The new model provides a crossover’s larger driving position however in a low-to-the-ground package deal designed to maximize aerodynamics. A battery-powered, U.S.-made model of the Sprinter van will arrive within the second half of 2023. The eSprinter might be constructed on the EVA2 platform and be out there in two wheelbases.
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Dealership buy-sell activity reached what’s extensively regarded as a high level in 2021, and the results of the numerous megadeals struck that 12 months have been fully in impact in 2022. Several dealership group leaders who spoke with Automotive News credited acquisitions with boosting their 2022 sales volumes, and thus their listing rankings. Keating Auto, of Victoria, Texas, purchased seven dealerships in late 2021, all in Texas, and Ben Keating, the group’s owner, credited these purchases, which included three high-volume Hyundai stores, as a giant cause for the corporate’s progress last yr. “It turns into a declining percentage of Magna’s whole gross sales,” Narayan said.
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In New Jersey, a invoice introduced last yr would prohibit automakers and sellers from charging subscription or post-purchase charges to activate sure safety and convenience options already installed on the automobile on the time of sale. “That will take a huge amount of revenue away from every dealership going forward and continuing each year,” Bellavia stated. “I assume it’s even a larger menace than the EV mannequin that sellers are being confronted with because that’s a slow course of and market share will be very gradual over a protracted time frame, whereas the subscription model is a direct and imminent threat.”
“The U.S. is a big market, and it will need some corporations like us to supply new electric automobiles.” Citing multiple sources within the Thailand automotive business, the news outlet says Kia is currently in talks with the native authorities on the model new manufacturing facility, with an funding deal expected to be signed later this year. If built, the Kia facility in Thailand can be the South Korean carmaker’s first venture into building a model new abroad plant in years after the completion of its manufacturing unit in India in 2018. Porsche clients in Malaysia could place their orders for the 2024 Cayenne – among different Porsche models – by way of the brand’s digital platform, and for the primary 250 Cayenne orders, matching painted automobile keys will be supplied with the brand new autos. Mansouri on March 4 sold Fairfax Kia, also in Virginia, to Ourisman Automotive Group.
Gross inventory levels and days’ supply are completely different measurements; days’ supply depends on the pace at which consumers continue to purchase new autos. Among brands reporting month-to-month sales, Mazda was alone in posting an increased days’ provide for December over the earlier month, according to the Automotive News Research & Data Center. Meanwhile, the other six brands recorded days’ provide decreases ranging from one to six days. Ford Motor Co. was the only reporting automaker to record greater than a one-month supply.
“State legislators have to be conscious of those market conditions and resist stress to cross laws that additional entrench vendor protections that block competition and in the end harm customers.” Dealers’ considerations have been influenced by the pandemic’s acceleration of on-line sales and the expansion in reservations and car orders resulting from a shortage of semiconductors that curtailed new-vehicle manufacturing. At the same time, conventional automakers have rolled out extra EVs and — in some cases — new sales fashions to accompany them.