Tag: auto industry news
Dealer sentiments improve for Q2, even as costs, prices worsen
Dealer sentiments improved substantially over the previous quarter, driven by unexpectedly high sales and revenue.
Cox Automotive tracks retailer outlooks through its Dealer Sentiment Index,...
Group 1 brings three new dealerships on board, expands Texas presence
Group 1 Automotive revealed the acquisition of three dealerships in Texas on May 8, 2023, as it continues to ramp up its growth efforts.
In...
Addressing vehicle trade-in pain points: Building trust with education — Micah...
Dealers have been turning to consumer trade-ins as a key source of inventory, so why are trade-ins a pain point for buyers and sellers?...
Fisker adjusts production target, reports another loss in Q1
In its quarterly financial report, Fisker announced it was cutting its yearly production goal of 42,400 units to a range of 32,000 to 36,000...
Lucid reveals mixed bag of first-quarter earnings, struggles to spur demand
Amidst growing concerns over brand recognition, electric vehicle manufacturer Lucid has published its quarterly financials, revealing a mixed bag of encouraging growth and ongoing...
Speed in car sales: How to shorten customer wait times —...
On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Sean Gardner, instructor and sales trainer at the Joe Verde Group, to...
Warren Buffet, Charlie Munger decline to pick winner in EV race
In remarks given during a weekend conference, CEO Warren Buffet and vice chairman Charlie Munger, both of investment firm Berkshire Hathaway, expressed uncertainty over...
Farley confirms Apple CarPlay, Android Auto will stay in Ford vehicles
CEO Jim Farley reaffirmed Ford's commitment to continue supporting third-party apps such as Apple CarPlay and Android Auto in its vehicles during a May...
What dealerships need to do to attract tomorrow’s top talent —...
Welcome back to another edition of Inside Automotive with your host Jim Fitzpatrick, on the CBT Automotive News Network. We are pleased to be...
UAW won’t endorse Biden without EV promises, calls Trump re-election a...
The United Auto Workers (UAW) union is refusing to endorse President Biden's reelection campaign until his administration addresses concerns arising from the electrification of...
