J.D. Power

U.S. customers had to pay 22% more last month to buy electric cars amid growing demand and supply woes for EV makers, The Wall Street Journal reported on Sunday. What Happened: Average EV prices grew 22% year-on-year in May at about $54,000. In comparison, prices for Gas-powered...

Lean inventories at dealerships — and strong demand for pickup trucks — are forcing U.S. car buyers to drive out farther to find the car of their choice, says automotive consultancy J.D. Power. What Happened: The average number of buyers who traveled more than 50 miles to find a...

The Chinese market, which holds mammoth potential for EV manufacturers, has now become a crowded field. Apart from homegrown companies, U.S.-based EV pioneer Tesla, Inc. (NASDAQ: TSLA) and several legacy automakers, either on a standalone basis or in partnerships, are also vying for a piece of...

U.S. automakers are struggling with the lowest inventory in nearly twelve years but that may not be bad news as a combination of strong demand and a dearth of enough vehicles at dealerships is pushing new car prices and profits to record highs, say industry experts. What Happened: The U.S. new...

Demand remains slack but prices for used Class 8 trucks appear to be firming, according to industry watchers. Used Class 8 same dealer sales volumes dropped 12% in May compared to April. Year-over-year sales were down 20% compared to May 2019. Sales are up 2% for the first five months of the year...

Some highlights from this month's J.D. Power Commercial Truck Guidelines industry update: Volume at auction on the rise The number of trucks sold at auction climbed notably in September, and pricing trended lower. Model year 2015 trucks took a particularly hard hit thanks to higher volume and...

After two fairly strong months, auto sales softened in October, courtesy trimming of incentives and one fewer selling day in the month. However, industry watchers believe sales will rebound in the final months of the year, as automakers strive to clear inventories. Incentive spending remained...

U.S. vehicle sales continued to be lackluster in July, with the weakness more pronounced among the U.S. automakers. Coupled with sales worries, the industry is also plagued by higher inventory levels and unusually higher incentives for this time of the year. The companies continued to chip away...

June signaled continuity for the year's auto trend, as automakers continued to report lackluster sales. The sixth month of the year had the same selling days in 2017 as that of 2016. As the trend would have it, car sales continued to head southward. With U.S. automakers looking to wean them off...

Evidence continues to mount that the subprime auto lending market has a bumpy road ahead. New data suggests U.S. dealers are struggling to sell automobiles so far in 2017, and subprime lenders are taking notice. CNBC’s Phil LeBeau reports that auto dealers are offering record-high incentives...

Automakers boasted strong performances in December amid strong incentives and firm demand for trucks. Forecasts published by Edmunds.com suggest total vehicle sales in the United States are expected to come in at a seasonally-adjusted annual rate of 17.7 million units in December, a 18.5 percent...

Even though markets slipped on Friday, driven by tumbling oil prices and Apple Inc. (NASDAQ: AAPL)'s poor performance, major indexes were still up for the week. The S&P 500 Index closed down 0.1 percent on Friday afternoon, with Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) and Seagate...

Further details of a story which hasn't seen media interest since the initial Reuters' report in October 2015 popped up again on Monday morning: McGraw Hill Financial Inc (NYSE: MHFI) may have sold its esteemed J.D. Power unit. A source familiar with the matter told Benzinga J.D. Power...

GM (NYSE: GM) proudly touts the awards its receives from J.D. Power, but there was a time when it and other American automakers were at odds with the market research firm. "The domestic car companies in Detroit detested what we were doing," James David "Dave" Power III, founder of J.D. Power and...