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 news

GM is laying off more than 1,000 salaried employees globally within its Software and Services division following a strategic review.

GM lays off over 1,000 software and services division employees amid strategic streamlining

- August 20, 2024
General Motors (GM) is laying off more than 1,000 salaried employees globally within its Software and Services division following a strategic review to streamline operations. The cuts include approximately 600...
Republican presidential candidate Donald Trump stated that if elected, he might end the $7,500 tax credit for electric vehicles.

Trump considers ending EV tax credit, praises Musk for potential cabinet role, threatens tariffs on Mexican-made cars

- August 20, 2024
At a campaign event in Asheville, North Carolina, Republican presidential candidate Donald Trump stated that if elected, he might end the $7,500 tax credit for electric vehicle (EV) purchases. Trump...
Wholesale used-vehicle prices have risen by 0.5% from July during the first half of August, as the Manheim Used Vehicle Value rose to 202.6.

Wholesale used vehicle prices rose 0.5% in early August

- August 20, 2024
Wholesale used-vehicle prices have risen by 0.5% from July during the first half of August, as the Manheim Used Vehicle Value Index increased to 202.6. Despite the month-over-month growth, the...
The DMS outage that affected sales and inventory reporting throughout the previous month continues to create volatility in the market.

DMS outage creates volatility in used vehicle market as inventory declines and prices rise

- August 19, 2024
The dealer management system (DMS) outage that affected sales and inventory reporting throughout the previous month continues to create volatility in the automotive market. As of August 1, 2024, the...
ALM and Escude Automotive Group, expanded their presence in Georgia and South Carolina by acquiring domestic and import dealerships

ALM and Escude auto groups expand with key dealership acquisitions

- August 19, 2024
In a series of significant dealership transactions, two prominent auto retailers, ALM Automotive Group and Escude Automotive Group, expanded their presence in Georgia and South Carolina by acquiring domestic and...
Retail used vehicle sales saw a significant increase in July, jumping 27.6% from June, according to Cox Automotive’s vAuto Live Market data

July sees surge in retail used vehicle sales, rising 27.6% month over month

- August 16, 2024
Retail used vehicle sales saw a significant increase in July, jumping 27.6% from June, according to Cox Automotive’s vAuto Live Market View data. This surge brought the total number of...

Weekly roundup: New vehicle prices drop for 10th month, UAW files charges against Trump and Musk, European automakers diverge on EVs and hybrids

- August 16, 2024
Earlier this week: New vehicle prices dropped for the 10th consecutive month in July as buyers gained leverage amid high loan rates. UAW files NLRB charges against Trump and Musk...
Texas Attorney General has filed a lawsuit against GM, accusing the automaker of illegally selling drivers’ data to insurance companies

Texas AG sues GM for allegedly selling driver data without consent

- August 15, 2024
Texas Attorney General Ken Paxton has filed a lawsuit against General Motors, accusing the automaker of illegally collecting and selling drivers’ data to insurance companies without their consent or knowledge....
On today’s episode of Inside Automotive, we’re discussing the importance of having the right mindset, specifically in the F&I department. 

How dealers can transform the F&I department via the right mindset – Cory Collins

- August 15, 2024
Your mindset at the start of the day can shape your performance and the overall success of your team. On today’s episode of Inside Automotive, we’re discussing the importance of...
General Motors is recalling 24,200 all-wheel-drive 2023-24 Cadillac Lyriq electric crossovers due to a software fault in the ABS.

GM recalls 24,200 Cadillac Lyriq EVs in North America due to ABS software issues

- August 14, 2024
General Motors is recalling 24,200 all-wheel-drive 2023-24 Cadillac Lyriq electric crossovers in North America due to a software fault in the antilock braking system (ABS). The defect causes the ABS...


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