October, 2023

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Experian report shows extent of Tesla’s domination of U.S. EV market

Auto Remarketing

When it comes to electric vehicles in the U.S., there’s Tesla and there’s everyone else. Experian’s Automotive Consumer Trends Report for the second quarter of 2023 confirms that fact with the finding that the automaker has four of the top five luxury EV models in terms of market share. At the top of the list is Tesla’s Model Y SUV, which dominates with 47.36% of the market.

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I Took Elon Musk's Las Vegas Loop And It's Just As Dumb As I Was Expecting

Jalopnik

This year I’m in Las Vegas for SEMA. It’s a wild place, especially if you decided to get started early like I did. Two hours in, I needed a break from everything so I decided to go and check out the much talked about and hyped Tesla Loop to see what it was about. It was dumb. Read more.

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Meet the ’40 Under 40: Industry’ honorees for 2023

Auto Remarketing

In this installment of Auto Remarketing’s 40 Under 40 franchise, we feature the 2023 honorees in the “40 Under 40: Industry” program, which is sponsored by IAA and focuses on consignors, auctions, auto finance, vendors, tech companies, associations and other players within the used-car space. Honorees will be recognized in the upcoming October issue of Auto Remarketing and at Used Car Week , which is being held Nov. 6-9 at the Westin Kierland Resort in Scottsdale, Ariz.

Finance 111
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How the used commercial vehicle market fared in Q3

Auto Remarketing

Sales of used commercial vehicles at dealerships in the third quarter “cooled off,” but remain well ahead of year-ago figures, according to the Q3 2023 Commercial Vehicle Market Analysis from Work Truck Solutions. In addition to sales, the report delves into prices, turn times, inventory and more. Starting with sales, specifically, there was a 2.3% decline in average used commercial vehicle sales per dealership compared to the second quarter.

Marketing 105
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COMMENTARY: The only certain thing in business is uncertainty

Auto Remarketing

And the automotive business is not immune. If we look back at recent events that have created uncertainty, it becomes overwhelming, so no need to go through the list — you’re welcome! But what have we learned? — The sky isn’t always falling. — The world’s not ending every day. — Not every challenge is unsurmountable. The most important thing to remember is that consumers either love, want or need vehicles.

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CARFAX data shows many Americans are behind on car maintenance

Auto Remarketing

Many Americans are behind on vehicle maintenance such as regular oil changes and tire rotations, according to research from CARFAX. The company said information compiled from the alerts and service records of the 35 million vehicles in the CARFAX Car Care program showed 29% of those vehicles are behind on oil changes, 44% haven’t had their tires rotated as required, and about one on five car owners are behind on both services.

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Affordability concerns weigh heavily on consumers and could impact the industry’s recovery

Auto Remarketing

High vehicle prices and interest rates are delivering an economic one-two punch that is being felt throughout the used-vehicle ecosystem. Think consumer financing and monthly payments, dealership inventory and certified used vehicles, and residuals and repossessions. And they’re bound to be among the major discussion points during Used Car Week, set for Nov. 6-9 in Scottsdale, Ariz.

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Toyota’s Chairman Is Having His ‘I Told You So Moment’ About EVs

Jalopnik

Akio Toyoda, chairman of the world’s largest automaker, Toyota, took a stubborn stance on EVs. While other automakers have been pouring billions into developing EVs, Toyota was still betting on hybrids and PHEVs while selling just one EV in the bZ4X. After a relatively hot last couple of years, EV sales have cooled… Read more.

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This Butt Plug Will Allow Toyota To Build 900-Mile EVs

Jalopnik

We’ve known for a while that Toyota is hard at work developing solid-state batteries. The company also said for a while that it expects to be able to offer electric vehicles with a range of more than 900 miles starting in 2027. So it’s not exactly news that Toyota just announced a partnership with Idemitsu Kosan “to… Read more.

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Rivian Loses $33K On Every Truck It Sells: Report

Jalopnik

It’s tough starting a new electric vehicle company these days, just ask Faraday Future or Lordstown Motors. But Rivian seemed like one of the good ones that might actually make it, as it’s been shipping its electric trucks out to customers for almost two years now. However, the company is still burning through cash at… Read more.

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Musk Says Tesla ‘Dug Our Own Grave’ With The Cybertruck

Jalopnik

After missing yet another deadline for the Tesla Cybertruck to actually launch, company boss Elon Musk has come out to set the mood ahead of the electric pickup’s eventual rollout. In a Tesla earnings call last night, Musk explained the challenges the EV maker has faced bringing the angular Cybertruck to fruition and… Read more.

