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

To further support affordability, median income experienced a growth of 0.3% during May. Manufacturers also offered increased incentives to entice buyers.

New vehicle affordability improved in May despite higher prices and interest rates

- June 15, 2023
In May, the affordability of new vehicles experienced a slight improvement compared to previous months, according to new data from Cox Automotive. This positive trend was primarily driven by solid...
According to the U.S. Commerce Department, sales rose 0.3% rise from April to May, driven by stronger retail sales at auto and parts dealers.

Retail sales rose 0.3% in May, beating analyst expectations

- June 15, 2023
Despite the challenges posed by persistent inflation and rising borrowing costs, Americans increased their spending at retailers in the month of May. According to the latest U.S. Commerce Department report released...

How car dealers found success in a complicated first-quarter

- June 13, 2023
With the arrival of summer drawing ever closer, car dealers are anxious to know where the auto industry stands and where it will go in the coming months. To answer...
Earlier this week: Honda unveiled the first electric Acura model, used car prices fell in May, and more headlines in automotive industry news.

Weekly roundup: First look at the 2024 Acura ZDX, study claims EVs could save 90K lives, used car prices drop

- June 9, 2023
Earlier this week: General Motors announced plans to invest more than $1 billion into two Michigan plants to produce its next-generation EV pickups. The U.S. Senate approved a bill suspending...
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

Ford wins the subscription services game, while CEO Farley mulls over China

- June 2, 2023
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 broader thematic areas impacting the...

Hyundai and LG Energy Solutions unite to build $4.3 billion EV battery plant in Georgia

- May 26, 2023
In a significant stride toward cleaner energy initiatives, Hyundai and LGES have announced their joint plans to establish a cutting-edge electric vehicle (EV) battery plant in Georgia, marking another significant...
Rival automakers Ford and Tesla reveal a new strategic partnership that could permanently change EV charging infrastructure for drivers.

Joining forces: Ford EVs to gain access to Tesla superchargers

- May 26, 2023
Rival automakers Ford and Tesla revealed a surprising new strategic partnership that could permanently change electric vehicle charging infrastructure for drivers. In a joint announcement on May 25, Ford CEO Jim...
Many automakers, including Ford, GM, Volvo and now Mercedes, are conforming to Tesla's fast charging system, also known as the North American Charging Standard or NACS.

Chinese EV makers push to gain a foothold in American car market

- May 26, 2023
Welcome to another edition of The Future of Automotive, with Steve Greenfield, Founder, and CEO of Automotive Ventures, where I put recent automotive and mobility news items into context, in...

Weekly roundup: Cadillac Escalade EV coming this year, Tesla’s brand reputation dips, Ford boosts EV goals

- May 26, 2023
Earlier this week: General Motors will release the all-electric Escalade as part of its push to make Cadillac a fully electric brand by 2030. Toyota executives are urging continued development...
According to a joint auto sales forecast from J.D. Power and LMC Automotive, total new car sales in May are expected to increase 15.6% YoY.

U.S. new car sales to surge in May, dealer profitability remains strong

- May 25, 2023
According to a joint auto sales forecast from J.D. Power and LMC Automotive, total new car sales, including retail and non-retail transactions, are expected to reach 1,337,700 units in May, representing...


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