Dealers' #1 source for auto industry news, content, coaching & analysis

Home Tags Automotive industry news

Tag: automotive industry news

Carvana revealed its plans to raise capital and restructure operations by selling up to $1 billion in shares. 

Carvana announces Q2 earnings, reaches debt restructuring agreement

0
On July 19, used-car retailing giant Carvana released its second-quarter earnings and announced an agreement to reduce the company's total debt by over $1.2...
Last week, Garcia Subaru North joined the Make-A-Wish foundation and fulfilled a special wish from a teenage brain cancer survivor.

Teen’s dream shopping spree comes true thanks to Garcia Subaru North,...

0
In northeast Albuquerque, New Mexico, Garcia Subaru North joined the Make-A-Wish foundation and fulfilled a special wish from a teenage brain cancer survivor. As reported...
A lawsuit opposing a new Georgia factory proposed by Rivian has hit a roadblock after the state supreme court refused to hear an appeal.

Rivian to receive massive tax breaks in Georgia after appeal attempt...

0
A lawsuit opposing tax incentives for a new Georgia factory proposed by Rivian hit a roadblock on July 14 when the state supreme court...
The Prince Toyota dealership of Tifton, Georgia, has donated $5,000 to the Tift Regional Medical Center (TRMC) Foundation.

Prince Toyota dealership donates $5,000 to Tifton medical foundation

0
The Prince Toyota dealership of Tifton, Georgia, has donated $5,000 to the Tift Regional Medical Center (TRMC) Foundation to help the organization provide better...
Sean Gardner joins Inside Automotive to discuss techniques for closing the sales process and winning over more customers.

Understanding the sales process: how to close more deals — Sean...

0
Closing is a critical step in the sales process, and having a technique that works almost every time can make things much easier on...
Get ready to explore the dynamics of key industry players as they forge strategic partnerships and accelerate the growth and success of their dealerships.

Lithia sells 3 dealerships, Young Auto Group expands into Montana

0
The summer heat has ignited a wave of merger and acquisition (M&A) activity in the automotive industry. As the temperature rises, so does the...
Lotlinx hires, promotes four with more than 85 combined years of industry experience to grow dealer partnerships and automate inventory management.

Lotlinx expands executive team to help dealers take control of inventory...

0
Peterborough, N.H. (July 17, 2023) – Lotlinx, the auto industry’s leading VIN-specific data solution for inventory management, expanded its executive team to better help...
Tesla has officially built its first Cybertruck at its Texas factory, but questions still remain about the electric pickup.

Tesla produces first Cybertruck at Texas factory ahead of Q2 earnings...

0
Tesla has officially built its first Cybertruck, possibly placing the brand within stone's throw of a climactic end to the electric pickup's four-year-old saga. The...
Registration data from Experian suggests that legacy automakers are struggling to build momentum in the electric vehicle market.

Electric vehicle models struggling to maintain last year’s sales pace

0
Registration data from Experian suggests that legacy automakers are struggling to build momentum in the electric vehicle market, despite the sizeable growth in the...
Patrick Manzi joins Inside Automotive to look back at the 2023 auto market and discuss what may be in store for the remainder of the year.

The 2023 auto market: a look back at the first six...

0
The U.S. auto market saw an uptick in sales and inventory over the course of 2023, as dealers and car manufacturers made progress clearing...