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This article is interesting because with the rise of electrical vehicles I thought there would be more sales in the automobile industry. https://lnkd.in/dP--QRGE

U.S. car manufacturers are navigating a complex landscape which is forcing them to cut down costs while slashing prices to remain competitive, all the while needing continued investments in R&D to keep up with competition. Stock selection is vital here; focusing on companies that are ahead in both technology and the ability to convert EV Sales into profit is key to delivering outperformance. https://lnkd.in/eYgmy_im

Growth in U.S. auto sales likely slowed significantly in the second quarter, marred by a #cyberincident at CDK, even though steady demand and better availability kept the sales for new vehicles elevated. Read more: https://buff.ly/3xH13Pe

In Q1 of 2024, U.S. auto sales saw an almost 5% increase, even with high interest rates. However, EV sales growth is slowing down, raising questions about what's next for the automotive market. As affordability and practicality become increasingly important to consumers, we're seeing shifts in buying behavior. What do you think is behind these trends? Is the demand for more affordable, practical vehicles reshaping the industry, or are there other factors at play? Dive into the discussion and share your insights on what's driving consumer choices in today's evolving automotive landscape! #AutoIndustryInsights #EVTrends #MarketDynamics #AutomotiveNew #AutomotiveIndustry

U.S. EV sales are projected to reach just 9% of the market this year, down from the previous forecast of 12%, according to the J.D. Power U.S. Automotive Forecast for August 2024. Despite this near-term slowdown, J.D. Power still expects EV sales to climb to 36% of the U.S. retail market by 2030 and 58% by 2035, noting that the current lag in sales is due to short-term factors that will diminish as EV adoption gains momentum. Ford, General Motors and other carmakers have delayed or canceled new EV models to avoid investing on vehicles that consumers aren’t buying as quickly as anticipated. Learn more from Yahoo! Finance: https://hubs.ly/Q02NFLlP0 #Yahoo #EV #EVs #ElectricVehicles #Automotive #Auto #AutoIndustry #AutomotiveIndustry

"The current rate of slower-than-expected sales (#ElectricVehicles) volume is being driven by a combination of relatively near-term variables that will fade as #EV adoption continues to reach critical mass," - J.D. Power #BEV #BatteryElectricVehicle #EVs #EVadoption

Auto sales in the US are expected to be lackluster due to high vehicle prices and interest rates. Third quarter sales were down 1.9% compared to the same time last year. Key takeaways: - Industrywide third-quarter US vehicle sales have fallen 1.9% compared to the same time last year. - High vehicle prices and borrowing costs are keeping some shoppers from making purchases. - The sluggish third-quarter results put automakers on pace to finish the year with U.S. vehicle sales of around 15.7 million, a slight increase from last year but still well below historic highs. #NNNPro #Dealership #Capital

NEWS: Dealer profits are down 33.4% YoY, despite stable revenues… Plus, used car sales bounce back in July, pushing days’ supply down, and EV registrations heat up during an industry-wide cooldown… Today’s top 3 stories in automotive: 1. Researchers say dealers need to readjust their spending levels… https://lnkd.in/g9UTAmpz 2. 0-to-2-year-old cars captured more sales last month, raising the average listing price… https://lnkd.in/g4jnVzV7 3. In June, while overall vehicle registrations declined, EVs bucked the trend… https://lnkd.in/gBYvpPjz Read today’s automotive news, brought to you by Auto Hauler Exchange: https://lnkd.in/gD6aD5fA

U.S. EV sales are projected to reach just 9% of the market this year, down from the previous forecast of 12%, according to the J.D. Power U.S. Automotive Forecast for August 2024. Despite this near-term slowdown, J.D. Power still expects EV sales to climb to 36% of the U.S. retail market by 2030 and 58% by 2035, noting that the current lag in sales is due to short-term factors that will diminish as EV adoption gains momentum. Other carmakers have delayed or canceled new EV models to avoid investing on vehicles that consumers aren’t buying as quickly as anticipated. Learn more from Yahoo Finance: https://hubs.ly/Q02NFH5V0 #Yahoo #EV #EVs #ElectricVehicles #Automotive #Auto #AutoIndustry #AutomotiveIndustry

I've been playing around in the Cox Automotive Australia retail used vehicle database, powered in part by our SmartPublisher lead management software. A few EV ⚡ facts for retailers and analysts to chew on: 1. Dealer-used EV sales up 108.3% - H1 2024 vs H1 2023. 2. Available dealer stock of used EVs up 56% -- H1 2024 vs H1 2023. 3. Average used EV sold price over H1 2024 was $44,603, down 16.4% from $53,329. 4. Sold prices of Tesla Model 3s aged 2-4 years down 11% since January 2024. 5. Average retained value (as a % of MSRP) for EVs aged 2-4 a clear negative outlier compared to other vehicle types as the graph below shows. Thinking retail data? We're your port of call. Would love to hear from you, ask away in the comments... ⬇⬇⬇⬇ #EV #electric Manheim Australia Cox Automotive Inc. Motor Trades Association of Australia Australian Automotive Dealer Association (AADA) Stephen Lester Electric Vehicle Council Car Dealership Guy