EVs represent the fastest-growing car sales category, holding a 7.6% share of the total U.S. vehicle market in 2023.
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NADA also reports that 2023 BEV sales topped 1.1 million units for the first time and made up 7.2% of all new light vehicles sold.
Greater costs for repair parts and fewer auto body workers familiar with servicing EVs contribute to costlier insurance claims and higher rates.
This year’s theme is “Time to Accelerate! Stay Ahead of the Competition"; event is Thursday, Jan. 25, and will be recorded for future viewing.
Five key themes offer perspective on the road ahead for the auto industry as trends return to pre-pandemic levels.
General Motors, Jaguar Land Rover, Maserati and Porsche all dramatically increased the proportion of their vehicles equipped with the technology.
On track for record year as dealerships focus on expansion through acquisitions, sparked by pandemic; remains "impervious" to interest rates.
