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%


automotive industry insights

Tesla generated $7.9 billion in net income in the final months of 2023, clouding profitability expectations for the coming months.

Tesla Q4 earnings plunge 40% despite revenue, sales gains

- January 25, 2024
Electric vehicle brand Tesla reported a steep decline in fourth-quarter profits against a 3.5% increase in revenue over the same period, missing analyst forecasts and raising questions for the new...
In accordance with a WARN notice, Sonic Automotive closed all of its Northwest Motorsport store locations and laid off 142 employees.

Sonic Automotive closes all Northwest Motorsport locations

- January 25, 2024
In compliance with a Worker Adjustment and Retraining Notification (WARN) notice submitted to the state Employment Security Department, Sonic Automotive has closed all of its Northwest Motorsport store locations and...
Ford and Hyundai shared financial with updates with investors amidst a backdrop of uncertainty over the car market's future.

Ford dials back Q4 earnings expectations, Hyundai profits jump 31%

- January 25, 2024
Automakers Ford and Hyundai shared financial updates from the fourth quarter, offering new insights into their 2023 performance. Ford announced that a pre-tax remeasurement loss, stemming from employee retirement expenses and...
On January 24, the United Auto Workers union backed President Joe Biden, a long-awaited move that significantly boosted the president.

UAW endorses Biden, boosting his campaign for reelection

- January 25, 2024
On January 24, the United Auto Workers union backed President Joe Biden, a long-awaited move that significantly boosted the president. The endorsement comes as the Biden campaign entirely shifts its focus...
Farid Ahmad joins Driving Solutions to discuss the 2023 dealership M&A market and the buy-sell trends he expects to see in 2024.

Forecasting the 2024 dealership M&A market — Farid Ahmad | DSMA

- January 25, 2024
The dealership M&A (mergers and acquisitions) market has demonstrated incredible resilience in the post-pandemic economy, remaining undaunted by rising interest rates and fluctuating demand. On the other hand, the buy-sell...
In the latest episode of Inside Automotive, we're joined by Robyn L. Garrett to discuss strategies to create a happy and healthy work culture

How to build a happy, healthy culture in the dealership – Robyn L. Garrett

- January 25, 2024
Culture is the single aspect of an organization that impacts everything from performance to how your company is perceived. In the latest episode of Inside Automotive, we're joined by Robyn...
Aaron Baldwin joins Driving Solutions to discuss the headwinds facing car dealers in 2024 and how data is paving the way to bigger profits.

How data is helping car dealers maximize profits and retain customers — Aaron Baldwin | automotiveMastermind

- January 25, 2024
Car dealers have navigated a pandemic, high interest rates, inflation, and fluctuating demand with relative ease, underlining the strength of the retail automotive sector. However, with consumer preferences evolving and...
By June 2025, Tesla disclosed to its suppliers plans to start producing a new EV mass-market known as "Redwood."

Tesla announces plans to build its next-gen EVs in 2025

- January 24, 2024
By June 2025, Austin-based Tesla disclosed to its suppliers plans to start producing a new electric vehicle (EV) mass-market known as "Redwood," according to Reuters. Elon Musk has been generating...
Black Book introduced the industry's first electric vehicle valuations under Battery Adjusted Values, based on information from Recurrent

Black Book, Recurrent team up to launch industry’s first battery adjusted EV valuations

- January 24, 2024
On January 23, Black Book introduced the industry's first electric vehicle (EV) valuations under Battery Adjusted Values. These values include battery modifications based on information from Recurrent, a leading authority...
The Edmunds best-vehicle awards focused almost entirely on hybrid and fully-electric entries, with only once ICE model winning recognition.

Hybrids and EVs take center-stage in Edmunds best-car awards

- January 24, 2024
Edmunds has released its top-rated vehicle picks for 2024, recognizing the models that have continued to set the standard for excellence in their segment. Electric vehicles and hybrids earned much of...


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