OEMs are increasingly optimistic about health of U.S. auto retail industry. Automotive OEMs are generally optimistic about the health of the automotive industry over the next 12 months, with the vast majority expecting new vehicle sales to increase or remain the same versus 2023, according to the just-released 2024 Kerrigan OEM Survey. The 2024 results […]
UK’s Steer Automotive Group Launches First EV Specific Collision Repair Center
The Steer Automotive Group announced the launch of Steer Electric, the group’s first purpose-built electric vehicle repair location. This new facility at Eastleigh, Hampshire, England is strategically located just off the M27, near the Southampton import docks, providing excellent accessibility and convenience. Steer Electric Eastleigh spans over 14,000 square feet and is designed to accommodate […]
July New Vehicles Sales Projected Up on Bounce Following June CDK Global Outage
S&P Global Mobility projects the pace of sales in July is expected to realize a notable boost on delayed sales from June cyberattack on dealer management system provider. S&P Global Mobility projects new light vehicle sales volume in July 2024 to reach 1.32 million units, up approximately 1% year over year. This volume would translate […]
J.D. Power Reports that EV Demand Stalls Even Though Availability and Affordability Improve
J.D. Power’s June E-Vision Intelligence Report found that while the number of electric vehicle models available and total cost of ownership have improved, EV adoption rates have been flat. Among the key findings of the report: EVs More Widely Available and Affordable Than Ever: The majority of premium (70.1%) and mainstream (55.7%) vehicle buyers now […]
UK’s National Body Repair Association Says Vehicle Repair Sector Needs Government Support on Apprenticeships, EVs
As the United Kingdom (UK) prepares for the upcoming general election on July 4, the National Body Repair Association (NBRA) is calling on the next government to prioritize critical reforms aimed at securing the future of the industry. Martyn Rowley, Executive Director of the NBRA said, “The current Apprenticeship Levy is failing our industry, hindering […]
AAA Survey Finds Interest in EVs Declining as Americans Turn Attention to Hybrids
The most recent annual consumer survey by AAA on Electric Vehicles (EVs) indicates a decline in consumer interest in purchasing EVs. Only 18% of U.S. adults say they would be “very likely” or “likely” to buy a new or used EV (not a hybrid) – down from 23% last year. Even more revealing, 63% cited […]
I-CAR Canada and CPCPA Partner on EV Training in Quebec
I-CAR Canada has partnered with the Provincial Council of Joint Committees of the Automotive Services Industry (CPCPA) to allow for immediate electric vehicle (EV) training for Canadians across Quebec. The CPCPA is an association that aims to develop excellence and recognition of the workforce in the automotive services industry across the province of Quebec. The […]
Virginia Will Exit California Electric Vehicle Mandate at End of Year
Virginia Governor Youngkin announced the end of the California electric vehicle mandate in Virginia, effective at the end of 2024 when California’s current regulations expire. An official opinion from Attorney General Jason Miyares in response to a request by the Governor and Senate Republican Leader Ryan McDougle confirms that Virginia is not required to comply […]
Mitchell Reports EV Total Losses Increasing as Prices Decline
Severity declines in first quarter but remains higher than ICE vehicles. Mitchell, an Enlyte company, reported that in the U.S. electric vehicle (EV) total loss rates were 9.93% in the first quarter of 2024 and were 7.48% Canada, an increase of approximately 8% from the fourth quarter of 2023 and 30% the third quarter in […]
Purchasers Considering EV for Next Vehicle Down Year-Over-Year for First Time in U.S.
J.D. Power says purchase consideration ebbs as charging concerns grow. Consumer demand for electric vehicles (EVs) has cooled as the industry grapples with persistent growing pains, according to the J.D. Power 2024 U.S. Electric Vehicle Consideration (EVC) Study, released May 16. For the first time since the study’s inception in 2021, new-vehicle buyer consideration has […]
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