Sony Honda Mobility Inc. (SHM) announced March 25 that it will discontinue development and launch of both the AFEELA 1 and a second, unnamed AFEELA model that had been in development, unwinding a joint venture that had begun building a collision repair and insurance partner network for its planned vehicles. The joint venture between Sony […]
Wholesale Used Vehicle Prices Up 5.3% Year Over Year at Mid-March
Used retail sales pace accelerates. Wholesale used-vehicle prices rose 5.3% year over year through the first half of March, the strongest year-over-year gain in recent months, as retail used-vehicle sales continued to accelerate, according to a pair of reports from Cox Automotive. The Manheim Used Vehicle Value Index increased to 213.4 at mid-March, reflecting a […]
U.S. New-Vehicle Sales Projected To Decline 3.8% in February Compared to Last Year
Electric vehicle market share projected down 1.8 percentage points. New-vehicle sales for February 2026 are projected to reach 1,183,000 units, a 3.8% decrease from February 2025, according to a joint forecast from J.D. Power and GlobalData. Retail sales are expected to total 931,400 units, down 4.6% year over year. The seasonally adjusted annualized rate for […]
Mitchell Reports EV Collision Claims Rose 14% in U.S., 24% in Canada in 2025
Battery electric vehicle collision claims continued to climb in the U.S. and Canada in 2025 even as new BEV sales declined, according to Mitchell’s latest Plugged-In: EV Collision Insights report published Feb. 19. BEVs accounted for 3.07% of all repairable automobile claims in the U.S. last year, a 14.1% increase from 2024. In Canada, repairable […]
Mitchell Reports Record BEV Collision Claims Frequency in Q3
Electric vehicle collision claims rebound as expiring U.S. government tax incentives drive record sales. Battery electric vehicle (BEV) collision claims frequency reached an all-time high of 3.21% in the third quarter of 2025, rebounding after dropping for the first time in the second quarter, according to Mitchell’s latest Plugged-In: EV Collision Insights report released today. […]
Crash Champions Expands Luxury Repair Network to Mississippi, Texas
Crash Champions is converting three existing locations to its LUXE | EV Certified network, adding Mississippi and Texas to its luxury vehicle repair footprint. The company is upgrading facilities in Rohnert Park, Calif.; Flowood, Miss.; and Lubbock, Texas, to offer manufacturer-certified repairs for luxury and electric vehicles. The expansion brings the network to 20 locations […]
U.S. Electric Vehicle Sales Hit Record Market Share in September as Tax Credits End
Overall new light vehicle sales up 3.5% year over year. NADA raises 2025 sales forecast. Battery electric vehicles captured 11.8 percent of U.S. new light-vehicle sales in September, an all-time high that came as federal tax credits expired at month’s end, according to data released by the National Automobile Dealers Association. The surge represented a […]
New Vehicle Sales Up 6.1% in August as Buyers Rush to Beat Price Increases
Consumers bring forward purchases in expectation of tariff related price increases and BEV tax credit expiration. New light-vehicle sales reached a seasonally adjusted annual rate (SAAR) of 16.1 million units in August 2025, marking a 6.1% increase from the same month last year, according to the National Automobile Dealers Association (NADA). Sales through the first […]
Collision Claims for Battery Electric Vehicles Decline for the First Time in the U.S.
Mitchell EV claims report shows while battery EV claims declined, hybrid claims increased. Mitchell today released its latest Plugged-In: EV Collision Insights report. The second quarter edition examines the decrease in collision claims frequency for repairable battery electric vehicles (BEVs) in the U.S. and increase in mild hybrid electric vehicle (MHEV) claims across North America. […]
Ford Announces $5B Investment in Electric Vehicle Production
Vehicle manufacturer plans midsize electric pickup starting at $30,000 for 2027 launch. Ford Motor Company (NYSE: F) announced a $5 billion investment to develop a new electric vehicle platform and transform manufacturing processes, with plans to produce a midsize electric pickup truck starting around $30,000. The investment will create or secure nearly 4,000 jobs across […]
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