Volvo’s Q1 profit falls less than expected as U.S. EV sales slide
On the Dash:
Volvo reports $7.8 billion in revenue in Q1 of 2026, down from $8.9 billion in Q1 last year.
Cost cuts of roughly $190 million cushioned a steep...
TSLA373.7105.65%
GM77.090-5.66%
F12.145-0.035%
RIVN12.4300.09%
CYD25.300-0.59%
HMC34.2500.19%
TM196.5302.47%
CVNA60.3001.59%
PAG212.2500.25%
LAD299.8906.72%
AN161.8901.5%
GPI243.2303.95%
ABG172.1302.19%
SAH64.0301.29%
TSLA373.7105.65%
GM77.090-5.66%
F12.145-0.035%
RIVN12.4300.09%
CYD25.300-0.59%
HMC34.2500.19%
TM196.5302.47%
CVNA60.3001.59%
PAG212.2500.25%
LAD299.8906.72%
AN161.8901.5%
GPI243.2303.95%
ABG172.1302.19%
SAH64.0301.29%
TSLA373.7105.65%
GM77.090-5.66%
F12.145-0.035%
RIVN12.4300.09%
CYD25.300-0.59%
HMC34.2500.19%
TM196.5302.47%
CVNA60.3001.59%
PAG212.2500.25%
LAD299.8906.72%
AN161.8901.5%
GPI243.2303.95%
ABG172.1302.19%
SAH64.0301.29%
auto dealer news
New car sales drop 7.3% in April, but don’t blame buyers
On the Dash:
The latest JD Power-GlobalData forecast shows April's 7.3% sales drop stems from last spring's tariff-driven buying rush.
Nearly one in three trade-ins carries negative equity, making deals...
Sony-Honda EV venture scales back, AFEELA model cancelled
On the Dash:
Sony and Honda scale back Sony Honda Mobility after scrapping plans for the AFEELA vehicle.
Nearly all joint venture employees were reassigned to parent companies or affiliates.
...
Underwater deals rise to near-record highs, Edmunds says
On the Dash:
Negative equity reaches near-record levels, increasing rollover debt and total vehicle financing costs.
Longer loan terms and higher rates are slowing equity buildup and raising monthly payments.
...
Broker blockade: Industry crackdown reshapes dealership compliance
The automotive broker industry faces increased scrutiny as tighter franchise laws, differences in state-level enforcement, and growing pressure from dealership groups reshape how new vehicles are sold. Brokers act as...
New-vehicle affordability improves for fifth straight month
On the dash:
Affordability improved for the fifth straight month, driven by income growth, steady pricing and higher incentives.
Median income gains reduced the weeks needed to buy a new...
Dealer sentiment improves in Q1 2025, but market still viewed as weak
Despite weaker profits and growing costs, optimism is growing among U.S. auto dealers. The Q1 2025 Cox Automotive Dealer Sentiment Index (CADSI) reveals a slight increase, rising from 42 in...
From hesitation to signature: Sean Gardner’s tips for closing the sale
Closing is everybody's favorite subject! After all, successfully closing a deal and turning a shopper into a buyer is the cornerstone of a successful business. Unfortunately, many salespeople don't understand...
The golden age is here: Sen. Bernie Moreno’s message to dealers
At the 2025 NADA Show in New Orleans, newly elected U.S. Senator Bernie Moreno of Ohio addressed attendees via video, sharing his vision for the automotive industry. Moreno made history...
Stellantis reveals 2025 growth strategy with incentives, big game ads, expanded lineup
Stellantis North America executives revealed the company's 2025 growth strategy during a closed-door meeting with Chrysler, Dodge, Jeep, and Ram dealers at the 2025 NADA Show. The automaker will increase...
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