AutoNation, described as the largest car dealership chain in the United States, told Fortune that discounts on new vehicles may be a thing of the past, and may not return after the pandemic. “We will not return to excessively high inventory levels that depress new-vehicle margins,” said AutoNation CEO Mike Manley. “Significant discounting and high incentives can also damage a brand, which is another reason for our industry to balance appropriately supply and demand.” (Source: Fortune) Read the original story…
Cars that capture carbon?
A group of students in the Netherlands has designed a concept car named “Zem” that cleans the air while driving instead of emitting CO2 using a technology called “direct air capturing.” Direct air capture is a fairly new method of …
Is a lack of charging options hurting EV uptake?
Recent studies about EV charging should give pause to owners, those considering buying an EV, and even the government and charging network providers. A study released by the Canadian government in late August found the country needs to speed up …
Honda-Sony Mobility to produce luxury EVs for North America
The Honda and Sony joint venture chose to prioritize the North American market because EVs enjoy a rapid gain in popularity in the US and Canada, and also because it is the largest global market for Honda. This is why …
Ottawa’s new luxury auto tax doesn’t end when you drive off the lot
The passing of the federal budget in July has stirred up plenty of conversation around Canada’s upcoming (and retroactive) luxury tax on spendy vehicles. In a nutshell, Ottawa is introducing a levy on the sale or import of certain vehicles …
Honda releases details about new hydrogen fuel-cell EV
Honda provided a few more details relating to its next-generation hydrogen fuel-cell electric vehicle, which will be based on the CR-V. The as-yet-unnamed crossover will be part of the automaker’s push to eliminate carbon emissions from its lineup. In a …
Hyundai Ioniq 6 bests Tesla Model 3 in EPA range tests
The 2024 Hyundai Ioniq 6—the sleek sedan version of the Ioniq 5 that was recently named 2023 MotorTrend SUV of the Year—has achieved a phenomenal EPA range estimate, maxing out at 361 miles on a single charge with a full …