TSLA328.5809.05%
GM87.5800.64%
F13.9800.19%
RIVN16.0000.62%
CYD47.320-1.41%
HMC31.8201.09%
TM190.0902.6%
CVNA70.8502.51%
PAG216.4100.01%
LAD375.6300.55%
AN209.230-2.1%
GPI266.470-4.35%
ABG214.320-1.67%
SAH82.440-2.45%
TSLA328.5809.05%
GM87.5800.64%
F13.9800.19%
RIVN16.0000.62%
CYD47.320-1.41%
HMC31.8201.09%
TM190.0902.6%
CVNA70.8502.51%
PAG216.4100.01%
LAD375.6300.55%
AN209.230-2.1%
GPI266.470-4.35%
ABG214.320-1.67%
SAH82.440-2.45%
TSLA328.5809.05%
GM87.5800.64%
F13.9800.19%
RIVN16.0000.62%
CYD47.320-1.41%
HMC31.8201.09%
TM190.0902.6%
CVNA70.8502.51%
PAG216.4100.01%
LAD375.6300.55%
AN209.230-2.1%
GPI266.470-4.35%
ABG214.320-1.67%
SAH82.440-2.45%

Headlines

Access to auto loans improved slightly in August, but remained less accessible than last year, posing challenges for dealers and buyers.

Auto loans more available in August, but credit access still restricted

- September 11, 2023
Auto loans were easier to obtain in August, according to the latest credit availability data from Cox Automotive. Overall loan access improved from July by 1.8%, pushing credit availability scores to...
Asbury Automotive Group has agreed to purchase Jim Koons Automotive Companies, marking the first dealership merger of this size since 2021.

Asbury Automotive and Jim Koons Automotive sign massive acquisition deal

- September 8, 2023
Asbury Automotive Group has agreed to purchase Jim Koons Automotive Companies, marking the first dealership group merger of this size since 2021. According to a press release, the transaction will integrate...
The UAW union received a counteroffer from GM, which included a proposed 16% wage increase and a 56% pay increase for new workers

UAW swiftly rejects GM’s offer of 16% wage increase ahead of strike deadline

- September 8, 2023
The United Auto Workers union received a counteroffer from General Motors, which included a proposed 16% wage increase for the top earners in its facilities and a 56% pay increase...
Q3 2023, the Cox Automotive Dealer Confidence Index (CADSI) revealed that dealer confidence i

Slow economic growth and high interest rates dampen U.S. Q3 auto dealer sentiment

- September 8, 2023
In the third quarter, Q3, of 2023, the Cox Automotive Dealer Confidence Index (CADSI) revealed that dealer confidence in the U.S. remained largely stable despite high interest rates and economic...
Auto News: GM's top brass highlights UAW contract challenges. Biden's EV vision gets a $12B boost, while Tesla changes pricing.

Weekly roundup: GM raises UAW concerns, Biden pledges $12B for EV production, Tesla announces more price cuts

- September 8, 2023
Earlier this week: General Motors' manufacturing lead, Gerald Johnson, voiced his concerns regarding contract discussions with the United Auto Workers (UAW) in a video statement alongside GM's President, Mark Reuss....
The U.S. Treasury Department has announced upcoming revisions to its electric vehicle tax credit guidelines, affecting used and new dealers.

Dealers to get pre-approvals, instant transfers for electric vehicle tax credits

- September 8, 2023
The U.S. Treasury Department has announced upcoming revisions to its electric vehicle tax credit guidelines that will add new ways for dealers to collect payments from car buyers. The news was...
The United Auto Workers (UAW) union has submitted a counterproposal to Ford after rejecting the automaker's initial offer.

United Auto Workers makes progress in Ford, GM, Stellantis talks

- September 7, 2023
The United Auto Workers (UAW) union has submitted a counterproposal to Ford after rejecting the automaker's initial offer over the Labor Day weekend. The proposal is the first sign of progress...
Electric vehicle brand Lordstown Motors is seeking to preempt former business partner and Taiwanese tech manufacturer Foxconn from payouts.

Lordstown Motors moves to exclude Foxconn from bankruptcy payout

- September 7, 2023
Electric vehicle brand Lordstown Motors is seeking to preempt former business partner and Taiwanese tech manufacturer Foxconn from earning profits through the sale of assets, according to a bankruptcy court...
Used car shoppers

Cities with the most and least expensive used cars for sale – iSeeCars study

- September 7, 2023
Used car shoppers willing to look beyond their local market could save substantial money on their next purchase, depending on where they live and how far they can travel.  To evaluate...
Honda confirmed that it would use the Tesla-designed NACS connector in its electric vehicles in North America.

Honda announces deal to adopt Tesla’s NACS connector for its EVs

- September 7, 2023
Honda confirmed that it would use the Tesla-designed NACS connector in its electric vehicles in North America. Last year, Tesla launched its exclusive connection in North America to quickly establish itself...
CBT News
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