Used electric vehicle (EV) sales in the US surged nearly 28% in March 2026, driven by rising gasoline prices linked to the US-Israel and Iran conflict. Over 44% of these sales were models priced below $25,000, making EVs more accessible to buyers seeking alternatives to expensive fuel. Despite a 6.1% year-over-year price drop to an average of $34,653, used EVs still cost slightly more than gasoline cars. Tesla models led the market, holding value better and outselling competitors like GM and Ford, reflecting strong consumer demand during this period of oil price volatility.
Ford reported a 10.3% decline in US vehicle sales for Q2 2026, selling 549,200 units compared to 612,095 a year earlier. The drop was driven by a 40.7% fall in electric vehicle sales and an 11% decline in F-Series pickup sales due to supply constrain...
Ford Motor reported a 10.3% decline in U.S. new vehicle sales for the second quarter, selling 549,200 vehicles compared to 612,095 a year earlier. The automaker faced a 40.7% drop in pure electric vehicle sales and an 11% decline in F-Series truck sa...
Ford CEO Jim Farley called for a more balanced USMCA trade deal that rewards automakers producing mostly in the U.S. and penalizes those relying heavily on imports. Ford assembled over 2 million vehicles domestically in 2025, more than any other auto...
Honda has begun producing batteries for energy storage systems after canceling its U.S. EV programs due to weak demand and the end of tax credits. The batteries, initially meant for electric vehicles, will now serve data centers and grid storage, tap...
The US automotive industry is entering a phase of uncertainty as the USMCA trade agreement between the US, Mexico, and Canada is unlikely to be extended by the deadline, triggering a review process or possible expiration by 2036. The deal, which gove...
