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

Electric vehicle startup Fisker has announced updates to the upcoming Ronin super GT, unveiled earlier this month.

Fisker unveils price tag, limited release for Ronin super GT electric vehicle

- August 11, 2023
Electric vehicle startup Fisker has announced updates to the upcoming Ronin super GT, unveiled earlier this month. The Ronin super GT, tagged as "the world's most sustainable supercar," is a five-seat...
Articles Headlines
New car supply dipped slightly in July as improved manufacturing and higher demand allowed dealers to sell more vehicles at higher prices.

New car supply sees slight decline in July as demand remains strong

- August 11, 2023
New car supply dipped slightly in July as improved manufacturing, higher demand and ongoing scarcity allowed dealers to sell more vehicles at higher prices. According to a Cox Automotive report, dealership...
Articles Headlines

Dealerships embrace AI for loans, yet crave in-person sales impact

- August 11, 2023
Auto lending is a process that is becoming more automated, and dealership finance teams are generally in favor of using new technologies like AI to determine the loan allocation process....
Headlines Articles
A Lincoln car dealership provided school supplies to 40 teachers in Lancaster County, Pennsylvania.

Lincoln dealership donates school supplies to teachers in Lancaster, P.A.

- August 11, 2023
A Lincoln car dealership provided school supplies to 40 teachers in Lancaster County, Pennsylvania. Recipients include teachers from Norristown, Malcolm, Waverly, and Lincoln schools.  A few weeks ago, Anderson Mazda of...
Headlines Articles
This week: Bill Ussery Motors sells dealerships for $150M, Rivian's Q2 gains, UAW President challenges Stellantis, and more automotive news.

Weekly roundup: UAW President blasts Stellantis for ‘trash’ proposal, Mercedes-Benz dealerships sell for $150M

- August 11, 2023
Earlier this week: Bill Ussery Motors sold its Mercedes-Benz dealerships in Cutler Bay and Coral Gables to affiliates of Dream Motor Group, for a listed transaction value of $150 million....
Articles Headlines
Credit access improved in July to the highest point since March, when several bank failures caused lenders to adopt restrictive policies.

Car buyers see credit access improve in July as loan approvals rise

- August 10, 2023
Car buyers saw credit access improve in July to the highest point since March, when the collapse of several banks caused lenders to adopt restrictive policies. Cox Automotive's Dealertrack Credit Availability...
Articles Headlines
OEM executives believe that the COVID pandemic has created a new normal for certain aspects of the car market.

OEM executives see new normal for pricing, sales model in survey

- August 10, 2023
OEM executives believe that the COVID pandemic has created a new normal for certain aspects of the car market, according to a survey conducted by mergers and acquisitions firm Kerrigan...
Articles Headlines
Steve Fox is making a significant contribution to his commitment, donating $25 million to Texas Tech University to help staff a planned cancer treatment facility in El Paso.

Car dealer donates $25 million to establish cancer center at Texas Tech

- August 10, 2023
El Paso car salesman Steve Fox claimed he negotiated the deal of his life when he was diagnosed with severe tongue and throat cancer more than 20 years ago. Steve...
Headlines Articles

Mercedes-Benz dealerships owned by Bill Ussery sell for $150 million

- August 10, 2023
Bill Ussery Motors has sold its Mercedes-Benz of Cutler Bay and Mercedes-Benz of Coral Gables dealerships for a total of $150 million.  The price of the actual estate is reflected in...
Headlines Articles
Shawn Fain, president of the UAW, denounced an agreement offered by Stellantis amidst ongoing talks over union pay and benefits.

UAW president Fain denounces Stellantis proposal amidst negotiations

- August 9, 2023
Shawn Fain, president of United Auto Workers (UAW), denounced an agreement offered by Stellantis amidst ongoing contract negotiations between Detroit automakers and union representatives. In its proposal, Stellantis sought terms that...
Articles Headlines

Latest Articles

CBT News heads to Washington, D.C., to host Auto Leadership Summit
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CBT News heads to Washington, D.C., to host Auto Leadership Summit

TrueCar says it will now include mandatory dealer fees in advertised vehicle prices, exceeding FTC standards.
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TrueCar gets ahead of FTC compliance, folds dealer fees into upfront pricing

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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