Finance 72
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Tesla Semi Wins Range Test Against Volvo, Freightliner, and Nikola

Jalopnik

Real world testing data shows that the Tesla Semi truck can travel about 400 miles per charge, and recharge to 80 percent in just 45 minutes. Considering just how large the onboard battery pack is (roughly the size of ten Model S packs) that’s not too shabby. In a recent three-week test across 22 electric… Read more.

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Tesla Crash Repairs Cost $1,000 More Than Other EVs: Report

Jalopnik

While you might like to think you can fix your car after a crash with nothing more than a hammer and wrench , that’s not really the case. Instead, the vast majority of us will take our beloved vehicles to repair shops whenever we’re caught in a tangle. But while it turns out that most electric car drivers will pay only… Read more.

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Tesla Cybertrucks Are Breaking Down More Often Than I Do

Jalopnik

We’ve reached the worst time of year when summer has truly ended and the weather is trending to the bad. Every morning is colder than the one which came before it. The leaves fall from the trees, telling us they can hold on no longer. The winter greys are on the horizon. The sun never shows its face anymore. Seasonal… Read more.

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Another Tesla Cybertruck Spotted Broken Down And Stranded

Jalopnik

Elon Musk recently claimed that the Tesla Cybertruck is just weeks away from deliveries to the first customers, despite mass production not really ramping up until at least 2025. When the stainless monster first made its stage debut, it was promised to reach the market in 2020, and has already missed five promised… Read more.

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Bureau Of Land Management Rules Off-Roading Is Ruining Moab, Permanently Closes 317 Miles Of Trails

Jalopnik

Moab is arguably the most important venue in American off roading, and this month the federal Bureau of Land Management has closed 317 of the area’s 812 trail miles to motorized vehicles. The closure takes effect this Saturday , October 28, closing ORV trails to the thousands of off-roaders who frequent the park. The… Read more.

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What If Americans Say 'No' To An EV Revolution?

Jalopnik

Note: This originally ran August 21, 2023 but given what’s going on in the market, we thought we’d get it on the home page for those who may have missed it. Read more.

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Ford F-150 Lightning Sales Have ‘Tanked’: Memo

Jalopnik

Good morning! It’s Monday, October 16, 2023, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.

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Seeing Young Girls Get Excited About F1 Academy Was An Unexpected Highlight Of The U.S. Grand Prix

Jalopnik

The presence of women in motorsport is still a rarity, but new series like F1 Academy are designed to help bridge the gap and lift young women from the grassroots to an international open-wheel series — and at Circuit of the Americas during the United States Grand Prix , I got to witness firsthand just how important… Read more.

Women 72
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Automakers Are Pumping The Brakes On The EV Transition

Jalopnik

The transition to electric vehicles is supposed to be a matter of when not if. However, automakers are starting to seem a little hesitant about what resources they should pour into EV production. Manufacturers have had supply issues building electric vehicles as well as trouble actually selling the ones they have… Read more.

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More Than 80 Percent Of Americans Can’t Afford New Cars

Jalopnik

Thanks to rising interest rates , dealer markups , and a messed up supply chain , the cost of buying a car is through the roof. But have you ever considered what you might need to earn before signing up for a mammoth loan to finance a new car? Well, according to a new report, it’s actually more than the majority of… Read more.

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Here Are The Most Disappointing Cars You've Ever Bought

Jalopnik

Life is full of disappointments , and we would hope that our time spent behind the wheel would be devoid of those familiar sinking feelings. As car enthusiasts, we hope our lives on the road would come with no alarms and no surprises , but that just isn’t the case, sadly. Cars are capable of disappointing us just as… Read more.

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F1 Television Camera Helicopter Hit By National Anthem Fireworks At U.S. Grand Prix

Jalopnik

The Formula 1 United States Grand Prix at the Circuit of the Americas last weekend was as close to an interesting battle at the front as we’ve gotten so far this year, but the action wasn’t exclusively on track. Video surfacing this week on social media shows the firework-happy all-American celebrations taking place… Read more.

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Honda Prelude Makes Surprise Comeback As A Hybrid-Electric Coupe [Update]

Jalopnik

Updated Wednesday, October 26 at 3:45 p.m. EST: A representative for Honda clarified on X (it’s Twitter) that the Prelude Concept is a hybrid-electric vehicle, not a fully electric car as previously reported. Read more.

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Why Do So Many People Want To See Formula 1 Drivers Suffer?

