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Wholesale used vehicle prices increased 5.84% month over month in July, bringing the Manheim Used Vehicle Value Index to 158 a 12.5% increase from a year ago and another record-high for the Index, which also occurred in June.
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Among other problems, AAA automotive researchers found that vehicles with active driving assistance systems often disengage with little notice — almost instantly handing control back to the driver.
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Starting this month, Nationwide will provide a subsidy to eligible insureds who install Samsara telematics solutions and meet safety-focused key performance indicators.
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Gasoline prices held steady at $2.18 as the majority of state averages saw minimal impact at the pump, maintaining overall price stabilization.
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The middle mile in the supply chain is ripe for efficiency gains, while its repeatable routes make it a fit for early autonomous transportation adoption. Gatik’s Sam Saad explains when, how, and why.
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Ford has named Jim Farley as the company’s new president and CEO, succeeding Jim Hackett who will retire on Oct. 1 after leading the company since 2017.
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Lordstown will list on NASDAQ through a merger with DiamondPeak Holdings Corp. The EV maker has received more than 27,000 pre-orders for its Endurance electric pickup, primarily from commercial fleet customers.
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New vehicles priced between $30,000 to $40,000 are in the shortest supply while those priced below $30,000 have the highest inventory, according to a Cox Automotive
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The U.S. Department of Energy (DOE) will provide $139 million in federal funding for 55 projects across the country that will support new and innovative advanced vehicle technologies.
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Preorders from commercial and fleet customers for the all-electric Endurance pickup exceed the company’s production capacity of 20,000 units for 2021.
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