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%


Retail Automotive

SimplePay

CDK launches SimplePay: Fast, efficient payments for consumers, greater efficiency for dealerships

- August 4, 2025
AUSTIN, Texas--(BUSINESS WIRE)--CDK, the leading automotive retail software provider, has introduced CDK SimplePay—a fully embedded, cloud-based solution that offers dealers a seamless, secure and scalable way to process payments while delivering...

Why dealers matter: The truth about middlemen in the auto industry

- August 4, 2025
When you think about buying a car, you probably picture the final step—walking into a dealership, shaking hands, and driving off in something new. But what you might not think...
China’s largest electric vehicle manufacturer, BYD, reported a sharp drop in monthly sales for the first time in 2025.

BYD reports July sales decline amid escalating EV price war

- August 4, 2025
China’s largest electric vehicle manufacturer, BYD, reported a sharp drop in monthly sales for the first time in 2025, delivering 341,030 vehicles in July, down from 377,628 in June. The...

Tesla’s loyalty shifts, BMW reveals iX3, EVgo $255M loan for U.S. charging

- August 4, 2025
Top Stories Tesla's U.S. loyalty shifts after Musk's Trump endorsement, S&P data shows. Read More BMW unveils iX3 and strategy to take on Tesla and Chinese EV rivals. Read More EVgo lands $225M...
https://www.cbtnews.com/evgo-lands-225m-credit-facility-to-expand-u-s-fast-charging-network/

Tesla’s U.S. loyalty shifts after Musk’s Trump endorsement, S&P data shows

- August 4, 2025
Tesla’s brand loyalty has sharply declined in the U.S. since CEO Elon Musk publicly endorsed Donald Trump in July 2024, according to exclusive S&P Global Mobility data shared with Reuters....
BMW iX3

BMW unveils iX3 and strategy to take on Tesla and Chinese EV rivals

- August 4, 2025
BMW is launching a new all-electric SUV, the iX3, as the first of 40 vehicles built on its all-new “Neue Klasse” platform, a sweeping initiative that aims to reposition the...
EVgo has secured a $225 million senior secured, non-recourse credit facility from five major banks, positioning the company to grow.

EVgo lands $225M credit facility to expand U.S. fast-charging network

- August 4, 2025
EVgo has secured a $225 million senior secured, non-recourse credit facility from five major banks, positioning the EV charging company to rapidly grow its national network by adding more than...
Foxxonn

Foxconn sells former Lordstown plant for $88M

- August 4, 2025
Foxconn, the Taiwanese electronics manufacturer best known for assembling Apple iPhones, has sold its former Lordstown, Ohio, manufacturing facility for $88 million to Crescent Dune LLC, a company it described...
Tim Hovik, EV Strategy

San Tan Ford’s Tim Hovik on tackling EV sales as tax credits expire

- August 4, 2025
As federal tax credits for electric vehicles begin to phase out, dealers across the country are bracing for a shift in consumer behavior and sales performance. In this episode of...
On the latest episode of Service Drive, Corey Smith offers insight into how fixed ops leaders can improve retention.

How fixed ops teams can enhance tech and improve customer retention – Corey Smith | EasyCare

- August 4, 2025
As technology and customer expectations evolve, automotive service departments face pressure to adapt or risk falling behind. On the latest episode of Service Drive, Corey Smith, National Fixed Ops Training...


CBT News
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