24 Jun, 2024

Hyundai vehicles to be available online in 2024

A shiny SUV on a stage with two people standing on its passenger side

José Muñoz (right), CEO of Hyundai North America, and Marty Mallick, vice president for Amazon worldwide business and corporate development, at the Los Angeles Auto Show. Photo: Amazon via Business Wire

Amazon plans to begin allowing Hyundai dealers to sell new vehicles on its platform, launching the e-commerce giant into the lucrative but highly competitive car market for the first time.

Why it matters: Amazon’s sheer e-commerce heft means the company must immediately be taken seriously in the automotive retail space.

Driving the news: Amazon announced its plans Thursday during the 2023 Los Angeles Auto Show, and said Hyundai would be the “first” brand to sell cars on the platform.

  • Customers will be able to search based on model, trim, color and other features, while also choosing payment and financing options.
  • As part of their deal, Hyundai will begin incorporating Amazon’s Alexa voice assistant into its vehicles beginning in 2025.

Selling cars online is unlike selling any other item because most product sales aren’t as complex as vehicles, which often involve trade-ins, financing, warranties and follow-up service.

What they’re saying: Listing on Amazon “should make shopping easier” for many buyers, “but all these additional components you’re still dealing with the

1 min read

Discounts On Renault Cars In March 2024: Renault Kwid, Renault Kiger, And Renault Triber

Existing Renault customers also get a loyalty bonus of Rs 10,000 valid across all models

Renault Cars

  • Maximum benefits of up to Rs 82,000 are available with MY23 units of the Renault Kwid.

  • The MY23 units of the Renault Kiger are being offered with discounts of up to Rs 75,000.

  • Customers can save up to Rs 67,000 on the Renault Triber.

  • All offers are valid until the end of March 2024.

Renault has rolled out its offers across all its models – Renault Kwid, Renault Triber, and Renault Kiger – for March 2024. Both MY23 and MY24 units of these models are available with benefits with the maximum discounts reserved for the MY23 stock. The offers include cash discounts, exchange and loyalty bonuses, and corporate discounts. Let’s have a look at model-wise offer details below.

Disclaimer: Buying cars manufactured in 2023 may affect their resale value compared to buying an MY24 unit.

Renault Kwid

Renault Kwid

Offers

Amount

MY23

MY24

Cash Discounts

Up to Rs 40,000

Up to Rs 10,000

Exchange Bonuses

Up to Rs 20,000

Up to Rs 15,000

Loyalty Bonus

Up to Rs 10,000

Up to Rs 10,000

Corporate Discounts

Up to Rs 12,000

Up to Rs 12,000

Maximum Benefits

Up to

1 min read

CARWOW ACQUIRES LEADING CAR MEDIA BRANDS INCLUDING AUTO EXPRESS TO BECOME ONE OF THE UK’S LARGEST ONLINE CAR-CHANGING DESTINATIONS

Carwow, the online car-changing marketplace, today announces the acquisition of Autovia, the automotive content and commerce media company, for an undisclosed sum.

Autovia reaches over 15 million car owners, buyers and enthusiasts every month through its leading print and digital titles including Auto Express, evo, DrivingElectric and Carbuyer, as well as its annual automotive satisfaction survey, Driver Power. As a leading publisher of automotive content, Autovia offers automotive partners innovative solutions in advertising and this acquisition will significantly grow Carwow’s reach and capabilities with in-market car buyers and sellers in the UK.

Combined with Carwow’s world-leading content, which includes its YouTube channel that generated over 1.1bn video views in 2023, the acquisition significantly expands Carwow’s audience reach. It will add to Carwow’s advertising and e-commerce capabilities for its car manufacturer and dealer partners, to help meet the growing digital demand to engage with millions of consumers who are considering changing their cars. The deal also presents new opportunities for embedding Carwow’s e-commerce offering for new and used–car sales across Autovia’s brand titles, as well as for motorists looking to sell their old cars.

