TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%
TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%
TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%


interest rates

Fed interest rates

Why the Fed raised interest rates again, and why it matters to the auto-industry

- December 19, 2022
The Federal Reserve has now raised interest rates to their highest since 2008, solidifying the concerns of many industry insiders that the auto-market will worsen in 2023. The Fed has hiked...
interest rates FED

Fed raises interest rates by another 0.75 points to curb US inflation

- September 23, 2022
In a highly anticipated move, the Federal Reserve raised benchmark interest rates by another three-quarters of a percentage point on Wednesday and indicated that the rate hikes would keep coming...
inflation interest rates Fed

The Fed will likely get more aggressive in tackling inflation this week

- September 19, 2022
A number of recently released reports show a combination of positive and negative outlooks for the economy and labor market, just ahead of another likely interest rate hike from the...
Ray Dalio

Billionaire investor Ray Dalio predicts recession, high interest rates

- September 16, 2022
Ray Dalio, a prominent investor, and Bridgewater Associates founder, shared his opinion about inflation, falling stock prices, and future interest rate increases on social media this week. According to Dalio,...
Tom Maoli

New Jersey dealer Tom Maoli on inflation, EVs, interest rates, and more

- September 8, 2022
Welcome to another edition of Inside Automotive with Jim Fitzpatrick. Today, we're pleased to welcome back Tom Maoli, President and CEO of Celebrity Motor Car and host of Go Big...
Fed interest rates

Fed officials likely to hike interest rates another 0.75 percentage point

- September 8, 2022
On August 26, in Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell made a public pledge to reduce inflation, even at the expense of the unemployment rate. “We will keep at...
interest rate

Interest rate hikes drive monthly loan and lease payments to 4-year highs — S&P Global

- September 6, 2022
In an effort to curb out-of-control inflation, the Fed's recent interest rate hikes are starting to be felt by dealers and consumers alike. However, struggling inventory levels could prevent the...
climate action

Manchin, Schumer reach surprising deal on hefty climate action bill

- August 1, 2022
In a surprise turn of events, Senate Majority Leader Chuck Schumer and Senator Joe Manchin announced a deal that includes $369 billion for energy and climate action initiatives with the goal of...
Sonic Automotive

Sonic Automotive reports all-time record revenues and gross profit for Q2

- July 29, 2022
Sonic Automotive has reported its second quarterly earnings. According to a press release, Sonic Automotive had an all-time record adjusted earnings of $3.7 billion, up 9% year-over-year. Sonic also record...
emissions

GDP slips 0.9% for second straight quarterly decline—Biden, Yellen deny US recession

- July 29, 2022
According to the Bureau of Economic Analysis, US GDP, or gross domestic product, shrank by 0.9% in the second quarter. To tackle inflation and decrease the chances of a recession, the Federal Reserve increased...


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