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Astonishing dealer profits drive dealership values up through Q1 2022
Merger and acquisition activity has been bustling for more than a year, and the first quarter of 2022 has proved no different. Surging demand...
Q1 KBB Brand Watch Report results with Senior Research Manager Vanessa...
Recently, Cox Automotive published the Q1 Kelley Blue Book Brand Watch Report, covering the non-luxury, luxury, and electrified segments. Joining anchor Jim Fitzpatrick on...
Vroom releases Q1 Results, names new CEO
This week, Vroom Inc. released its first-quarter results, which showed the online used car retailer outdid expectations for total sales, profit, and revenue. It also...
Lordstown Motors announces $90M loss and stalled Foxconn deal for Q1
Ohio-based Lordstown Motors released its first-quarter results on Monday, which reported a loss of $90 million and total available remaining cash of $203 million. The company...
Lucid Group releases Q1 results, says prices will rise in June
Lucid Group released its first-quarter results last week, which showed the luxury electric automaker brought in $57.7 million in revenue and delivered 360 vehicles to its...
Stellantis Q1 revenue grows 12%, overall shipments down
Stellantis released its first-quarter results, which showed that revenue had exceeded expectations as it rose 12% despite a 12% drop in vehicle sales. Revenue reached...
Sonic Automotive reports powerful Q1 performance
Sonic Automotive Inc. released its first-quarter results on Thursday, which noted several record numbers across the board.
Quarterly revenues reportedly grew 28.7% year over year (YoY), reaching...
Group 1 Automotive revenue soars in Q1
Group 1 Automotive, Inc. released its financial results on Wednesday, which showed the international auto retailer posted record numbers for the first quarter. Net...
Hyundai releases Q1 results, sees a 19% increase in net profit
Hyundai released its first-quarter results on Monday, which showed a 19% hike in net profit despite sales decreasing by almost ten percent. The automaker said various...
Renault releases Q1 results, says IPO still possible next year
Electric vehicle maker Renault said Friday that although revenue had dropped to $10.6 billion throughout the first quarter, the decrease was not as significant as analysts...