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

General Motors plans to offer bidirectional charging technology on a wider list of upcoming electric vehicles than previously expected.

General Motors expands V2H-capable electric vehicle lineup

- August 8, 2023
General Motors plans to offer bidirectional charging technology, also known as vehicle-to-home (V2H) charging, on a wider list of upcoming electric vehicles than previously expected, expanding access to a new, helpful...
Tesla tax credit

In an updated guidance, Tesla is now eligible for $4,000 used EV tax credit

- August 8, 2023
A significant feature of the Inflation Reduction Act is the tax credit for used electric vehicles. The credit, which has a maximum value of $4,000, is available for used EVs,...
Scott Gruwell of Courtesy Automotive Group joins Inside Automotive to discuss what car dealers can expect to see for the remainder of 2023.

The halfway point: where car dealers see themselves in the next 6 months — Scott Gruwell | Courtesy Automotive Group

- August 8, 2023
For the better part of seven decades, the Courtesy Automotive Group, one of the top car dealers in the U.S., has been known for its innovative solutions and a strong...
Inventory is higher than it has been for dealers, but not by much, and dealers still need to fill their lots. On today’s CBT Now, we’re focusing on odometer fraud, which has plagued the retail automotive industry for decades, and ways dealers can avoid potential problems when in the market for a vehicle. We’re pleased to welcome Kirsten Von Busch, Experian’s Director of Product Marketing for Automotive, and Ron Montoya, Edmund’s Senior Consumer Advice Editor and Content Strategy.

How to avoid odometer fraud when acquiring used inventory — Kirsten Von Busch & Ron Montoya

- August 8, 2023
Inventory is higher than it has been for dealers, but not by much, and dealers still need to fill their lots. On today’s CBT Now, we’re focusing on odometer fraud,...
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has resigned from his position at the electric vehicle brand.

Tesla CFO steps down amidst falling margins and electric vehicle price war

- August 7, 2023
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has formally resigned from his position, ending a 13-year tenure at the electric vehicle brand. In a Linkedin post...
Used vehicle sales increased in July as prices and inventory normalized from 2022's tumultuous market conditions.

Used vehicle sales rise in July as prices and inventory decline

- August 7, 2023
Used vehicle sales increased in July as customers prioritized affordable car prices and inventory normalized from 2022's tumultuous market conditions. According to Cox Automotive data, purchases from retailers rose 6% from...
On August 3, 2023, Hyundai and Kia announced they were recalling more than 113,000 newer vehicles in the U.S. due to potential fire risks and urged owners to park outside and away from structures pending repairs.

Fire risk recall impacts more than 113,000 Hyundai and Kia vehicles

- August 7, 2023
On August 3, 2023, Hyundai and Kia announced they were recalling more than 113,000 newer vehicles in the U.S. due to potential fire risks and urged owners to park outside...
Electric vehicle maker, Lucid, cut prices of its Air luxury sedans by as much as $12,400. The cuts are part of an ongoing offer amid rising competition in the U.S. EV industry and a price war sparked by Tesla.

Lucid slashes price of its Air sedan due to growing competition

- August 7, 2023
Electric vehicle maker, Lucid, cut prices of its Air luxury sedans by as much as $12,400. The cuts are part of an ongoing offer amid rising competition in the U.S....
The United Auto Workers (UAW) union is set to demand the largest pay increase on record as it continues negotiations with car manufacturers.

UAW to demand 46% pay increase, Big Three car manufacturers respond

- August 4, 2023
The United Auto Workers (UAW) union is set to demand the largest pay increase on record as it continues contract negotiations with car manufacturers Stellantis, Ford and General Motors. The raise,...
Nikola names Stephen Grisky as new CEO

Nikola names Stephen Girsky as its fourth CEO

- August 4, 2023
On August 4, the electric vehicle manufacturer Nikola named its fourth CEO in several years as it attempts to negotiate several difficulties, such as dwindling cash reserves, supply chain limitations,...


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