Supply chains have stabilized while market headwinds from high interest rates and high prices are muting sales.
The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
For 2023, expect higher incentives, volumes, and inventory levels, but by how much?
Fleet sales year to date are also down 42% from the same time in 2019 when 2.8 million vehicles were sold.
Due to the global shortage of semiconductors used in automobiles, OEMs are telling car rental companies to expect “significant delays” with fleet orders. One operator has had a large order canceled outright.
With the addition of Brian Allan, HyreCar will continue to leverage its business model of carsharing for ridesharing while providing a "path to purchase" for rideshare drivers.
The alliance will enable interoperability between the companies’ technology platforms and will create a wide range of capabilities for the automotive industry.
The 31 founding partners span the areas of OEM, parts and components manufacturing, electric vehicle services, and digital map services.
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