New research has highlighted a significant gap between what electric vehicle (EV) buyers expect and what the market currently offers. This disparity underscores the need for better consumer education both within and outside dealerships. Let’s delve into the key findings: Unrealistic Price Expectations Consumers tend to hold overly optimistic beliefs...
Visionary of the Vehicle World: Jack Kain’s Legacy
Jack Kain, a colossus in the automotive industry and a cherished community figure, passed away at 94. His journey from a part-time car salesman to the esteemed Chairman of the National Automobile Dealers Association (NADA) is a testament to his dedication and impact on the industry. A Lifetime of Achievement...
Michael G. Rhodes Takes the Helm at Ally Financial
Ally Financial Inc. has ushered in a new era of leadership by appointing Michael G. Rhodes as its Chief Executive Officer, effective April 29, 2024. With a storied career spanning over two decades in consumer banking, Rhodes is set to steer Ally Financial into its next evolutionary phase. A Visionary’s...
Fisker’s Bold Move: Major Price Cuts on Ocean SUV to Navigate Financial Storms
In a bold strategy to navigate through financial turbulence, Fisker Inc. has announced substantial price reductions across its 2023 Ocean electric SUV lineup. This move is seen as a direct response to the looming threat of bankruptcy and a bid to revitalize sales and consumer interest in their flagship vehicle....
Hyundai’s Electrification Endeavor: A $50 Billion Leap Forward
In an unprecedented move, Hyundai Motor Group has announced a colossal $50 billion investment in electric vehicle (EV) technology and infrastructure. This bold step is set to propel the South Korean automotive giant into the forefront of the EV market, aiming to establish itself as a top-three EV manufacturer by...