Your #1 source for auto industry news and content

Tesla stuns with record deliveries, tides turn for Stellantis, Rivian surpasses Q2 expectations

Inside Automotive 

Joe McCabe joins Inside Automotive to discuss the car business and the developing trends which could dictate the future of retail automotive.The retail automotive landscape: ‘Not out of any woods’ — Joe McCabe | AutoForecast Solutions
Technology, shortages, and consumer demands have shaped much of today’s retail automotive landscape. As the industry closes out the second quarter and looks ahead at the remainder of the year, should dealers expect to see more of the same, or will the paradigm shift once again? On this episode of Inside Automotive, host Jim Fitzpatrick is joined by the President and CEO of AutoForecast Solutions, Joe McCabe, to discuss how the future of the car business could look. Watch the full segment here

Top stories

Tesla surpasses expectations in Q2 as electric vehicle sales and production numbers rise sharply on both a quarterly and yearly basis.Tesla’s quarterly performance once more surpassed analyst expectations, with electric vehicle sales and production numbers rising sharply on both a quarterly and yearly basis. The automaker sold a total of 466,140 units between April and June while manufacturing 479,700 electric vehicles. Both numbers represent significant improvements over the same period in 2022, during which Tesla delivered 254,695 EVs and built 258,580. Read More

ellantis saw higher year-over-year sales in the second quarter on the backs of higher demand and a strong showing from its dealers.Stellantis saw higher year-over-year sales in the second quarter on the backs of higher demand in the U.S. and a strong showing from its dealers. The automaker’s sales rose 6% from the prior-year period, hitting 434,648 units in June. Across its brands, Dodge saw the greatest improvement in terms of sales, growing 37% year-over-year. Read More

Rivian deliveries
Image Source: CNBC | Justin Sullivan | Getty Images

After learning that it had delivered 12,640 electric vehicles in its second quarter, above Wall Street projections, Rivian’s stock rose more than 14% on July 3, 2023. The quarterly delivery numbers are encouraging for the EV startup, which has struggled to raise output due to supply chain disruptions and intense competition from market leader Tesla. Read More

Toyota BEVOn July 4, in Tokyo, Toyota held its annual General Shareholders’ Meeting, with a good portion devoted to its electrification strategy.Toyota’s newly established EV division, BEV Factory, attracted a lot of attention since the market has placed great expectations on BEVs as a vital choice for attaining carbon neutrality. Read More

For Dealers 

There are digital tools for every process or function you at your dealership. However, it's crucial to ensure they are worth the investment.5 digital tools every modern dealership needs to drive sales success
Adding new digital tools to your dealership strategy mix can feel overwhelming and time-consuming. Things like price constraints, learning curves, and whether or not the software can make a difference can impact your decision. Read More

There’s more to social media than Instagram, Twitter, and TikTok. Platforms like Facebook, Reddit, and Quora also have groups ideal for social selling.4 worthwhile social selling methods for dealership sales staff
While social media platforms are pervasive in today’s society, using them effectively for business is equal parts art and science. This is especially true with car dealers that often underuse these potential gold mines. If your dealership’s typical social media posts consist of announcing vehicle arrivals and highlighting key handovers to customers, it’s time to reinforce these efforts with social selling. Read More

Stay up to date on exclusive content from CBT News by following us on Facebook, Twitter, Instagram and LinkedIn.

Don’t miss out! Subscribe to our free newsletter to receive all the latest news, insight and trends impacting the automotive industry.

CBT News is part of the JBF Business Media family.
CBT News
CBT News
For over 10 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

Related Articles

Latest Articles

From our Publishing Partners