New car supply rises in August but faces United Auto Workers disruption
New car supply rose in August to its highest point since April 2021, but an increasingly probable strike by the United Auto Workers union threatens to undo this progress in...
TSLA397.4506.61%
GM86.250-2.65%
F11.920-0.33%
RIVN12.800-0.74%
CYD21.150-0.68%
HMC33.5300.18%
TM209.680-3.32%
CVNA70.840-3.03%
PAG213.250-0.98%
LAD297.170-15.08%
AN180.510-6.7%
GPI257.290-12.98%
ABG199.610-8.33%
SAH60.180-3.05%
TSLA397.4506.61%
GM86.250-2.65%
F11.920-0.33%
RIVN12.800-0.74%
CYD21.150-0.68%
HMC33.5300.18%
TM209.680-3.32%
CVNA70.840-3.03%
PAG213.250-0.98%
LAD297.170-15.08%
AN180.510-6.7%
GPI257.290-12.98%
ABG199.610-8.33%
SAH60.180-3.05%
TSLA397.4506.61%
GM86.250-2.65%
F11.920-0.33%
RIVN12.800-0.74%
CYD21.150-0.68%
HMC33.5300.18%
TM209.680-3.32%
CVNA70.840-3.03%
PAG213.250-0.98%
LAD297.170-15.08%
AN180.510-6.7%
GPI257.290-12.98%
ABG199.610-8.33%
SAH60.180-3.05%
About: CBT News Staff Writer
Auto loans more available in August, but credit access still restricted
Auto loans were easier to obtain in August, according to the latest credit availability data from Cox Automotive.
Overall loan access improved from July by 1.8%, pushing credit availability scores to...
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Asbury Automotive Group today announced plans to acquire Jim Koons Automotive Companies, making it the largest acquisition to be seen in the dealership buy-sell market since 2021. The transaction will...
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Asbury Automotive Group has agreed to purchase Jim Koons Automotive Companies, marking the first dealership group merger of this size since 2021.
According to a press release, the transaction will integrate...
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The number of franchised minority dealers increased by more than 100 for the second consecutive year in 2022, bringing the national total to 1,476 minority-owned storefronts. That data arrives courtesy...
Dealers to get pre-approvals, instant transfers for electric vehicle tax credits
The U.S. Treasury Department has announced upcoming revisions to its electric vehicle tax credit guidelines that will add new ways for dealers to collect payments from car buyers.
The news was...
United Auto Workers makes progress in Ford, GM, Stellantis talks
The United Auto Workers (UAW) union has submitted a counterproposal to Ford after rejecting the automaker's initial offer over the Labor Day weekend.
The proposal is the first sign of progress...
Lordstown Motors moves to exclude Foxconn from bankruptcy payout
Electric vehicle brand Lordstown Motors is seeking to preempt former business partner and Taiwanese tech manufacturer Foxconn from earning profits through the sale of assets, according to a bankruptcy court...
Car market update: customer pain points and inventory instability — Jessica Caldwell | Edmunds
Dealers across the U.S. are doing their best to keep up as the new car market heads in unpredictable directions. But with both external and internal factors in constant flux,...
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