Tag: auto sales news
Could low sales push automakers to abandon the EV market? –...
All eyes are on the electric vehicle market as automakers, politicians and consumers push for clean energy. But what do the numbers actually show...
March inflation increases 0.3%, in spite of interest rate hikes, bank...
Newly released economic data suggests that inflation increased in March, as predicted by market analysts.
The core personal consumption expenditures (PCE) price index captured a...
Group 1 Automotive beats Q1 revenue forecast, but sees net income...
Group 1 Automotive reported a revenue of $4.13 billion for the first quarter, beating forecasts and setting a new record for the period.
A Zacks...
Are dealers prepared to change for the customers of tomorrow? —...
Dealers are still enjoying tremendous profits despite the economic headwinds and inventory constraints. But with the changing technological landscape and the evolution of consumer...
VW and GM EVs to keep full tax credit under Treasury’s...
With the Treasury Department's new domestic sourcing guidelines for electric vehicle batteries now in effect, two major players in the U.S. automotive sector have...
Tesla reveals lower profits, new Cybertruck details during Q1 earnings call
During Tesla's quarterly earnings call, worries over the automaker's declining profits were confirmed as the company revealed its net income had declined 24% from...
The dealership M&A landscape is changing: Is now a good time...
With economic headwinds and the return of competitive pricing at the dealership, many storeowners want to know if now is a good time to...
How far into 2023 will used car prices stay inflated? —...
As used car prices remain well above industry norms, more and more dealers are asking how long the trend will last. On this episode...
New Nautilus SUV from Lincoln promises a ‘multi-sensory’ driving experience
On April 17, Ford's luxury brand, Lincoln, unveiled a new version of its Nautilus SUV to be shipped from China to the U.S. starting...
Surprising shifts in new and used pricing, sales, inventory seen in...
March proved to be an eventful month for the auto industry as the pricing, inventory and sales dynamics surrounding new and used vehicles changed.
Average...
