In the US, there are two used cars on the road for every new one. Pre-owned auto sales is big business. Plummeting prices, soaring inventory, and tax season mean that...
General Motors will move its headquarters from its home of nearly 30 years to the new Hudson's Detroit building located on Woodford Avenue.
The move is scheduled to take place over...
Used car demand rapidly outpaced other segments in March, resulting in the highest retail sales volume in two years.
According to Cox Automotive, dealers sold a combined 1.66 million used cars...
New car prices dipped again in March amidst a resurgence in inventory and manufacturer incentives.
Kelley Blue Book data indicates the average new car transaction price dipped 1% on a monthly...
Tesla plans to lay off more than 10% of its employees worldwide, according to an internal memo leaked earlier today.
In the document, Tesla CEO Elon Musk wrote, "As we prepare...
Ford has confirmed price cuts to the F-150 Lightning battery-powered pickup, joining automakers such as Tesla in efforts to improve electric vehicle affordability.
On April 11, a leaked dealership memo indicated...
Calls for a ban on China-made electric vehicles have escalated in recent weeks following the launch of an investigation in February into whether such products present a risk to the...
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the...
Earlier this week: Toyota has taken over testing at subsidiary Daihatsu after investigations revealed evidence of cheating on safety certifications for years. Reports of improving affordability and lower car prices...
Auto credit availability, a measure of the ease with which consumers can obtain loans for car purchases, improved in March amidst a slight gain in affordability.
Cox Automotive reports that the...