October 2023

Automotive News for automotive Dealership marketing

More people are missing car payments in another ominous sign for the economy

The article below is sourced from Insider News. The views and opinions expressed in this story are those of the Insider News. A record number of subprime borrowers are behind on their auto loan payments by 60 days or more, according to figures from Fitch Ratings reported by Bloomberg. The rate hit 6.11% in September – the …

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Toyota News EV Revolution and competition

Toyota to adopt Tesla EV charging standard from 2025 - Reuters

The article below is sourced from Reuters News. The views and opinions expressed in this story are those of the Bloomberg News. Oct 19 (Reuters) – Japan’s Toyota Motor (7203.T), the world’s largest automaker by sales, said on Thursday it had signed an agreement to adopt Tesla’s (TSLA.O) electric-vehicle charging technology from 2025. Ford Motor (F.N), General Motors (GM.N), and Nissan (7201.T) are …

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Ford Motor Co. displays a 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, U.S. September 17, 2020. REUTERS/Rebecca Cook

US Expands, Upgrades Probe into 708,000 Ford SUVs, Trucks Over Engine Failures – Reuters

The article below is sourced from Reuters News. The views and opinions expressed in this story are those of the Bloomberg News. The National Highway Traffic Safety Administration (NHTSA) said on Monday it was upgrading and expanding its investigation into 708,000 Ford Motor sport utility vehicles and trucks over catastrophic engine failures tied to a …

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US Car sales rise while replacing used vehicles

Drivers Are Buying New Cars to Replace Older Models, Even With Surging Prices – Bloomberg News

The article below is sourced from Bloomberg News. The views and opinions expressed in this story are those of the Bloomberg News. US car buyers are headed to showrooms out of sheer necessity, defying high interest rates and fat sticker prices to replace cars that on average have been on the road for more than …

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