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%


dealership news

Credit access improved in July to the highest point since March, when several bank failures caused lenders to adopt restrictive policies.

Car buyers see credit access improve in July as loan approvals rise

- August 10, 2023
Car buyers saw credit access improve in July to the highest point since March, when the collapse of several banks caused lenders to adopt restrictive policies. Cox Automotive's Dealertrack Credit Availability...
OEM executives believe that the COVID pandemic has created a new normal for certain aspects of the car market.

OEM executives see new normal for pricing, sales model in survey

- August 10, 2023
OEM executives believe that the COVID pandemic has created a new normal for certain aspects of the car market, according to a survey conducted by mergers and acquisitions firm Kerrigan...
Shawn Fain, president of the UAW, denounced an agreement offered by Stellantis amidst ongoing talks over union pay and benefits.

UAW president Fain denounces Stellantis proposal amidst negotiations

- August 9, 2023
Shawn Fain, president of United Auto Workers (UAW), denounced an agreement offered by Stellantis amidst ongoing contract negotiations between Detroit automakers and union representatives. In its proposal, Stellantis sought terms that...
New car prices rose only 0.4% year-over-year in July, the smallest annual increase in a decade according to Cox Automotive.

New car prices see slight increase in July as inventory recovers

- August 9, 2023
New car prices rose only 0.4% year-over-year in July, the smallest annual increase in a decade. According to Cox Automotive, average transaction prices reached $48,334 by the end of the month,...
MC Watson joins Inside Automotive to discuss how car dealers can earn more by maintaining relationships with fixed operations clients.

Why relationships are crucial to fixed operations growth — MC Watson | automotiveMastermind

- August 9, 2023
Driving more consumers into the service bay is important for car dealers looking to grow their business, especially considering that fixed operations revenue typically comprises roughly half of a dealership's...
Lucid has confirmed it is on track to meet its annual production target of 10,000 electric vehicles, despite missing revenue guidance for Q2.

Lucid reaffirms production target despite underwhelming earnings

- August 8, 2023
Lucid has confirmed it is on track to meet its annual production target of 10,000 electric vehicles, despite scoring lower-than-expected revenue in the second quarter. In its earnings report, the electric...
General Motors plans to offer bidirectional charging technology on a wider list of upcoming electric vehicles than previously expected.

General Motors expands V2H-capable electric vehicle lineup

- August 8, 2023
General Motors plans to offer bidirectional charging technology, also known as vehicle-to-home (V2H) charging, on a wider list of upcoming electric vehicles than previously expected, expanding access to a new, helpful...
Scott Gruwell of Courtesy Automotive Group joins Inside Automotive to discuss what car dealers can expect to see for the remainder of 2023.

The halfway point: where car dealers see themselves in the next 6 months — Scott Gruwell | Courtesy Automotive Group

- August 8, 2023
For the better part of seven decades, the Courtesy Automotive Group, one of the top car dealers in the U.S., has been known for its innovative solutions and a strong...
M&A activity continued to flourish in July, with Lithia Motors and other auto groups making notable purchases throughout the U.S.

Ken Garff scoops up 7 Hawaiian dealerships, Lithia Motors purchases Ford, Honda stores

- August 8, 2023
M&A activity continued to flourish in July, with Lithia Motors and other auto groups making notable purchases throughout the U.S., which include the following transactions: Lithia Motors Buys Wade Ford In mid-July,...
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has resigned from his position at the electric vehicle brand.

Tesla CFO steps down amidst falling margins and electric vehicle price war

- August 7, 2023
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has formally resigned from his position, ending a 13-year tenure at the electric vehicle brand. In a Linkedin post...


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