TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%

Headlines

CBT News is in the final stages of accepting nominations for its prestigious 40 Under 40 Awards, an annual recognition program sponsored by Force Marketing.

Nominate outstanding automotive leaders for CBT News’ 40 Under 40 Awards

- August 21, 2024
CBT News is in the final stages of accepting nominations for its prestigious 40 Under 40 Awards, an annual recognition program sponsored by Force Marketing. The award honors outstanding young...
GM is laying off more than 1,000 salaried employees globally within its Software and Services division following a strategic review.

GM lays off over 1,000 software and services division employees amid strategic streamlining

- August 20, 2024
General Motors (GM) is laying off more than 1,000 salaried employees globally within its Software and Services division following a strategic review to streamline operations. The cuts include approximately 600...
Republican presidential candidate Donald Trump stated that if elected, he might end the $7,500 tax credit for electric vehicles.

Trump considers ending EV tax credit, praises Musk for potential cabinet role, threatens tariffs on Mexican-made cars

- August 20, 2024
At a campaign event in Asheville, North Carolina, Republican presidential candidate Donald Trump stated that if elected, he might end the $7,500 tax credit for electric vehicle (EV) purchases. Trump...
Wholesale used-vehicle prices have risen by 0.5% from July during the first half of August, as the Manheim Used Vehicle Value rose to 202.6.

Wholesale used vehicle prices rose 0.5% in early August

- August 20, 2024
Wholesale used-vehicle prices have risen by 0.5% from July during the first half of August, as the Manheim Used Vehicle Value Index increased to 202.6. Despite the month-over-month growth, the...
Genesis is strengthening its luxury brand image in the U.S. by opening new retail facilities and launching high-performance vehicles.

Genesis expands U.S. presence and unveils high-performance EVs

- August 19, 2024
Genesis is rapidly strengthening its luxury brand image in the U.S. by opening new stand-alone retail facilities and launching high-performance vehicles. The brand recently announced the opening of 21 new...
Rivian has temporarily halted production of its Electric Delivery Vans (EDVs) for Amazon at its Normal, IL plant due to a parts shortage.

Rivian halts EDV production due to parts shortage amid scaling challenges

- August 19, 2024
Rivian has temporarily halted production of its Electric Delivery Vans (EDVs) at its Normal, IL plant due to a parts shortage. The company confirmed the pause on August 16, citing...
The DMS outage that affected sales and inventory reporting throughout the previous month continues to create volatility in the market.

DMS outage creates volatility in used vehicle market as inventory declines and prices rise

- August 19, 2024
The dealer management system (DMS) outage that affected sales and inventory reporting throughout the previous month continues to create volatility in the automotive market. As of August 1, 2024, the...
ALM and Escude Automotive Group, expanded their presence in Georgia and South Carolina by acquiring domestic and import dealerships

ALM and Escude auto groups expand with key dealership acquisitions

- August 19, 2024
In a series of significant dealership transactions, two prominent auto retailers, ALM Automotive Group and Escude Automotive Group, expanded their presence in Georgia and South Carolina by acquiring domestic and...
General Motors (GM) has announced its largest renewable energy purchase agreement to date, a 15-year deal with NorthStar Clean Energy

GM secures largest renewable energy deal to power three U.S. assembly plants

- August 16, 2024
General Motors has announced its largest renewable energy purchase agreement to date, a 15-year deal with NorthStar Clean Energy. This agreement will power three of GM's assembly plants—Lansing Delta Township...
Retail used vehicle sales saw a significant increase in July, jumping 27.6% from June, according to Cox Automotive’s vAuto Live Market data

July sees surge in retail used vehicle sales, rising 27.6% month over month

- August 16, 2024
Retail used vehicle sales saw a significant increase in July, jumping 27.6% from June, according to Cox Automotive’s vAuto Live Market View data. This surge brought the total number of...
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