CarMax joins Carvana in 2022 used vehicle woes as profits fall 86%
CarMax has announced cuts to hiring and stock buybacks in an effort to recoup from a devastating third quarter.
The company suffered an 86% profit decline in the last stretch of...
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
Rare Tesla discount gets boost for holidays as investors worry over sales
In an extreme departure from form, the holiday Tesla discount will be doubled to $7,500 in the U.S.
The Tesla discount was already a rare sight when it was listed earlier...
Majority of buyers want eco-friendly cars, according to new study
According to a new study published by transportation company Norfolk Southern, an overwhelming majority of buyers prefer brands with eco-friendly practices.
The survey asked 1,027 U.S. car buyers to provide their...
USPS vehicles to be electrified by 2028, thanks to Inflation Reduction Act
United States Postal Service vehicles will be partially electrified by 2028, according to a recent press release.
The 230,000 USPS vehicles currently in operation have a life-expectancy of 24 years. Around...
Fire risk in Chevy Bolts forces GM to recall 140,000 units
General Motors has announced another recall of 140,000 2017-2023 Chevy Bolts due to a potential fire hazard.
The automaker said that a design flaw in the vehicle's seatbelt pretensioner could spew...
NHTSA reveals new Hertz investigation, worried it is ignoring recalls
The National Highway Traffic Safety Administration has announced a Hertz investigation over allegations the company is violating recall laws.
According to a Tuesday announcement, the agency has already obtained evidence the...
Musk to vacate Twitter role as Tesla shares tank 8%
After multiple hits to Tesla share prices, Twitter CEO Elon Musk has confirmed he will resign from his position at the social media platform.
On Sunday, the entrepreneur hosted a Twitter...
Biden hopes to improve smog, makes new update to truck emission rules
The Biden Administration has announced new clean air standards which target heavy-duty truck emissions.
Although the rule change won't take effect until 2027, it is the first update of its kind...
Auto leaders have lowered their EV sales outlook after slow growth
In a new report, KPMG unveiled data showing how the auto-industry's EV sales outlook has soured over the course of 2022.
Using survey responses from 900 auto executives, the accounting firm...
EV tax incentive delays could work in auto industry’s favor
The U.S. Treasury Department announced it would delay key pieces of its 2023 electric vehicle tax incentive guidelines until March.
Originally, the agency aimed to have all relevant regulations published in...
