Auto industry 'quite healthy' despite earnings slump: Expert

CarGurus director of industry Insights and analytics Kevin Roberts joins Asking for a Trend to discuss the state of the auto industry.

And joining me now to talk about all this is Kevin Roberts Car guru is Director of Insights and Analytics.You know, as you look through these reports, you listen to the conference calls, what were your big takeaways, Kevin?So I think the auto industry as a whole is still quite healthy, but we're seeing consumers who were revenge spending over the past couple years.

And now we're seeing situation where dealer lots are really starting to over low with evs, you know, the day supply of new evs for the middle of June was around 100 and 37 days compared to a national average of all vehicles, 83.And I think you're starting to see the industry start to work through that and also start to come to grips that.

What do you think, Kevin, obviously, we got an election here and some folks are trying to game out, let's say Trump Vance take the White House.I think when it comes to the election, probably the most kind of stark lines you're seeing now out there right now is related to EV policy.Um But at this point, I really think the industry really is in on evs and that probably is the long term trend of where it's going.How about hybrids, Kevin still hot, really hot.

Uh There's still healthy demand for them but the, the demand for the kind of those higher price trims maybe is pulling back a little bit.Um So still still healthy demand, you're still gonna see a lot of, of those large full size pickup trucks and even mid size pickup trucks being sold.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stellantis' head of software business, Mamatha Chamarthi, leaves in another senior executive departurepThe automaker said Cristiani Campos has been promoted to lead its software business and "bring it to the next level."/p
Source: AutoNewsCanada - 🏆 77. / 51 Read more »

Archer Aviation stock soars on $55M Stellantis investmentShares of Archer Aviation (ACHR) are soaring on the news that Stellantis (STLA) is investing $55 million more into the electric aviation company. Josh Lipton...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »