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Automobili Pininfarina* today in the Cambiano part of Turin introduced its PURA Vision design concept of an electric luxury vehicle – e-LUV in marketing babble. The new design concept will inspire the next generation of Automobili Pininfarina’s pure electric luxury vehicles and will make its public debut at Monterey Car Week in August, where it will appear alongside the recently revealed Battista Edizione Nino Farina hyper GT and another new production vehicle.
“PURA Vision is the bridge from our present to an exciting new chapter in the history of Automobili Pininfarina. In our fifth year, we have already celebrated our unique heritage with the introduction of the Battista Edizione Nino Farina. PURA Vision previews an exciting future and shows what can be achieved if we apply our PURA design principles to an entirely new kind of vehicle,” said Paolo Dellachà, Chief Executive Officer for Automobili Pininfarina. Continue reading
US Sales Lengthen Bidenomics Growth Streak in July
US Light Vehicle sales totaled 1.30 million units in July, according to GlobalData.* The annualized selling rate increased from 15.7 million vehicles a year in June, to 15.8 million in July. July’s daily selling rate was estimated at ~52,200 vehicles per day, compared to 53,000 in June. According to early estimates, retail sales totaled around 1,076,000 units, while fleet sales accounted for approximately 228,000 units, representing around 17.5% of total sales.
“At the risk of sounding like a broken record, July continued the trends that we have observed for several months now. As vehicle availability has improved, sales have grown, and the economy remains sufficiently strong to support the market’s activity, despite high transaction prices, rising interest rates and fears of a recession later in the year or in 2024,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading →