Veteran auto analyst John Murphy launched Murphy Automotive Partners and its MAPP report forecasting US new car releases through 2031. The report highlights a deep 3-year product drought in the US market, with average vehicle age hitting a record high by 2028. It predicts hybrid vehicles will more than double market share by 2031, while pure electric vehicles will stagnate. The report also notes a market shift favoring trucks and small SUVs, with mid-size crossovers declining. Murphy emphasizes that product competitiveness, not just electrification hype, will determine which brands survive in this challenging period. The full report will be available to subscribers in late July 2026.
General Motors revealed the 2027 GMC Sierra 1500 pickup trucks featuring new V-8 engine options, redesigned interior and exterior, and a streamlined model lineup including Pro, Elevation, AT4, AT4X, Denali, and Denali Ultimate trims. The new Sierra e...
Toyota is set to report a nearly 1% increase in U.S. vehicle sales for the first half of the year, reaching 1.25 million units, while General Motors (GM) is expected to see a 7.2% decline to 1.33 million. Toyota's focus on hybrid vehicles, which are ...
US stock indices including Nasdaq 100, Dow Jones 30, and S&P 500 showed early signs of recovery on Wednesday following a sharp selloff on Tuesday. The Nasdaq aims to regain the 30,000 level but may find support at 28,500 if it falls. The Dow Jones is...
CarGurus' 2026 Mid-Year Review reveals robust consumer demand across vehicle segments, with luxury SUVs selling faster and used hybrid prices hitting record highs. New car prices average around $50,900, reflecting a market shift toward higher-priced ...
Chevrolet introduced the 2027 Silverado 1500, claiming it as the most powerful Silverado ever with new V8 engines, including a 5.7-liter and 6.6-liter naturally aspirated V8. The truck features a redesigned exterior, advanced technology like a digita...
