The pandemic has changed car buying plans for nearly three out of four shoppers who intended to buy in the next six months. New research from Comscore Automotive Data Mart, cited in a story today by Auto Remarketing, indicated the pandemic tops the concerns of four out of ten who had intended to buy.
While giving my opinion last week on the Volkswagen April Fool’s Day scandal, I wrote that I hope it would be the last time I posted about it.
Cue Ron White voice: “I was wrong.”
Jan, Toyota’s innocuous ad spokesperson, poses our question of the day (QOTD) to picture yourself in a new Toyota. We’re asking, what new vehicle of any make would you picture yourself in? Assuming, of course, dealers still exist.
Yesterday, used-car giant CarMax announced it finalized a deal to acquire automotive consumer advice site Edmunds, in a deal worth just over $400 million.
CarMax promises it’s magnanimous, and that Edmunds and its advice will operate independently of CarMax and its sales.
As you know by now, Volkswagen pulled the wool over the eyes of the automotive media, the business media, and the general public in a terribly executed April Fool’s Day prank over the past few days.
The company may have done more than anger a few people — it may have run afoul of regulators.
The lawsuits continue against EV startup Rivian. Though it hasn’t built any vehicles to date, the company has an aggressive plan to manufacture its “Tesla killer” vehicles at the former Diamond Star Motors plant at Normal, Illinois, and sell its wares directly to customers via nine showrooms across the nation. Various parties take issue with both the building and selling facets at Rivian, and the company has lawsuits with dealers in Illinois as well as Tesla. Read More >
It’s no secret that we here at TTAC don’t agree on everything when it comes to cars, culture, or politics (Or sports. Using memes to troll staffers who cheer for rival teams is a favorite pastime in our Slack channel).
We don’t speak as one editorial voice, nor do we practice neutral news reporting — we allow for editorializing, analysis, and commentary/opinion, as long as we’re fair, factually accurate, honest, and upfront about any potential biases. It’s one thing I love about working here — I can, if appropriate, put a little commentary into a news post. Overall, I try to allow everyone to be free to express themselves.
Yet, for all our various viewpoints, sometimes we agree on something. And I was right there with Matt yesterday when he fumed about Volkswagen becoming Voltswagen. The change is official, by the way — VW confirmed it.
Rivian’s plan to sell vehicles directly to consumers has raised the ire of two auto-dealer groups in Illinois.
The latest from Detroit has General Motors considering tweaking its delivery strategy for electric vehicles. While this appears to tangentially fall into the industry trend of trying to shove EVs into an online sales model, GM’s plan is distinctive and would introduce centralized inventory lots for the 2022 Chevrolet Bolt (hatchback and EUV) before Christmas. But we can already see the dual-sized nature of the plan that will be used to promote and condemn it, should things move forward.
General Motors could be seen as throwing dealerships a bone by finding a way for those located in areas where EV buyers are less prevalent to provide their customers with electrified options. This saves them from having to prep their lots for charging and making space for vehicles people might not bother buying until the technology has further matured. However, with industry giants (including GM) vowing to continue making more of their lineup battery-powered, dealers might also view this as a coy way for the manufacturer to obtain more control over retail operations. Other manufacturers have already explained that they want to prioritize online sales of electric automobiles, with the end result likely mimicking the Tesla sales model … something that doesn’t include traditional dealerships. Read More >
Advance Auto Parts announced today that they are leasing the retail space of 109 Pep Boys stores in California, for conversion into Advance Auto Parts stores in the next 9-12 months. The agreement between Advance and Pep Boys, which was signed earlier this month, does not include any Pep Boys Service Centers.
The U.S. Environmental Protection Agency (EPA) is embroiled in a lawsuit with Gear Box Z, Inc., contending that the Clean Air Act (CAA), doesn’t allow you to convert your street car into a competition-only race vehicle.
Mercedes-Benz USA announced the elevation of Nicolette Lambrechts to vice-president and managing director of sales and marketing for Mercedes-Benz vans, effective May 1st. Underscoring the van life movement, sales, marketing, service, and parts for the entire segment is under Lambrechts’ purview.
It’s 10 p.m. Do you know where your Ford with Takata airbags is?
Ford needs to recall just 45 Takata airbags from 2004-2006 Rangers, but it lost track of which trucks have them. So it’s recalled just over 153,000 old Rangers instead, hoping that casting such a wide net will allow the company to find and replace the faulty airbags.
Imagine for a moment you’re not a well-heeled connoisseur of expensive cars and high finance, and there’s not a Bentley Mulsanne and a Land Cruiser in your garage. Instead, imagine you have to buy one of the three cheapest sedans on sale in America in 2021.
Today it’s Buy/Drive/Burn meets Ace of Base.
Automakers around the globe have been issuing warnings for weeks that the semiconductor shortage will eventually result in fewer cars and leaner profitability reports. But the absent chips are affecting just about every industry producing modern connected devices, creating fears that electronic prices could skyrocket as availability dwindles. Lockdowns effectively crippled semiconductor supply lines right as demand peaked and everyone is starting to get a little worried about how it’s going to impact production in other industries.
The White House is reportedly taking steps to mitigate the issue by tasking Brian Deese (Director of the National Economic Council) and Jake Sullivan (National Security Adviser) with coming up with a solution. It’s also asking embassies to assist chip suppliers around the world however possible and hopefully suss out a way to stop the global shortage. Meanwhile, Deese and Sullivan will be focusing the brunt of their efforts on Taiwan.
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