Tag: automotive industry insights
The halfway point: where car dealers see themselves in the next...
For the better part of seven decades, the Courtesy Automotive Group, one of the top car dealers in the U.S., has been known for...
How to avoid odometer fraud when acquiring used inventory — Kirsten...
Inventory is higher than it has been for dealers, but not by much, and dealers still need to fill their lots. On today’s CBT...
Tesla CFO steps down amidst falling margins and electric vehicle price...
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has formally resigned from his position, ending a 13-year tenure at the...
Used vehicle sales rise in July as prices and inventory decline
Used vehicle sales increased in July as customers prioritized affordable car prices and inventory normalized from 2022's tumultuous market conditions.
According to Cox Automotive data,...
Fire risk recall impacts more than 113,000 Hyundai and Kia vehicles
On August 3, 2023, Hyundai and Kia announced they were recalling more than 113,000 newer vehicles in the U.S. due to potential fire risks...
Lucid slashes price of its Air sedan due to growing competition
Electric vehicle maker, Lucid, cut prices of its Air luxury sedans by as much as $12,400. The cuts are part of an ongoing offer...
UAW to demand 46% pay increase, Big Three car manufacturers respond
The United Auto Workers (UAW) union is set to demand the largest pay increase on record as it continues contract negotiations with car manufacturers...
Nikola names Stephen Girsky as its fourth CEO
On August 4, the electric vehicle manufacturer Nikola named its fourth CEO in several years as it attempts to negotiate several difficulties, such as...
Fisker scores positive margin on electric vehicles but lowers production goal
Fisker has reduced its annual production guidance for 2023 following a complicated second quarter for the electric vehicle brand.
The car manufacturer earned only $825,000...
GM reaches first robotaxi union agreement
Cruise robotaxi, a division of General Motors, announced on August 3rd that it had signed the first labor union agreement in the autonomous vehicle...
