Finance & Economy:
- Dealership Profits Falling: According to Automotive News, pre-tax profits for the average US dealership declined nearly 20% in the first nine months of 2023. This reflects ongoing supply chain challenges and economic uncertainty.
- EPA Announces Record Fuel Economy: The Environmental Protection Agency released data showing new vehicles in 2022 achieved their highest average fuel economy ever, exceeding government targets. This trend is likely influenced by increasing EV sales.
Company News:
- Stellantis Year in Review: Automotive News reporter Vince Bond Jr. discusses Stellantis’ performance in 2023, including their increased electric vehicle focus and challenges navigating the chip shortage.
- 2025 Lexus UX Gets Power Boost: The upcoming Lexus UX will benefit from a more powerful hybrid system and a new exterior color option.
Recalls:
- 4.5 Million Hondas & Acuras Recalled: Over 4.5 million Honda and Acura vehicles globally, including 2.5 million in the US, are being recalled due to a defective fuel pump. This could potentially lead to engine stalling.
Other:
- 2024 Buick Envision Delay & Super Cruise Removal: The redesigned 2024 Buick Envision is reportedly delayed until late 2024, with the advanced Super Cruise driver-assistance technology being removed from some configurations.
- 2024 Genesis G70 Price Increase: The base price of the 2024 Genesis G70 rises significantly, likely due to the inclusion of a more powerful engine.
