New car supply rises in August but faces United Auto Workers disruption
New car supply rose in August to its highest point since April 2021, but an increasingly probable strike by the United Auto Workers union threatens to undo this progress in...
TSLA380.2801.55%
GM81.6401.41%
F12.1600.015%
RIVN14.450-0.1499%
CYD32.1100.24%
HMC31.8450.065%
TM185.6351.515%
CVNA62.945-0.775%
PAG199.720-0.87%
LAD290.910-12.09%
AN157.195-4.475%
GPI237.850-3.59%
ABG169.100-2.73%
SAH60.780-1.85%
TSLA380.2801.55%
GM81.6401.41%
F12.1600.015%
RIVN14.450-0.1499%
CYD32.1100.24%
HMC31.8450.065%
TM185.6351.515%
CVNA62.945-0.775%
PAG199.720-0.87%
LAD290.910-12.09%
AN157.195-4.475%
GPI237.850-3.59%
ABG169.100-2.73%
SAH60.780-1.85%
TSLA380.2801.55%
GM81.6401.41%
F12.1600.015%
RIVN14.450-0.1499%
CYD32.1100.24%
HMC31.8450.065%
TM185.6351.515%
CVNA62.945-0.775%
PAG199.720-0.87%
LAD290.910-12.09%
AN157.195-4.475%
GPI237.850-3.59%
ABG169.100-2.73%
SAH60.780-1.85%
automotive industry insights
Auto loans more available in August, but credit access still restricted
Auto loans were easier to obtain in August, according to the latest credit availability data from Cox Automotive.
Overall loan access improved from July by 1.8%, pushing credit availability scores to...
Transform your dealership’s success with these key sales strategies – Jen Suzuki | eDealer Solutions
As the retail automotive industry evolves, dealerships recognize the importance of personalized shopping experiences and sales strategies. On today's episode of CBT Now, we're joined by Jennifer Suzuki, acclaimed sales...
What Toyota dealers can expect in the final stretch of 2023 — David Christ | Toyota
Toyota dealers are set to gather for their annual National Dealer Meeting later this month, where they will learn more about the direction of the franchise and the new products...
Erin Kerrigan on advising the sale of Jim Koons Automotive to Asbury
Asbury Automotive Group today announced plans to acquire Jim Koons Automotive Companies, making it the largest acquisition to be seen in the dealership buy-sell market since 2021. The transaction will...
Asbury Automotive and Jim Koons Automotive sign massive acquisition deal
Asbury Automotive Group has agreed to purchase Jim Koons Automotive Companies, marking the first dealership group merger of this size since 2021.
According to a press release, the transaction will integrate...
UAW swiftly rejects GM’s offer of 16% wage increase ahead of strike deadline
The United Auto Workers union received a counteroffer from General Motors, which included a proposed 16% wage increase for the top earners in its facilities and a 56% pay increase...
Slow economic growth and high interest rates dampen U.S. Q3 auto dealer sentiment
In the third quarter, Q3, of 2023, the Cox Automotive Dealer Confidence Index (CADSI) revealed that dealer confidence in the U.S. remained largely stable despite high interest rates and economic...
How minority dealers create unique opportunities for OEMs and buyers
The number of franchised minority dealers increased by more than 100 for the second consecutive year in 2022, bringing the national total to 1,476 minority-owned storefronts. That data arrives courtesy...
Dealers to get pre-approvals, instant transfers for electric vehicle tax credits
The U.S. Treasury Department has announced upcoming revisions to its electric vehicle tax credit guidelines that will add new ways for dealers to collect payments from car buyers.
The news was...
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