Car Dealership Guy’s Post

Today's top auto industry stories: Inventory, affordability, and demand move in the correct direction in Q1 #Tesla settles lawsuit over fatal crash involving Autopilot Ford’s agency model bid was canceled in Europe after a trial run Gallup poll studies declining interest in #EVs among consumers Read more on these stories here: https://lnkd.in/eSC6zqjK

NEWS: Less than 33% of dealers are happy with their data insights… Plus, Toyota is under major scrutiny ahead of this week’s earnings call and the Detroit 3 are being forced to make tough decisions about their EV ambitions… Today’s top 3 stories in automotive: 1. A new study from Cox Automotive Inc. looks at how dealers can start getting the real benefits of data-driven insights… https://lnkd.in/gP4XkDV6 2. The cracks are beginning to show in Toyota's once-impenetrable armor… https://lnkd.in/g52Rcp4B 3. OEMs are following the money and retooling their EV plans as the early adopter phase approaches its end… https://lnkd.in/gBb_pfaA Read today’s automotive news, brought to you by Auto Hauler Exchange: https://lnkd.in/gQjTScYZ

🚨 Automotive Recall Alert 🚨 Over 21 Million Vehicles Affected Year-to-Date 2024! As automotive technology advances, so do the complexities—and recalls. In 2024 alone, over 21 million vehicles have been affected, signaling significant safety concerns across the industry. Manufacturers face growing pressure to manage recalls swiftly and maintain consumer trust. 🔹 Tesla leads the pack with 1.8M+ recalls in Q3, but all can be addressed via Over-the-Air (OTA) updates. 🔹 Electrical systems have emerged as the top recalled component, reflecting the intricate nature of modern vehicles. 🔹 Dealerships are seizing the opportunity to enhance customer safety and boost service revenue by turning recall management into an advantage. How are recalls impacting your service department? Dive into the data and learn how dealerships can leverage this challenge for growth. Access the full Q3 2024 Recall Report to get all the insights: https://lnkd.in/g6asuHjT #Recall #Recalls #VehicleRecalls #NHTSA National Highway Traffic Safety Administration NHTSA

 Stellantis, the parent company of Chrysler, Dodge and Jeep, is dealing with a number of auto recalls. The most recent involves the anti-lock braking system on the Dodge Ram 1500 pickup truck.  The recall, which impacts more than 1.2 million vehicles, covers models from 2019, and 2021 through 2024. Stellantis said it issued the recall because these “trucks may be equipped with ABS module software that could inadvertently disable the Electronic Stability Control system.” Stellantis admits the software glitch not only affects those two functions, but also impacts the Adaptive Cruise Control and Forward Collision Warning systems as well. These are not the first Ram trucks to be recalled due to this problem.  In June, Stellantis issued a recall for Ram 2500 pick-up trucks due to a similar issue. Conway G. Gittens takes a look at this and the other headlines moving markets Monday, September 9. #stellantis #recalls #dodgeram

Great perspective on what is really happening in the EV market from Laurence Iliff of Automotive News. One takeaway: Auto sales act like other free markets and prices rise and fall with demand for EVs two. Incentives near $9k or more lower the price to attract buyers. OEMs at some point need to have vehicles that sell without such huge discounts.

Recall Alerts: Toyota, HydraSense and Tesla Top Canadian Recalls This Week There were a wide variety of recalls in Canada in the past week. This week’s recalls include various vehicles, baby medication, electronics, health-related devices and more. Check out the recalls below: https://lnkd.in/gheZrt4q #RecallAlerts #ProductSafetyAlert #ConsumerRecall #ProductRecall #SafetyConcerns #RecallNotification #ConsumerSafetyAlert #ProductIssue #RecallAwareness #CustomerSafetyAdvisory

Suppliers in the automotive industry are facing difficult decisions about retooling factories for the electric vehicle revolution. Read our latest #MooreIntelligence article to find out why: https://lnkd.in/e67YhkUV #ProudlyMoore #Automotive

Autoline Daily 2024: Top Industry News for March 26 Tesla Owners Get Free FSD For a Month; Fisker Headed Toward Bankruptcy; VW Developing Performance EVs http://spr.ly/6044ZrfXw #Automotive #AutomotiveTechnology #IndustryNews

BMW and Mini have recalled a total of 30 vehicles, including various models from 2022 to 2024, due to a potential fault in the braking system stemming from a manufacturing defect. This defect may cause an incorrectly welded component in the brake booster system, leading to higher pedal force requirements and extended braking distances. The Anti-lock Braking System (ABS) and Dynamic Stability Control (DSC) may also malfunction, increasing the risk of accidents and potential injuries. Drivers will be notified through a brake warning light and a message on the central display. Affected BMW models include the X1, iX1, X2, iX2, X5, X6, and X7, while Mini models affected are the Cooper and Countryman. READ MORE: https://lnkd.in/gKu-P9e7

In North America alone — Stellantis’ biggest market — volumes were reduced by 20%, or nearly 100,000 units, as it shifted its U.S. #automotive #manufacturing operations to make way for next-generation vehicles.