Industry Voices
Car Sales Surge by 5.4% Indicating a Robust Economic Environment
U.S. new automobile and truck sales surged 5.4% in February, surpassing economists' predictions with an annual sales rate of 15.8 million. Despite varied performance among automakers, consumer spending remained strong. The average cost of a new car in February was $48,763. Continued growth is forecasted for 2024 despite rising interest rates.
By Dabbie Davis
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Toyota Recalls 381,000 Tacoma Pickups Over Crash Risk from Rear Axle Parts Detachment
Toyota issues a recall affecting nearly 381,000 Tacoma trucks in the US. The recall is due to potential rear axle part detachment, increasing crash risks. Owners will receive free inspections and necessary repairs starting in late April. Meanwhile, Toyota maintains its global dominance despite recall challenges, retaining its position as the most sought-after auto brand.
By Dabbie Davis
Hyundai Relies on Sonata and Elantra Sedans for US Sales Surge
Amidst rising interest rates, Hyundai is strategically adjusting its Sonata and Elantra sedans to meet evolving consumer demands. By bolstering production and monitoring market dynamics, the carmaker aims to fortify its position and cater to the growing demand for budget-friendly options in the U.S. automotive market.
By Dabbie Davis
Cadillac Escalade Faces Recall Due to Erroneous Catalytic Converter Service Parts
The recent GM emissions recall affecting certain 2022–2023 Cadillac Escalade and Escalade ESV models has raised concerns about compliance with emissions regulations due to incorrect catalytic converter components. GM's announcement outlines the process for identifying and rectifying impacted vehicles, ensuring compliance and customer reimbursement. In parallel, despite the vehicle's limited appeal to tuning companies, aftermarket enhancements, including Larte Design's tailored package for the Cadillac Escalade-V, offer owners an opportunity to personalize their vehicles and stand out. This juxtaposition highlights the unique dynamics surrounding the Cadillac Escalade, from regulatory challenges to aftermarket customization options.
By Dabbie Davis
Ford Recalls Multiple Vehicle Models for Safety Checks, Include Over 150,000 Cars
The NHTSA has revealed three recent recalls affecting over 150,000 Ford vehicles. The first pertains to Ford Transit cars (2023-2024) due to rear axle lubrication issues. The next involves E-350 and E-450 models (2021-2022) at risk of power steering problems. Lastly, Ford Expedition and Lincoln Navigator (2018-2020) face seatbelt locking concerns.
By Dabbie Davis
Volkswagen Initiates Recall of 261,000 Cars Over Fuel Leakage, Pump Safety Concerns
Volkswagen is recalling approximately 261,000 cars in the United States due to a fuel tank problem caused by a defective suction jet pump seal. The recall covers models such as Audi A3s, Volkswagen Golfs, GTIs, Jettas, and Golf Sportwagens from 2015 to 2020. The faulty pump seal may cause fuel leakage and increase the risk of fires.
By Dabbie Davis
Toyota Takes Action, Recalling Over 280,000 Vehicles Over Transmission Issue
Toyota announced a recall of over 280,000 Tundra, Sequoia, and Lexus LX 600 vehicles in the US. The transmission issue could cause the cars to drift forward when in neutral. Forbes reports that a software update will be provided to address the potential safety risk, with notifications to owners by late April. This follows a previous recall of one million vehicles for a different issue in Canada and the US.
By Dabbie Davis
