U.S. new-car dealerships increase in 2024, while franchises decline
The number of new-car dealerships in the U.S. increased by nearly 1% in 2024, reaching a total of 18,311 as of January 1, according to the 2025 Automotive News Dealer...
TSLA398.500-5.32%
GM88.340-1.6%
F12.300-0.3%
RIVN13.2900.1%
CYD22.1900.16%
HMC33.990-0.3%
TM193.000-2.83%
CVNA71.280-0.72%
PAG212.210-1.04%
LAD298.770-10.89%
AN178.510-7.39%
GPI265.010-4.78%
ABG197.770-8.9%
SAH60.680-2.93%
TSLA398.500-5.32%
GM88.340-1.6%
F12.300-0.3%
RIVN13.2900.1%
CYD22.1900.16%
HMC33.990-0.3%
TM193.000-2.83%
CVNA71.280-0.72%
PAG212.210-1.04%
LAD298.770-10.89%
AN178.510-7.39%
GPI265.010-4.78%
ABG197.770-8.9%
SAH60.680-2.93%
TSLA398.500-5.32%
GM88.340-1.6%
F12.300-0.3%
RIVN13.2900.1%
CYD22.1900.16%
HMC33.990-0.3%
TM193.000-2.83%
CVNA71.280-0.72%
PAG212.210-1.04%
LAD298.770-10.89%
AN178.510-7.39%
GPI265.010-4.78%
ABG197.770-8.9%
SAH60.680-2.93%
Headlines
Tesla’s stock continues to dip sparking investor concerns
Tesla has lost almost all of its post-election gains as shares decline for the seventh consecutive week, marking the longest downturn in its 15-year history as a public entity. Last...
Ford expands auto technician scholarships with $4M investment amid shortage
Ford Philanthropy and Ford Dealers have announced a $4 million investment in their automotive technician scholarship program, aiming to address the growing national shortage of skilled workers.
The initiative will...
Toyota extends production halt following fatal supplier incident
Toyota has temporarily suspended production at multiple facilities following a fatal explosion at a key supplier’s plant in Aichi Prefecture, Japan. The March 6 blast at Chuo Spring's Fujioka plant...
Manheim used vehicle value index drops in February as market sees mixed trends
According to the latest Cox Automotive Manheim Used Vehicle Value Index (MUVVI), wholesale used vehicle prices declined in February compared to January on a mix, mileage, and seasonally adjusted basis....
NADA requests VW to reevaluate Scout’s direct-to-consumer sales strategy
The National Automobile Dealers Association (NADA) recently sent a letter to Volkswagen Group CEO Oliver Blume and other executive board members. In the letter, Stanton urges them to reconsider Scout...
Tesla aims to boost struggling Cybertruck sales with discounted financing
Tesla is offering discounted financing on its Cybertruck as demand for the electric pickup falls short of expectations. For a limited time, Tesla is offering a 1.99% APR for well-qualified...
BYD eyes EV dominance, sees cooperation with Tesla as key
BYD, the Chinese electric vehicle giant, has rapidly grown into a dominant force in the automotive industry, challenging legacy automakers and rivaling Tesla in global EV sales. While Tesla is...
Nissan board to meet March 11 to discuss CEO Makoto Uchida’s fate
Nissan's board will meet on March 11 to discuss potential successors for CEO Makoto Uchida, whose leadership has come under fire due to the automaker's deteriorating performance.
Among the candidates under...
UAW workers at Ultium Cells secure first contract with significant benefits
Nearly 1,000 United Auto Workers (UAW) members at Ultium Cells’ Tennessee battery plant have overwhelmingly approved their first contract, securing better wages, benefits, and workplace protections.
The agreement builds on...
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