Lucid Group Inc. (NASDAQ: LCID) has begun deploying an over-the-air software update for its Gravity SUV that adds hands-free highway driving in North America, the centerpiece of a broader release that also revises the electric SUV’s navigation, headlights and charging functions. The hands-free capability runs through DreamDrive 2 Pro, an optional driver-assistance package that supports […]
Manheim Used Vehicle Value Index Edges Up 0.3% in May
Index holds above year-ago levels as electric-vehicle values keep outpacing the broader market. Wholesale used-vehicle prices edged higher in May, but the gain trailed the typical seasonal move as values normalized from a strong start to the year. The Manheim Used Vehicle Value Index (MUVVI) rose 0.3% from April to 212.6 on a mix-, mileage- […]
Manheim Used Vehicle Value Index Edges Higher in Mid-May
Index was up both month-over-month and year-over-year. Wholesale used-vehicle prices ticked up in the first half of May, with the Manheim Used Vehicle Value Index rising 0.5% from April on a mix-, mileage- and seasonally adjusted basis and holding 3.8% above year-ago levels, Cox Automotive reported May 20. The index reached 213.1 through May 15, […]
Mitchell Reports Mild Hybrid Collision Claims Hit Record High in Q1 as BEV Claims Level Off
Mild hybrid electric vehicle collision claims reached an all-time high in North America during the first quarter while battery electric vehicle claim frequency held flat, according to Mitchell’s Q1 2026 Plugged-In: EV Collision Insights report released May 14. Repairable collision claims involving MHEVs jumped to 5.69% in the U.S. and 5.28% in Canada, representing year-over-year […]
Tesla Model Y First to Pass NHTSA’s New ADAS Pass/Fail Tests
The U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced that the 2026 Tesla Model Y “later release” build is the first vehicle to meet the agency’s new pass/fail benchmark for advanced driver assistance systems (ADAS) under the updated New Car Assessment Program (NCAP). The four new ADAS tests — pedestrian automatic emergency […]
AAA Study Finds Cold Weather Cuts EV Range 39%, Hybrid Fuel Economy 23%
Companion research shows consumer purchase sentiment migrates toward hybrid vehicles. Extreme temperatures sharply reduce the efficiency of electric vehicles and hybrids and drive up operating costs, with cold weather hitting both powertrains harder than heat, according to research released May 1 by AAA. AAA’s automotive engineering team, working with the Automobile Club of Southern California’s […]
Gas Prices Edge Lower as U.S.-Iran Ceasefire Pulls Crude Below $100
The national average price for a gallon of regular gasoline fell 7 cents over the past week to $4.09, the first weekly decline since Middle East conflict began driving pump prices sharply higher in early March, AAA reported April 16. West Texas Intermediate crude oil has continued to trade below $100 a barrel following the […]
EV Sales Decline Moderates in Q1 as Market Share Holds Near 6%
U.S. electric-vehicle sales fell 27% year over year in the first quarter of 2026 to 216,399 units, according to the latest estimates from Cox Automotive’s Kelley Blue Book. Sales were down 7.8% from the fourth quarter of 2025, a considerably smaller sequential decline than the 46% quarter-over-quarter drop recorded in Q4 — a sign that […]
Sony Honda Mobility Discontinues AFEELA Electric Vehicle Program
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 […]
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