Since 2011, Carwow has helped over 2.5 million people find, buy or sell a car, becoming a

1 min read

Global M&A trends in industrial manufacturing and automotive: 2024 outlook

Michelle Ritchie is PwC’s global industrial manufacturing & automotive deals co-leader. She is a partner with PwC US. Nicola Anzivino is PwC’s global industrial manufacturing & automotive deals co-leader. He is a partner with PwC Italy. Nathan Whitley is a director with PwC US.

The authors would like to thank the following colleagues for their contributions: Mark Anderson, David Bard, Cesare Battaglia, Danny Bitar, James Brewerton, Mike Brooks, Gabriele Capomasi, Wanfeng Chen, Sandie Costa, Matthew Davy, Coolin Desai, Cara Haffey, Motoyuki Hattori, Sven Heinemann, Martin Holzapfel, Michael Huber, Darren Jukes, Jin Jun, Michael Kamel, Nobutaka Kanazawa, Darrell Kennedy, Gentaro Kobayashi, Jorg Krings, Bob Long, Mona Hamzah, Martin Nicklis, Eric Parrish, Ty Pearson, Alexander Pirrie, Joe Rafuse, Colin Ryan, Harald Scheikl, Martin Schwarzer, Sarah Senyo, Daniel Sipple-Asher, Alessandro Spaghi, Daniel Steiner, Chris Temple and Nicolas Veillepeau.

1 min read

The best new Audi models coming by 2026: all you need to know

New Audi models coming in 2024

Audi will be launching quite a few new EVs this year, with the highly anticipated Q6 e-tron making its debut and the A6 e-tron coming soon after. There will also be a few new petrol-engines cars, and the brand’s naming structure is getting a shake up as well.

New Audi A3 and S3

The Audi A3 was one of the top 10 best-selling cars in February 2024, and the ever-popular hatchback has been given a mid-life facelift to keep it looking fresh in the face of the Mercedes A-Class and BMW 1 Series. In addition to the lightly revised styling, the A3 has been given some interior tweaks.

You now get a slightly different dashboard design, as well as a smaller gear selector and a tied-up center console. Audi’s 10.25-inch digital driver’s display now comes as standard, and the infotainment system is running new and improved software.

The warmed-up Audi S3 will also be getting a makeover at a later date, as well as the full-fat RS3. You can expect to see more power and a re-tuned gearbox in both cars.

New Audi Q6 e-tron

The highly anticipated Audi Q6 e-tron is finally here,

1 min read

Is now the right time to buy a new or used vehicle?

Is now the right time to buy a vehicle, or is it wiser to wait until the auto market finishes cooling down?

After the pandemic, the market experienced new vehicle shortages and a surge in prices for used vehicles.

Today, it appears that prices for both new and used vehicles are stabilizing. Moving into 2024, prospective vehicle buyers could see a more favorable market, with increased inventory options to choose from and reduced prices for both new and used vehicles.

Whether you’re eyeing a brand-new model or looking to buy a pre-owned vehicle, I’ll explain the current state of Canada’s auto market and what could lie ahead.

How the pandemic affected the auto market

The pandemic severely disrupted the auto industry’s supply chains, leading to production slowdowns and inventory shortages, which was exacerbated by the ensuing chip shortage.

As we emerged from the pandemic, there was a notable improvement in these supply chains, setting the stage for a gradual recovery of the North American auto sector, including Canadian production.

In early 2023, we see a rise in Canadian vehicle sales, indicating signs of recovery. However, the market could still face resistance, with sales volumes expected to lag behind pre-pandemic levels

1 min read

FTC’s CARS Rule: Why a new rule to combat auto retail scams is great news for consumers and honest dealers

In the drive toward Combating Aauto Retail Scams, the FTC’s just-announced CARS Rule is a big win for consumers, who lose billions of dollars in wasted time and money each year to illegal practices like bait-and-switch tactics and junk fees. It’s also a big win for honest car dealers who strive to apply established truth-in-car-buying principles at their dealerships and shouldn’t have to compete against dealers who don’t. Why is the CARS Rule such a game changer and what compliance guidance does the FTC have for industry members? Read on for more information.

