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 […]
Alliance for Automotive Innovation Reports EV Sales 9.1% of New U.S. Light Vehicle Sales in Second Quarter
103 EV models are available for sale in the U.S. The Alliance for Automotive Innovation released its state-by-state analysis of the U.S. electric vehicle (EV) market for Q2 2023. The Get Connected Electric Vehicle Report for the second quarter summarizes EV sales and purchasing trends across all 50 states. It includes an analysis of public […]
J.D. Power Reports America Increasingly Divided on EV Adoption
EV adoption is growing nationally but the bottom ten states recorded year-over-year decline. State disparity in adoption projected to continue through 2035. According to the latest data from J.D. Power, EV adoption in America is growing increasingly divided, with the most active states for EV adoption already on the path to parity with internal combustion […]
Stellantis Selects Charge Enterprises as EV Infrastructure Provider for US Dealership Network
Stellantis announced its partnership with Charge Enterprises, Inc. today, in which Charge has become an EV charging installation partner for Stellantis’ 2,600+ U.S. dealer network. Charge becomes the fourth recommended partner for dealer EV readiness for Stellantis dealers across the United States, joining Future Energy, Vehya and AGI. “As our partners in the automotive industry […]
EV Manufacturer VinFast Completes SPAC Combination, Will Be Listed on NASDAQ
VinFast Auto Ltd. and Black Spade Acquisition Co (NYSE: BSAQ) announced the completion of their previously announced business combination. The listed company following the Business Combination is VinFast Auto Ltd., and its shares and warrants will commence trading on the NASDAQ stock exchange under the ticker symbols VFS and VFSWW, respectively, today. The Vietnam-based electric […]
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