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

Stellantis on Saturday reached a deal with the United Auto Workers union which includes a 25% pay raise and cost of living adjustments.

Stellantis strikes second United Auto Workers deal

- October 30, 2023
Stellantis became the second Big-Three manufacturer to reach a tentative deal with the United Auto Workers union over the weekend, ending more than 40 days of strikes at the Jeep-Chrysler...

Hyundai lowers price for 2024 IONIQ 6, now starts under $39,000

- October 30, 2023
Hyundai announced its new entry-level 2024 IONIQ 6 SE Standard Range, which currently stands for sale at $41,600. However, the automaker revealed it’s lowering the price to $38,615 due to...
Toyota production

Toyota reports record global sales and production

- October 30, 2023
Due to the strong demand and improving supply conditions, Toyota's global sales increased by 8.3% from April to September compared to the same period last year, reaching a record 5.6...
Eric Schlesinger of ActivEngage joins Kain & Co. to discuss the evolution of dealership technology and how it affects the car buying process.

Reimagining what a CDP can do for your dealership – Shaun Kniffin | Germain Motor Co.

- October 30, 2023
The Germain Motor Co. has been in business since 1947. Today, the company has 19 stores representing 20 brands. The dealer group operates in Arizona, Montana, Michigan, Ohio, and Florida,...
John Campos and Brian Pasch join Driving Solutions to discuss the connection between modern marketing technology and premium data.

How to modernize your dealership’s marketing technology — John Campos & Brian Pasch

- October 30, 2023
The modern economy is a complex system that requires retailers to be well-versed in marketing technology and data collection. This is especially true for the retail automotive sector, whose consumers...
Ford saw third-quarter earnings rise over the previous year but withdrew its full-year guidance amidst labor and electric vehicle concerns.

Ford earnings underwhelm analysts, automaker postpones EV investments

- October 27, 2023
Ford on Thursday retracted its full-year earnings guidance after posting an underwhelming third-quarter report. The announcement came on the same day company executives reached a tentative deal with the United...
BP, is the first company to buy $100 million of Tesla's Supercharger hardware, to use in a third-party charging network.

BP strikes deal with Tesla for $100 million worth of Superchargers

- October 27, 2023
The largest oil and gas conglomerate, BP, is the first company to buy $100 million of Tesla's Supercharger hardware. The purchase marks the first for a company to buy DC charging...
The PSD Automotive Group acquired the Global Auto Mall of North Plainfield, New Jersey, as the final step in its legacy succession plan.

PSD Automotive Group acquires Global Auto Mall

- October 27, 2023
On October 27, PSD Automotive Group acquired the Global Auto Mall of North Plainfield, New Jersey.  Global Auto Mall, which includes Global Kia of North Plainfield, Global Hyundai of North Plainfield,...
Dealership groups continued to build on their early-year successes in the third quarter but struggled to sustain profits from 2022.

Dealer groups show resilience in Q3 despite profitability pressures

- October 27, 2023
Dealership groups across the U.S. broke multiple performance records in the third quarter, highlighting retail automotive's unanticipated resilience in the post-pandemic era. Lithia & Driveway posted a third-quarter revenue of $8.3...
To improve dealership processes, a small group of software enthusiasts and men in the automotive industry got together to create VINCUE.

How dealers can improve their processes with technology – Danny Zaslavsky | VINCUE

- October 27, 2023
In order to improve dealership processes, a small group of software enthusiasts and men in the automotive industry got together and founded VINCUE. With backgrounds in data science, software engineering,...


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