TSLA356.114-6.7456%
GM86.690-1.24%
F13.925-0.485%
RIVN16.725-0.245%
CYD38.710-1.17%
HMC32.710-0.655%
TM194.520-2.83%
CVNA71.2251.32%
PAG216.865-0.005%
LAD370.560-0.17%
AN197.010-2.48%
GPI258.835-3.015%
ABG212.330-2.48%
SAH75.410-2.04%
TSLA356.114-6.7456%
GM86.690-1.24%
F13.925-0.485%
RIVN16.725-0.245%
CYD38.710-1.17%
HMC32.710-0.655%
TM194.520-2.83%
CVNA71.2251.32%
PAG216.865-0.005%
LAD370.560-0.17%
AN197.010-2.48%
GPI258.835-3.015%
ABG212.330-2.48%
SAH75.410-2.04%
TSLA356.114-6.7456%
GM86.690-1.24%
F13.925-0.485%
RIVN16.725-0.245%
CYD38.710-1.17%
HMC32.710-0.655%
TM194.520-2.83%
CVNA71.2251.32%
PAG216.865-0.005%
LAD370.560-0.17%
AN197.010-2.48%
GPI258.835-3.015%
ABG212.330-2.48%
SAH75.410-2.04%


automotive industry insights

Electric vehicle sales reached all-time highs in December but hybrids stole the spotlight with a rapid increase in demand.

Electric vehicle sales set new record in December, hybrid demand accelerates

- February 9, 2024
Global plug-in electric vehicle sales—including hybrids—broke all-time records in December 2023 despite widespread concern among manufacturers over a slowdown in consumer demand. Sales database platform EV-Volumes recorded nearly 1.56 million registrations...
Average wholesale used vehicle values throughout January were identical to December after a year of volatility in the pre-owned market.

Wholesale used vehicle prices frozen in January

- February 9, 2024
Wholesale used vehicle prices remained steady in January after taking a slight dip at the end of 2023, signaling the return of stability to the pre-owned car market. According to Cox...
Jaguar Land Rover (JLR) has delayed the launch of two electric models due to the unexpected demand for their plug-in hybrid vehicles.

Jaguar Land Rover delays EV launches due to surging demand for plug-in hybrids

- February 9, 2024
Jaguar Land Rover (JLR) has delayed the launch of two electric models due to the unexpected demand for their plug-in hybrid vehicles. Following opening orders in December, the JLR has...
Karl Brauer joins Inside Automotive to share his insights into the difficulties facing Tesla after its earnings disappointed investors.

Are the tables turning on Tesla? — Karl Brauer | iSeeCars.com

- February 9, 2024
Tesla broke sales records in 2023 but struggled to maintain profits as a series of aggressive price cuts failed to spur adequate demand. With the company's fourth-quarter earnings dropping 40%...
Honda increased its annual profit expectations after seeing a notable improvement in year-over-year sales in the third quarter.

Honda ups earnings forecast after massive increase in U.S. sales

- February 8, 2024
Honda boosted its earnings forecast for the fiscal year ending March 31 after reporting impressive profitability improvements over its third quarter. The automaker now expects to generate roughly $8.4. billion in...
On February 6, a news release by the UAW revealed that most employees at Volkswagen AG's factory in Chattanooga, Tennessee.

UAW says it has secured majority support in non-union Volkswagen factory

- February 8, 2024
On February 6, a news release by the United Auto Workers (UAW) revealed that most employees at Volkswagen AG's factory in Chattanooga, Tennessee, have registered to join the Detroit-based union....
Hyundai and a Massachusetts dealership are suing each other in federal court over the proximity of a planned storefront in Danvers.

Massachusetts dealership to face Hyundai in court over new storefront

- February 8, 2024
Hyundai is suing in federal court to open a new storefront in Danvers, Massachusetts after a nearby dealership complained that the move violated state regulations. The automaker originally planned to open...
Tesla has a history of layoffs, and its CEO, Elon Musk, is known for initiating them not just at the EV maker but at other companies like at X

Tesla employees face potential round of layoffs

- February 8, 2024
Tesla may be gearing up for a round of layoffs, according to a recent Bloomberg report.  According to those acquainted with the situation, U.S. supervisors recently had to evaluate their deputies'...
Bill Wittenmyer joins Inside Automotive to share the latest news on consumer preferences and how they are influencing the car buying process.

How consumer preferences are dictating the car buying process — Bill Wittenmyer | DealerOn

- February 8, 2024
Consumer preferences have rapidly transformed in the retail automotive sector. Knowing how the expectations have changed and how buyer needs will continue to evolve will be essential to long-term dealership...
Todd Berko joins Driving Solutions to offer an insider perspective into the dealership M&A market and how valuations are critical to success.

A closer look at the dealership M&A valuations process — Todd Berko | Bel Air Partners

- February 8, 2024
The dealership M&A (mergers and acquisitions) market can be confusing to navigate. Knowing the technical aspects of valuations and buy-sell transactions is crucial to obtaining a good deal for your...


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