.S. electric vehicle share

New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data

Axios

Most electric car buyers don't switch back to gas

When it's time to buy a new car, most existing EV owners go for another electric

InsideEVs

Tesla And Ford Have High Brand Loyalty: What About New Customers?

Tesla has had high brand loyalty for some time, and now that Ford is making notable strides in the EV game, people are paying more attention.

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