Kia

Mullen Enters Into Agreement With Newgate Motor Group, One of Ireland's Most Recognized Auto Groups, to Distribute Mullen I-GO™ in Ireland and United Kingdom

Retrieved on: 
Wednesday, November 9, 2022

BREA, CA, Nov. 09, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that it has entered into an agreement to appoint Newgate Motor Group, one of Ireland’s most recognized dealership groups, as the marketing, sales, distribution and servicing agent for the Mullen I-GO in Ireland and the United Kingdom.

Key Points: 
  • Agreement appoints Newgate as marketing, sales, distribution and servicing agent for the Mullen I-GO in Ireland and the UK.
  • Newgate Motor Group has over 40 years of experience in the motor industry and has built an excellent reputation during that time.
  • They are well respected in the auto industry and represent several brands, including Renault/Dacia, Kia and Mercedes-Benz.
  • Newgate Motor Group also represents XBUS and Evetta electric vehicles from the German-based company Electric Brands.

Space Auto Revolutionizes Car Buying With First Integrated Software and Marketing Solution for Auto Dealerships

Retrieved on: 
Wednesday, November 9, 2022

DALLAS, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Car dealerships can now meet their software and marketing needs all in one space.

Key Points: 
  • DALLAS, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Car dealerships can now meet their software and marketing needs all in one space.
  • Space Auto Marketing Services From first click to close, Space Auto maximizes dealerships media budgets with targeted digital traffic to optimized landing pages, and designs communications for retargeting and customer follow up.
  • Space Auto Content Services Space Auto deliverspremium content, including video, photography and social media, to OEM and dealership groups.
  • Space Auto serves both independent and OEM dealerships, including BMW, Nissan, Kia, Honda, GMC, Hyundai, and many others.Learn more at www.space.auto and follow Space Auto on Instagram , Facebook , LinkedIn , and TikTok.

Beard Boy Announces New Multilevel Services to Ease the Pain of Video Production

Retrieved on: 
Wednesday, November 9, 2022

Today's marketers realize they need to constantly develop "new video content about their company's positioning, products, programs and people -- content that's on strategy, on brand, on time and on budget," Smith stated.

Key Points: 
  • Exclusive Shoot & Repurpose Strategy Quickly, Cost-Efficiently Turns a Single Video into Varied Versions for Online, On-Air and In-Person Use.
  • Today's marketers realize they need to constantly develop "new video content about their company's positioning, products, programs and people -- content that's on strategy, on brand, on time and on budget," Smith stated.
  • "Think of us as the ibuprofen of video content production," Smith said.
  • Beard Boy Productions is a Southern California-based video production agency founded in 1994.

TRADE X Opens its B2B Trading Platform to Automotive Imports and Exports in Mexico

Retrieved on: 
Wednesday, November 9, 2022

TORONTO, Nov. 9, 2022 /PRNewswire/ -- TRADE X, a B2B cross-border automotive trading platform with its headquarters based in Ontario, Canada, today announced that it will open a new trade route and physical location in Mexico, one of the world's most important automotive hubs, which will enable the country's dealers and fleet owners to buy and sell pre-owned vehicles via TRADE X's global platform.

Key Points: 
  • "We're excited to connect automotive buyers and sellers in this highly important market," said Ricardo Ampudia, Director of Sales, Mexico for TRADE X.
  • "Mexico is a critical trade market in the global used automotive industry," said Eric Gosselin, SVP of Global Business Development for TRADE X.
  • Launching our TRADE X platform for Mexican dealers will allow them to showcase local inventory to dealers around the world.
  • Automotive dealers, fleet owners, rental companies, mobility solution providers, along with importers and exporters, can utilize the TRADE X platform on their desktop, or via the TRADE X Global mobile app, to trade vehicles quickly and easily with other automotive professionals around the world.

Kia America announces 2023 EV6 pricing

Retrieved on: 
Wednesday, November 9, 2022

Headquartered in Irvine, California, Kia America continues to top automotive quality surveys and is recognized as one of the 100 Best Global Brands.