The CARS Rule is the culmination of a years-long effort to ensure truth and transparency in the process of buying and leasing cars and trucks. The FTC published a proposed rule last year and received thousands of comments from dealers, consumer groups, and others. Based on what commenters had to say and the FTC’s law enforcement efforts to combat auto retail scams, the CARS Rule restates consumer protection established principles in clear language specific to the auto industry and includes new remedies if a car dealer engages in certain deceptive or unfair practices .

By stating clear rules of the road that apply

1 min read

US new vehicle sales rise 12% as buyers shake off high prices, interest rates, and auto strikes

DETROIT (AP) — Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still bought 15.6 million new vehicles last year, 12% more than in 2022, the biggest increase in more than a decade.

Yet sales still haven’t returned to the 17 million rate in the years before the pandemic, and there are signs of a cooling market as buyers aren’t as willing to pay astronomical prices that dealers and manufacturers were charging just months ago.

“You see the consumer making a concerted effort to ensure that they’re getting the best price possible,” said Jonathan Chariff, CEO of South Automotive Group, a 10-dealership group in the Miami area. “They basically feel that this is the right time to buy from a perspective of being able to get the discounts.”

Average auto sales prices peaked in December of 2022 just over $47,300, with vehicles in short supply due to the global chip shortage that limited production. Some dealers were able to charge over the sticker price to buyers who needed a new ride or had the money to get one.

But the chip shortage gradually eased last year to the point where

1 min read

Ask Anthony helps couple whose business was hit by cars

After Ask Anthony featured the business owner, Joe Carlucci toured the property to see what kind of barriers could be installed to prevent future crashes.

JACKSONVILLE, Fla. — The Ask Anthony team is getting results after a Jacksonville business reached out with a problem they couldn’t solve.

William and Vicky Marcal help run their family company called “Duval Finest Countertops” on Emerson Street near Downtown Jacksonville. They moved into the building five years ago.

The Marcal siblings said cars have crashed into the building about six times in the past two years. They weren’t done repairing the building from the first accident, before another car crashed just a few weeks ago.

“The speeding is the main thing. They come so fast around the corner that they can’t control that one little curve and it’s causing them to hit the building every time,” explained Vicky Marcal.

After their story aired on First Coast Newsa Jacksonville City Councilman picked up the phone and called Anthony Austin.

“I’ve already talked to traffic engineering. I’ve already talked to a public works director. They are very open to coming out here with me next and looking at what the site allows for,” City Councilman

1 min read

Spring Daytona Turkey Run returns to Daytona Beach

Chrome, carburetors and custom cars will soon shine as the 34th Annual Spring Daytona Turkey Run classic car show again rolls into Daytona International Speedway.

When the three-day event unfolds March 22-24, expect the track’s immense infield to be jammed with classic and custom cars, a multitude of gearheads who love them and every imaginable automotive accessory from toggle switches to tailpipes.

Visitors stroll among thousands of classic cars at the 2022 edition of the Spring Turkey Run at Daytona International Speedway.  The 34th annual event is slated to return March 22-24 in Daytona Beach.

What happens at the Daytona Spring Turkey Run?

In addition to the display of more than 5,000 collectible vehicles, daily events include a massive swap meet as well as an array of vendors with art and fashion items tailored to the four-wheel crowd.

On Sunday’s closing day, events feature the annual 2 pm Classic Car Parade Lap around the Speedway track. For those with classic cars, it’s included in the event’s participant fee.

How many cars does the Daytona Turkey Run have?

Besides the mentioned 5,000 collectible show cars on display, the event also showcases some 1,500 customized vehicles for sale by owners in the Car Corral. If you need parts for your classic beauty, there are more than 2,000 vendors at the swap meet with an array of items both mechanical and aesthetic.

What are other

1 min read