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 Retail

Software pioneer and Reynolds & Reynolds owner Robert “Bob” Brockman passes away at 81

- August 9, 2022
Robert "Bob" Brockman, a Texas businessman and icon, passed away at 81. Brockman was most known for his roles in building Universal Computer Systems, owning Reynolds & Reynolds, and serving as...

US lawmakers set their sights on reviving self-driving car legislation

- August 9, 2022
As self-driving technologies begin to hit the market, new laws need to be enacted to create order at a federal level. Now, self-driving vehicles are getting a boost from legislators...
Carvana

Carvana posts $439 M net loss for Q2, sales volume increases

- August 8, 2022
Last Thursday, Carvana completed its second-quarter earnings call between the company, shareholders, and analysts to discuss performance and corporate activities. According to an official report from the company, Carvana sold...
Inflation Reduction Act

Senate passes Inflation Reduction Act, expands EV tax credits with conditions

- August 8, 2022
Controversial news for the electric vehicle industry and automakers as the Senate passed a slimmed-down version of the Inflation Reduction Act. The bill now heads to the House for approval....
Tesla Elon Musk

Elon Musk predicts inflation easing and doubles down on mild recession forecast

- August 8, 2022
During a shareholder meeting on Thursday, Tesla’s CEO Elon Musk was asked by his investors how the economy would affect spending habits in the next few years. Musk said he...
Lucid Motors

Lucid Motors decreases EV production target by 50%

- August 8, 2022
Supply chain problems continue to affect automakers, including Lucid Motors, who once again slashed EV production goals for the year. Shares of the vehicle fell 12% after its second quarterly...
non-luxxury

Toyota remains most-shopped in Q2, says Kelley Blue Book Brand Watch

- August 8, 2022
According to the most recent Kelley Blue book Brand Watch report, high gas prices have caused consumers of non-luxury automobiles to consider traditional cars at a level not seen since before...
mergers and acquisitions

Dealership mergers and acquisitions keep going strong in July

- August 5, 2022
Profit levels are rising even with high inflation and increasing interest rates. This has prompted many dealerships to merge or completely acquire others. July was a hot month for dealership...
car repossessions

Auto loan defaults and car repossessions are rising—should car dealers be concerned?

- August 5, 2022
Dealership owners are concerned as repossessions continue to increase. According to the Cox Automotive Industry Insights 2021 presentation, repossession in 2020 was the lowest in the last five years, but 2021...
Toyota

Toyota profits shrink 43% due to ongoing supply chain shutdowns

- August 5, 2022
Toyota's profit fell 43% (578.66 billion Yen) in the last three months due primarily to supply chain issues. Last year, Toyota earned an average of 997.4 billion Yen or $7.48...


CBT News
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