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Us Auto Market

All articles tagged with #us auto market

automotive3 days ago•5 min saved

Kia EV3 Launches as a Sub-$35k Crossover to Revive U.S. EV Demand

The 2027 Kia EV3 arrives as a compact electric crossover priced from $29,890, aiming to address the lack of affordable EV options in the U.S. market. With up to 321 miles of range and a design that mimics larger SUVs, it targets buyers priced out of the current average new vehicle transaction. While the base model offers limited range, higher trims provide robust features and all-wheel drive, positioning the EV3 as a key entry point for Kia’s electric lineup amidst a market recovering from the loss of federal tax credits.

via Motor1.com|

#2027-model-year #affordable-evs #automotive

business8 days ago

Rivian Beats Q3 Delivery Targets as R2 Launch Drives 46% Growth

Rivian reported third-quarter vehicle deliveries of 19,248 units, exceeding Wall Street estimates and marking a 46% year-over-year increase. The company reaffirmed its 2026 delivery guidance of 65,000 to 70,000 vehicles, citing strong momentum from the new R2 SUV. While the broader US electric vehicle market faces headwinds, Rivian’s production ramp at its Normal, Illinois facility has accelerated, with Q3 production reaching 19,751 units. Analysts note that achieving full-year targets requires a significant fourth-quarter surge, though the introduction of the R2 Performance trim supports this trajectory despite delays in advanced driver-assistance features.

via CNBC|

#business #electric-vehicles #q3-earnings

business16 days ago•2 min saved

Hyundai poised to surpass Ford in Q3 sales as Detroit automakers lag in hybrid segment

Cox Automotive forecasts that Hyundai will outsell Ford in the U.S. for the first time in the third quarter, with Hyundai sales rising 6.5% to 511,421 units and Ford falling 7.1% to 504,172 units. This shift is attributed to Detroit automakers' limited hybrid offerings amid high gas prices, while Toyota narrows its gap with GM. Ford disputed the forecast, citing Korean manufacturing advantages, but acknowledged a product lull.

via CNBC|

#business #cox-automotive #ford

business1 month ago•6 min saved

Hyundai bets big on the U.S. with a $26B expansion and Georgia mega plant

Hyundai is rapidly expanding in the U.S., widening market share to about 11.8% in the first half of this year and posting sales growth faster than peers since 2020. It plans a $26 billion investment through 2028, including expanding its Georgia Metaplant to 700,000–800,000 annual units and aiming to produce roughly 80% of its U.S.-sold cars domestically by 2030, supported by more electrified models and new launches across Hyundai and Genesis. Tariffs are cited as accelerating localization, with CEO José Muñoz saying the U.S. is the priority as the company pushes for continued growth and flagship Genesis moves like the GV90.

via CNBC|

#bold-2030-vision #business #genesis

business1 year ago•2 min saved

Japanese Automakers Face Rising Costs Amid Tariffs

Japanese automakers like Toyota, Honda, and Nissan are feeling the impact of U.S. tariffs, which have led to significant profit declines in North America and prompted some companies to pass costs onto consumers, despite denials. The tariffs have also affected Japan's export figures and prompted increased U.S. manufacturing investments by Japanese automakers.

via TheStreet|

#auto-prices #business #japanese-automakers

business1 year ago•7 min saved

Upcoming End of US EV Tax Breaks and Market Impact

The US auto market is expected to undergo significant changes following the end of EV tax credits on September 30, 2025, leading to a potential rush to buy before incentives expire, shifts in automaker strategies, and increased competition from global manufacturers, with Tesla likely to adapt through price adjustments and new model releases. The industry may pivot towards hybrids and less expensive EVs, while Chinese imports and other market dynamics could further influence the landscape.

via CleanTechnica|

#auto-industry-shifts #business #electric-vehicles

business1 year ago•3 min saved

Toyota to Increase US Auto Prices Over $200 Amid Tariff Impact

Toyota is raising prices on certain models by an average of $270 for Toyota and $208 for Lexus, citing regular price review processes rather than tariffs, despite recent US tariffs on auto imports. Other automakers like Mazda and Ford also increased prices, but attribute these to normal adjustments rather than tariffs, even as tariffs are impacting costs.

via TheStreet|

#auto-industry #auto-tariffs #business

automotive-industry2 years ago•5 min saved

China's $230 Billion Bet on Dominating the EV Market

The U.S. and other Western countries are raising tariffs on Chinese electric vehicles (EVs) to protect their auto industries from the competitive threat posed by these high-quality, low-cost cars. A recent test of three Chinese EVs by automotive experts revealed that these vehicles offer impressive technology, build quality, and value, potentially outpacing Western counterparts. However, for Chinese automakers to succeed in the U.S. market, they must adapt to American consumer preferences.

via InsideEVs |

#automotive-industry #chinese-evs #electric-vehicles