Key Points: 
  • Headquartered in Irvine, California, Kia America continues to top automotive quality surveys and is recognized as one of the 100 Best Global Brands.
  • * The K5, Sportage, Sorento, and Telluride (excludes HEV and PHEV models) are assembled in the United States from U.S. and globally sourced parts.
  • 2Kia EV6 owners will have three years from the date of purchase to use the 1,000 kWh of complimentary charging.
  • Frequent use of DC Fast charging can negatively impact battery performance and durability, and Kia recommends minimizing use of DC Fast charging.

Consumers Pay More for Both Non-Luxury and Luxury New Vehicles in October, According to Latest Kelley Blue Book Average Transaction Price Data

Retrieved on: 
Wednesday, November 9, 2022

The Kelley Blue Book new-vehicle average transaction price (ATP) increased to $48,281 in October, slightly lower than the revised all-time high of $48,301 set in August.

Key Points: 
  • The Kelley Blue Book new-vehicle average transaction price (ATP) increased to $48,281 in October, slightly lower than the revised all-time high of $48,301 set in August.
  • According to Kelley Blue Book calculations, October marks a record 17th straight month that new-vehicle ATPs were higher than the average manufacturer's suggested retail price (MSRP), also known as the sticker price.
  • In October 2022, the average luxury buyer paid $66,645 for a new vehicle, up $331 from September when luxury ATPs reached $66,314.
  • The average new EV price was $64,249, according to Kelley Blue Book estimates, well above the industry average and aligning more with luxury prices versus mainstream prices.

GWM Achieves Highest-ever Monthly Overseas Sales Record by This Oct

Retrieved on: 
Tuesday, November 8, 2022

Its vehicle sales reached a record high of 21,052 units in the overseas market, up 49.58%.

Key Points: 
  • Its vehicle sales reached a record high of 21,052 units in the overseas market, up 49.58%.
  • From January to October 2022, GWM sold 132,796 vehicles overseas with a YoY increase of 18.55% and achieved excellent sales results in many markets.
  • GWM PICKUP has also achieved excellent sales in South Africa.
  • From January to October, the cumulative sales of GWM exceeded 18,000 units, with a YoY increase of 26.5%.

GWM Achieves Highest-ever Monthly Overseas Sales Record by This Oct

Retrieved on: 
Tuesday, November 8, 2022

Its vehicle sales reached a record high of 21,052 units in the overseas market, up 49.58%.

Key Points: 
  • Its vehicle sales reached a record high of 21,052 units in the overseas market, up 49.58%.
  • From January to October 2022, GWM sold 132,796 vehicles overseas with a YoY increase of 18.55% and achieved excellent sales results in many markets.
  • GWM PICKUP has also achieved excellent sales in South Africa.
  • From January to October, the cumulative sales of GWM exceeded 18,000 units, with a YoY increase of 26.5%.

Auto Dealers (Cautiously) Optimistic About Profits and Valuations in 2023

Retrieved on: 
Monday, November 7, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221107005471/en/
    The survey by Kerrigan Advisors queried over 600 auto dealers about their views on the future value of their businesses, as well as their perspective on franchise valuations and acquisitions.
  • While only 6% of dealers anticipated a valuation decline last year, 20% now expect a decline in the next twelve months, a 233% increase from 2021.
  • The survey reveals a clear increase in cautiousness by dealers about the future: that 34% of dealers expect higher profits in the next 12 months represents a sharp decline from the 79% that expected profit increases in 2021.
  • The Kerrigan Dealer Survey is based on over 600 responses from franchised auto dealers in Kerrigan Advisors proprietary dealer database.

S&P Global Mobility Special Report: When will the heartland embrace electric vehicles?

Retrieved on: 
Monday, November 7, 2022

SOUTHFIELD, Mich., Nov. 7, 2022 /PRNewswire/ -- With USD5 billion in electric vehicle charging network funds (and more to come) available under the Bipartisan Infrastructure Law, states are lining up for their share of federal largesse.

Key Points: 
  • Only Colorado and Nevada (and to a minuscule extent, Utah) outpunch their overall retail share in EV representation, according to S&P Global Mobility data.
  • Only Chicago, Las Vegas, Missoula, and Salt Lake City represented share gains in big cities of "Heartland" states.
  • S&P Global Mobility is a division of S&P Global (NYSE: SPGI).
  • S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.