Toyota execs think we’ll be paying $50,000 average transaction prices soon

Toyota execs think we’ll be paying ,000 average transaction prices soon

Even casual observers of the automotive industry have surely noticed how quickly the average cost of a new car in America has risen since the global Covid-19 pandemic. Nearly every single month has brought news of a new high pricing bar, and while there have been signs that things may cool off, top sales executives at Toyota don’t seem to think that’s going to happen. Speaking to reporters while giving an update on Toyota and Lexus sales results, Jack Hollis, head of sales for Toyota Motor North America, suggested that average transaction prices “will continue to grow” above $50,000.

If

Facebook Marketplace’s car listing limits affect dealerships unevenly

Facebook Marketplace’s car listing limits affect dealerships unevenly

Meta’s Facebook Marketplace is enforcing new restrictions on vehicle listings that appear designed to push car dealers toward paid advertising, and the change is creating an uneven early impact.

Some dealers say they intend to absorb the extra advertising spend made necessary by the changes to reach their target online audience through the platform. Others said the new rules will have limited effect because Facebook Marketplace had generated minimal gains for them.

Officials for Facebook and Meta, its parent company, did not respond to requests from Automotive News seeking comment. But the changes, which took effect at the end of

LAUAK Aerospace Supplier Quantifies Operations Reductions from Blank Size Reduction to Tryout Hours Won

LAUAK Aerospace Supplier Quantifies Operations Reductions from Blank Size Reduction to Tryout Hours Won

In this article, Jeremy Pion, the Head of Technical Services at LAUAK, describes the importance of simulation for both product and process design, and how it helps his company to generate significant savings and gain a better understanding of their processes.

The LAUAK Group is a tier one and two supplier for prestigious aircraft manufacturers and OEMs such as Airbus, Dassault Aviation, Spirit, Bombardier, and Liebherr. With headquarters located in Hasparren in the Southwest of France, the company has 450 employees and ten production sites worldwide — five in France, two in Portugal, one in Mexico, one in Canada, and