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

A surge in used EV affordability means that buyers are hunting for deals, but getting an accurate value may be harder than it seems.

Does America have a used EV problem – or opportunity?

- April 17, 2024
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 plans to abandon its home since 1996 but will keep its headquarters in Detroit.

General Motors to move headquarters next year after almost 3 decades

- April 16, 2024
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 sales surged ahead of other segments in March as buyers hunted for budget-friendly options in today's challenging market.

Used car sales skyrocket in March as consumers hunt for deals

- April 16, 2024
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 declined slightly in March due to recoveries in inventory and incentive levels, but failed to boost monthly sales.

Average new car prices dip in March, but affordability remains distant

- April 15, 2024
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...
An internal memo indicates that Tesla is planning to cut 10% of its global workforce following a slowdown in electric vehicle sales.

Tesla to lay off thousands of employees worldwide after Q1 sales disappoint

- April 15, 2024
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 slashed prices on its 2024 F-150 Lighting electric pickup amidst a modest surge in EV affordability.

Ford confirms Lightning pickup price cuts ahead of release

- April 12, 2024
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...
Ohio Senator Sherrod Brown is calling on the White House to implement an outright ban on electric vehicle imports from China.

Lawmaker escalates attack on China-made electric vehicles, calls for ban

- April 12, 2024
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...
I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us.It’s been a tough quarter for many of the legacy automakers. highways emissions

Car thefts on the rise as criminals adapt to new technology

- April 12, 2024
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...
China's EV industry is driving a surge in ship orders, suggesting it could have the world's fourth-largest fleet of car carriers by 2028.

Automotive weekly roundup: Tesla settles lawsuit, auto credit availability improves, China’s aggressive EV push

- April 12, 2024
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 rose again in March thanks to increases in approval rates, amidst a small gain in affordability.

Auto credit access improves in March amidst affordability rise

- April 11, 2024
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...


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