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Volvo set out new ambitious targets for itself, saying it expects a third of all cars sold to be self-driving vehicles and half of all cars it offers to be available through its Care by Volvo subscription service, creating direct links to 5 million customers, all by the middle of the next decade. These business goals add to previously stated target that half of Volvo’s car sales will be pure electric vehicles by 2025. Volvo thinks that these initiatives will help it transform its connection to consumers and help it develop new connected services for consumers and generate prem...
Most auto industry execs think that half of today’s car owners will lose interest in owning a car by 2025. Of the nearly 1,000 execs surveyed via KPMG for Business Insider Intelligence, 60 percent agree, while 22 disagree, and 8 percent strongly disagree. That’s not very representative because it targets people who already see the value of a car and ignores millennials who may never own a vehicle. While there is some mixed opinion about millennial attitudes toward car ownership. That generation is buying fewer cars than previous generations at their age. ...
The average U.S. light-vehicle dealership managed their fixed operations department very well, considering their final repair and costs figures. In 2017, total repair orders written by that average dealership were flat, and so was the total parts inventory it carried — after both had risen at a double-digit clip the year before.That dealership also added more technicians — with the total rising to 19 per store from 16 in 2016 and 15 in 2015 — which helped to boost total parts and service sales, despite the repair-order slowdown. In addition, the total parts and service revenu...
Last fiscal year the sales of Nissan surged 10%, driven by growing customer demand for the zero-emission Nissan LEAF, the world’s best-selling EV. Across all the major markets: Japan, Europe and the U.S., this electric car posted robust sales growth in the fiscal year that has ended on March 31.Demand is expected to keep rising as customers embrace the new, second-generation Nissan LEAF, which offers increased range and new, advanced technologies. Sales of the redesigned model, introduced in October 2017, are gaining traction in Japan and the U.S. The all-new LEAF is set to go on sa...
Ford is making two safety recalls to fix some mechanical issues that affect the control of the transmission on several 2017 and 2018 models. The manufacturer is aware of one reported injury-causing accident related to the first and largest recall. This safety recall will affect almost 350,00 pickups and SUVs made in 2018. They want to fix a potentially unseated gear shift cable locking clip which can set the transmission in a different gear state than the one that the driver selects. That means the vehicle could move even when in parking mode, with no warning message on the da...
