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

According to Automotive News, Dream Motor Group has expanded into South Florida by acquiring two Mercedez-Benz dealerships

Nick Saban’s Dream Motor makes $700 million move to Florida

- November 9, 2023
Dream Motor Group has expanded into South Florida by acquiring two Mercedes-Benz dealerships in a deal worth roughly $700 million.  Dream Motor Group is owned by University of Alabama football coach...
Consumer behavior trends seemed to contradict automaker expectations in CarGuru's October intelligence report.

CarGurus report highlights disconnect in consumer behavior, OEM forecasts

- November 8, 2023
Consumer behavior trends seemed to contradict narratives set by automotive industry leaders throughout October, according to a new intelligence report by CarGurus. October presented challenges and even setbacks for many automakers,...
Rivian reported its Q3 results beating expectations and offered an improved outlook, including an increase in its annual production target

Rivian trims losses in Q3 and boosts production targets

- November 8, 2023
EV manufacturer, Rivian reported its third-quarter results beat Wall Street expectations and offered an improved outlook, which includes an increase in its annual production target by  2,000 vehicles to 54,000...
On November 9, President Joe Biden will meet with the head of the United Auto Workers union, Shawn Fain, in Belvidere, Illinois.

Biden to meet UAW President as strike nears end: What this means for the industry

- November 8, 2023
On November 9, President Joe Biden will meet with the head of the United Auto Workers union, Shawn Fain, in Belvidere, Illinois, where the two are scheduled to discuss plans...
CEO Mary Barra said, "Safety remains the top priority as Cruise demonstrates what autonomous vehicles can provide to society."

General Motors faces scrutiny over Cruise autonomous van

- November 7, 2023
Following a month-long incident wherein the California Department of Motor Vehicles (DMV) withdrew autonomous vehicle firm Cruise's robotaxi permits and suspended all operations, company CEO Kyle Vogt called an all-hands...
Fleet sales declined year-over-year in October for the first time in 2023 but came in above September's total.

Fleet sales take first hit in 2023 during UAW strike

- November 7, 2023
In a first for 2023, fleet sales dipped in October due to production halts caused by the United Auto Workers strike, according to Cox Automotive. Fleet sales declined 10.4% from October...
Stellantis revealed its "Game-changing" Ram 1500 Ramcharger that's equipped with an electric generator and a gas engine.

Stellantis unveils ‘game-changing’ EV Ram pickup with gas-powered generator

- November 7, 2023
Stellantis has revealed its "Game-changing" Ram 1500 Ramcharger, equipped with an electric generator and a gas engine, which will be available for sale in late 2024.  The truck can run as...
Dealership valuations remain optimistic but a growing number of retailers are starting to feel less confident toward the coming months.

Dealership valuations remain strong but forecasts starting to weaken

- November 6, 2023
Most auto retailers have remained confident in their dealership valuations throughout the 2023 buy-sell market, but a growing number are starting to feel less certain due to demand and profit-margin...
The Volvo five-passenger EX30 may be the first electric vehicle to reach America's mass market and will arrive in U.S. Dealerships by 2025.

Volvo unveils game-changing EX30 SUV for $35K, set to debut in 2025

- November 6, 2023
The Volvo five-passenger EX30 may be the first electric vehicle to reach America's mass market. The Swedish luxury brand’s small SUV will arrive in U.S. dealerships by early 2025.  The EX30...
The United Auto Workers has revealed that GM will invest $13 billion into its facilities and raise wages by 27% under its new contract.

United Auto Workers shares updates on General Motors contract

- November 6, 2023
United Auto Workers leaders on Saturday detailed the union's tentative agreement with General Motors, the last of the Detroit-Three automakers to reach a deal. According to the UAW's announcement, General Motors...
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