TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%


automotive industry news

Ford Motor Company has secured one of largest automotive industry subsidies in U.S. history to boost electric vehicle production.

Ford scores massive $9.2 billion loan for electric vehicle batteries

- June 22, 2023
Ford has secured one of largest automotive industry subsidies in U.S. history to boost electric vehicle production, part of the Biden Administration's efforts to compete with Chinese manufacturing. The Department of...
Articles Headlines
Electric vehicle maker Rivian plans to showcase the first R2 model in 2024, two years before the car is scheduled to hit the market.

Rivian R2 EV to make first appearance in 2024, price range revealed

- June 22, 2023
Electric vehicle maker Rivian plans to showcase the first R2 model in early 2024, two years before the car is scheduled to hit the market. Rivian CFO Claire McDonough revealed the...
Articles Headlines
Melinda Zabritski joins CBT Now Experian has released new data showing that the average loan amount for both new and used vehicles has decreased in the third quarter.

Why some car buyers are choosing shorter auto loan terms — Melinda Zabritski | Experian

- June 22, 2023
Experian's State of the Automotive Finance Market Q1 2023 has found that some new vehicle shoppers opted for shorter auto loan terms in the first quarter. On this episode of...
Featured CBT Now

Morgan Automotive Group makes M&A history with purchase of Al Hendrickson Toyota

- June 21, 2023
Listen to this article: This week, Haig Partners served as the exclusive sell-side advisor for the most expensive dealership purchase in history with the sale of Al Hendrickson Toyota to Morgan Automotive Group. Al...
Articles Headlines
Tesla dominated the four top spots in Cars.com's 2023 American-Made Index, with the Model Y placing first for the second consecutive year.

Tesla takes top four spots in Cars.com American-made study

- June 21, 2023
Tesla's status as one of the top U.S. car manufacturers received a boost on June 21, when its entire electric vehicle lineup dominated the four top spots in Cars.com's 2023 American-Made...
Articles Headlines
Stellantis CEO Carlos Tavares

Stellantis invests $325 million into 10 sustainable mobility startups

- June 16, 2023
Stellantis Ventures, the investment arm of the automotive giant, has made significant financial commitments to fuel the growth of 10 startups and a mobility venture capital fund. These investments account...
Articles Headlines
GM

Weekly roundup: GM’s new EV battery plant, direct-to-consumer sales banned in Florida, and Lithia acquisition

- June 16, 2023
Earlier this week: General Motors announced that it will follow Ford's lead and adopt Tesla's North American Charging Standard. Florida Governor and presidential hopeful Ron DeSantis signed a state bill...
Daily Automotive News Articles
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...
Headlines Articles
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...
Articles Headlines

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...
Daily Automotive News Articles


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CBT News
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