Jalopnik

This past weekend saw Formula 1 run the Qatar Grand Prix for the second time in history, and conditions were so oppressively hot for the drivers that some withdrew from the event, vomited inside their helmets, and needed assistance to exit the vehicle. But for pundits like Martin Brundle, that kind of suffering is… Read more.

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It Looks Like The Next Gen Dodge Charger Will Get A Gas Engine After All

Jalopnik

Dodge fans were up in arms when the brand announced that it would be going electric. How would the drivers of Hellcats and Scat Packs the world over obnoxiously rip through traffic now? Today, they can put their pitchforks down, at least partially. Read more.

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Of Course People Don’t Want To Bike To Work

Jalopnik

According to a recent report from Bloomberg , the number of people cycling to work in the U.S. is on the decline. The site found that despite millions being invested in cycling infrastructure across America, the number of people regularly riding to work has fallen by 75,000 compared with pre-pandemic levels. But when… Read more.

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It Has Come To Our Attention That The Toyota Butt Plug Is Actually A Pear-Shaped Boiling Flask

Jalopnik

Ever since 2016, I’ve had to get used to the idea that things are going to happen that absolutely no one can predict. Nothing makes sense anymore, and you just have to accept it. Still, every now and then, something shows up that was very much not on my bingo card for 2023, and as much as I try not to be surprised… Read more.

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A New SUV Is Worse For The Planet Than A Ten-Year-Old Car

Jalopnik

The prevalence of SUVs on our roads is causing chaos thanks to the particulate matter they kick up off their tires and the rising number of pedestrians and cyclists they hit every year. Now, it turns out that they’re also making our air worse , as the average car sold today emits more CO2 than the average car you could… Read more.

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Tesla Price Cuts Are Hurting Hertz Stock

Jalopnik

Hertz stock value tumbled some fifteen percent Thursday morning, following the company’s third quarter reporting , showing missed earnings estimates largely due to Tesla’s recent price cuts. Hertz has invested in an electric car portfolio of rental cars, including 35,000 Tesla models. With Tesla cutting thousands off… Read more.

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Maybe People Don't Want Self-Driving Cars After All

Jalopnik

The public’s trust in self-driving cars has declined for the second year in a row, according to a study conducted by J.D. Power and MIT. The growing distrust applies to self-driving cars in general, including autonomous vehicles used by ride-hailing services , as well as autonomous driving systems such as Tesla’s… Read more.

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There’s A New Dragstrip In Southern California Where Street Cars Can Legally Race

Jalopnik

While Southern California officials are eager to solve the dangerous and deadly problem of street racing, sideshows, and other car-based tomfoolery, solutions have not been easy to come by. One man in Perris, California, thinks he has the answer; a legal drag strip for street cars. Read more.

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Mississippi Police Ran Over Man, Buried Him, Then Waited Six Months To Tell His Mother

Jalopnik

As far as Bettersen Wade knew, her son Dexter went missing on March 5. After she reported his disappearance to the Jackson, Mississippi police department, they continually told her they weren’t able to find him, NBC News reports. So she began searching for him herself, posting updates on social media and regularly… Read more.

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Colorado Law Would Charge Owners For Driving Giant, Pedestrian-Crushing Trucks And SUVs

Jalopnik

It’s already well-established that heavier vehicles do more damage to roads than lighter ones, so it only makes sense for them to pay extra for the privilege of driving, say, a GMC Hummer EV. We also know that those same giant trucks and SUVs are more dangerous to others on the road and are more likely to kill… Read more.

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Tesla Owner Charged $21,000 To Fix Rain-Damaged Battery

Jalopnik

It’s never fun dealing with water damage in your car, whether it’s a leaky roof in a downpour or a flood that ruined your precious McLaren P1. Now, a Tesla owner in the UK has found the cost of repairs on a water-damaged EV , and it’s not cheap. Read more.

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Solar-Powered Car Drives Across Morocco To The Sahara Without Using Charging Stations

Jalopnik

A solar-powered car made by students in the Netherlands completed a 1,000- kilometer (621-mile) journey through some of the toughest terrain EVs have faced so far, let alone EVs powered by nothing but the sun. The Stella Terra went from the northern coast of Morocco to the Sahara Desert without stopping at a charging… Read more.

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Mazda Is Teasing The Next-Generation Miata At The Japan Mobility Show And It's Probably Electric

Jalopnik

Every automaker is looking toward the future of cars, but based on the rhetoric being passed around by most automakers, Mazda is one of only a few still looking toward the future of driving. Many automakers want to build soul-free pods that transport people and goods from place to place without interfering too much… Read more.

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