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 a new S&P Global study, U.S. drivers are holding onto their used vehicles longer than ever before

S&P Global reports average car age of 12.5 years, setting new record for U.S.

- May 15, 2023
According to a new S&P Global study, U.S. drivers are holding onto their used vehicles longer than ever before. The firm's research found that light vehicles in operation are now 12.5...
Articles Headlines
Ed Morse Automotive

Ed Morse Automotive Group buys two Illinois dealerships

- May 15, 2023
On May 11, 2023, the Ed Morse Automotive Group announced that it acquired two dealerships in Henry County, Illinois—one in Kewanee and the other in Geneseo.   The dealerships were purchased from...
Articles Headlines
Tesla chief Elon Musk named Linda Yaccarino, NBCUniversal's former advertising chair, as the new Twitter CEO

Elon Musk names Linda Yaccarino as new Twitter CEO

- May 12, 2023
Tesla chief Elon Musk named Linda Yaccarino, NBCUniversal's former advertising chair, as the new Twitter CEO on Friday, May 12, months after promising to step down from the role himself. In...
Articles Headlines

Five Star Automotive Group acquires Toyota, BMW stores in Ohio

- May 12, 2023
Five Star Automotive Group has acquired two dealerships in North Canton, Ohio, through major merger-and-acquisitions broker Tim Lamb Group. Cain Toyota and Cain BMW were purchased by the dealership group on...
Articles Headlines
Ukraine-born, Ukrainian

Illinois used car dealer donates Honda Ridgeline to Ukrainian army

- May 12, 2023
A Ukrainian-born dealer and his business partner have donated a 2010 Honda Ridgeline to the Ukrainian Army.  Serhii Shelep and Eli Reznik, both with Ukrainian roots, are trying to offer the...
Headlines Articles
Polestar SUV

Polestar delays SUV release to 2024, cuts workforce by 10%

- May 12, 2023
On May 11, Swedish EV maker Polestar trimmed its full-year production guidance to between 60,000 and 70,000 vehicles, claiming that its Polestar 3 SUV will be delayed until 2024 due...
Headlines Articles
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...
Articles Headlines
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...
Articles Daily Automotive News
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...
Headlines Articles
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...
Articles Headlines

Latest Articles

CBT News heads to Washington, D.C., to host Auto Leadership Summit
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TrueCar says it will now include mandatory dealer fees in advertised vehicle prices, exceeding FTC standards.
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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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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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