TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%


Articles

used car

The current state of the used car industry—what goes up must come down

- May 12, 2022
Over the past year, the auto industry has seen massive growth in both new and used car sales, with the latter seeing some of the highest prices in history. Nevertheless, the...
Carvana

Carvana cuts 2,500 jobs after posting net loss of $506M

- May 12, 2022
In a regulatory filing this week, Carvana said that it has laid off 2,500 of its employees, accounting for 12% of its workforce. Most of the affected employees were reportedly working in...
EchoPark

Sonic Automotive opens EchoPark retail hub in Missouri

- May 12, 2022
In a press release this week, Sonic Automotive said that its EchoPark brand has now expanded into Missouri as part of its goal to have 90% coverage throughout the U.S. by 2025....
electric vehicles

How electric vehicles might affect the fixed-ops department

- May 12, 2022
Automotive News published an article a while back with the headline “Dealers, get ready for absorption rates that drop to as low as 25%” The report attempts to give auto dealers...

3 ways car dealers can prepare for Memorial Day Weekend this year

- May 11, 2022
The unofficial start to summer is Memorial Day weekend, and it tends to be one of the busiest weekends in the US for vehicle sales. Before vacationing begins, prospective buyers seek out...
EV

Stellantis CEO predicts supply issues will hinder EV transition

- May 11, 2022
Stellantis Chief Executive Officer Carlos Tavares said at a conference on Tuesday that the auto industry would likely continue to be impacted by the ongoing supply chain disruptions for a few more...
Vroom

Vroom releases Q1 Results, names new CEO

- May 11, 2022
This week, Vroom Inc. released its first-quarter results, which showed the online used car retailer outdid expectations for total sales, profit, and revenue. It also named a new Chief Executive Officer...
Tesla

Tesla issues another recall and over-the-air update

- May 11, 2022
Tesla announced this week it is recalling almost 130,000 vehicles due to issues with the central processing unit that can cause the center display to overheat and operate slowly.  Tesla’s recall notice indicated...
DeLorean

DeLorean Motor Company announces EV reveal coming later this month

- May 11, 2022
After DeLorean Motor Company initially said its new electric vehicle would be revealed during the 2022 Pebble Beach Concours d’Elegance in August, the automaker has now announced it will be showing...
Rivian

Rivian stock drops after report says Ford will sell shares

- May 10, 2022
Shares of Rivian Automotive dropped over 15% on Monday after CNBC’s David Faber posted on Twitter that Ford Motors is planning on using Goldman Sachs to facilitate the sale of 8 million of...


CBT News
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