TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%

Headlines

Used vehicle prices at auction declined in the first two weeks of April as sales cooled off from a tax-season-fueled surge.

Wholesale used vehicle prices slip in early April as sales pace slows

- April 18, 2024
Used vehicle prices at auction declined again in the first half of April as the average pace of sales slowed following a burst of demand in March. The total month-over-month decline...
Rivian is planning to reduce employment by a further 1% by the end of the year in an effort to increase profitability. 

Rivian announces second round of layoffs to boost profitability

- April 18, 2024
Rivian, the EV startup, is taking drastic measures to boost its profitability. The company is implementing a second round of layoffs this year, which, although it only accounts for a...
Tesla share prices continued to decline this week as shareholders grow increasingly worried over the company's future.

Tesla share price continues to plunge as Q1 earnings report looms

- April 17, 2024
Tesla share prices continued to fall this week after a leaked internal memo indicated the company planned to lay off more than 10% of its global workforce, dragging the brand's...
The recent uptake of cars based on hydrogen fuel cell technology is declining in the United States, especially in California.

Hydrogen fuel cell car sales plummet amidst stiff competition from EVs

- April 17, 2024
The recent uptake of cars based on hydrogen fuel cell technology is declining in the United States, especially in California, where the availability of series-produced models is high. The Hydrogen Fuel...
In this week's top automotive stories, Tesla plans to lay off 10% of its workforce and Mexico refuses to give Chinese car makers incentives.

Governors share anti-union statement ahead of key VW vote

- April 17, 2024
Republican governors from six states have issued a statement warning residents against unionization as employees at Volkswagen's Tennessee plant prepare for a vote to decide whether they will join the...
Honda, gas-powered

NHTSA investigates over 3 million Honda vehicles after 47 crashes reported

- April 17, 2024
On April 17, the U.S. National Highway Traffic Safety Administration (NHTSA) made a significant announcement. It revealed that it had escalated its investigation into a serious issue- the abrupt activation...
EV startup Fisker expands dealer network to improve finances. New dealer in Miami and Europe added after price cut for Ocean electric SUV.\

Fisker expands dealer network after Ocean electric SUV price cuts

- April 16, 2024
California-based electric vehicle (EV) startup Fisker is seeking to improve its financial situation by expanding its dealer network. The company has recently recruited a new dealer in Miami and several...
General Motors plans to abandon its home since 1996 but will keep its headquarters in Detroit.

General Motors to move headquarters next year after almost 3 decades

- April 16, 2024
General Motors will move its headquarters from its home of nearly 30 years to the new Hudson's Detroit building located on Woodford Avenue. The move is scheduled to take place over...
Cars.com 2024 list of best-value new cars has been updated to include a wider range of vehicles, such as compact cars & various SUV sizes.

New-car inventory rises and best-value cars for 2024 revealed, Cars.com report

- April 16, 2024
According to the most recent Cars.com report, new-car inventory is on the rise—particularly in the under $30,000 segment—marking a significant recovery. Vehicles now average 65 days on the market, more...
Used car sales surged ahead of other segments in March as buyers hunted for budget-friendly options in today's challenging market.

Used car sales skyrocket in March as consumers hunt for deals

- April 16, 2024
Used car demand rapidly outpaced other segments in March, resulting in the highest retail sales volume in two years. According to Cox Automotive, dealers sold a combined 1.66 million used cars...
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