According to latest Kelley Blue Book data, EV sales were at record levels. A record-breaking nearly 1.2 million U.S. vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book, a Cox Automotive company. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% share of the […]
Hertz to Reduce EV Fleet by 20,000 Vehicles on Soft Rental Demand and High Repair Costs
Hertz Global Holdings (NASDAQ: HTZ) announced today it will sell about 20,000 of the electric vehicles in its fleet. In an interview on CNBC today, Stephen Scherr, CEO of Hertz explained that the rental company was reducing its fleet due to lower demand for EV rentals and the higher costs associated with EV damage repairs. […]
Record 1.2 Million EVs Were Sold in the U.S. in 2023
Tesla captured 55% of the U.S. EV market last year. A record 1.2 million U.S. vehicle buyers chose to go electric last year, according to estimates from Kelley Blue Book, a Cox Automotive company. More specifically, 1,189,051 new electric vehicles (EVs) were put into service as the slow shift to an electrified future continued unabated. […]
Interest in EVs Increase for Next New Vehicle Purchase
J.D. Power reports mass market distribution strategies and infrastructure capacity to define EV adoption trends in 2024. According to the January J.D. Power E-Vision Intelligence Report consumer interest in EVs is surging as attention turns to the new year, and the success of the next phase of EV adoption, when EVs move from early adopter […]
NADA Reports New Light-Vehicle Sales Up in November Compared to Last Year
Sales rate, however, was down versus previous month. New light-vehicle sales in November 2023 totaled a seasonally adjusted annual rate (SAAR) of 15.3 million units, marking the second month of sequential month-over-month SAAR declines, according to the National Automobile Dealers Association (NADA). Yet despite the cooling SAARs of the past few months, November’s figure was […]
November US Auto Sales Projected Up Over Last Year
Though up on last year, auto demand levels expected to continue tapering from second quarter results. On an unadjusted volume level, November US light vehicle sales are expected to advance mildly from the strike impacted levels of October but remain absent of any momentum. S&P Global Mobility projects sales volume of 1.23 million units for […]
Solera Global EV Research Shows 29% Higher Overall EV vs. ICE Repair Costs in Side-by-side Model Comparison
Solera Holdings, LLC announced the results of global research looking at repair cost trends of electric vehicles (EVs) in comparison to internal combustion engine (ICE) repair costs. The comparative study considered aggregate international analytics across 20 countries; Solera’s global claims database aggregates and normalizes raw claims data to provide insights into important performance metrics such […]
Mitchell EV Collision Repair Insights Report Shows Lower Total Loss Rate than ICE Vehicles
EVs make up almost 2% of repairable claims in U.S., over 3% in Canada. Mitchell released its latest trends report: Plugged-In: EV Collision Insights. This quarter’s report examines total loss frequency for electric and ICE automobiles. In the U.S. and Canada from Q1 to Q3 2023, the EV total loss rate was 7.25% for models […]
Stellantis Introduces 2025 Ram 1500 Ramcharger EV Pickup with V6 Generator
Stellantis (NYSE: STLA) announced the debut of the 2025 Ram 1500 Ramcharger electric pickup truck with a targeted range of up to 690 miles. “With unlimited battery-electric range, the Ram 1500 Ramcharger is the pinnacle of the light-duty pickup truck segment and the ultimate electric truck,” said Tim Kuniskis, Ram brand CEO – Stellantis. “The […]
ASE Education Foundation Updates Auto, Truck and Collision Repair School Accreditation Standards to Address EV and Hybrid Safety and Training
The ASE Education Foundation recently revised its accreditation standards for truck and collision repair training programs, specifically focusing on tasks, tools and equipment related to high-voltage (HV) systems, including those found on electric vehicles and hybrids. Additionally, the foundation has published a list of training resources that schools can use when planning updates to their […]
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