Tag: auto sales report
Rivian slows Q1 losses, eyes profitability by 2024
Rivian ended the first quarter with a smaller loss than last year thanks to greater revenue and successful cost-cutting measures.
The electric vehicle manufacturer saw...
Toyota forecasts higher profits in 2024 buoyed by EVs and increased...
Toyota saw quarterly profits push past the previous year's number but failed to prevent an annual loss due to the rising costs of materials.
The...
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?...
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...
Stellantis makes progress in Q1, sees easing semiconductor shortage
Higher prices and stabilizing supply chains allowed Stellantis to push first-quarter revenues and shipments ahead of their 2022 numbers.
The automaker reported net revenues of...
Ford sees sales, profits increase in Q1, but struggles with EV...
The first quarter brought stronger sales volume, cash flow and profits for American auto manufacturer Ford, according to its earnings summary released May 2.
The...
Hyundai and Kia see sales growth over April, gain steam after...
Hyundai and Kia continued to see strong U.S. sales post-first-quarter, according to April sales reports released Tuesday, May 2.
Hyundai's monthly U.S. sales totaled 70,812...