As U.S. CPO Sales Fall to 8-Year Low, Some Brands Make Older Cars Eligible
As U.S. CPO Sales Fall to 8-Year Low, Some Brands Make Older Cars Eligible
Genesis Dealer Says Standalone Stores Are Critical
The young Genesis luxury brand continues to hit growth milestones in the U.S., even though its dealer network has been slow to step up and construct standalone stores. The automaker just had two more dedicated retail locations open this month. But out of 270 dealers for the brand, which launched in 2016, only four so far have opened standalone stores.
Audi Confirms Plans for 20 New Models by 2025
Audi is set to launch 20 new models, including more than 10 battery-electric vehicles, by 2025 in what CEO Markus Duesmann calls “the biggest product initiative” in the German automaker’s history. “We’ve set the course to go 100 percent electric. By 2025, we will have launched around 20 new models, more than 10 of which will be electric,” he says, adding, “By 2027, we will seek to offer an electric vehicle in each core segment.”
Chairman’s Blog: Mike’s Message Bad Trade Policy Is the Worst Kind of Sequel
Chairman Mike DeSilva is back with a new blog post. In it he writes that America’s love affair with sequels is no secret, and that appreciation for a follow-up extends well beyond cineplexes.
Maryland Becomes Latest State to Announce 2035 ICE Ban
Maryland is the latest state to announce the adoption of the Advanced Clean Cars II act, first adopted by California. Carbuzz reports, Governor Wes Moore announced that manufacturers must increase the share of electric vehicles they sell in the state over the next few years until a 100 percent figure is reached in 2035.
