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

According to LSEG data, GM's second-quarter net income is projected to drop by 7.7%, while Ford's profit is anticipated to fall by 10%.

GM, Ford face profit declines amid EV challenges and cyberattack disruptions

- July 22, 2024
General Motors (GM) and Ford are expected to report lower profits this week due to struggling electric vehicle (EV) sales and a significant cyberattack on a crucial dealership computer network....
stellantis ram 1500 and jeep wagoneer

NHTSA opens investigation into Stellantis vehicles over engine shutdown issues

- July 22, 2024
The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation of approximately 150,000 Stellantis vehicles due to reports of engines shutting down unexpectedly. This investigation, announced today,...
According to a Cox Automotive analysis of vAuto data, used vehicle inventory levels at the start of July were lower than in June

Used vehicle inventory falls as DMS outage disrupts sales

- July 22, 2024
According to a Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of July were lower than in June due to a widely used...
Registrations of Tesla cars in California fell 24% from April to June, marking the third consecutive quarter of declining sales.

Tesla’s California registrations drop 24% amid rising competition and high interest rates

- July 19, 2024
According to industry data released on Thursday, registrations of Tesla cars in California fell 24% from April to June, marking the third consecutive quarter of declining sales in the company’s...
The U.S. Supreme Court's decision to overturn the 1984 Chevron deference doctrine significantly reduces the authority of federal agencies.

Supreme Court’s overturn of Chevron Doctrine puts federal agencies on notice

- July 19, 2024
The U.S. Supreme Court's 6-3 decision in June to overturn the 1984 Chevron deference doctrine significantly reduces the authority of federal agencies. The Chevron deference had required courts to defer...
AutoNation and Sonic Automotive are expected to be affected the most by the recent CDK Global outage in their second-quarter earnings.

CDK Global outage set to hit AutoNation and Sonic Automotive hardest in Q2 earnings

- July 18, 2024
According to analysts, AutoNation and Sonic Automotive are expected to be the most affected by the recent CDK Global outage in their second-quarter earnings. Both dealership groups, ranked second and...
Join Adam Marburger as he shares strategies and insights to transform your F&I operations with the four pillars of F&I success.

Elevating F&I performance through consistent training and servant leadership – Adam Marburger

- July 16, 2024
Welcome to Training Camp with Adam Marburger, exclusively on CBT News. In an industry where margin compression is a constant challenge, consistent training and mentorship are vital to enhancing the...
The CDK Global shutdown underscored the need for robust emergency preparedness to help dealerships facing further unforeseen disasters.

From Cyberattacks to Natural Disasters: A Guide for Car Dealer Preparedness

- July 16, 2024
Nearly half of all new car dealerships in the U.S. have just endured the CDK Global shutdown, highlighting the critical need for robust emergency preparedness. Beyond cyberattacks, dealerships face the...
The NHTSA has issued a recall for certain models of the Lucid Air electric sedan manufactured between 2022 and 2024.

Lucid Air sedan faces a recall for safety issues

- July 11, 2024
The National Highway Traffic Safety Administration (NHTSA) has issued a recall for certain models of the Lucid Air electric sedan manufactured between 2022 and 2024 due to significant safety concerns....
On today's episode of Inside Automotive, Andy Wright, Managing Partner of Vinart Dealerships, joins host Jim Fitzpatrick.

Andy Wright reveals insight into Hyundai-Amazon partnership and CDK ransomware attack

- July 11, 2024
On today's episode of Inside Automotive, Andy Wright, Managing Partner of Vinart Dealerships, joins host Jim Fitzpatrick. In this insightful interview, Wright delves into the latest developments in the Hyundai-Amazon...


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