Volvo takes $1.2B charge due to tariffs and model delays
Volvo Cars announced a one-time non-cash impairment charge of $1.2 billion in the second quarter of 2025 due to launch delays and rising tariffs impacting two of its electric models:...
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
automotive industry insights
Q2 EV sales dip in U.S. as dealers brace for tax credit phase-out
New electric vehicle (EV) sales in the U.S. dropped 6.3% year-over-year in the second quarter of 2025, totaling 310,839 units, according to Cox Automotive's Kelley Blue Book. The decline came...
Ryan Hanlon shares how reinsurance helps dealers build long-term wealth
Dealers can use profit participation programs to gain more control over their F&I income and turn it into long-term financial growth. However, many dealers still miss out on these benefits...
Overcoming staffing shortages by improving employee retention
Staffing shortages have challenged automotive dealerships and compromised operational efficiency and customer satisfaction. Modern business leaders have rethought their personnel approach by focusing on employee retention. Managers must implement strategies...
Trump announces 30% tariffs on EU, Mexico
President Donald Trump announced on Saturday that the United States will impose a 30% tariff on the European Union and Mexico starting Aug. 1. He revealed the new rates in...
Jeep launches two new special-edition Wagoneer models
Jeep is introducing two limited-run models for the Jeep Wagoneer nameplate: the Wagoneer Limited and the Wagoneer Super. The two models join the previously announced Wagoneer Overland Special Edition. The...
Werner Hyundai’s Kyle Morissette on how AI enhances fixed ops efficiency
As artificial intelligence continues to transform the retail automotive industry, some dealers are already experiencing tangible results in their fixed ops departments. In today's episode of Service Drive on CBT...
Trump extends tariff pause, plans new import hikes Aug. 1
President Donald Trump has extended the pause on his “Liberation Day” tariffs until Aug. 1, delaying clarity for automakers and suppliers awaiting long-term U.S. trade policy updates. Starting next month,...
MP Materials strikes rare earths deal with US to cut China dependence
MP Materials has signed a landmark deal with the U.S. Department of Defense to expand rare earth magnet production and reduce reliance on Chinese supply. The agreement includes a government-backed...
New-vehicle inventory rises sharply while sales stall
As of July 1, 2025, U.S. dealer lots held 2.83 million new vehicles, up 14.5% from June but still 1.4% below year-ago levels, according to Cox Automotive. Days’ supply climbed...
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