Pricing
The Used EV Discount Is Gone: 1-to-5-Year-Old EVs Now List for $579 More Than Gas Cars
A year ago, one- to five-year-old EVs were $2,227 cheaper than gas cars. Now they cost more and sell almost two weeks faster, iSeeCars data show.
#Car Sales
Industry
Rivian's R2 Outsells Every Other Rivian, but the Car Business Still Loses Money
Revenue rose 38% and software kept Rivian in gross profit, but its vehicle business lost $80 million as R2 launch costs piled up.
Analysis
The 'EV Winter' Is a New-Car Story. Used EV Sales Just Hit a Record
New EV sales fell 41% in September while used EVs hit a record. Against a normal year, Americans bought more EVs in total, just not new ones.
New Cars
Jeep Raises the 2027 Compass to $31,985 and Makes Adaptive Cruise Standard as Sales Sag
The entry Jeep opens 2027 orders at $31,985 with destination, $995 over the 2026 launch price, while Stellantis cites the Compass for its third-quarter North American shortfall.
Industry
Porsche's Profit Rebounds on Fewer Cars, but Q3 Slowed and 2027 Looks Worse
Nine-month operating profit hit €1.74 billion, up from €40 million. Strip out last year's restructuring bill, and the third quarter was Porsche's weakest of 2026.
Analysis
Used-Car Prices Turned Up Again in October. Here's What Your Trade-In Is Worth Now
Wholesale used prices rose 2.2% year over year in early October while new-car cuts stayed narrow. Where the lease returns went, which segments hold value, and what the Fed adds.
Industry
Citroën Puts Numbers on the 2CV Effect: Search Interest Up 187%, UK Sales Up 41%
Two weeks after the Paris reveal, Citroën says its share of Google searches has nearly tripled. The production 2CV is due by 2028 at around €15,000.
Analysis
The Wrangler 4xe Isn't Coming Back for 2027. Here's What Killed America's Top Plug-In
The 2027 Wrangler lineup confirms the plug-in isn't returning. It sold up to 67,429 a year, yet Wrangler sales rose 5% last quarter without it.
Industry
GM Made $3.3 Billion Last Quarter. Its US Market Share Still Fell
Pickups pushed North American margins to 8.7% and funded a new $20 billion buyback, while GM's US share slid to 16.1% and fleet's slice grew.
Industry
Jeep Avenger Passes 300,000 Orders — Halfway to the Renegade's Record
Jeep's smallest SUV has added 10,000 orders since early September. The brand now measures it against the Renegade's 610,000-unit lifetime total.
Industry
VinFast's U.S. Plan B: Green SM Launches an All-Electric Taxi Fleet in Los Angeles
Vietnam's Green SM opened bookings in LA on October 13 with VinFast VF 8s and full-time drivers, as VinFast's own U.S. retail sales stay in the hundreds.
Buying Advice
NYC Sues CarGurus, Alleging Its “Great Deals” Hid Mandatory Dealer Fees
The city says listings rated below market came out above it once required fees were added — and that CarGurus’s AI chatbot left those fees out entirely.
Industry
Penske Automotive Is Going Private in a $16.3 Billion Deal — What It Means for Car Buyers
Penske Corporation and Mitsui will buy out the 27% of PAG they don’t own, taking 365 dealerships and six CarShop stores off the NYSE by early 2027. The counter stays the same; the owners don’t.
Industry
Toyota’s Kentucky Parts Hub Turns 25 — and Moves 400,000 Parts a Day
The Hebron facility that feeds Toyota and Lexus dealers across North America opened in 2001 with about 60 people. Today it employs 700 and sits at the center of a two-hub network.
Analysis
The Best-Selling EVs of Q3 2026 — and the Ones Buyers Walked Away From
Kelley Blue Book’s corrected Q3 report ranks every EV sold in the U.S. The Model Y took 38% of the market alone, new Toyotas and Rivians climbed, and the Equinox EV lost 92% of its buyers.
Industry
Hyundai Puts a 15-Year Veteran in Charge of Its U.S. Dealer Network — Here’s What He Inherits
Mark Kato, with Hyundai Motor America since 2011, now oversees dealer development for Hyundai and Genesis across North America — a network that has just posted its best third quarter and is still mid-renovation.
EVs
U.S. EV Sales Hit a One-Year High in Q3 — and Are Still Down 39% From Last Year
Kelley Blue Book counts 266,630 EVs sold in the third quarter. Tesla still takes more than half, Toyota and Lexus nearly quintupled, and Ford and Volkswagen all but vanished.
Analysis
Detroit Bet on EVs. Buyers Chose Hybrids. Q3 Settled the Argument
GM’s EV sales fell 62 percent while Toyota, Honda, Hyundai, and Kia set hybrid records. Ford has changed course. GM says hybrids are coming but hasn’t named one.
Trucks
GM Takes the 2027 Silverado and Sierra to Texas, the Truck Market It Can’t Lose
The next-generation pickups are on show in Dallas through October 18. GM cites $4.6 billion in Texas economic impact, though its Arlington plant builds SUVs, not trucks.
Industry
Audi’s U.S. Sales Fell 15% in Q3 as EVs Dropped 94%. Everything Else Rose 35%
One electric SUV, the Q6 e-tron, lost more sales than the whole brand did. The Q5 and Q3 now make up nearly half of Audi’s U.S. deliveries.