Sport utility vehicle

Driverge® Vehicle Innovations Acquires U.S. Upfitters-INLAD. Acquisition Strengthens Product Offerings and Adds Four Locations to Its National Footprint

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Thursday, December 1, 2022
Collection, Sport utility vehicle, QVM, SUV, Acquisition, Ford Motor Company, Government, Mercedes-Benz, Culture, Taxicab, Finance

It will also broaden Driverge's product line to include commercial truck, SUV, sedan and fleet vehicle conversions.

Key Points: 
  • It will also broaden Driverge's product line to include commercial truck, SUV, sedan and fleet vehicle conversions.
  • "We are excited to welcome U.S. Upfitters' customers and team to Driverge Vehicle Innovations," said Driverge President Mark Minatel.
  • We believe the acquisition of such an outstanding business will offer our customers inventive products and more options from market-leading vendors."
  • Driverge Vehicle Innovations and MobilityWorks together make up WMK, LLC which was established in 1997.

Used Vehicle Finance Market Begins to Level Out, as Used Vehicle Loans See Smaller Year-Over-Year Increases in Q3 2022

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Thursday, December 1, 2022
Professional Services, Automotive, General Automotive, Data Analytics, Finance, Banking, Growth, Blog, London Stock Exchange, Organization, FTSE, London, Pickup, Child, Sport utility vehicle, EXPN, News, Credit, Crime, Renewable energy, Real estate, Insurance, Lease, Experian

According to Experians State of the Automotive Finance Market Report: Q3 2022 , the average used vehicle loan amount increased 8.59% year-over-year, reaching $28,506.

Key Points: 
  • According to Experians State of the Automotive Finance Market Report: Q3 2022 , the average used vehicle loan amount increased 8.59% year-over-year, reaching $28,506.
  • The average loan amount for a new vehicle also saw an increase, growing from $37,753 in Q3 2021 to $41,665 in Q3 2022.
  • The average vehicle loan term also increased, from 69.51 months for new vehicles in Q3 2021, to 69.73 months in Q3 2022.
  • Additional findings for Q3 2022:
    Outstanding automotive loan balances increase from $1.2 trillion in Q3 2021 to $1.3 trillion in Q3 2022.

KIA WINS 2023 VINCENTRIC BEST CPO VALUE IN AMERICA AWARD FOR PASSENGER CARS

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Thursday, December 1, 2022
PHEV, Rio, NBA, Gasoline, Multimedia, HEV, EV, Kia Niro, Certified Pre-Owned, CPO, Kia, Passenger car, Sport utility vehicle, Kia Soul, Photography, K5, EVP, Iron ore, Car rental, Kia Sportage

IRVINE, Calif., Dec. 1, 2022 /PRNewswire/ -- Kia has been named the winner of the 2023 Vincentric Best Certified Pre-Owned (CPO) Value in America award in the Passenger Car category. Kia propelled to the top spot after four models were recognized as having the best CPO Value America in their respective segments, including the Rio for the third consecutive year and the Soul for the second year in a row.

Key Points: 
  • IRVINE, Calif., Dec. 1, 2022 /PRNewswire/ -- Kia has been named the winner of the 2023 Vincentric Best Certified Pre-Owned (CPO) Value in America award in the Passenger Car category.
  • Kia propelled to the top spot after four models were recognized as having the best CPO Value America in their respective segments, including the Rio for the third consecutive year and the Soul for the second year in a row.
  • Kia Rio Best CPO Value in America: Subcompact segment
    Kia Rio Five-Door Best CPO Value in America: Subcompact Hatchback segment
    Kia Soul Best CPO Value in America: Compact Hatchback segment
    Kia Sorento Hybrid Best CPO Value in America: Hybrid SUV segment
    In addition to the string of awards, Vincentric has also identified two Kia models as having the lowest total cost of ownership:
    Kia Niro Lowest CPO Cost to Own in America: Hybrid SUV segment
    Kia Niro Plug-In Hybrid Lowest CPO Cost to Own in America: EV/PHEV SUV segment
    "Kia's success in this important segment of our industry has continued to grow, and we're now poised to continue thanks to these awards from Vincentric," said Steven Center, COO & EVP, Kia America.
  • The Vincentric Best CPO Value in America Awards use a statistical analysis that incorporates the total cost of ownership and current market price of all CPO vehicles for applicable model years to identify the model with the best CPO value per segment.

Li Auto Inc. November 2022 Delivery Update

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Thursday, December 1, 2022
Erev Shel Shoshanim, SUV, Shanghai Stock Exchange STAR Market, Li Auto, Mobile home, Bev Perdue, Sport utility vehicle, HKEX, City, Annual report, Stock exchange, LI, Safety

BEIJING, China, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Li Auto Inc. (Li Auto or the Company) (Nasdaq: LI; HKEX: 2015), a leader in Chinas new energy vehicle market, today announced that the Company delivered 15,034 vehicles in November 2022, achieving record-high monthly deliveries and representing a 11.5% year-over-year increase.

