Page 2 - Auto Summit News Today

Africa must reposition itself in readiness to welcome car manufacturers to bolster its own supply and boost its prospects for regional trade as the rest of the world is confronted with economic development headwinds. Mr K.T Hammond, the Minister of Trade and Industry, said besides Ghana, other African countries, including…

BEV sales outpace the number of public charging stations, says a J.D. Power report. That’s a problem.

Alternatives deserve a longer look, says Toyota's Hollis and J.D. Power's Betts

Think of the used-car supply picture back in 2010 through 2012. These were the years in the aftermath of the Great Recession, automaker bankruptcies and, ultimately, new-vehicle sales tanking. “All you dealers out there that remember trying to get used cars, especially lease maturities back in 2010, 2011, they weren't there,” Jonathan Banks, vice president of product and vehicle valuations at J.D. Power, told a crowd at the J.D. Power Auto Summit last week in Dallas. “We’re in a sim...

The automaker hopes the move will boost dealers’ inventory.

DriveItAway gives dealers “a second bite of the apple” with the opportunity to sell a new car, service it and perhaps sell the car as used.

“A lot of buzzworthy EVs haven’t hit the market yet,” says J.D. Power’s Stewart Stropp.

“How long can record pricing and profits persist?” asks J.D. Power’s Thomas King.

“One thing I would not do is fragment between EVs and ICE,” says AutoNation CEO Mike Manley, a former auto executive.

Renault and Nissan aim to be among the first cars to sell 1m electric vehicles using a unified battery system, placing them alongside Tesla and Volksw