Navigating the Used Vehicle Market: ACV’s Response to Affordability Challenges
As of September 30, the automotive sector has experienced notable shifts, with ACV reporting a modest increase in used vehicle retail units both sequentially and year-over-year. However, these figures remain significantly lower than historical highs, primarily due to persistent affordability…
Securing Connected Vehicle Supply Chains: The New BIS Proposal
In a bid to enhance national security, the U.S. Bureau of Industry and Security (BIS) has outlined a new regulatory framework focusing on the connected vehicle supply chain. This initiative, part of a broader strategy to safeguard the information and…
US Moves to Ban Chinese Tech in Smart Vehicles
The Biden administration’s recent move to regulate Chinese technology in smart vehicles marks a significant shift in the U.S. approach to national security and data privacy concerns amid escalating geopolitical tensions. The U.S. Commerce Department is poised to announce a…
CarGurus Faces Challenges as Wholesale Marketplace Revenue Plummets
CarGurus Inc., the digital auto platform renowned for its extensive offerings in shopping, buying, and selling both new and used vehicles, is currently grappling with significant revenue losses. In its second-quarter report for the year ending June 30, the company…
Understanding the Impact of EU's Probe into Chinese Electric Vehicle Subsidies
In recent months, discussions surrounding the electric vehicle (EV) market have intensified, particularly focusing on the European Union’s examination of possible subsidy advantages that Chinese manufacturers may enjoy. The implications of this scrutiny may significantly affect both the global automotive…