Acura

Vehicle Movement Jumps to An Almost Three-Year High

Retrieved on: 
Wednesday, April 3, 2024
Cloud, Acura, Cadillac, On the Horizon, Movement, Horizon, Data science, Cryptocurrency

GRAND RAPIDS, Mich., April 3, 2024 /PRNewswire/ -- Cloud Theory, the real-time automotive data insights provider for automotive manufacturers, agencies, and affiliates is reporting in March's On the Horizon that new vehicle inventory increased from February, but it is the sharp 28% month-over-month increase in vehicle movement that headlines this month's results.

Key Points: 
  • After being range-bound between 0.94M and 1.10M for the last year, movement hit its highest level since May 2021, surging to 1.25M in March.
  • While the April forecast is pointing to a dip to 1.20M, that figure will still be higher than recent boundaries.
  • The jump in vehicle movement resulted in a six-point gain in turn rate to 44%—the highest level since October 2023.
  • To see more trends and forecasts on inventory, movement, segment trends, and inventory efficiency, download a copy of the April 2024 On the Horizon report here .

Fonon Corporation Highlights Its Laser Cutting Technology for Highly Reflective Metals During Automotive Manufacturing

Retrieved on: 
Friday, March 8, 2024
Machinery, Hardware, Machine Tools, Metalworking & Metallurgy, Technology, Automotive, Other Manufacturing, Steel, Engineering, Automotive Manufacturing, Other Automotive, Other Technology, Manufacturing, Titan, Carbon, Dust, Temperature, Aluminium, Acura, Mercedes-Benz S-Class, Inorganic polymer, Vibration, Sport, Safety, BMW, BMW i8, Metal, CO2, Carbon-fiber-reinforced polymers, NSX, Laser, Corporation, FX, Printed circuit board

Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its laser cutting technologies for highly reflective aluminum frames in the automotive industry.

Key Points: 
  • Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its laser cutting technologies for highly reflective aluminum frames in the automotive industry.
  • Fonon Corporation's Titan FX Laser Cutting System offers the most advanced, high-performance, reliable and cost-effective way to cut aluminum and other reflective metals during car manufacturing.
  • Plastic, due to its flexibility and lightweight nature, is frequently used in automotive manufacturing, but it is not the primary choice for frames.
  • For more information about Fonon Corporation's laser cutting technology, please visit https://fonon.com .

Upstart Delivers Reservation and Deposit System for New Kia EV9 SUV

Retrieved on: 
Wednesday, February 21, 2024
Technology, Automotive, General Automotive, Electronic Commerce, Software, Internet, Retail, Artificial Intelligence, Online Retail, Subaru of America, EV9, Artificial intelligence, Original equipment manufacturer, Acura, Mitsubishi Group, Mercedes-Benz, Volkswagen, Lexus

Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced that Kia used Upstart Auto Retail Build & Price Reservations as the exclusive reservation and deposit system for the launch of the new Kia EV9 SUV in the United States.

Key Points: 
  • Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced that Kia used Upstart Auto Retail Build & Price Reservations as the exclusive reservation and deposit system for the launch of the new Kia EV9 SUV in the United States.
  • In addition to reserving and placing a deposit on an EV9 directly from a dealer’s website, Upstart Build & Price Reservations allowed customers to choose the trim, colors, and optional packages they wanted included with their vehicle.
  • Kia dealers with the full Upstart Auto Retail solution can provide an end-to-end car-buying experience for the EV9, from online reservation through to vehicle pickup, including financing.
  • Upstart Auto Retail has been a certified provider in the Kia Digital Certified Solutions program since December 2020.

2024 Canadian Car of the Year winners announced by Automobile Journalists Association of Canada

Retrieved on: 
Thursday, February 15, 2024
Toyota, International Auto Show, Genesis G80, Integra, SUV, Toyota Prius, Acura, Sale, Type S, Hyundai Ioniq 5, Accord, Toyota Highlander, Genesis, Utility vehicle, G80, Kia, Hyundai, Automotive industry

TORONTO, Feb. 15, 2024 /CNW/ - The four winners of the 2024 Canadian Car of the Year Awards (CCOTY), presented by the Automobile Journalists Association of Canada (AJAC), were announced today during the opening ceremonies of the Canadian International Auto Show.

Key Points: 
  • TORONTO, Feb. 15, 2024 /CNW/ - The four winners of the 2024 Canadian Car of the Year Awards (CCOTY), presented by the Automobile Journalists Association of Canada (AJAC), were announced today during the opening ceremonies of the Canadian International Auto Show.
  • The Toyota Prius is the 2024 Canadian Car of the Year.
  • The 2024 Canadian Utility Vehicle of the Year is the Toyota Grand Highlander.
  • The Genesis Electrified G80 takes home the award as the 2024 Canadian Electric Car of the Year.

