This information that follows is taken from sources including The Car Connection, Autoweek, Green Car Reports, and other industry sources.
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Auction prices rise…again
"Fueled in part by tariffs," is how Black Book summarized April since its latest installment of Market Insights, which covered the week that included the last day of the month. As the calendar flipped, analysts watched wholesale prices rise another 0.24% as last week’s auction conversion rate came in at 61%. “The market continued to see week-over-week increases in wholesale values, although the pace of these gains slowed last week,” Black Book said in the report released on Tuesday. “Despite the moderation compared to the prior two weeks, the scale of these gains remains atypical, as seasonal trends would generally reflect week-over-week declines during this period."
Source: Auto Remarketing
U.S. auto industry - trade deal with Canada & Mexico to be priority
President Donald Trump's trade agreement with the United Kingdom, reached earlier in the week, has set off alarm bells in the U.S. auto industry. The U.S. carmakers worry that other automakers that import from Europe and Asia will be next to get a deal while General Motors, Ford Motor and Stellantis wait on the sidelines for a new free trade agreement to replace the United States-Mexico-Canada Agreement (USMCA), which was negotiated during Trump's first term. Trump has said USMCA must be renegotiated. But he has seemingly put the United Kingdom ahead of that task, likely because it was the easier deal to get done, experts said. That made U.S. automakers jittery as they watch others get trade advantages first.
Source: Detroit Free Press
Really fast sedans
Model
Starting Price - $US
Range or Fuel Economy per Gallon
EV estimated Range
Lucid Ai
$71,400
406-480 Miles
Cadillac CT5-V Blackwing
$99,190
15 Combined
Porsche Panamera Turbo E-Hybrid
$192,995
27-28
Mercedes-AMG GT43/GT53/GT63
$102,250
17-21 Combined
Porsche Taycan
$101,395
252-292 Miles
BMW M5 Hybrid
$123,275
15 Combined
25 Miles
BMW M8 Gran Couple
$142,175
17 Combined
Audi RS7
$131,195
17 Combined
Cadillac CT4-V Blackwing
$63,690
18 Combined
Porsche Panamera E-Hybrid
$104,795
21 Combined
Source: CAR and DRIVER
A Culture of Collaboration
Crowe’s culture is a key factor in the Kelowna teams success each year. Continuous learning and professional growth are at the forefront of what we do, equipping our teams with the necessary skills and knowledge to #GrowWithCrowe.
With an emphasis on collaboration and open communication, the office has created a supportive environment where everyone feels encouraged to share ideas and learn from one another. Through training programs and mentorship opportunities, team members are empowered to stay updated on industry trends, enhancing their skills and enabling them to be trusted advisors to their clients.
Classic auto parts companies file for Chapter 11 Bankruptcy
Wheel Pros, which operates as auto parts distributor and retailer Hoonigan, filed for a prepackaged Chapter 11 bankruptcy on Sept. 9, 2024, to eliminate $1.2 billion in debt and provide about $570 million in new capital through an exit facility.
Accuride Corp., another leading manufacturer of wheels and wheel-end products for commercial trucks and trailers, filed for Chapter 11 bankruptcy protection on Oct. 9, 2024, seeking a consensual restructuring of its debt to continue operating as a going concern.
Motor vehicle parts manufacturer Hypertech Inc. and two affiliates filed for Chapter 11 bankruptcy protection on April 11, 2025, to reorganize their businesses. The Memphis, Tenn.-based manufacturer of automotive performance electronics and components filed its petition in the U.S. Bankruptcy Court for the Middle District of Tennessee, listing $1 million to $10 million in assets and liabilities.
The Shingle Springs, Calif.-based auto parts dealer filed its Subchapter V petition on May 10 in the U.S. Bankruptcy Court for the Eastern District of California, listing $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The debtor's largest creditors include the U.S. Small Business Administration, owed about $2 million; Web Bank, owed about $103,000; and U.S. Bank NA, owed about $58,000. Funds will be available to distribute to unsecured creditors after paying administrative fees, according to the petition.
Finally, Techno Toy Tuning LLC, a provider of auto parts for classic and discontinued automobile models, filed for Chapter 11 bankruptcy, seeking to reorganize its business. Techno Toy Tuning, which has operated for over 25 years, produces high-quality, durable, and aesthetically pleasing performance auto parts that are rigorously tested and have been successfully used in various motorsports, including Sports Car Club of America, National Auto Sport Association, and Formula Drift, according to its website. The auto parts dealer provides parts for classic and discontinued vehicles such as the Datsun/Nissan 240Z, 260Z, and 280Z; Toyota Celica and Supra; Lotus Elise and Exige; Chevrolet C5 Corvette; Ford Capri; Mazda RX2, RX3, RX4, and RX5; and various other models. The company can sometimes modify an existing auto parts design to meet a customer's needs if the part is no longer in production, according to its website. The company distributes products through dealers in California and Texas, and ships auto parts worldwide using FedEx and the U.S. Postal Service, through its website, Technotoytuning.com.
Source: The Street
Honda, Nissan expect to be hit hard by U.S. tariffs
Two major Japanese automakers have warned that earnings will be hit hard by U.S. tariffs, underlining the risk of an industrywide downturn that could stunt Japan’s economic recovery. Honda and Nissan Motor both expect multibillion-dollar blows from the tariffs on foreign-made cars imposed by the Trump administration in April, they said Tuesday as they reported earnings and gave dim guidance for the year ahead. Honda expects its net profit to drop 70%-to-250-billion-yen, equivalent to $1.68 billion, for the year ending March 2026. Nissan refrained from offering annual profit projections due to tariff uncertainty but guided for a ¥200 billion operating loss for the April-June quarter. Speaking at a news conference, Honda Chief Executive Toshihiro Mibe said the company has already started looking at ways to boost production capacity in the U.S. in case tariffs remain in place for a long time.
Source: The Wall Street Journal
GM suspends hydrogen fuel cell plant project in Michigan
A major investment in hydrogen fuel cell production by GM has been put on hold, according to a report in Crain’s Detroit Business. According to a source familiar with the matter, work has been paused on a $55 million joint project with supplier Piston Automotive to make hydrogen fuel cells at a Detroit facility.
The original plan was for Piston Automotive to lease and operate a 292,500-square-foot facility on the old State Fairgrounds site and create 144 jobs making hydrogen fuel cells. GM currently makes hydrogen fuel cells at a Brownstown, Michigan facility alongside other automotive components in a joint venture with Honda, but this would have been GM’s first standalone fuel cell factory.
Piston Automotive declined to comment when reached by Crain’s Detroit Business, and GM spokesman Kevin Kelly simply said that the project had not been canceled. The reported pause on the project comes at a time of uncertainty around the future of alternative fuel vehicles, given slower-than-expected EV demand and a White House that’s cutting back on incentivizing such vehicles.
This project was first announced in September 2024 with ambitions to create up to 300 jobs as production scales at the potential hydrogen fuel cell plant. “It’s great to have a new technology in the city we’re from,” GM chief economic development and real estate officer David Massaron told Crain’s Detroit Business at the time of the announcement. “To us, it’s a really exciting investment not only to the future of our company but also an investment in the city, and we’re really proud of it.”
Should it resume, the new hydrogen fuel cell facility’s strategic location will place it near key logistics hubs, including a massive 3.8-million-square-foot Amazon fulfillment center and a Target “sortation” warehouse. Piston Automotive has a history with GM. The former was previously contracted to operate a “value-added assembly” plant at the former Palace of Auburn Hills site following a major $278 million investment. The investment is expected to create 960 new jobs.
Source: GM Authority
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