August U.S. vehicle sales: signs of a market slowdown?
August, traditionally a significant month for car sales, has offered the auto industry a mixed bag of data. While there's notable year-over-year growth of 17%, there are signs that the...
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F11.590-0.09%
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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
Erin Kerrigan on advising the sale of Jim Koons Automotive to Asbury
Asbury Automotive Group today announced plans to acquire Jim Koons Automotive Companies, making it the largest acquisition to be seen in the dealership buy-sell market since 2021. The transaction will...
Asbury Automotive and Jim Koons Automotive sign massive acquisition deal
Asbury Automotive Group has agreed to purchase Jim Koons Automotive Companies, marking the first dealership group merger of this size since 2021.
According to a press release, the transaction will integrate...
How minority dealers create unique opportunities for OEMs and buyers
The number of franchised minority dealers increased by more than 100 for the second consecutive year in 2022, bringing the national total to 1,476 minority-owned storefronts. That data arrives courtesy...
Weekly roundup: GM raises UAW concerns, Biden pledges $12B for EV production, Tesla announces more price cuts
Earlier this week: General Motors' manufacturing lead, Gerald Johnson, voiced his concerns regarding contract discussions with the United Auto Workers (UAW) in a video statement alongside GM's President, Mark Reuss....
Dealers to get pre-approvals, instant transfers for electric vehicle tax credits
The U.S. Treasury Department has announced upcoming revisions to its electric vehicle tax credit guidelines that will add new ways for dealers to collect payments from car buyers.
The news was...
United Auto Workers makes progress in Ford, GM, Stellantis talks
The United Auto Workers (UAW) union has submitted a counterproposal to Ford after rejecting the automaker's initial offer over the Labor Day weekend.
The proposal is the first sign of progress...
Lordstown Motors moves to exclude Foxconn from bankruptcy payout
Electric vehicle brand Lordstown Motors is seeking to preempt former business partner and Taiwanese tech manufacturer Foxconn from earning profits through the sale of assets, according to a bankruptcy court...
Car market update: customer pain points and inventory instability — Jessica Caldwell | Edmunds
Dealers across the U.S. are doing their best to keep up as the new car market heads in unpredictable directions. But with both external and internal factors in constant flux,...
Ford sales rise 2% on electric vehicle sales, Mach-E breaks record
Ford sales rose 2% from in August thanks to a strong electric vehicle lineup, which helped counteract stagnating demand for new cars.
The automaker sold a total of 161,300 units in...
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