What experts have to say about the O’Reilly-Vast deal

Posted on by Damar

The news that the Del Vasto family will sell their business to a US giant has the Canadian automotive aftermarket talking.

On Monday, O’Reilly Automotive announced it had agreed with Groupe Del Vasto shareholders to buy all of the company’s shares and its affiliated entities

The move hasn’t surprised many in the Canadian auto care space.

O’Reilly has been expanding outside of the US, particularly into Latin America, noted Kumar Saha, US vice president and Canadian managing director of global automotive data firm Eucon.

“The northward expansion also makes sense,” he said “So not surprised. But it’s very interesting news.”

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January US auto sales: Hyundai, Kia slip in weaker car volume

Posted on by Damar






























January US auto sales: Hyundai, Kia slip in weaker car volume | Automotive News


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Amazon and Hyundai launch strategic partnership—including vehicle sales in 2024

Posted on by Damar

As shared by Amazon CEO Andy Jassy, ​​Amazon and Hyundai Motor Company have announced a broad strategic partnership.

“Hyundai is a very innovative company that shares Amazon’s passion for trying to make customers’ lives better and easier every day,” said Amazon CEO Andy Jassy. “Our broad, strategic partnership should do just that, from changing the ease with which customers can buy vehicles online to make it simple to use Alexa in Hyundai vehicles for entertainment, shopping, smart home adjustments, and calendar checks to enable Hyundai to transform their customer experiences and business operations by moving to AWS. We look forward

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Toyota Is Still The Biggest Car Company In The World

Posted on by Damar

We’ve been waiting for Toyota to release sales data for 2023 ever since the Volkswagen Group announced it sold 9.24 million cars. The numbers are in, and as expected, the Japanese juggernaut managed to comfortably beat its German rival with a record-breaking 11,233,039 vehicles shipped last year. That’s an increase of 7.2 percent year-over-year, which makes Toyota the best-selling automaker for the fourth year in a row.

A closer look at the numbers shows that Toyota and Lexus brands delivered 10,307,395 cars in 2023, or 7.7 percent more than the previous year – and a new record. Daihatsu also posted

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Electric vehicle sales are slowing. No need to panic yet, insiders say.

Posted on by Damar

The recent headlines for electric vehicles have been brutal: Sales are dropping. Momentum is slipping. Consumers are enthusiastic about the technology.

Experts say, however, that 2024 may be the year to finally pull the plug on gasoline-powered cars and trucks.

“Five years ago we didn’t have the array of EVs we have now. They account for 10% of the market,” John Voelcker, a contributing editor at Car and Driver, told ABC News. “The growth rate may flatten… but the cost of EVs will continue to come down.”

Price slashing by Tesla and its rivals has definitely juiced sales of battery-powered

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All of the Electric Cars Compatible with Tesla’s Supercharger Network

Posted on by Damar

People who drive diesel- or gas-powered vehicles can pull up to almost any fuel pump and fill their tanks without having to think twice. It’s not that simple for EV drivers. That’s because electric vehicles currently have one of several different charge ports, from the oddball CHAdeMO to the more common Combined Charging System (CCS) and Tesla’s proprietary North American Charging Standard (NACS).

Tesla’s NACS charge port and the company’s extensive network of Superchargers are largely considered the gold standard, and it appears other automakers are ready to make Tesla’s system the industry standard. In May 2023, Ford was the

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Back to Normal? Cox Predicts More Deals, 15.7M Sales in 2024

Posted on by Damar
  • For 2024, Cox predicts a sales mix of 10% EV, 14% hybrid, and 78% ICE. By 2025, the shares will be 15%, 18%, and 69%, respectively.
  • Whether you have an eye on a new EV, a new ICE-powered vehicle, or a hybrid, the sellers’ market boom created by COVID’s supply chain shortages three to four years ago is over.
  • By last autumn, the average transaction price for an EV was $50,798, driven down by Tesla’s ATP of $50,051, and probably within reach of buyers able to pay the ATP for ICE and hybrid vehicles of $48,759.

Cox Automotive economists and

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What are the signs of fraudulent car deals? | Local News

Posted on by Damar

Question: I am looking at purchasing my first vehicle but I am worried about scams. Do you have any advice for me? Thank you.

Answer: Here is some information we recently shared on our Minnesota Department of Public Safety blog:

Picture this: You are excited about buying a car. You drive it home, but later find out the odometer has rolled back thousands of miles, it was stolen, or it had previous damage the seller didn’t tell you about — all devastating news.

Scams like this are happening right here in Minnesota. That’s why our State Patrol Investigative Services Section

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