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

Fred Lennartz joins this episode of Kain & Co. to discuss his journey through the automotive industry along with his advice for car dealers.

Exploring paths to success in the automotive industry — Fred Lennartz | Car Guy Coffee Podcast

- March 7, 2024
The automotive industry is a thriving business sector, filled with passionate professionals who are eager to see others grow and succeed as they have. Today, we are putting a spotlight...
Ken Ganley and Doggett Automotive Group expand their dealership portfolios in Ohio and Texas, while Eve Knudtsen acquires in Washington.

Dealership M&A roundup: Ken Ganley expands in Cleveland, Group 1 sells 6 Texas stores

- March 6, 2024
Ken Ganley Automotive Group has expanded its portfolio in Cleveland, Ohio, after buying Bob Gillingham Ford, now known as Ken Ganley Ford Parma, and two more luxury dealerships. Meanwhile, the...
BMW is offering electric vehicle owners from other brands, including Tesla, a $1,000 discount on select models until April 1.

BMW courts competitors’ electric vehicle customers with $1,000 discount

- March 6, 2024
BMW is offering electric vehicle customers from other brands a $1,000 discount if they purchase select models until April 1, 2024. For the next three weeks, the automaker's new "2024 BEV...
General Motors is working with the federal government and select business partners to launch heavy-duty hydrogen trucks in the U.S.

General Motors to deploy hydrogen fuel-cell trucks at U.S. worksites

- March 6, 2024
General Motors and the Department of Energy are investing a combined $65 million to deploy hydrogen fuel-cell work trucks across the U.S. The new trucks, powered by the automaker's Hydrotec system,...
Toyota North America's executive vice president of sales, Jack Hollis, shares his views on electric vehicles and the hybrid market.

Toyota EVP Jack Hollis on EVs, vehicle affordability, and inventory

- March 6, 2024
Toyota has taken a slower path to electrification than its competitors, choosing instead to prioritize hybrid and hydrogen-fueled vehicles. Although this tendency won the ire of many in the industry,...
In the latest episode of Inside Automotive, Mark Cannon shares his insights on the current trends in the retail automotive industry.

Marc Cannon explores the key drivers of change in the automotive industry

- March 6, 2024
The automotive industry is off to a strong start in 2024, leveraging stable consumer demand and improving economic conditions to drive sales. However, while dealers and manufacturers are certainly performing...
MileOne Autogroup has acquired Koons Wilmington Lexus less than three months after the storefront was purchased by Asbury Automotive.

MileOne acquires Koons Wilmington Lexus from Asbury Automotive

- March 5, 2024
MileOne Autogroup purchased a Delaware Lexus dealership from Asbury Automotive just months after the seller acquired the storefront from the Jim Koons group. The transaction for Koons Wilmington Lexus was finalized...
Electric vehicle sales are projected to grow in 2024 but at a slower rate than some initially forecast due to challenges limiting demand.

J.D. Power lowers 2024 electric vehicle sales forecast

- March 5, 2024
Electric vehicle sales are projected to rise in 2024 but analysts are dialing back expectations as the automotive industry grapples with challenges limiting consumer demand and charging infrastructure growth. J.D. Power...
General Motors, Magna, and Wipro are partnering to launch an automotive software marketplace called SDVerse.

General Motors prepares to launch ‘SDVerse’ automotive software marketplace

- March 5, 2024
General Motors is partnering with auto supplier Magna and consultancy firm Wipro Limited to launch a virtual marketplace called SDVerse for buyers and sellers of automotive software. The new B2B platform...
"In addition to HEV batteries, PEVE plans to begin producing batteries for BEVs (battery EVs) and PHEVs (plug-in HEVs)," stated Toyota.

Toyota acquires control of PEVE, expands electric battery production

- March 5, 2024
On March 5, Toyota announced its agreement with Panasonic Holdings to acquire one of its joint ventures and turn it into a wholly owned subsidiary. The joint venture, Primearth EV Energy...


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