Auction leaders also said closely examining which locations to overhaul is necessary.
EVs are scarce in some regions of the US, especially areas where charging infrastructure is not built out or where municipalities haven’t addressed equipping power grids to handle that technology, they said. An auction in a particularly hot or cold region could see its operation disrupted if temperatures fluctuate enough to inhibit EV battery performance.
Companies like Manheim, ADESA and America’s Group have a lot of space that can hold EVs for charging. For Manheim’s Huang, whether the grids can service all those EVs is a major unanswered question. Utilities in certain regions are forward-thinking about EVs, she said, while others are not.
“It’s a bit all over the board,” Huang said.
To ease into the EV shift, some wholesalers are considering outsourcing the overhaul of auction house infrastructure, standards and processes. Manheim works with “several different vendors”
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Company Profiles
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US light-vehicle sales remain in lower gear as the third quarter winds down, while slumping consumer sentiment threatens a further downshift.
Cox Automotive on Wednesday cut its full-year new-vehicle sales outlook to 13.7 million — down more than 9 percent from 2021 and the industry’s lowest tally in a decade.
It’s the third time this year Cox has lowered its sales forecast, which initially stood at 16 million vehicles.
Most automakers are expected to release third-quarter US sales results on Monday and Tuesday.
Charlie Chesbrough, Cox Automotive senior economist, said COVID-related production disruptions and the war in Ukraine scuttled the anticipated improvement in inventories at the start of the year.
Now the industry faces a new wrinkle.
“It seems likely that much of the pent-up demand from limited supply is quickly disappearing as high interest rates eat away at vehicle buyers’ willingness and ability to purchase,” Chesbrough said.
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Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, announced an upcoming version of its Mullen Five crossover that delivers a performance “to rival Plaid versions of Tesla’s Model S and Model X.” The Mullen Five was originally meant to compete against Tesla’s Model Y and Volkswagen ID.4, but the new version features more than 1,000 horsepower and the ability to go from 0 to 60 in under 2 seconds with a top speed of more than 200 mph; the new model also features an 800-volt electrical system, enabling rapid charge times when using a DC fast charger. The FIVE RS will be manufactured in MULN’s Tunica, Mississippi,
“Anybody that’s dealing with electric cars right now is getting a lot of questions about the battery, and making folks feel comfortable about the battery health is really important to selling them,” ADESA President John Hammer told Automotive News. Since adding the feature, ADESA has seen a 7 to 9 percent lift in conversion — when cars offered in auction channels actually sell — on vehicles with Range Score badging compared with similar vehicles that don’t have it, Hammer said. ADASA did not disclose when it started using the badging and gathering that data.
“The other thing that we’ve seen is a lift in the prices that we get for them,” Hammer said. “We’re seeing $4,000 to $7,000 increases.”
Developing a more comprehensive battery health diagnostic tool is also a priority for Manheim, the largest US vehicle auction company.
It is working on that with Spiers New Technologies, a battery
Dealer Clay Cooley grew his group’s presence in the Dallas-Fort Worth area in Texas with the June 27 addition of his third Hyundai dealership, one of more than 10 dealerships in his portfolio, according to DCG Acquisitions, a Dave Cantin Group company, which facilitated the transactions.
“It’s a strategic acquisition,” George Pero, vice president of sales for DCG Acquisitions, said in a phone interview. Pero, along with Brian O’Malley, a managing director with the company, worked on the deal.
“Pretty much all their dealerships are within driving distance,” Pero said of Clay Cooley Auto Group, of Irving, Texas. “This purchase expands their existing footprint.”
In November, the group bought a standalone Cadillac dealership in Garland, Texas.
The June acquisition, formerly known as Bob Stallings Hyundai in Dallas, was renamed Clay Cooley Hyundai of Dallas.
The dealership is a past Automotive News Best Dealerships To Work
LAS VEGAS – Ambitious targets for electric vehicle sales – in California or nationwide – will be hard to achieve by 2030 or 2035, Akio Toyoda told reporters Thursday.
Regarding California’s rule calling for a ban on the sale of gasoline-burning vehicles by 2035, the Toyota Motor Corp. CEO said: “Realistically speaking, it seems rather difficult to really achieve that.”
He added that a potential national goal of 50 percent zero-emission vehicles by 2030 would be “very difficult.”
As a global automaker serving 200 countries, Toyota must take into account the wide variety of conditions in those various markets, including the needs of the 1 billion or so people who don’t have reliable access to electricity.
Through a translator, he cautioned that regulations “tend to narrow the options available for solutions toward carbon neutrality.”
Longer term, he sees hydrogen combustion as a compelling offering. In the short term, hybrids may
Europe’s energy crisis offers a hard lesson on the risks of focusing on one fuel source — in the case of the electric-vehicle industry, battery cells, Markus Heyn, head of mobility services for Robert Bosch, told the Stuttgarter Zeitung.
“We are currently seeing the consequences of the gas shortage for Germany and Europe because we prepared too few alternatives,” Heyn, who is also a board member of the supplier, told the paper.
“In the automotive industry, we should use this occasion to ask ourselves what we can do if there should ever be too few battery cells.”
In that case, he said, “everyone would certainly like to see an alternative to battery power. But this will only exist if we have prepared it in good time.”
Battery alternatives that need to be considered, Heyn told the paper, include fuel cells that use hydrogen and oxygen to power electric motors.
Ford rolled out the new standards to dealers in Las Vegas in what some who attended described as an occasional combative meeting. The concerns stemmed mostly from small-market dealers worried about the size of the investment, even as executives attempted to reassure them they could remain successful selling only gasoline vehicles. Each certification will be effective from Jan. 1, 2024, until the end of 2026. Ford said dealers who opt out of becoming EV-certified for now will have another opportunity to buy in starting in 2027. It does not expect to force any dealers to do so at that time, either .
“We don’t want to rush dealers into being a Model e dealer before their market or they are ready to,” Farley said.
Ford said each of its 3,000 US dealers theoretically could choose to become Certified Elite. Farley declined to say how many he wants to opt in.
Dual Actuator Rear Wheel Steering System where each rear wheel is individually steered
The only auto-components supplier in Asia to win the PACEpilot for its unrivaled performance.
Advanced steering technology that’s optimized for full-size vehicles including electric vehicles and pickup trucks … expected to increase orders from global automakers.
SEOUL, South Korea, Sept. 20, 2022 /PRNewswire/ — Hyundai Mobis (KRX 012330) was named a 2022 Automotive News PACEpilot Innovation to Watch at the awards ceremony on September 19th. The recognition acknowledges post-pilot, pre-commercial innovations in the automotive and future mobility space.
Hyundai Mobis CI (PRNewsfoto/Hyundai Mobis)
Hyundai Mobis was recognized for its Dual Actuator Rear Wheel Steering System. It is an advanced rear wheel steering system, which allows the left and right rear wheels to move independently in different directions with a maximum angle of 10 degrees.
In the traditional way, the single actuator system and the
