The average incentive spending per unit in October 2024 will total $3,149, an increase of 70.5% year over year.
Posts published in “OEM News”
Pennsylvania dealer Rob Cochran is elected as vice chair, New York dealer Robert Vail is re-elected as secretary, and Ohio dealer Kirt Frye remains treasurer.
The election has potential for a "massive" impact on the auto industry and related uncertainties will touch nearly every facet of the industry.
California’s high energy prices mean mid-priced EVs make more sense there than in Michigan or New York; luxury EVs have cost advantage.
Through nine months of the year, raw light-vehicle sales volume totaled 11.69 million units — an increase of just 0.7% year over year.
By the 2023 model year, 10 out of 14 ADAS features had surpassed 50% market penetration, with five features exceeding 90% penetration.
More than 154,000 plug-in hybrids have risk of fire while parked or driven; vehicles should be moved outside and away from structures.
