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If you think the cost of goods is expensive now, come January, price tags could appear with some extra weight if the incoming Trump administration follows through with its threat of widespread tariffs.
Not only would items from across the sea be affected but also anything made in Canada and Mexico. Autos, in particular, could see MSRP increases by the thousands.
How much more will be added? Likely, a $3,000 average markup. Maybe that doesn’t seem too high a price for a “Made in North America” label, but the latest numbers from Kelley Blue Book list the average new-vehicle price currently at $48,623. The higher prices could also lead to a drop in U.S. demand, as much as one million units. That means fewer people are needed to work the assembly lines.
via The Drive
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More good news from EV mecca Norway, with November numbers showing more than 10,000 EVs were newly registered, bringing its tally to a truly impressive 93.6% of all new car registrations, showing that its EV transition is almost complete.
November saw 10,940 new EV registrations, with EVs pretty much on par with October’s numbers (10,862), but significantly higher than November last year, which saw 8,442 new EVs registered in the country, according to a press release from the Norwegian Road Federation.
Of the 11,689 new cars (across all drive types) registered last month, 749 new registrations were non-BEVs, including 154 plug-in hybrids, holding a market share of 1.3%. So looking at it this way, nearly 95% of all new cars had a charging connection.
via Electrek
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Eighty-seven percent of shoppers who drove home a new electric vehicle (EV) in the U.S. so far in 2024 took advantage of a federal tax credit of up to $7,500, according to a new study.
J.D. Power researchers found that 64% of those who bought or leased a luxury EV “say that tax credits and other incentives were a primary driver of their decision.”
“On average, consumers purchasing or leasing a new EV in 2024 saved $5,124 thanks to federal EV tax incentives,” the researchers write. “That’s up from $4,302 in 2023 and $1,629 in 2022.”
via Kelley Blue Book
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December 2 to 6, 2024, is Older Driver Safety Awareness Week (ODSAW), a time to empower older adults to improve their safety on the nation’s roadways. Even though they are safe drivers overall, older drivers are more vulnerable to severe injury or even death when involved in a vehicle crash.
Fatal traffic crashes involving older drivers 65+ years old increased by 4.7 percent from 7,515 in 2021 to 7,870 in 2022, according to data from the National Highway Traffic Safety Administration (NHTSA).
A variety of programs are offered to help drivers stay safe, confident, independent, and connected in their communities. Doing so can reduce the negative human, financial, and social costs and make driving safer for all.
via AARP
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FMW Brand Acceleration is ready to power your Account-Based Marketing strategy throughout a long and complex sales cycle. Our highly-targeted and personalized messaging engages those fleet accounts most likely to generate significant revenue.
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FMW Brand Acceleration: Make Stronger Connections Through Targeted Messaging
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By Brad Parker, Co-Founder and CEO, DealNow.com
By embracing insights-driven digital solutions, vehicle fleets can access a wider pool of inventory, make data-informed decisions, and provide a more transparent and efficient experience for both buyers and sellers.
New tech platforms are reimagining exciting possibilities for fleets to tap into and connect directly with consumers looking to buy or sell their vehicles. This approach bypasses the go-betweens typically involved in wholesale auctions and provides several advantages.
By adopting new technology platforms that facilitate direct-from-consumer acquisitions, fleets can expand their inventory sources, improve efficiency, and enhance security in transactions.
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The Fleet Technology Index
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By Fleet Management Weekly Staff
Escalent, a top research, data analytics, and advisory firm, works with vehicle manufacturers and service providers to help them develop products and services that better serve fleet businesses and decision-makers.
They also release an annual Fleet Technology Index (FTI) report, a study of fleet decision-makers that gauges emerging technologies among commercial vehicle and fleet businesses.
We spoke with Dania Rich-Spencer, Vice President of Escalent’s Automotive and Mobility Team, to learn more about this year’s report.
“The report certainly indicates that the future is bright for these advanced and emerging technologies. Fleets are very resilient. They’re committed to sustainability and success in the future.”
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