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Conflicting views on US auto recovery as unemployment up, sales up

The Associated Press posted Thursday that the number of unemployment benefit applicants rose by 898,000 last week. That’s the highest number reported in the past two months, and it’s a step backward in the effort to regain the 22 million jobs lost due to the pandemic. In stark contrast, weekly sales data from LotLinx shows […]
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Tesla inches near annual sales goal on record-setting Q3

On Friday, Tesla issued their Q3 report on production and sales for 2020. Overall, the EV automaker announced in a news release that they...

Auto industry leaders sue US over Chinese import tariffs

Lawsuits have been filed with the Court of International Trade by four carmakers to recoup reimbursement for duties paid on car parts imported from...

Edmunds forecasts a ‘roaring comeback’ for auto sales in third quarter

Retail auto sales will be a turning point for the industry in the third quarter, according to a press release from Edmunds.com. As Q3...

The challenge is on for franchised dealers as Vroom, Carvana stock ratings upgraded

On Tuesday, Goldman Sachs upgraded online auto retailers Vroom Inc and Carvana Co from ‘Hold’ to ‘Buy’ status and raised the price targets for both companies....

Low fuel prices here to stay, according to AAA report

A report from the American Automobile Association on September 8, the average gas price nationally between Memorial Day and Labor Day was $2.15 per...

Trump vs. Biden: What Are their Plans for the Auto Industry?

The American election is coming on November 3rd, just ten weeks away, and polls are very close between the Trump-Biden camps, according to CNN’s...

GNYADA President Mark Schienberg Says Mayor Bill de Blasio ‘completely out of step’ with NYC Business Community

Recently, New York City mayor Bill de Blasio made some controversial statements regarding his feelings on the future of automotive consumerism in his city,...

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