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Two Detroit automakers on Friday reported an increase in U.S. auto sales for May as demand for sport-utility vehicles and pickup trucks continues to buoy sales despite rising gas prices. May is often the biggest sales month of the year for auto sales, with Memorial Day sales driving car shoppers to dealerships to kick off the summer selling season. SUVs and pickup trucks accounted for about 67% of sales in May, according to J.D. Power, the highest level ever for May. The richer mix of SUVs and pickup trucks, which carry higher prices than passenger cars, drove the average transactio...
A new report says that electric car sales are expected to massively increase in the next years, reaching 55 percent of global new car sales by 2040, replacing 7 percent of gas and diesel consumption. Sales of electric cars have just managed to top 1.1 million per year, but the report from Bloomberg New Energy Finance suggests that they are set to grow to 11 million in 2025 and topping 60 million vehicles, which will be about 55 percent of the new car market, by 2014. The prediction is that electric vehicles will replace 33 percent of the total global car fleet by then. Helping to le...
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. ...
Aston Martin will have luxury electric competition in the form of Pininfarina, which hopes to become a standalone luxury electric car maker. Pininfarina wants to expand its capability from a globally known design house to become the world’s first luxury electric car manufacturer. The announcement was made at the 2018 Geneva Motor Show when CEO, Paulo Pininfarina, hinted that luxury electric vehicle strategy was now in the pipeline with parent company Mahindra. He said that his father’s dream was to build a car company as well as his grandfather’s, and now he plans ...
A report made by New York Times found that dozens of people have been poisoned by carbon monoxide since 2006 after failing to turn off the ignition on their keyless cars. More exactly, 28 of them died and 45 others suffered injuries. More than half of the vehicles sold annually in the US now have keyless ignitions. The keyless ignition system consists of a device that is carried by the driver, allowing him to start the car with a press of a button linked to the fob. If the key fob is not detected the car will not start. However, if the car has been started it will continue to run ev...
