The Car Connection
All Things Automotive
Carvana's Monster Q2 is No Joke: What's Next for This Survivor Among Tech-Driven Online Dealers?
Carvana's strong Q2 2024 results, featuring a 33% increase in sales and 15% revenue growth, reflect a turnaround in its e-commerce model. Its gross profit per unit surged to $7,049, though questions about scaling the business remain. Future growth depends on achieving economies of scale and forming key partnerships. We expect a 10% sales increase for Q3 compared to Q2.
Tesla’s Used Inventory Pricing: Fast Response to Market Changes!
Tesla's algorithm-driven pricing model frequently adjusts used car prices, often daily, in response to market changes, giving buyers an edge. With an average of seven price changes per listing in August 2024, Tesla outpaces competitors like Carvana and CarMax, ensuring buyers can seize the best deal as prices quickly adapt to real-time demand.
Sony-Honda Afeela Sedan: A Playstation on Wheels
Get ready to meet the Afeela Sedan EV, where Sony's tech prowess meets Honda's automotive expertise to create a futuristic ride that’s part car, part entertainment hub. Discover how this "PlayStation on wheels" is set to redefine the driving experience—pre-orders open in 2025!
World Environment Day Survey: Americans Remain Open to EVs
Survey Highlights Continued Interest in EVs Despite Infrastructure and Cost Concerns
New 2025 BMW Series 3 Moves Fast Towards Hybrid Tech
BMW announces the 2025 BMW 3 Series, boasting sleek design upgrades, advanced hybrid technology, and innovative features for an unmatched driving experience.
Tesla Cuts Used Inventory Prices by 14% in May
Tesla has aggressively cut used car prices by 14% in May, likely using algorithms to adjust pricing based on market demand.
Over Half a Billion in EV Tax Rebates Issued by U.S. Treasury to Dealers in 2024
The Inflation Reduction Act enables buyers to receive a $7,500 tax credit for new electric vehicles as an immediate discount, with about 90% of eligible consumers choosing this advance payment option.
Vehicle Prices Begin Downward Trend in the U.S., Despite Inflationary Pressure
In 2024, the automotive market is experiencing a notable shift towards affordability, with declining new and used vehicle prices, growing inventories, and strategic EV price reductions.
Self-Driving Car Torched by Crowd During Lunar New Year Celebration
On February 10, a Waymo autonomous taxi became the center of a significant incident during the Lunar New Year celebrations in San Francisco’s Chinatown.
End of the Road: Shell Closes Down Hydrogen Stations in California
Shell has announced the closure of nearly all of its hydrogen refueling stations for light-duty vehicles in California. This decision marks a stark pivot from the company's earlier ambitions in the hydrogen sector and underscores the myriad challenges facing the adoption of hydrogen fuel technology.
Viral Cybertruck Video Sparks Warning from U.S. Secretary of Transportation
Viral video showcasing a driver using an Apple Vision Pro VR headset while operating a Tesla Cybertruck, garnering over 20 million views and sparking the reaction of. U.S. Secretary of Transportation, Pete Buttigieg.
Tesla Agrees to $1.5 Million Settlement for Environmental Violations in California
Tesla, Inc. settles with California for hazardous waste disposal violations at its facilities, including a commitment to improve environmental practices and compliance with state laws, emphasizing sustainable operations in the electric vehicle industry.
An Electric Vehicle Was the Top Selling Car in the World
The Tesla Model Y sold over 1.2 million units, making it the best-selling vehicle, of any kind, globally. A remarkable achievement for a fully Electric Vehicle (EV).
Vroom Shuts Down Used Car E-commerce Operations, Lays Off Workforce and Refocuses Business Model
In a dramatic turn of events, Vroom Inc., once a trailblazer in the online used car marketplace, has announced the cessation of its e-commerce operations in the used vehicle sector.
Mazda Recalls 2024 CX-90 for Steering Issue: What You Need to Know
Addressing a crucial safety concern, Mazda recalled more than 40,000 CX-90 vehicles from the 2024 line-up due to a steering system issue that could result in sudden loss of power steering assist, increasing the risk of accidents.
