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- 🚗 >$500 Billion spent on new cars
🚗 >$500 Billion spent on new cars
Plus: U.S car sales up YOY, Toyota shows strength, latest recalls, and more.
Happy New Year, and happy Friday morning. We’re back after our holiday break and ready to dive into the latest car news and market happenings.
In today’s edition:
U.S. car sales eclipse 2022
Consumers set car spending record
Toyota shows sales strength
Latest recalls
and more
MARKETS 📈
Note: Stock market data as of Thursday’s market close.
HEADLINES 📰
U.S. auto sales expected to finish 2023 up more than 11% year-over-year.
December marks profitable year for dealers as consumers spend record $578 Billion on new cars in 2023.
Electric cars and plug-in hybrids that qualify for federal tax credits, from Consumer Reports.
Two U.S. senators call for Tesla recalls after Reuters investigation.
EV maker VinFast launches first dealership in the U.S.
Tesla deliveries to hit record, but fall short of Musk's aspirations.
Toyota will engineer a half-electric renaissance with their battery-gas hybrids.
GM stops selling the Chevy Blazer EV to deal with ‘software quality issues’.
Cummins gets $1.7 Billion fine for knowingly cheating emissions.
RECALLS
Honda CR-V Hybrid recall includes more than 106,000 SUVs at an increased risk of fires.
Mercedes-Benz recalls over 3,000 C-Class, CLA, GLA, S-Class, GLC-Class and GLE-Class vehicles.
That’s all we have for you this week. Have a safe and Happy New Year; we’ll see you next Friday morning with more car content.
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