Kia

Over 50% of US Auto Dealerships Select Sunbit as Partner for Service, Parts and Repairs

Retrieved on: 
torsdag, maj 30, 2024
Professional Services, Payments, Automotive, General Automotive, Technology, Finance, Fintech, BNPL, Yoy, Hyundai, Mini, BMW, Mitsubishi Group, Kia, Land Rover, Volkswagen, Mercedes-Benz, Acura, Car dealership

Since launching in the auto services sector, Sunbit has facilitated $1.7 billion in revenue while helping more than 1.8M auto dealership customers get back on the road and stay there.

Key Points: 
  • Since launching in the auto services sector, Sunbit has facilitated $1.7 billion in revenue while helping more than 1.8M auto dealership customers get back on the road and stay there.
  • Over 90% of people who applied for financing through Sunbit technology were approved, and more than 75% decided to move forward with the financing offer.
  • Dealership auto service, parts and repair financing is a tool for supporting customers through this shift.
  • Sunbit technology is integrated with significant tech providers like Xtime, Tekion, Dealer Tire, TruVideo, MyKarma, and UpdatePromise.

Auto Dealership Buy-Sell Volume Sets Record in Q1 2024, Even as Profits Drop

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onsdag, maj 29, 2024
Banking, Other Retail, Professional Services, Specialty, General Automotive, Automotive, Retail, Data Analytics, Automotive Manufacturing, Finance, Other Automotive, Manufacturing, Friends, Partner, Sale, Health, M&A, CDJR, LTM, Growth, Acquisition, Kia, Accounting, Value, Lexus, Multimedia, Record, Car dealership

Q1 2024 sets a new record for the highest number of dealerships bought or sold in any first quarter despite declining profits.

Key Points: 
  • Q1 2024 sets a new record for the highest number of dealerships bought or sold in any first quarter despite declining profits.
  • Publicly traded auto retailers acquired a total of 20 domestic auto dealerships in Q1, 10x more than the same period in 2023.
  • The average dealership owned by public retailers generated $1.0M in pre-tax income in Q1 2024, reflecting a 26% decline from Q1 2023.
  • Q1 2024 was the most active first quarter on record for dealership M&A in auto retail history, with an estimated 151 dealerships bought or sold.

NEXEN TIRE Announces Participation at TIRE COLOGNE 2024

Retrieved on: 
måndag, maj 27, 2024
EV, Eintracht Frankfurt, OE, Growth, Tire, Kia

SEOUL, South Korea, May 27, 2024 (GLOBE NEWSWIRE) -- NEXEN TIRE, a leading global tire manufacturer, today announced that it will participate in the TIRE COLOGNE 2024, which will be held in Cologne, Germany from June 4 to 6.

Key Points: 
  • SEOUL, South Korea, May 27, 2024 (GLOBE NEWSWIRE) -- NEXEN TIRE, a leading global tire manufacturer, today announced that it will participate in the TIRE COLOGNE 2024, which will be held in Cologne, Germany from June 4 to 6.
  • NEXEN TIRE will showcase its product portfolio at the TIRE COLOGNE 2024 introducing a wide range of the most recent tires across five categories: summer, all-season, winter electrical and racing tires.
  • The N’BLUE 4 Season 2 and the N’FERA Sport, two award-winning products, will be on display for all-weather and summer tires, respectively.
  • Members of NEXEN TIRE Europe's executive team will be present at Tire Cologne 2024.

Global and China Automotive Display, Center Console and Cluster Industry Report, 2024: Major Automakers Compete to Create Personalized and Differentiated Vehicle Models - ResearchAndMarkets.com

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måndag, maj 27, 2024
Vehicle Technology, Consumer Electronics, Automotive, General Automotive, Technology, Audio, Video, Hardware, Pedestrian, ISC, HUD, Intelligence, Privacy, System, Mercedes-Benz E-Class, TI, LED, Public, Light, Safety, TCL, CES, Magneti Marelli, IM L7, DLP, Atmosphere, MicroLED, Kia, Communication, NIO, AT5, Visteon, OLED, Tier 1, LGD, LCD, Lighting, OTA, Television

The "Automotive Display, Center Console and Cluster Industry Report, 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Automotive Display, Center Console and Cluster Industry Report, 2024" report has been added to ResearchAndMarkets.com's offering.
  • Automotive display has become a hotspot as major automakers compete to create personalized and differentiated vehicle models.
  • To improve users' driving experience and meet their needs for human-computer interaction, vehicle display technology keeps updating and iterating.
  • Vehicle displays are no longer restricted to conventional positions and shapes such as center console and cluster.

Fears over future of the car industry as sales fall and spare parts become scarce

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tisdag, maj 28, 2024
Transport, Pressure, Mechanics, News, International Energy Agency, Seat, Health, Foot, Engineering, Growth, Kia, VW, Skoda, Treasury, Spare, Environment, Jaguar Land Rover, Sith, Rail transport

In many countries, including the UK, outside of the few metropolitan areas with decent public transport, people depend on them.

Key Points: 
  • In many countries, including the UK, outside of the few metropolitan areas with decent public transport, people depend on them.
  • Yet at the same time, car manufacturers are shifting their production to electric vehicles, and have reduced making replacement parts for the petrol and diesel vehicles.
  • And a low supply of spare parts means the prices for those parts will also increase.
  • A lack of spare parts stock will probably damage their reputation along the supply chain, from mechanics and garages to car dealerships and potential customers.
  • This will put additional pressure on demand for used cars, and the spare parts those used cars need.

The wrong direction

Electrify Expo Returns to Long Beach with Record Lineup of EV Manufacturers, Adding New Names to the Festival Including Rivian, Hyundai, Fisker, Kawasaki and More  

Retrieved on: 
torsdag, maj 23, 2024
EV, Volvo, Fisker Ocean, Athlete, Mustang, Hyundai, Fisker, Pebble, EVS, RV, Ford, Kia, Fireworks

Alongside returning brands from Tesla, Volvo, Kia, Toyota, Ford and more, the festival continues to grow its reach adding Hyundai, Fisker and Rivian to the lineup.

Key Points: 
  • Alongside returning brands from Tesla, Volvo, Kia, Toyota, Ford and more, the festival continues to grow its reach adding Hyundai, Fisker and Rivian to the lineup.
  • Do not miss this record setting event.”
    The public festival on Saturday and Sunday will follow the top networking event in the EV industry - Electrify Expo Industry Day - on Friday, May 31.
  • Electrify Expo and Volvo are teaming up for a charitable mission, which will be announced at Industry Day on May 31.
  • Get behind the wheel of an EV for a high performance experience or a comfortable street cruise demo.

KIA AMERICA ANNOUNCES PRICING FOR 2025 SORENTO HYBRID

Retrieved on: 
måndag, maj 13, 2024
GDI, Chinese, Tax, Android Lollipop, Signature, Gasoline, Privacy, EPA, Google Play, MSRP, CarPlay, Photography, Android, SUV, Kia, HEV, Apple, Smartphone, Star chart, I-4, TFT, FWD, Torque, Kia Connect, Android Auto, Apple Inc., PHEV, Multimedia, NBA, OTA, Mobile phone

With an EPA-estimated 36 MPG combined7 (FWD models), the Sorento Hybrid is in it for the long haul.

Key Points: 
  • With an EPA-estimated 36 MPG combined7 (FWD models), the Sorento Hybrid is in it for the long haul.
  • For adventures outside of city limits, all-wheel drive8 is available on the Sorento Hybrid EX trim and standard on the SX-P.
  • Headquartered in Irvine, California, Kia America continues to top automotive quality surveys.
  • 6 Kia Digital Key requires an eligible Kia Connect subscription and a compatible smart device with an active data plan.

