TSLA388.900-3.05%
GM78.0500.27%
F12.435-0.275%
RIVN16.8900.48%
CYD42.3200.03%
HMC24.3600.1%
TM212.860-0.32%
CVNA362.240-8.84%
PAG156.0200.89%
LAD274.8700.39%
AN198.2902.48%
GPI335.4802.75%
ABG204.0901.55%
SAH67.3701.48%
TSLA388.900-3.05%
GM78.0500.27%
F12.435-0.275%
RIVN16.8900.48%
CYD42.3200.03%
HMC24.3600.1%
TM212.860-0.32%
CVNA362.240-8.84%
PAG156.0200.89%
LAD274.8700.39%
AN198.2902.48%
GPI335.4802.75%
ABG204.0901.55%
SAH67.3701.48%
TSLA388.900-3.05%
GM78.0500.27%
F12.435-0.275%
RIVN16.8900.48%
CYD42.3200.03%
HMC24.3600.1%
TM212.860-0.32%
CVNA362.240-8.84%
PAG156.0200.89%
LAD274.8700.39%
AN198.2902.48%
GPI335.4802.75%
ABG204.0901.55%
SAH67.3701.48%


Automotive News

Daily Newscast

New vehicle transaction prices decline, Treasury’s new EV credit process, Sonic Automotive doubles annual profit

- February 15, 2024
Executive Profile  The Executive Profile: What's next for dealer and philanthropist Rita Case? Welcome to another edition of the Executive Profile on CBT News. Recently, anchor Jim Fitzpatrick traveled to Davie, Florida,...
Group 1 owns and operates 198 automotive dealerships, 262 franchises, and 43 collision centers in the United States and the United Kingdom.
Daily Automotive News

Group 1 Automotive supercharges Mid-Atlantic footprint with latest acquisition

- February 14, 2024
Group 1 Automotive, one of the nation's largest auto retailing groups, announced today that it is expanding its U.S. portfolio in the greater Baltimore/Washington D.C. area, according to a press...
Daily Newscast

Vehicle price growth cools, Chrysler unveils Halcyon concept, Stellantis adopts NACS charging

- February 14, 2024
Top stories New vehicle prices remain higher than normal, averaging 7.2% above MSRP in January 2024, but price growth has started to cool in the face of improved supply levels and...
Daily Newscast

Vandals set fire to Waymo robotaxi, vehicle financing trends, Rivian slashes R1T, R1S prices

- February 13, 2024
Inside Automotive  How this independent dealership prioritizes affordability and beats the odds – Scott Dooley | Carbox Independent car dealers are essential in offering diverse and personalized experiences to consumers. However, they...
Serra Automotive is set to buy the Bill Marsh Auto Group later this year, marking one of the most high-profile acquisitions in the industry.
Daily Automotive News

Why dealership groups are prioritizing M&A in 2024 — Joe Serra, Matt Serra | Serra Automotive

- February 12, 2024
Serra Automotive, ranked number 12 out of the top dealership groups in the U.S. and number 6 out of the top privately held groups, is set to close on its...
Daily Newscast

Car prices freeze, EV sales surge, cost of new Tesla battery

- February 12, 2024
Inside Automotive Why dealership groups are prioritizing M&A — Joe Serra, Matt Serra | Serra Automotive Serra Automotive, ranked number 12 out of the top dealership groups in the U.S. and number...
Karl Brauer joins Inside Automotive to share his insights into the difficulties facing Tesla after its earnings disappointed investors.
Daily Automotive News

Are the tables turning on Tesla? — Karl Brauer | iSeeCars.com

- February 9, 2024
Tesla broke sales records in 2023 but struggled to maintain profits as a series of aggressive price cuts failed to spur adequate demand. With the company's fourth-quarter earnings dropping 40%...
Daily Newscast

VW workers seek to unionize, Honda ups profit forecast, Hyundai sues over new dealership

- February 9, 2024
Inside Automotive Are the tables turning on Tesla? — Karl Brauer | iSeeCars.com Tesla broke sales records in 2023 but struggled to maintain profits as a series of aggressive price cuts failed...
Todd Berko joins Driving Solutions to offer an insider perspective into the dealership M&A market and how valuations are critical to success.
Daily Automotive News

A closer look at the dealership M&A valuations process — Todd Berko | Bel Air Partners

- February 8, 2024
The dealership M&A (mergers and acquisitions) market can be confusing to navigate. Knowing the technical aspects of valuations and buy-sell transactions is crucial to obtaining a good deal for your...
Explore the seismic shift in the auto sales landscape as luxury vehicles become increasingly reserved for the top income earners.
Daily Automotive News

The high-income club’s grip on auto sales

- February 8, 2024
The auto sales landscape is undergoing a seismic shift. In April of last year, CBS Detroit reported that Jonathan Smoke, chief economist at Cox Automotive, says new car sales are increasingly...


Latest Articles

TrueCar achieves profitability and calls for a new standard in automotive pricing
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Stellantis, Microsoft deepen alliance to supercharge AI and cybersecurity capabilities 
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Pentagon boosts weapons production with automakers, Ford unifies EV strategy, Tesla outlook improves

Pentagon taps automakers to boost weapons production capacity
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Ford creates unified product organization to accelerate EV, software rollout and margin goals
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Tesla outlook strengthens as software updates fuel investor confidence
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New-vehicle affordability improves for fifth straight month
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New-vehicle affordability improves for fifth straight month

Auto retail holds firm as Kerrigan flags geopolitical pressure, policy resets and M&A surge
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Paul Brown, Vice President of Ascent Dealer Services, explains how negative equity affects trade-in values and how dealerships can protect themselves and customers with gap insurance.
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The key to closing deals underwater

CarMax shares fall 14% as new CEO Keith Barr unveils turnaround plan focused on lower-priced vehicles amid softening consumer demand.
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CarMax pivots to lower-priced vehicles as investors remain skeptical


CBT News
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