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sales

J.D. Power and LMC Automotive expect new car sales to dip...

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According to J.D Power and LMC Automotive analysts, there will likely be a slump in retail auto sales for July due to massive supply-chain and distribution problems globally. Total sales,...
Group 1

Group 1 Automotive Q2 revenues increase 14.3% compared to 2021

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Group 1 Automotive also reported its second quarterly earnings despite chain supply problems and inventory shortages. The total revenue for Q2 that Group 1...

CBT automotive newscast: July 28, 2022

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Inside Automotive: How Texas dealer Ben Keating is competing for market share amid tight supply conditions Automotive dealers are challenged now, more than ever, with very...

SEC once again subpoenas Tesla over Musk’s go-private tweet

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In a quarterly regulatory filing released on Monday, Tesla stated that the company has been served with a fresh subpoena by the U.S. Securities...
tax incentive

U.S. weighs option to roll back China tariffs to ease inflation

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U.S. Treasury Secretary Janet Yellen and the Senior Economic Official in Beijing, Vice Premier Liu He of China, met earlier this week to discuss...

CBT automotive newscast: July 6, 2022

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Inside Automotive: Why car dealerships must offer customers a seamless way to transact online As we recently reported on CBT News, TrueCar has acquired the automotive retail and financial technology...

GM is only producing 12 Hummer EVs per day, reservations near...

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With almost 80,000 people on the waitlist, General Motors is struggling to keep up with the demand for its new electric Hummer. GM is...
inventory

Can dealers avoid overpaying for used inventory with the economy in...

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From May 2021 to May 2022, the prices of used cars at auction rose more than 12% according to the Manheim Used Vehicle Value...
Sonic Automotive

Sonic Automotive’s David Smith discusses semiconductor chips, EchoPark business

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Last week, Sonic Automotive's Chief Executive Officer, David Smith, told the Charlotte Business Journal that his company had a great first quarter but is undoubtedly being impacted by...

Rivian CEO says the automaker faces challenges in securing parts for...

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During a tour of Rivian's Normal, Illinois-based production factory, the automaker's CEO R.J. Scaringe said it could not secure necessary parts for production, causing sharp...