TSLA392.500-8.12%
GM80.540-0.78%
F12.870-0.005%
RIVN16.920-0.31%
CYD44.1700.91%
HMC25.3600.36%
TM215.250-1.95%
CVNA401.89014.36%
PAG162.8201.5%
LAD288.7605.72%
AN209.5301.54%
GPI351.2101.27%
ABG212.7101.27%
SAH71.7801.08%
TSLA392.500-8.12%
GM80.540-0.78%
F12.870-0.005%
RIVN16.920-0.31%
CYD44.1700.91%
HMC25.3600.36%
TM215.250-1.95%
CVNA401.89014.36%
PAG162.8201.5%
LAD288.7605.72%
AN209.5301.54%
GPI351.2101.27%
ABG212.7101.27%
SAH71.7801.08%
TSLA392.500-8.12%
GM80.540-0.78%
F12.870-0.005%
RIVN16.920-0.31%
CYD44.1700.91%
HMC25.3600.36%
TM215.250-1.95%
CVNA401.89014.36%
PAG162.8201.5%
LAD288.7605.72%
AN209.5301.54%
GPI351.2101.27%
ABG212.7101.27%
SAH71.7801.08%


Automakers

leasing

Decline in leasing could have significant long-term impacts on retail auto — Cox Automotive

- October 31, 2022
A new report from Cox Automotive says the role of leasing in the post-COVID marketplace has "declined substantially" and warned the trend could have long-term consequences. Cox Automotive has lowered...
Ford Versata

Jury orders Ford to pay $105 million to Versata software over trade secrets

- October 31, 2022
Ford Motor Company was ordered to pay almost $105 million in damages to Versata Software by a federal jury in Michigan this week for breach of contract and misappropriation of...
Ford

Ford Q3 earnings beat Wall Street expectations despite net loss of $827 million

- October 28, 2022
Ford Motor Company released its third-quarter financial results this week and narrowly beat Wall Street expectations while reporting a net loss of $827 million for the quarter. Ford attributed the loss...

GDP grows 2.6%, marking the first period of positive acceleration in 2022

- October 28, 2022
The US economy showed potential signs of recovery after posting third-quarter GDP (a sum of all the goods and services produced during the quarter) results that marked the first period...
third-quarter earnings

Public auto groups report strong third-quarter results

- October 28, 2022
Four of the six public dealer groups released record-breaking third-quarter financial results on Wednesday, including Group 1 Automotive, AutoNation, Asbury Automotive Group, and Sonic Automotive. Group 1 Automotive reported total revenues...
EU

EU approves ban on new combustion engine vehicles by 2035

- October 28, 2022
This week, the European Union made strides towards its plans to phase out the sale of new diesel and gasoline cars and vans after the EU and European Parliament reached...
new car sales Cox Automotive, 2023, interest rates

Oct. new car sales likely to increase and finish with 1.11 million units sold — Cox Automotive

- October 27, 2022
Cox Automotive released its October forecast this week, showing that new car sales volume in the US is likely to increase compared to last year—signaling potential improvements in the new...

Penske Automotive reports record Q3 revenue of $6.9 billion

- October 27, 2022
Penske Automotive Group announced its third-quarter earnings on Wednesday, showing positive growth across almost all measurements. The automotive and commercial truck retailer reported that revenue for the third quarter increased by...

Study shows many car buyers have returned to pre-pandemic shopping habits

- October 27, 2022
CarGurus announced the release of its 2022 Consumer Insights Report on Wednesday, and this year's report includes not only buyer insights but seller insights as well. This edition is the fifth...
Tesla

Tesla shares first glimpse inside California megafactory

- October 27, 2022
To ramp up hiring and recruiting, Tesla CEO Elon Musk shared the first peek at its new Megafactory in Lathrop, California. Musk shared the video on LinkedIn, and it's the first...


CBT News
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