The firm forecasts narrower wholesale price declines plus stronger-than-normal seasonal conditions, reflective of demand improving as said declines show up in retail pricing, Smoke said on the call. Alex Yurchenko, chief data science officer for Black Book, said last month that depreciation could occur in the second half of the year, albeit closer to pre-coronavirus […]
Elon Musk and Tesla loom over Detroit’s auto labor talks
Detroit’s automakers and the United Auto Workers will not be alone as they begin bargaining this week over wages and working conditions that will govern the shift to electric vehicles over the next several years. Tesla CEO Elon Musk and the automaker’s increasingly profitable and efficient electric-vehicle factories will be shadow participants, just as Japanese […]
Carvana future still uncertain despite recent developments
Carvana struggled in 2022. Plagued by a weakening used-vehicle market, its stock plummeted 98 percent, erasing almost $37 billion of market capitalization. Garcia said in November that the company was no longer the investor “darling” it had been during the pandemic. “We’re now back to a place where we’ve spent most of our lives, and […]
I’m Ford’s global director of sustainability, and I think EVs could strengthen, not strain, the power grid
Cynthia Williams is the global director of sustainability, homologation, and compliance at Ford Motor Co. Cynthia Williams Power outages due to grid strain have more than doubled every year since the early 2000s. Ford is supporting grid resiliency through innovation in the vehicle-to-grid space. This could help mitigate energy shortfalls during peak usage hours when […]
2024 Chevy Traverse, Toyota Camry top this week’s new car news
What do two sedans, a hatchback, and a coupe have in common? Aside from four wheels, they all made it on our weekly news and reviews roundup among all the SUVs. It’s been a while since we’ve been this well-rounded. To be honest, I forgot the Chevy Malibu was anything more than a memory, but […]
RS7 Legacy Edition is 760hp attention-getter
Back in May, you might recall that Abt launched the RS6 Legacy Edition, a calculated attempt to activate the saliva gland of anyone with an existing weakness for Audi’s monster wagon. The car was limited to 200 examples, delivered 760hp to all four wheels and was built to celebrate 20 years of the RS6. Well, […]
Qvale Auto Group embraces honesty, speed
Most new- and used-car deals are done in about an hour, Walsh said. Customers don’t even have to go to a Qvale store. It can all be done online and the car can be delivered to the customer’s driveway. It all starts with pricing. Qvale uses Velocity Intelligent Pricing, which measures such things as actual […]
Ram and Alfa Romeo top J.D. Power study of best automaker websites
Imagining a new car can be terrific fun, especially if the new car is an Alfa Romeo. So say the fantasy engineers at the J.D. Power agency, who’ve found that Alfa and Ram, sister brands under the Stellantis umbrella, offer potential buyers the most attractive consumer websites, which are often their first viable encounter with […]
Porsche 959 | PH Heroes
It’s now 40 years since Porsche showed its concept for Group B rallying, called the, er, Group B concept. In the finest Porsche tradition, the car that previewed the 959 wasn’t far from reality at all, because they don’t waste time in Stuttgart creating what there’s no intent to manufacture: just three years after that […]
Automotive News hires data researcher
Grace Rochelle has joined Automotive News as a data researcher in Detroit. Rochelle, 24, previously worked at Escalent, a market research firm, as an associate researcher in health care and automotive insurance. She focused on using data analytics to drive strategic decision-making; creating, implementing and analyzing surveys; and working with community panels. Rochelle holds a […]