Tag: automotive industry news
Wholesale used vehicle prices dip in April as retail sales cool
Wholesale used vehicle prices in April continued declines observed throughout the first quarter, with retail sales taking a hit as tax season drew to...
Rivian exceeds Q1 2024 expectations despite plant closure and cost-cutting measures
On May 7, EV startup Rivian announced its first quarter 2024 results, which exceeded analyst expectations regarding revenue growth year-over-year. The automaker reported that...
Toyota lukewarm on earnings guidance despite record-breaking profits
Toyota reported record-breaking profits for the fiscal year ending March after a massive surge in hybrid demand but set cautious earnings expectations for the coming months,...
How salespeople can achieve their goals while maintaining a positive outlook...
It is an election year, and with that comes a lot of uncertainty, especially regarding the economy. It is also what Matt Easton, the...
How NAMAD gives minority dealers and car buyers a voice
The National Association of Minority Automobile Dealers (NAMAD) plays a critical role in giving underrepresented dealers a voice and driving diversity, equity, and inclusion across the...
UAW members authorize strike at Stellantis plant over safety concerns
United Auto Workers (UAW) members have voted to authorize a strike at Stellantis' Michigan stamping plant if talks between company leadership and union officials...
Lucid losses narrow in first quarter despite price cuts
Lucid's first-quarter earnings revealed positive shifts for the fledgling brand, with most financial metrics improving despite a global cooldown in battery-powered car demand.
The electric...
Navigating trade-in objections: why slow and steady win the race —...
Trade-in negotiations can be tricky for salespeople to navigate, as a disappointing appraisal can quickly sour the client relationship. How can dealership teams set realistic...
GOP bill aims to repeal U.S. EV tax credit, hurting production...
Republicans have proposed an Inflation Reduction Act (IRA) bill to repeal the U.S. EV tax credit. If this bill passes, it would delay the...
VP Kamala Harris announces $100 million in grants for auto suppliers
Vice President Kamala Harris has announced $100 million in federal grants for automotive suppliers as the White House looks to accelerate the car industry's...
