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 Trends

Vehicle financing factors were less favorable to car buyers In January, undoing several months of improvements seen last year.

Vehicle financing conditions trend against consumers in January

- February 12, 2024
Vehicle financing remained an obstacle for many consumers in January, during which auto lenders displayed more caution and auto loan access declined. According to Cox Automotive's Dealertrack Auto Credit Total Loan...
Articles F&I
Serra Automotive is set to buy the Bill Marsh Auto Group later this year, marking one of the most high-profile acquisitions in the industry.

Why dealership groups are prioritizing M&A in 2024 — Joe Serra, Matt Serra | Serra Automotive

- February 12, 2024
Serra Automotive, ranked number 12 out of the top dealership groups in the U.S. and number 6 out of the top privately held groups, is set to close on its...
Featured Management & Leadership
Ionna, an electric vehicle charging network backed by seven major automakers, has officially commenced operations in North America.

OEM-backed Ionna EV charging network gets a CEO and regulator approval

- February 9, 2024
Ionna, a joint-venture project involving seven automakers to build a massive electric vehicle charging network across the U.S. and Canada, has officially launched following its announcement in July 2023. The collaboration...
Articles Headlines
Electric vehicle sales reached all-time highs in December but hybrids stole the spotlight with a rapid increase in demand.

Electric vehicle sales set new record in December, hybrid demand accelerates

- February 9, 2024
Global plug-in electric vehicle sales—including hybrids—broke all-time records in December 2023 despite widespread concern among manufacturers over a slowdown in consumer demand. Sales database platform EV-Volumes recorded nearly 1.56 million registrations...
Articles Headlines
Average wholesale used vehicle values throughout January were identical to December after a year of volatility in the pre-owned market.

Wholesale used vehicle prices frozen in January

- February 9, 2024
Wholesale used vehicle prices remained steady in January after taking a slight dip at the end of 2023, signaling the return of stability to the pre-owned car market. According to Cox...
Articles Headlines
Karl Brauer joins Inside Automotive to share his insights into the difficulties facing Tesla after its earnings disappointed investors.

Are the tables turning on Tesla? — Karl Brauer | iSeeCars.com

- February 9, 2024
Tesla broke sales records in 2023 but struggled to maintain profits as a series of aggressive price cuts failed to spur adequate demand. With the company's fourth-quarter earnings dropping 40%...
Featured Daily Automotive News
Honda increased its annual profit expectations after seeing a notable improvement in year-over-year sales in the third quarter.

Honda ups earnings forecast after massive increase in U.S. sales

- February 8, 2024
Honda boosted its earnings forecast for the fiscal year ending March 31 after reporting impressive profitability improvements over its third quarter. The automaker now expects to generate roughly $8.4. billion in...
Articles Headlines
Hyundai and a Massachusetts dealership are suing each other in federal court over the proximity of a planned storefront in Danvers.

Massachusetts dealership to face Hyundai in court over new storefront

- February 8, 2024
Hyundai is suing in federal court to open a new storefront in Danvers, Massachusetts after a nearby dealership complained that the move violated state regulations. The automaker originally planned to open...
Articles Headlines
Bill Wittenmyer joins Inside Automotive to share the latest news on consumer preferences and how they are influencing the car buying process.

How consumer preferences are dictating the car buying process — Bill Wittenmyer | DealerOn

- February 8, 2024
Consumer preferences have rapidly transformed in the retail automotive sector. Knowing how the expectations have changed and how buyer needs will continue to evolve will be essential to long-term dealership...
Sales & Marketing Inside Automotive
Todd Berko joins Driving Solutions to offer an insider perspective into the dealership M&A market and how valuations are critical to success.

A closer look at the dealership M&A valuations process — Todd Berko | Bel Air Partners

- February 8, 2024
The dealership M&A (mergers and acquisitions) market can be confusing to navigate. Knowing the technical aspects of valuations and buy-sell transactions is crucial to obtaining a good deal for your...
Featured Driving Solutions


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CBT News
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