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

Two top OEM executives see strong U.S. consumer demand for new vehicles

- June 16, 2023
According to two prominent OEM executives, the demand for new vehicles from retail and commercial consumers in the U.S. is stronger than expected. Encouraging remarks from General Motors Chief Financial Officer...
Headlines Articles
Mercedes-Benz, Microsoft

Microsoft and Mercedes-Benz reveal plans to test ChatGPT in cars

- June 16, 2023
On June 15, German automaker Mercedes-Benz and Microsoft are partnering to test in-car ChatGPT artificial intelligence, which will be available to more than 900,000 vehicles in the U.S.  The luxury automaker...
Headlines Articles
Stellantis CEO Carlos Tavares

Stellantis invests $325 million into 10 sustainable mobility startups

- June 16, 2023
Stellantis Ventures, the investment arm of the automotive giant, has made significant financial commitments to fuel the growth of 10 startups and a mobility venture capital fund. These investments account...
Articles Headlines

Cavender Auto Group launches program to donate vehicles to active-duty military

- June 16, 2023
Cavender Auto Group, located near Shavano Park, Texas, is demonstrating its support for the U.S. military through a new initiative. The program involves donating a brand-new car every quarter to...
Headlines Articles
GM

Weekly roundup: GM’s new EV battery plant, direct-to-consumer sales banned in Florida, and Lithia acquisition

- June 16, 2023
Earlier this week: General Motors announced that it will follow Ford's lead and adopt Tesla's North American Charging Standard. Florida Governor and presidential hopeful Ron DeSantis signed a state bill...
Daily Automotive News Articles
To further support affordability, median income experienced a growth of 0.3% during May. Manufacturers also offered increased incentives to entice buyers.

New vehicle affordability improved in May despite higher prices and interest rates

- June 15, 2023
In May, the affordability of new vehicles experienced a slight improvement compared to previous months, according to new data from Cox Automotive. This positive trend was primarily driven by solid...
Headlines Articles
TrueCar appointed Jantoon Reigersman as its new CEO to turn around the struggling vehicle listings company as part of a restructuring plan.

TrueCar replaces CEO, cuts 102 positions as part of restructuring plan

- June 15, 2023
On June 12, the Santa Monica, California-based business said it would eliminate 102 jobs or 24% of its workforce. TrueCar is also appointing COO Jantoon Reigersman as its new CEO...
Headlines Articles
On June 13, Lithia grew its portfolio in a significant way by announcing the purchase of 13 locations from the Priority Automotive Group.

Lithia expands footprint with acquisition of 13 Priority Automotive stores

- June 15, 2023
On June 13, Lithia and Driveway announced its plans to grow its dealership footprint with the purchase of 13 locations from the Priority Automotive Group in Virginia, which expands its...
Headlines Articles
According to the U.S. Commerce Department, sales rose 0.3% rise from April to May, driven by stronger retail sales at auto and parts dealers.

Retail sales rose 0.3% in May, beating analyst expectations

- June 15, 2023
Despite the challenges posed by persistent inflation and rising borrowing costs, Americans increased their spending at retailers in the month of May. According to the latest U.S. Commerce Department report released...
Articles Headlines
A study published on Tuesday, June 13, by AAA found sizable differences in an electric vehicle's driving range based on cargo weights.

AAA study finds EV driving range limited by heavy cargo

- June 14, 2023
A study published on Tuesday, June 13, by the American Automobile Association (AAA) found sizable differences in an electric vehicle's driving range based on cargo weights. Using a 2022 Ford F-150 Lightning, AAA researchers loaded...
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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S&P Global Mobility opens FeeSync to entire automotive industry at no cost, establishing first-of-its-kind dealer fee transparency infrastructure

EV fee bill sparks backlash, Stellantis outlines U.S. turnaround, Nissan boosts retail share
Latest Articles 05/19/26

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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House bill targeting EV and PHEV owners sparks environmental backlash

Stellantis CEO Antonio Filosa to unveil turnaround strategy focused on U.S. recovery
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Stellantis CEO Antonio Filosa to unveil turnaround strategy focused on U.S. recovery

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
Latest Articles 05/19/26

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.
Latest Articles 05/19/26

How AI is reshaping used-vehicle sales and sourcing as inventory hits historic lows

CBT News
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