Rita Case Wins Prestigious TIME Dealer of the Year Award

Retrieved on: 
Thursday, February 8, 2024
Professional Services, Philanthropy, General Automotive, Automotive, Small Business, Fund Raising, Other Transport, Foundation, Transport, Automotive Manufacturing, Other Automotive, Other Philanthropy, Manufacturing, HEART, Economics, Partnership, Holiday, Interim, Creativity, Timmerman, American Cancer Society, Woman, Federal Reserve Bank, Broward County Public Schools, Humanity, Nova Southeastern University, Cancer, Housing, Hyundai, Friends, Broward Health, BCPS, Cleveland Clinic, University of California, Davis, Boys & Girls Club, Ally Financial, Student, History, University, Sale, NADA, Organization, Trinity Health (Livonia, Michigan), TIME, Multimedia, American Heart Association, CPR, Community foundation, Acura, Boy, Female, National Automobile Dealers Association, Education, Freedom, Shoe, AHA, Baptist Health, Parent, Car dealership

Rita Case, president and CEO of Rick Case Automotive Group, the nation’s largest female owned and operated automotive dealer group in America, received the 55th Annual TIME Dealer of the Year Award, one of the automotive industry’s most prestigious and highest honors for a dealer.

Key Points: 
  • Rita Case, president and CEO of Rick Case Automotive Group, the nation’s largest female owned and operated automotive dealer group in America, received the 55th Annual TIME Dealer of the Year Award, one of the automotive industry’s most prestigious and highest honors for a dealer.
  • Rita is only the fifth woman to be named TIME Dealer of the Year.
  • TIME Dealer of the Year is the highest honor and most prestigious recognition an auto dealer can receive from the auto industry, and I am humbled and grateful for this award,” Rita said, as she received the award during the 107th Annual NADA Show in Las Vegas.
  • In 2023, the Community Foundation of Broward recognized Rita as a Community Builder and celebrated the establishment of the Rita & Rick Case Family Fund during a special ceremony.

Cox Automotive Presents 2024 Leader in Sustainability Award to Grubbs Family of Dealerships

Retrieved on: 
Monday, February 5, 2024
Biophysical environment, Environment, Commerce, Cox, Recycling, Cox Enterprises, EV, Volvo, Acura, Water, NADA, LEED, Creativity, Polestar, Organization, Car dealership

A sustainability goal for Grubbs Family of Dealerships is to minimize waste through reduction and reuse across all aspects of our company operations.

Key Points: 
  • A sustainability goal for Grubbs Family of Dealerships is to minimize waste through reduction and reuse across all aspects of our company operations.
  • ATLANTA, Feb. 5, 2024 /PRNewswire/ -- Cox Automotive presented its annual Leader in Sustainability Award to Grubbs Family of Dealerships, a fourth-generation dealership group that has been family-owned and operated since 1948 with six locations in Grapevine, Houston and San Antonio, Texas, and one location in Tulsa, Okla. Grubbs dealerships carry a lineup of four brands – Acura, Infiniti, Polestar and Volvo.
  • "I am pleased to present the Cox Automotive Leader in Sustainability Award to Grubbs Family of Dealerships for its extraordinary commitment to the environment and doing business the right way," said Rowley.
  • "We are honored to be recognized by Cox Automotive for our sustainability efforts in our dealerships," said George Grubbs III, CEO, Grubbs Family of Dealerships.

Honda 2024 Motorsports Program Overview

Retrieved on: 
Friday, January 19, 2024
Carbon, MFJ, Partnership, Scuderia AlphaTauri, SF, PU, WSBK, WeatherTech, Superbike World Championship, IMSA SportsCar Championship, Pus, IndyCar Series, Scuderia, CIVIC, FIA, SUPER GT, IMSA, Marketing, Driver, Motorcycle, HRC, SUPER, Acura, JRR, Red Bull, JMX, Constructor, Yuki Tsunoda, Repsol Honda, Grand Prix motorcycle racing, HPD, Red Bull Racing, Honda Racing Corporation, ICES, FIM, World championship, ESS, Red Bull Powertrains, Honda Performance Development, Automotive industry

TOKYO, Jan 19, 2024 - (JCN Newswire) - TOKYO, Jan 19, 2024 - (JCN Newswire) - Honda announced its motorsports participation plans for the 2024 season.

