Cox Automotive said today that it is forecasting that balance will reappear in the US auto market during 2024. This should be better for American consumers and fleet buyers who will find more choices, better deals, and better access to online buying tools. Cox predicts that 2024 will be the best year for car buyers since the pandemic.
“Our research suggests that Americans are putting more emphasis on buying/owning personal transportation, in contrast to 2018 and 2019, when consumers put a higher value on access to transportation,” said Jonathan Smoke Cox Automotive Chief Economist. “And after tumbling in 2021 and 2022, satisfaction with the car buying process is expected to improve in the year ahead, thanks in part to better inventory and the return of discounting, but also from improved processes at the dealership that save time and make car buying more efficient.” Continue reading
Audi, Porsche, Scout Motors and VW EVs to offer NACS in 2025
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Audi, Porsche and Scout Motors,* and VW today announced an implementation of the North American Charging Standard (NACS) for future products in the region, beginning in 2025. Adapters for the Tesla Supercharger network are under study for existing Volkswagen Group electric vehicles. This adds to the more than 3800 DC fast charging outlets currently in operation by Electrify America and Electrify Canada. Electrify America previously announced it will work to offer the NACS connector at charging stations by 2025 in the region, as well as continuing to support the so-called Combined Charging System (CCS).
“This is great news for our electric vehicle customers in the North American Region,” said Pablo Di Si, President and CEO, Volkswagen Group of America. “This potentially provides them with access to more than 15,000 additional charging points as well as the current ~4000 DC fast-charging outlets operated by Electrify America.” Continue reading →