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

sales

J.D. Power and LMC Automotive expect new car sales to dip in July

- July 28, 2022
According to J.D Power and LMC Automotive analysts, there will likely be a slump in retail auto sales for July due to massive supply-chain and distribution problems globally. Total sales, including retail and non-retail transactions, may...
interest rates

Fed raises interest rates 0.75 points for the second time as inflation soars

- July 28, 2022
In an effort to curb rising prices, the Federal Reserve hiked interest rates by another 0.75% Wednesday afternoon, the same amount as its last move in June. Following the announcement, markets surged,...

Penske Automotive reports its most profitable quarter to date

- July 28, 2022
Penske Automotive Group has reported its quarterly earnings for Q2 2022. According to a recent press release, Penske produced an all-time record for earnings this quarter. Earnings per share increased...
Mercedes-Benz

Mercedes-Benz raises full-year guidance due to strong Q2 performance and robust demand

- July 28, 2022
CEO of Mercedes-Benz AG, Ola Kallenis, recently discussed how the company has a healthy number of orders and demand, even with limited supply. Mercedes-Benz is rushing to produce high-quality vehicles, including...
Group 1

Group 1 Automotive Q2 revenues increase 14.3% compared to 2021

- July 28, 2022
Group 1 Automotive also reported its second quarterly earnings despite chain supply problems and inventory shortages. The total revenue for Q2 that Group 1 reported is $4.1 billion, a 14.3%...
Jimmy Ellis corporate social responsibility

6 car dealers committed to corporate social responsibility and community give back

- July 27, 2022
Car dealers are widely known for their corporate social responsibility efforts, which can go a long way for car buyers looking for dealerships to trust. According to the Harvard Business Review,...
process deviation

Process Deviation – Finding the kinks in your garden hose

- July 27, 2022
The fundamental question:  How do we identify and fix bottlenecks in our recon process? Well, it starts with actually measuring the recon process.  Google defines Process Deviation as a measure of...
net income

GM’s second-quarter net income decreases 39% from this time a year ago

- July 27, 2022
Despite revenue growth of 4.7% in the second quarter, General Motors on Tuesday announced a year-over-year decline in net income of almost 40% and stated that it anticipates better performance in the second...
loan

Dept. of Energy to loan $2.5 billion to GM and LG Energy Solution joint venture

- July 27, 2022
The Department of Energy's Advanced Technology Vehicles Manufacturing Program (ATVM) was created by Congress under the administration of former President George W. Bush and has been dormant since 2010, until now. Congress established...
ID.4 electric crossover SUV

Volkswagen begins US production of ID.4 Electric SUVs at Tennessee plant

- July 27, 2022
The ID.4 electric crossover SUV is now being produced at Volkswagen's manufacturing facility in Chattanooga, Tennessee. It's the company's first electric vehicle to be built in a North American factory.  As VW ramps up production,...
CBT News
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