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

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...
Articles Headlines
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...
Headlines Articles
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...
Headlines Articles
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...
Articles Headlines
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...
Articles Headlines
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...
Articles Headlines
New car prices declined slightly in March due to recoveries in inventory and incentive levels, but failed to boost monthly sales.

Average new car prices dip in March, but affordability remains distant

- April 15, 2024
New car prices dipped again in March amidst a resurgence in inventory and manufacturer incentives. Kelley Blue Book data indicates the average new car transaction price dipped 1% on a monthly...
Articles Headlines
Dealers have received reimbursement from point-of-sale customer EV tax credit payments in advance, according to a Treasury report.

Treasury reports U.S. auto dealers get $580M in advance EV tax credit payments

- April 15, 2024
Since January 1, auto dealers have received reimbursement from the U.S. government for nearly $580 million in advance point-of-sale customer electric vehicle (EV) tax credit payments, according to a Treasury...
Articles Headlines
A government report revealed that consumer inflation remained high last month due to increased interest rates and hiked insurance premiums

Inflation may affect interest rate cuts due to high auto insurance and gas prices

- April 15, 2024
A government report released on April 10 revealed that consumer inflation remained high last month due to increased expenses such as gas prices, rent, and auto insurance premiums. This data...
Headlines Articles
An internal memo indicates that Tesla is planning to cut 10% of its global workforce following a slowdown in electric vehicle sales.

Tesla to lay off thousands of employees worldwide after Q1 sales disappoint

- April 15, 2024
Tesla plans to lay off more than 10% of its employees worldwide, according to an internal memo leaked earlier today. In the document, Tesla CEO Elon Musk wrote, "As we prepare...
Articles Headlines

Latest Articles

CBT News heads to Washington, D.C., to host Auto Leadership Summit
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TrueCar says it will now include mandatory dealer fees in advertised vehicle prices, exceeding FTC standards.
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Elon Musk predicts self-driving domination within a decade as Tesla, Waymo face new recalls
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S&P Global Mobility opens FeeSync to entire automotive industry at no cost, establishing first-of-its-kind dealer fee transparency infrastructure
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EV fee bill sparks backlash, Stellantis outlines U.S. turnaround, Nissan boosts retail share
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EV fee bill sparks backlash, Stellantis outlines U.S. turnaround, Nissan boosts retail share

House bill targeting EV and PHEV owners sparks environmental backlash
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Stellantis CEO Antonio Filosa to unveil turnaround strategy focused on U.S. recovery
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Nissan says dealer-focused strategy
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Nissan says dealer-focused strategy boosted retail market share

Rising gas prices push shoppers toward hybrids and used vehicles
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Rising gas prices push shoppers toward hybrids and used vehicles

Cox Automotive's Derek Hansen talks about how AI is reshaping used-vehicle sales and sourcing as inventory hits historic lows.
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How AI is reshaping used-vehicle sales and sourcing as inventory hits historic lows

CBT News
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