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EV Segment Begins 2024 Experiencing an Economic Hangover
Following an incredible, whirlwind, three-year high fueled by outsized promises and expectations spurred on by a seemingly endless supply of money and government edicts, the EV world finds itself taking four ibuprofen and guzzling a quart of Gatorade as it attempts to recover from its current hangover. The industry has difficulty shaking the cost, range anxiety, and charging time trilogy with potential buyers beyond... -
The Decline of Vroom: An Online Used Vehicle Cautionary Tale
When online used vehicle retailer Vroom announced in late January it was ceasing online sales and liquidating inventory, the company became the latest “disruptor” to acknowledge that the car business is more complicated than previously thought. -
Hertz EV Move Blows a Breaker
Hertz Global Holdings had announced that it would sell one-third of its electric vehicle (EV) fleet due to limited customer demand and the underestimated cost of maintaining EVs. The company had aimed to make up 25 percent of its vehicle inventory with EVs by the end of this year, but that goal has changed. The move will result in 20,000 used EVs hitting the market... -
Apple abandons autonomous EV endeavor
This past Tuesday, Bloomberg Wire Service broke the news that after nearly a decade, Apple Chief Operating Officer Jeff Williams and Vice President Kevin Lynch announced the company was officially abandoning its quest to dip its toe into the world of auto manufacturing by producing an autonomous, electric vehicle. -
NADA, Texas Automotive Dealers Assn. challenge FTC Ruling
Why the NADA and Texas Automotive Dealers Association's Challenge Against the FTC Vehicle Shopping/CARS Rule is a Win for Consumers Adapted from the Greater Cincinnati Automobile Dealers Association Wednesday Weekly Newsletter. The National Automobile Dealers Association (NADA) and the Texas Automobile Dealers Association (TADA) have recently filed a court challenge to the FTC's Vehicle Shopping (VSR) / Combatting Auto Retail Scams Trade Regulation (CARS)... -
Don't Miss the 2024 Cincinnati Auto Expo: Join the Excitement March 14-17!
The Greater Cincinnati Automobile Dealers Association has presented the Cincinnati Auto Expo for the last 36 years. This year, our showcase for the most remarkable vehicles around will run from March 14-17 at the beautiful Duke Energy Convention Center in downtown Queen City, Cincinnati.