Uber Announces Results for First Quarter 2024

Retrieved on: 
onsdag, maj 8, 2024
Retail, Technology, Transportation, Apps, Applications, Other Automotive, Travel, Online Retail, Other Transport, General Automotive, Transport, Delivery Services, Automotive, Software, Logistics, Supply Chain Management, Internet, Mobile, Wireless, Research, Partnership, Contra, Parent, Nuna, Accounting, GAAP, Disclosure, Corporation, Transportation management system, Super Bowl, City, Yoy, Information technology, Restaurant, NOS, EV, Culture, Uber Eats, Uber, Safety, Biophysical environment, Carbon, Mitsubishi Electric, Bowl game, Electric vehicle, Marketing, Coop, Cooperative, G&A, Quarter, The Walt Disney Company, Media Markt, Meal, Game day, Regulation Fair Disclosure, Kia, ESG, Caregiver, Regulation, Ocean, Weis Markets, Ridesharing

The YoY increase was primarily attributable to an increase in Mobility Gross Bookings due to an increase in Trip volumes.

Key Points: 
  • The YoY increase was primarily attributable to an increase in Mobility Gross Bookings due to an increase in Trip volumes.
  • Business model changes negatively impacted Mobility Revenue Margin by 180 bps in Q1 2024.
  • Taxis: Brought the majority of Hong Kong taxi supply onto Uber by integrating HKTaxi onto the Uber app, and began scaling Los Angeles Yellow Cab trips.
  • A live audio webcast of our first quarter ended March 31, 2024 earnings release call will be available at https://investor.uber.com/ , along with the earnings press release and slide presentation.

Urban Science EV sales microstudy unveils U.S. electrification trends and state-level BEV market share leaders

Retrieved on: 
tisdag, maj 7, 2024
Volvo, BEV, PHEV, ICE, Jeep, EV, Urban Science, Kia, Hyundai, HEV, BMW, Ford, YOY, Lexus, Golden, Bev, Automotive industry

BEV sales rose 2.8% YOY through April 30, 2024, growing slightly above the overall retail industry sales growth rate.

Key Points: 
  • BEV sales rose 2.8% YOY through April 30, 2024, growing slightly above the overall retail industry sales growth rate.
  • Despite the slight uptick in industrywide BEV sales, Tesla unit sales decreased 13% YOY through April 30, 2024, while non-Tesla BEV sales increased 33%.
  • The top five states in BEV retail sales volume through April 30, 2024, were:
    a. California maintained its leadership in the U.S. BEV market segment through April 30, 2024, with 105,120 sales and 22% market share, a 0.7-percentage-point YOY decrease.
  • a. Washington was the fifth-ranked state regarding BEV retail sales volume in the U.S. through April 30, 2024, with 12,295 sales and 16.5% market share, an increase compared to 2023 (14.9%).

KIA EV9 SECURES DUAL HONORS AT NORTHWEST AUTOMOTIVE PRESS ASSOCIATION MUDFEST EVENT

Retrieved on: 
tisdag, maj 7, 2024
Gasoline, Pacific Northwest, Acceleration, Pinnacle, EVP, SUV, Photography, NBA, NWAPA, EV, Kia, HEV, Multimedia, The Ridge Motorsports Park, EV9, PHEV, Car rental

IRVINE, Calif., May 7, 2024 /PRNewswire/ -- The Kia EV9 charges ahead at the 2024 Northwest Automotive Press Association (NWAPA) Mudfest event, taking home "Outdoor Utility Vehicle" and "Three-Row Family SUV" awards.

Key Points: 
  • IRVINE, Calif., May 7, 2024 /PRNewswire/ -- The Kia EV9 charges ahead at the 2024 Northwest Automotive Press Association (NWAPA) Mudfest event, taking home "Outdoor Utility Vehicle" and "Three-Row Family SUV" awards.
  • Celebrating NWAPA's 30th Mudfest competition, automotive journalists from the Pacific Northwest gathered for a two-day evaluation of 20 SUVs, crossovers and pickups at The Ridge Motorsports Park in Shelton, Washington.
  • "The EV9 is an exhilarating and capable electric vehicle, pushing boundaries with its remarkable performance and drivability," said Steven Center, COO & EVP, Kia America.
  • "The Kia EV9 stands as a pinnacle in the realm of electric utility vehicles," said Nik Miles, president of NWAPA.