Key Points: 
  • BEIJING, China, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Li Auto Inc. (Li Auto or the Company) (Nasdaq: LI; HKEX: 2015), a leader in Chinas new energy vehicle market, today announced that the Company delivered 15,034 vehicles in November 2022, achieving record-high monthly deliveries and representing a 11.5% year-over-year increase.
  • Thanks to its ultra-high-strength body structure, Li L9 demonstrated class-leading performance with the ability to withstand a peak force of 116,475 Newtons in the roof strength test, commented Yanan Shen, co-founder and president of Li Auto.
  • Additionally, we believe that users satisfaction for Li L8 has exceeded their expectations since it commenced delivery in early November.
  • Its model lineup includes Li L9, a six-seat flagship family SUV, Li L8 and Li ONE, both of which are six-seat premium family SUVs, and Li L7, a five-seat flagship family SUV.

2022 KIA EV6 AND 2023 TELLURIDE WIN HISPANIC MOTOR PRESS AWARDS

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Wednesday, November 30, 2022
PHEV, Best, Kia Telluride, NBA, Gasoline, Multimedia, HEV, SUV, EV, Kia, Sport utility vehicle, LA Auto Show, EVP, EV6, Hispanic, Photography, K5, Safety, Car rental, Kia Sportage, Telluride

IRVINE, Calif., Nov. 30, 2022 /PRNewswire/ -- The 2022 Kia EV6 and 2023 Kia Telluride have both been recognized by the Hispanic Motor Press as the best vehicles of the year for Hispanic consumers. At the 2022 Los Angeles Auto Show, the Hispanic Motor Press named the EV6 as the Best EV of the Year, and crowned the Telluride as the SUV of the Year. The association's jury panel of over 20 Hispanic automotive journalists, content creators, and industry influencers selected winners based off several key factors important to Hispanic consumers.

Key Points: 
  • EV6 Named EV of the Year; Telluride Crowned SUV of the Year
    IRVINE, Calif., Nov. 30, 2022 /PRNewswire/ -- The 2022 Kia EV6 and 2023 Kia Telluride have both been recognized by the Hispanic Motor Press as the best vehicles of the year for Hispanic consumers.
  • At the 2022 Los Angeles Auto Show, the Hispanic Motor Press named the EV6 as the Best EV of the Year, and crowned the Telluride as the SUV of the Year.
  • The association's jury panel of over 20 Hispanic automotive journalists, content creators, and industry influencers selected winners based off several key factors important to Hispanic consumers.
  • "Despite competing in a segment that's exploding with several new EV options, the Kia EV6 manages to stand out thanks to its bold design, upscale interior, all-electric range, and tremendous value," said Ricardo Rodriguez-Long, president, Hispanic Motor Press.

EQS-News: Novem Group S.A.: HY 2022/23 figures show strong revenue growth in a demanding environment

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Wednesday, November 30, 2022
FY, Growth, Report, FX, Opel, FAW, SUV, EBIT, BMW X5, Sport utility vehicle, Cropping system, Renminbi, Carbon, Novem, X5, BMW, Original equipment manufacturer, United States dollar, Trade-weighted US dollar index, Renewable energy, Video game, Cryptocurrency, Series

HY 2022/23 revenue of 359.3 million, +21.7% above HY 2021/22

Key Points: 
  • HY 2022/23 revenue of 359.3 million, +21.7% above HY 2021/22
    Luxembourg, 30 November 2022 Novem Group S.A. today published its half-year figures for the financial year 2022/23.
  • In a demanding market environment, Novem generated a total revenue of 359.3 million in the first six months, up 21.7% compared to last year.
  • Thereby, revenue Series contributed 88.2% to total revenue with a growth spurt of 24.3% year-on-year to 156.5 million.
  • On a segmental basis, revenue in Q2 2022/23 increased across all regions (in total by +38.2 million year-on-year).

Bowmore(R) and Aston Martin; Masters Reunite

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Tuesday, November 29, 2022
Aston, Maker, Taste, Art, Suntory, CA Technologies, Aston Martin DBS Superleggera, The Best of the Capitol Masters: Selections from "The Legend and the Legacy" Box Set, Bowmore distillery, Creativity, SUV, Lagonda, Wood, Sport utility vehicle, Vantage, Fire, Beam Suntory, Water, Character, Social responsibility, Master, DBX, Roku, Distillation, Beer, Telescopic sight, Liquor, Scotch

In celebration of this extraordinary meeting of minds, Bowmore unveils the second iteration of its inspired Masters' Selection series, Bowmore Aston Martin Masters' Selection 22 Year Old, a single malt capturing a harmonizing force in both its presence and its character.

