Edmunds

Car prices surged during and after the COVID-19 pandemic. Experts are now warning consumers to prepare for additional price hikes due to President Donald Trump's new 25% tariff on imported vehicles and certain auto parts.  What To Know: President Trump announced the tariffs on Tuesday evening...

The automotive industry could be one of the American sectors hit hardest by President-elect Donald Trump's announced tariff plans on Canada and Mexico. What Happened: The incoming White House administration could significantly impact various industries and influence pricing for everyday goods and...

So far this year, car repossessions are up 23% compared with the same period last year. What Happened: According to Bloomberg, citing data from Cox Automotive, vehicle repossessions began increasing in 2023. They’re up 14% from the first half of 2019, exceeding pre-pandemic levels. Vehicle...

There is a widening dissonance between customer expectations and offerings in the U.S. EV market, according to a new EV sentiment survey conducted by the car shopping website Edmunds. What Happened: Customers looking to purchase an EV have a few considerations in terms of price, range, and even...

While Tesla Inc (NASDAQ: TSLA) has set the standard for electric vehicles across the globe, car experts at Edmunds compared the company's Model S Plaid to fellow U.S. EV competitor Lucid Group Inc's (NASDAQ: LCID) Air late last year — and...

Tesla Inc (NASDAQ: TSLA) and Rivian Automotive Inc (NASDAQ: RIVN) have secured top awards from automotive research agency Edmunds as part of its 2022 rankings. What Happened: Tesla’s affordable, compact sedan Model 3 has been named the top-rated electric vehicle of the year and the...

When it comes to electric vehicles, one of the most important statistics is range. Charging takes longer than a quick fill-up with gas, so EV owners need to be able to go for long stretches without refueling, and also have a good amount of time to plug in and recharge.  As with gas-...

After months of rumors, Cars.com Inc (NYSE: CARS) announced Wednesday its ongoing review of strategic alternatives, including a possible sale. What Happened Management has been working with external advisors to initiate a process since receiving Board authorization Sept. 28. "We are confident...

In 2009, in the midst of the global financial crisis, after Daimler washed its hands of the bankrupt Chrysler and pulled out of the DaimlerChrysler joint venture — and as Cerberus was desperately trying to peddle its struggling asset — Fiat’s fearless leader stepped...

With just one automaker reporting an annual increase in February sales, 2018 is looking bleaker for the auto industry. But that’s not unexpected. “This year is going to be a bitter but necessary pill for the auto industry to swallow,” Jessica Caldwell, Edmunds' executive...

The last month could have been an acceptable loss in the automotive industry. “January is typically a ho-hum month for auto sales following the major holiday blowout sales we see at the end of the calendar year,” Jessica Caldwell, executive director of industry analysis at Edmunds, said...

After two fairly strong months, auto sales softened in October, courtesy trimming of incentives and one fewer selling day in the month. However, industry watchers believe sales will rebound in the final months of the year, as automakers strive to clear inventories. Incentive spending remained...

Thanks to copious incentives, the Labor Day boost and the recovery following the recent hurricanes, auto sales were higher all around in September. Detroit's Big Three had a fairly strong month, with even Fiat Chrysler Automobiles NV (NYSE: FCAU) reporting a small increase in its retail sales...

Some semblance of sanity returned to the auto market in August after an extended lean run that spanned seven months. That said, the performance remained lukewarm, as companies continued to work their way through inventories. August 2017 had one additional selling day compared to the same month in...

U.S. vehicle sales continued to be lackluster in July, with the weakness more pronounced among the U.S. automakers. Coupled with sales worries, the industry is also plagued by higher inventory levels and unusually higher incentives for this time of the year. The companies continued to chip away...