Key Points: 
  • TOKYO, Jan 19, 2024 - (JCN Newswire) - TOKYO, Jan 19, 2024 - (JCN Newswire) - Honda announced its motorsports participation plans for the 2024 season.
  • 2024 will see Luca Marini join the Repsol Honda Team, and Johann Zarco join the CASTROL Honda LCR team.
  • Honda will continue the same partnership with both teams in 2024, its 60th anniversary*6 of F1 activities, aiming for even greater heights.
  • In North America, Honda Performance Development (HPD), which has been responsible for Honda's racing activities in the region, has been renamed to Honda Racing Corporation USA (HRC-US) in January 2024, and will aim to enhance Honda's automobile motorsports development on a global scale.

Porsche 963 of Porsche Penske Motorsport victorious after gripping 24 Hours of Daytona

Retrieved on: 
Monday, January 29, 2024
Proton, Daytona Beach, Florida, Candy, Porsche in motorsport, GTP, Mercedes-AMG, BMW M4, Proton Competition, Alessio Picariello, WeatherTech, Motorsport, Human, Emotion, GTD, IMSA, Moon, Competition, Team Penske, Professional corporation, JDC, Cadillac, Michelin, Acura, Fever, GT3, Ferrari, Mobil, Automotive industry

7 Porsche 963 fielded by the Porsche Penske Motorsport factory team has won the 24 Hours of Daytona.

Key Points: 
  • 7 Porsche 963 fielded by the Porsche Penske Motorsport factory team has won the 24 Hours of Daytona.
  • “The entire Porsche Penske Motorsport works team and everyone at the development center in Weissach [Germany] have worked extremely hard to lay the foundations for this success.
  • Four Porsche 963, two from Porsche Penske Motorsport and two from our strong customer teams, made it through without any major technical problems – that’s quite a feat in itself.
  • Daytona was definitely worth the trip for us.”
    “An amazing day for the entire Porsche Penske Motorsport organization,” said Roger Penske, Founder and Chairman of the Penske Corporation.

Honda Launches 'Drive the Legacy' Initiative to Advance its Long-term Commitment to HBCUs

Retrieved on: 
Thursday, January 25, 2024
Research, Mentorship, Congress, Hunziker, National Urban League, Robotics, Government, American Auto, BRG, Workforce, Morgan State University, HBCU, Community, Native, Culture, NSX, School, HCASC, Legacy, Initiative, Marysville Auto Plant, Student, AAPI, BEEP, Organization, Engineering, HR-V, Education, Immersion, Dream, Hope, Thurgood Marshall College Fund, Tuskegee University, UNCF, Thought, Corporate social responsibility, Clark Atlanta University, Business, Road traffic safety, HBOB, AAP, Environment, Honda Campus All-Star Challenge, Diversity, Multimedia, Partnership, STEAM, Acura, Creativity, Social responsibility, Inclusion, Management

TORRANCE, Calif., Jan. 25, 2024 /PRNewswire/ -- Honda has launched a new, multifaceted initiative called "Drive the Legacy" to advance the company's longstanding commitment to Historically Black Colleges and Universities (HBCUs) and attract top talent to Honda careers.

Key Points: 
  • TORRANCE, Calif., Jan. 25, 2024 /PRNewswire/ -- Honda has launched a new, multifaceted initiative called "Drive the Legacy" to advance the company's longstanding commitment to Historically Black Colleges and Universities (HBCUs) and attract top talent to Honda careers.
  • This unique four-day experience provided TMCF scholars with educational and career development opportunities, as well as an immersion into Honda operations and culture.
  • "While the FASTRAC Program is just one example, it highlights the broader impact of Honda's commitment to HBCUs.
  • To advance its leading investment in HBCUs, Honda is a member of the HBCU Partnership Challenge, a Congressional Bipartisan HBCU Caucus initiative that brings together government, industry and HBCUs to create strategic, more sustainable HBCU partnerships.

Automotive Market Shifts to Favor Buyers as U.S. New-Vehicle Prices Down Record 2.4% Year Over Year in December 2023

Retrieved on: 
Thursday, January 11, 2024
Land Rover, ATP, Kelley Blue Book, Acura, MSRP, Cox Enterprises, EV, SUV, Automotive industry

Luxury vehicle prices in December were lower by nearly 9% year over year; luxury share of the U.S. market reaches above 20% for second straight month.

Key Points: 
  • Luxury vehicle prices in December were lower by nearly 9% year over year; luxury share of the U.S. market reaches above 20% for second straight month.
  • The shift from a seller's market to a buyer's market is well underway."
  • Thanks mostly to significant price cuts from Tesla, average EV prices in December were down 17.7% from January 2023.
  • "Last year's main story was Tesla price cuts that shook up the market and challenged the profitability picture for all automakers.