TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%


car business

Ken Ganley Automotive Group expanded its luxury portfolio with the acquisition of two Lexus dealerships from Friedkin Group.

Ken Ganley acquires two Lexus dealerships in Northeast Ohio

- August 26, 2025
Ken Ganley Automotive Group expanded its luxury portfolio with the acquisition of two Lexus dealerships: Metro Lexus in Cleveland and Lexus of Akron-Canton in Akron, Ohio, from Friedkin Group. The...
On September 2, Mercedes-Benz will welcome Greg Gates to succeed Frank Diertl, who recently retired, and will the MBUSA executive team.

Mercedes-Benz appoints new VP of network development

- August 26, 2025
On the Dash: ​​Gates’ return to MBUSA signals a renewed focus on enhancing the dealer network, providing strategic guidance to improve performance, efficiency, and customer satisfaction. With over two decades...

IRS provides EV buyers relief, Stellantis pauses assistance program, Hyundai invest $26B in US

- August 26, 2025
Top Stories IRS gives EV buyers deadline relief on $7,500 tax credit. Read More Stellantis halts Level 3 driver-assistance program amid cost and demand concerns. Read More Hyundai to invest $26B in U.S....
NETSOL

NETSOL Chosen by Sonic Automotive to Power Next-Gen Digital Retail Experience

- August 26, 2025
ENCINO, Calif., Aug. 26, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a leader in AI-powered solutions and services enabling OEMs, dealerships and financial institutions to sell, finance and...
Keffer Auto Group

Keffer Auto Group acquires Apple Chevrolet of Northfield, renames it Sota Chevrolet

- August 26, 2025
Keffer Auto Group has purchased Apple Chevrolet of Northfield, Minnesota, from Apple Auto Group in a July 2025 transaction. The dealership has been rebranded as Sota Chevrolet and will continue...
Jack Weidinger

NY Cadillac/GMC dealer donates $25,000 to community college to support automotive education

- August 26, 2025
New York, NY: August 20, 2025 – New York auto dealer Jack Weidinger, President of the Weidinger Automotive Group and immediate past Chairman of the Greater New York Automobile Dealers Association...
The clock is ticking for U.S. car shoppers hoping to claim the federal EV tax credit, but the IRS has provided relief for last-minute buyers

IRS gives EV buyers deadline relief on $7,500 tax credit

- August 26, 2025
On the Dash: Dealers can reassure customers that signing a binding contract and making a payment before Sept. 30 locks in the $7,500 federal EV tax credit, even if the...
Hyundai announced a $26 billion investment in the U.S. between 2025 and 2028, reinforcing its commitment to job creation, and growth.

Hyundai to invest $26B in U.S. to expand jobs, tech, manufacturing

- August 26, 2025
On the Dash: Hyundai’s new steel mill in Louisiana and increased auto production capacity mean a more stable supply for vehicles sold in the U.S., giving dealers confidence in inventory...
The buy-sell market remains in the spotlight this year, and although there is some economic uncertainty, transactions are still occurring.

Bel Air Partners’ Willie Beck on how dealers are navigating the active buy-sell market

- August 26, 2025
The buy-sell market remains in the spotlight this year, and although there is some economic uncertainty, transactions are still occurring. On the latest episode of CBT Now, Willie Beck, Co-Managing...
On Friday, Federal Reserve Chairman Jerome Powell indicated the possibility of interest rate cuts in the coming months.

Fed Chair Powell hints at possible rate cuts as risks persist

- August 25, 2025
On the Dash: The Fed chair signaled that interest rate reductions could occur in the coming months, but emphasized that decisions will be data-driven and cautious. Powell noted tariffs are...


CBT News
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