Big Chevy Bolt price cut may be a turning point for auto industry

Big Chevy Bolt price cut may be a turning point for auto industry https://ift.tt/jEO04UR

The decrease could mark a pivotal moment in EV pricing across the industry, especially as U.S. gasoline prices average near $5 per gallon, and it could pressure other brands to reduce EV prices.

Car buyers will go nearly 500 miles to get a vehicle, survey finds

Car buyers will go nearly 500 miles to get a vehicle, survey finds https://ift.tt/R2YLsfv

A recent survey found the average person was willing to travel up to 469 miles to purchase a used vehicle.

Upstart platforms, peer-to-peer sites squeeze auctions

Upstart platforms, peer-to-peer sites squeeze auctions https://ift.tt/1zYZ5Dk

While consumers and dealers were using digital platforms to buy and sell used cars before the pandemic, the use of such options has skyrocketed in the era of COVID-19.

Standing out as digital needs keep increasing

Standing out as digital needs keep increasing https://ift.tt/Gwb7M6y

The importance of technology to a dealership's operations today can't be overstated. It's clear with each new product or acquisition announcement from retail technology companies.

Ford adjusts EV standards, ups training with dealer feedback

Ford adjusts EV standards, ups training with dealer feedback https://ift.tt/UQ0BmnX

Executives have adjusted their thinking on some aspects, but the automaker is largely sticking with plans to have dealerships sell EVs at nonnegotiable prices and offer customers the ability to complete their purchase online.

U.S. vehicle inventory stays flat at 1.13 million

U.S. vehicle inventory stays flat at 1.13 million https://ift.tt/Noru9jq

U.S. inventory levels continued to bounce along at just over 1.1 million vehicles and roughly a 35-day supply, where they have stayed for much of the year.