2024 auto industry steers through vehicle affordability, inventory roadblocks

Posted on by Damar

As the automotive retail industry settles into 2024, there’s cautious optimism about returning to ‘near-normal’ vehicle inventory levels. This is a welcome change from the shortages that began in 2020. But, inventory challenges are still looming, especially when it comes to vehicle affordability putting pressure on consumers.

Experts from Lotlinx have voiced their concerns and shared their predictions to shed light on what auto retailers can expect this year. Among the key challenges noted is the imbalance in the market. Today, many OEMs have a surplus of cars, reflecting the impact of economic headwinds.

“Typically, the industry considers a 60-day

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56th Annual O’Reilly Auto Parts World of Wheels Coming To The Convention Center

Posted on by Damar

The 55th Annual Chattanooga O’Reilly Auto Parts World of Wheels Custom Auto Show, produced by McLean Motorsports, is coming to the Chattanooga Convention Center the weekend of January 5-7.

This event is Chattanooga’s largest indoor custom car show and enjoys participation by many local enthusiasts who proudly exhibit the vehicles they have been working on for years. The specialty vehicles coming to this year’s show include Hot rods, Race Cars, Custom Imports, Antique and Classic Cars, and Motorcycles plus Special Feature cars.

Plus, exhibitors from all across the country travel to Chattanooga to show their vehicles and compete for cash

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Skoda Kushaq Explorer edition breaks cover— off-road ready – Car News

Posted on by Damar

Skoda Kushaq competes against other SUVs like Maruti Grand Vitara, Kia Seltos, Hyundai Creta, and its cousin Volkswagen Taigun.

Skoda has unveiled a special Kushaq Explorer edition which is an off-road-ready version of the compact SUV. Based on the Style trim, the features of the Kushaq Explorer edition are part of an accessory package. That said, Skoda is yet to announce the price of this special edition Kushaq.

The Czech carmaker has merely introduced the Explorer accessory package to gain feedback from prospective Skoda buyers. If and when this version of Kushaq goes on sale, customers can opt for either

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SiliconAuto to Design and Sell State-of-the-art Semiconductors for the Automotive Industry

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AMSTERDAM – Stellantis NV and Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced the creation of SiliconAuto, a 50/50 joint venture dedicated to designing and selling a family of state-of-the-art semiconductors to supply the automotive industry, including Stellantis, starting in 2026.

The joint venture combines Foxconn’s development capabilities and domain expertise in the ICT industry with Stellantis’ deep understanding of diverse mobility needs around the world. SiliconAuto will provide customers an auto industry-centric source of semiconductors for the growing number of computer-controlled features and modules, particularly those needed for electric vehicles.

Products from SiliconAuto will support the future semiconductor needs

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From Taisor to Swift: 5 Upcoming car launches in April – Car News

Posted on by Damar

Brands like Toyota, Maruti Suzuki, Mahindra, Tata Motors, and Skoda are expected to come out with their respective products in April.

Like any industry, the month of April holds the key to many businesses including the auto industry. Besides financial results, OEMs take the opportunity to launch or introduce some new products. Something similar is slated to happen this coming April as well as several new models lined up for launch. Let us take a look at five cars expected to hit the Indian market in April this year.

Toyota Taisor

The first major car launch in the coming financial

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New pattern of car theft sweeps across Lagos

Posted on by Damar

…Residents must be vigilant – security experts

Many residents in Lagos State have raised concern over the growing number of components of luxury cars that are being stolen across the state.

It is becoming a reality that cars, especially the more expensive ones, are being stolen piecemeal nowadays.

Read also: Car theft surge in Lekki, Ikoyi raises alarm

Car thieves no longer find it fanciful stealing a whole car but instead, the most costly and important components that are undoubtedly high on demand are the main focus in recent times.

In the last few months, several cases have been reported

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Indian car exports: Car shipments shifting back to pre-Covid gear; Maruti, Hyundai at the top

Posted on by Damar
Made-in-India car exports are set to touch pre-Covid levels, despite global uncertainty, amid an increase in demand for models such as the Hyundai Creta, Maruti Suzuki Grand Vitara, Kia Seltos and Mahindra XUV700 from customers in Australia, Latin America and Southeast Asia.

According to industry estimates, Indian carmakers are set to ship more than 675,000 vehicles in the fiscal year that ended March 31, recovering from a low of 404,000 reported in the aftermath of the pandemic in FY21. Around 663,000 cars were exported from the country in the last financial year.

Vehicle exports were dominated by Maruti Suzuki and

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How Two Top Car Salesmen Pitch EVs, One in Trump Country and One on Biden’s Turf

Posted on by Damar

ELK RIVER, Minnesota—Here in a Trump-friendly county, Terry Berg would like to sell you an electric car.

He is the top salesperson at Cornerstone Ford, having sold cars and trucks at this dealership  since 1987.

If you step into his office and show even the slightest interest in an EV, he will paint you a picture of the benefits. He explains, in a methodical manner, how he enjoys the strong acceleration, how his personal EV has enough range to get him to his lake cabin and how a combination of rooftop solar and an EV means his fuel costs are

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