Tag: vehicle market


Governors From 16 States Ask Biden to Roll Back EV Mandates

January 25, 2024

Via: Transport Topics

Governors from 16 states have sent a letter to President Joe Biden, asking him to rescind his electric vehicle mandates in favor of letting the market determine adoption. “We are writing today on behalf of the American consumer to urge […]

Industry Focus Areas, Logistics, Motorized Vehicle, Process

Pricey SUVs, crossovers powered a surprisingly buoyant U.S. light vehicle market

January 2, 2020

Via: Automotive News

Crossovers and SUVs were a force at the end of 2019, possibly garnering a majority of U.S. auto purchases for the first time and generating enough demand to keep sales steady and push prices to record highs. Automakers probably sold […]

Industry Focus Areas, Logistics, Motorized Vehicle, Process

Penske Automotive’s Q2 net income falls 12%

July 30, 2019

Via: Automotive News

Penske Automotive Group Inc.’s second-quarter income fell as weak market conditions in the United Kingdom hurt new-vehicle sales and used-vehicle profits in that market. Net income for the nation’s second-largest dealership group dropped 12 percent to $118.5 million. Revenue dipped […]

Industry Focus Areas, Motorized Vehicle

Nobody Panic But U.S. Light Vehicle Sales Are Poised For A Decline in 2018

December 5, 2017

Via: Forbes

Wall Street analysts are taking a big picture approach to auto sales next year, rather sanguine about an expected decline in light vehicle sales in 2018. My colleagues at Cox Automotive, economists Jonathan Smoke and Charlie Chesbrough, emailed me some […]