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...
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...
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....
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...
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...
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...
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 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...
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...
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...