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%


auto industry news

The UAW is confident in its ability to score another victory at Mercedes-Benz, despite concerns that union support may be lacking.

UAW sets sights on Mercedes-Benz after Volkswagen victory

- April 24, 2024
Fueled by its success at Volkswagen, the United Auto Workers (UAW) union is turning its attention to Mercedes-Benz and other non-unionized automakers as it continues its post-strike campaign to expand...
Tesla reported $1.13 billion in net income for the January-through-March period as the effect of slow sales and price cuts cut into profits.

Tesla profits plummet in Q1, company accelerates new product development

- April 24, 2024
Tesla reported steep declines in first-quarter revenue and profit but rallied shareholders over promises of new products. The electric vehicle manufacturer reported revenue of $21.3 billion, down 9% from the first quarter...
Kevin Tynan joins Inside Automotive to share his insights into the key automotive industry trends impacting dealers in Q2.

Top automotive industry trends to track in Q2 — Kevin Tynan | Bloomberg Intelligence

- April 24, 2024
The automotive industry has already seen significant change in the short time since the start of the year, making it more important than ever for dealers to understand the trends affecting their...
The International Energy Agency expects electric vehicle sales to rise sharply in 2024 with growth driven primarily by China.

Electric vehicle sales set to surge in 2024 despite affordability challenges

- April 23, 2024
Electric vehicle sales are projected to rise sharply in 2024 despite persistent challenges in some markets, according to the International Energy Agency (IEA). The group forecasts that worldwide sales of battery-powered cars will...
General Motors posted strong first quarter earnings this week, offsetting declines in sales with better pricing.

General Motors profits rise in Q1, 2024 earnings forecast revised

- April 23, 2024
General Motors beat analyst estimates in its first quarter earnings report, scoring a significant profit boost despite seeing a decline in year-over-year sales. The Detroit automaker reported a net income of $3...
Stellantis has laid off 199 full time workers at its Detroit plant producing the Ram 1500 vehicles, as part of cost-cutting efforts.

Stellantis slashes 199 jobs at Detroit plant producing Ram 1500 amid market challenges

- April 23, 2024
Stellantis has laid off 199 full-time workers at its Sterling Heights Assembly Plant in Detroit, which produces the Ram 1500. This is part of the company's ongoing efforts to reduce...
On this episode of Loyalty-Based Sales Strategies, Jen Suzuki shares a framework for improving engagement during your sales coaching.

Elevate and educate: taking your service and sales coaching to the next level

- April 23, 2024
Welcome to another episode of Loyalty-Based Sales Strategies on CBT News with host Jen Suzuki, president of eDealer Solutions, sales coaching veteran, and NADA Academy guest instructor. In this episode,...
Tesla is cutting the price of its FSD service as it looks to bolster demand amidst a cooldown in electric vehicle sales.

Tesla heavily discounts FSD price as Q1 earnings report looms

- April 22, 2024
Tesla has drastically lowered the lifetime price of its Full Self Driving (FSD) service ahead of the company's quarterly earnings report scheduled to be released on April 23. The electric vehicle...
Steve Burke and Becky Chernek join CBT Now to discuss a revolutionary approach that gives dealers control over their auto loans process.

Take back control of your dealership’s auto loan process

- April 22, 2024
On this episode of CBT Now, host Jim Fitzpatrick is joined by Steve Burke, CEO of Agora Data, and Becky Chernek, finance and insurance (F&I) expert, to discuss how innovative...
Nissan has lowered its profit forecast due to a variety of factors ranging from shipping delays to increased competition in the U.S.

Nissan cuts profit forecast but still expects to beat prior year by wide margin

- April 19, 2024
Nissan has lowered its profit forecast for the fiscal year ended in March due to missed global sales targets. The Japanese automaker revealed the adjustment on Thursday, cutting its 2023 net...


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