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Penske Automotive Group, a prominent player in automotive retail, recently reported a significant 28% decline in net income for Q1.

Penske Automotive faces challenges in Q1 with 28% drop in net...

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Penske Automotive Group, a prominent player in the automotive retail industry, recently reported a significant 28% decline in net income for the first quarter....
In this week's top automotive stories, AutoNation and Penske Automotive saw profits slide during the first quarter on weaker pricing.

AutoNation posts Q1 earnings, profitability slides

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AutoNation saw a slight improvement in quarterly revenue but struggled to maintain profitability due to price drops during the January-through-March period. The dealership group reported...
Lauren Fix joins Inside Automotive to discuss what Tesla's first-quarter earnings indicate for the electric vehicle market.

What Tesla’s Q1 earnings say about the EV market — Lauren Fix |...

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On this episode of Inside Automotive, host Shyann Malone is joined by Lauren Fix, founder of Car Coach Reports, to discuss Tesla's first-quarter earnings report and...
Ford saw Q1 revenue improve but struggled to maintain profitability as its ICE and electric divisions dragged down earnings.

Ford posts “solid” Q1 earnings despite weakening profits

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Ford posted stable earnings late Wednesday after sales rose 7% over the first quarter but struggled to maintain profitability as moderate price cuts and...

New vehicle sales drop, Ford posts Q1 earnings, Toyota breaks record

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Power Lunch How e-titling is changing the future of dealership F&I E-titling is a revolutionary new system that gives dealers control over the registration process while improving...
Tesla reported $1.13 billion in net income for the January-through-March period as the effect of slow sales and price cuts cut into profits.

Tesla profits plummet in Q1, company accelerates new product development

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Tesla reported steep declines in first-quarter revenue and profit but rallied shareholders over promises of new products. The electric vehicle manufacturer reported revenue of $21.3 billion,...
General Motors posted strong first quarter earnings this week, offsetting declines in sales with better pricing.

General Motors profits rise in Q1, 2024 earnings forecast revised

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General Motors beat analyst estimates in its first quarter earnings report, scoring a significant profit boost despite seeing a decline in year-over-year sales. The Detroit automaker...

GM posts Q1 earnings, EV sales to rise, Stellantis cuts jobs

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Inside Automotive 6 key mental muscles for leaders in the dealership – Scott Mautz As a leader, it’s no secret that you’re going to face challenges,...
Tesla is cutting the price of its FSD service as it looks to bolster demand amidst a cooldown in electric vehicle sales.

Tesla heavily discounts FSD price as Q1 earnings report looms

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Tesla has drastically lowered the lifetime price of its Full Self Driving (FSD) service ahead of the company's quarterly earnings report scheduled to be...
GM and Ford have reduced expenses and delayed investments to pursue profit growth while focusing on their primary gasoline-powered cars.

GM and Ford prioritize gasoline cars in Q1 amidst EV challenges

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The market eagerly anticipates the first-quarter results of two leading U.S. automakers, General Motors (GM) and Ford. Despite facing challenges such as a slowdown...