Stronger Bottom Lines Despite 2020 Sales Dive A drop-off in auto sales usually sends incentives soaring and profits plummeting. Not in 2020, amid the biggest one-year decline in U.S. light-vehicle sales since the Great Recession, reports Automotive News. Instead, tight inventory levels resulted in … Continue reading The Monday Brief: Top 4 Stories from the Car Business According to AIADA

By Gabrielle Coppola and Keith Naughton Pandemic lockdowns have cost millions of low-income Americans their jobs, while white-collar types who work from home are flush with cash they can’t spend on dining or travel. Instead, many of them are buying expensive cars. High-end … Continue reading Pandemic Sharpens Split Between Have and Have-Not Car Buyers

Sources with knowledge of Apple’s product plans have said on the record that it will take Apple “at least half a decade” to launch an autonomous electric vehicle. Apple has a small team of hardware engineers that are working on drive … Continue reading Apple Car Will Not Be Ready for At Least Five Years

One week after starting a new position as chief operating officer and executive vice president at Kia Motors America, Bill Peffer has resigned “in conjunction with his pursuit of a new opportunity in the automotive industry,” the company said Friday. … Continue reading Kia’s New COO Exits, After Just One Week

According to the J.D. Power 2021 U.S. Manufacturer Website Evaluation Study,SM only 35% of car shoppers are delaying a new-vehicle purchase due to the pandemic, which is a decrease of five percentage points from the summer of 2020. Additionally, 45% of … Continue reading J.D. Power Finds Car Shoppers’ Willingness to Purchase Online Remains High as OEM Websites Strive to Evolve

By Neal E. Boudette The auto industry sputtered through its weakest year in nearly a decade in 2020 as the pandemic kept buyers away from dealerships and forced companies to shut down factories for two months last spring. But automakers are counting on a … Continue reading The Pandemic Sank Auto Sales. Vaccines Could Bring Buyers Back.

By Neal E. Boudette General Motors said its vehicle sales in the United States fell 12 percent in 2020, but increased 5 percent in the fourth quarter from the same period a year earlier, a hopeful sign for the auto industry at the … Continue reading Sales Fell in 2020 but were Up in the Final Three Months of the Year Says General Motors

2020 is officially in the rearview mirror and a handful of automakers have released their fourth quarter and year-end sales results. Kicking things off is General Motors, which sold 771,323 vehicles in the fourth quarter and 2,547,339 vehicles for the … Continue reading 2020 Was Brutal For Automakers As Many Post Decline In Sales

By Phoebe Wall Howard, Detroit Free Press Ford Motor Company launched the new year with news of more management changes, with Andrew Frick appointed vice president of sales in the U.S. and Canada, effective immediately. Frick, 47, expands his role … Continue reading In Latest Management Shakeup, Mark LaNeve Leaves Ford, Andrew Frick Takes Sales Lead in Most Valuable Market

Kia Motors America named Bill Peffer chief operating officer and executive vice president after serving as vice president of sales operations since July 2017. Peffer, 50, will lead all customer-facing functions in the U.S., Kia said in a statement, including … Continue reading Kia Motors America Promotes Bill Peffer to COO in U.S.