Key Points: 
  • In celebration of this extraordinary meeting of minds, Bowmore unveils the second iteration of its inspired Masters' Selection series, Bowmore Aston Martin Masters' Selection 22 Year Old, a single malt capturing a harmonizing force in both its presence and its character.
  • This whisky captures synchronized creativity as it brings two distinct parts together, in this case, American Oak hogsheads with Sherry butts.
  • Aston Martin Lagonda is a luxury automotive group focused on the creation of exclusive cars and SUVs.
  • Based in Gaydon, England, Aston Martin Lagonda designs, creates and exports cars which are sold in 51 countries around the world.Lagonda was founded in 1899 and Aston Martin in 1913.

US Car Wash Market Report 2022: Secular Shift Toward Do-It-For-Me Offerings Drives Growth - ResearchAndMarkets.com

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Tuesday, November 29, 2022
Specialty, Retail, COVID-19, Nature, RFID, Life, Projection, SUV, Maintenance, Hatchback, Sport utility vehicle, Self-service, Automation, Motor vehicle, Conveyor system, Size, Cassette tape, Taxicab

The US car wash market in 2021 was valued at US$14.59 billion.

Key Points: 
  • The US car wash market in 2021 was valued at US$14.59 billion.
  • A car wash is a facility used to clean the exterior and, in some cases, the interior of motor vehicles.
  • Car washes can be self-serve, fully automated, or full-service with attendants who wash the vehicle.
  • Caring for and maintaining the car is the most important factor in ensuring that it enjoys a long and healthy life.

New EV entries nibbling away at Tesla EV share, according to S&P Global Mobility

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Tuesday, November 29, 2022
Odyssey, Civic, Bolt, MSRP, Lucid, Lexus RX, Editor's Note, Kia, Mach, Volkswagen, BMW, Tesla Model 3, Environment, Subaru Forester, Wrangler, Organization, Ford Mustang, ICE, Jeep, Big Three (automobile manufacturers), Toyota Prius, Nissan Leaf, Brinley, GMC Hummer EV, Sport utility vehicle, Honda Civic, EV6, Ford Motor Company, Chevrolet, RAV4, Mazda, S&P Global Ratings, Y, Growth, CR-V, Ford F-Series, Chevrolet Bolt, S, Tesla Model Y, GMC Sierra, S&P Global, Leaf, NYSE, GM, SPGI, Kia EV6, VW, Lexus, EVS, Roadster, Logic, EUV, SUV, CX-5, Mercedes-Benz, GMC, Model Y, Ford Mustang Mach-E, Mustang, F series, Silverado, Investment, Car dealership, Fireworks, Taxicab, Renewable energy, Lithium, Motor vehicle, Toy, EV, Toyota Camry, Audi, Polestar, Accord, Hyundai

SOUTHFIELD, Mich., Nov. 29, 2022 /PRNewswire/ -- Although U.S. electric vehicle registrations remain dominated by Tesla, the brand is showing the expected signs of shedding market share as more entrants arrive. Much of Tesla's share loss is to EVs available in a more accessible MSRP range – below $50,000, where Tesla does not yet truly compete.

Key Points: 
  • "The EV market in 2022 is a Tesla market, and it will continue to be, so long as its competitors are bound by production capacity."
  • Tesla has opened two new assembly plants in 2022 and is looking for the site of its next North American plant.
  • However, Mach-E registrations of about 27,800 units are about 8% of the volume Tesla has captured, according to S&P Global Mobility data.
  • Editor's Note: This report is from S&P Global Mobility, and not S&P Global Ratings, which is a separately managed division of S&P Global.

The Worldwide Automotive Ventilated Seat Industry is Expected to Reach $8.1 Billion by 2027 - ResearchAndMarkets.com

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Tuesday, November 29, 2022
Aftermarket, Automotive, Table, Sport utility vehicle, TDI, Competitive analysis, OEM, Car rental, Motor vehicle

The future of the global automotive ventilated seat market looks promising with opportunities in the mid-size car, large car, SUVs and crossover segments.

Key Points: 
  • The future of the global automotive ventilated seat market looks promising with opportunities in the mid-size car, large car, SUVs and crossover segments.
  • The global automotive ventilated seat market is expected to reach an estimated $8.1 billion by 2027 with a CAGR of 3.9% from 2021 to 2027.
  • To learn the scope, benefits, companies researched, and other details of the global automotive ventilated seat market report, then you should read this report.
  • The study includes trends and forecast for the global automotive ventilated seat market by vehicle type, end user, and region as follows: