Daily coverage of the world of cars.
Hyundai recently announced its turnaround plan for the US with a goal of achieving 5.2% market share by the end of 2023. Its market share at the end of 2018 was 3.9%, and it has a three-pronged roadmap for gaining that extra share.
[Read more…] about Hyundai Makes Progress on Goals with Help from SUVs
On Monday, West Texas Intermediate (WTI) oil prices closed up roughly 15%, from $54.85 per barrel to $62.90. This uptick has increased car-shopper interest in electric vehicles (EVs). According to data from CarGurus, the share of searches for new and used EVs spiked in response to the news about oil prices.
[Read more…] about Oil-Price Hike Accelerates Interest in Electric Vehicles
Debt continues to increase while wages lag, and many Americans struggle to purchase a new car. In fact, affordability represents the most severe headwind causing the decline in vehicle sales, which are down 2.0% calendar year to date (CYTD) 2019.
[Read more…] about Could Forgiveness of Student Loans Lead to a New Peak in New-Vehicle Sales?
Since 1980, the Chevrolet Silverado has consistently outsold the RAM Pickup. However, the story is changing. Calendar year to date (CYTD) through May 2019, RAM has outsold the Chevrolet Silverado by more than 21,000 units.
[Read more…] about Is the RAM Pickup Set to Dethrone the Chevrolet Silverado as the #2 Selling Vehicle in the United States?
Recently, the White House issued a statement announcing a 5% tariff on all Mexican imports that goes into effect on June 10, 2019.
[Read more…] about How the Mexico Tariffs Will Impact Affordable Cars