Carvana recorded a net loss of $806 million in the fourth quarter
Carvana released its financial statistics for 2022 and disclosed a $1.6 billion net loss overall. Which is more than half of the amount it lost in Q4, when the company...
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
Secretary Yellen says foreign car brands may be able to qualify for EV tax credits
U.S. Treasury Secretary Yellen said that free trade agreements may give overseas automakers a way to earn electric vehicle tax credits without an act of congress.
Speaking to reporters at the...
The Urban League and NADA are working together to train mechanics
The severe lack of auto technicians in the U.S. has prompted a number of initiatives to hire trained mechanics at auto dealerships.
The National Automobile Dealers Association (NADA), National Urban League,...
Deloitte: Accelerated pace of change set to drive the future of automotive mobility
NEW YORK, February 23, 2023 —
Key takeaways
The future of automotive mobility is being shaped by a variety of tectonic forces converging to shift consumer sentiment and behavior.
One in 3...
Weekly Roundup: February U.S. auto sales forecast, Tesla FSD recall
Weekly Roundup:
The National Highway Transportation and Safety Administration (NHTSA) mandated Tesla to recall 362,000 vehicles over Full Self-Driving beta software, Lithia Motors outsold AutoNation in 2022, used electric vehicles values declined,...
Cox Auto expecting new light vehicle sales to grow 4% in February
In its February forecast, Cox Automotive revealed expectations for new light vehicle sales to grow 3.9% from January and 4% from the same time last year.
January's performance was unseasonably strong,...
Second year of growth in U.S. dealership count, franchises dip slightly
According to research by auto marketing company Urban Science, the number of U.S. dealerships grew for the second consecutive year, despite a slight decline in the number of franchises.
The study,...
Lucid’s projected revenue falls short in 2023, prepares for increased EV production
Only days after reducing its reservation total from 34,000 to 28,000, EV brand Lucid revealed plummeting Q4 revenue. The manufacturer earned $257.7 million between October and January or about $45.3...
Mercedes-Benz and Google collaborate to bring “supercomputers” to vehicles
Mercedes-Benz and Google announced a partnership on February 22 that will provide "supercomputer" navigation and autonomous driving technology to the automaker's array of vehicles. A level 3 self-driving capability will...
Toyota ramping up electrification efforts, considers U.S. EV factory
Upcoming Toyota CEO Koji Sato is reportedly considering refitting one of its U.S. facilities to manufacture EVs, as he prepares to accelerate the automaker's electrification strategy.
Despite an industry-wide push to...
