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

Multiple automakers are signaling the return of incentives as they consider options to address rampant unaffordability in the car market

OEMs actively discussing affordability, expect to see discounts and incentives

- May 12, 2023
Multiple automakers are signaling the return of incentives as they consider options to address rampant unaffordability in the current car market. In comments made to WardsAuto, Ford's chief financial officer John...
Earlier this week: Tesla broke ground on its brand new lithium refinery, Group 1 buys three stores, and more auto industry news headlines.

Weekly roundup: Carvana’s Q1 results, Tesla’s new lithium refinery, Group 1 acquisitions

- May 12, 2023
Earlier this week: Tesla CEO Elon Musk was joined by Texas Governor Greg Abbott during a ground-breaking ceremony for a brand new lithium refinery, Ford CEO Jim Farley confirms Apply...
Sierra club

Why it’s challenging to find EVs at a dealership right now

- May 11, 2023
In today's market, finding an EV in dealers' stock to test-drive and buy is tricky. On May 8, the Sierra Club revealed its latest nationwide study of the EV shopping...
Rivian

Rivian slows Q1 losses, eyes profitability by 2024

- May 11, 2023
Rivian ended the first quarter with a smaller loss than last year thanks to greater revenue and successful cost-cutting measures. The electric vehicle manufacturer saw quarterly revenue of $661 million, $8.9...
Toyota saw quarterly profits push past the previous year's number but failed to prevent an annual loss due to the rising costs of materials

Toyota forecasts higher profits in 2024 buoyed by EVs and increased production

- May 11, 2023
Toyota saw quarterly profits push past the previous year's number but failed to prevent an annual loss due to the rising costs of materials. The automaker saw global net income reach...
To support local mothers in need, Gentle Love Diaper Pantry is teaming up with Monaco Ford, to host "Blooming Love for Moms" diaper drive

Monaco Ford and Gentle Love Diaper Pantry team up for Mother’s Day donation drive

- May 11, 2023
Each year, Mother's Day serves as an opportunity to honor, love, and highlight the role and contributions of mothers and mother figures in the community. To support local mothers in...
Dealer sentiments improved substantially over the previous quarter, driven by unexpectedly high sales and revenue

Dealer sentiments improve for Q2, even as costs, prices worsen

- May 10, 2023
Dealer sentiments improved substantially over the previous quarter, driven by unexpectedly high sales and revenue. Cox Automotive tracks retailer outlooks through its Dealer Sentiment Index, periodically measuring attitude changes over the...
Baumann Auto Group's Big Charity Raffle features a grand prize of a new car and, so far, has raised $1,183,997 to date.

Baumann Auto Group is hosting its 21st Annual Big Charity Raffle

- May 10, 2023
Nineteen local charities have benefited from Buck Baumann's generosity and community support for the past two decades. Recently, the company kicked off its 21st annual Baumann Auto Group big charity...
2024 Ford Ranger Raptor

Ford’s redesigned 2024 Ranger pickup arrives in North America

- May 10, 2023
Ford has debuted a redesigned version of its popular midsize pickup, the Ranger, for the model year 2024. Engineers have undertaken a complete overhaul of the Ranger implementing significant improvements that...
Beck & Masten Buick-GMC

Group 1 brings three new dealerships on board, expands Texas presence

- May 10, 2023
Group 1 Automotive revealed the acquisition of three dealerships in Texas on May 8, 2023, as it continues to ramp up its growth efforts. In a press release, the auto group...
CBT News
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