Tag: automotive industry news
More inventory, more sales: analyzing the second quarter — Jeff Dyke...
Despite the announcement of suspending operations at several EchoPark locations and delivery/buy centers, Sonic Automotive is yet again reporting all-time revenue records. On this...
Weekly roundup: Stellantis posts record earnings, Tesla’s 7-year financing, new AI...
Earlier this week: Stellantis reported record-breaking earnings of $12.1 billion, a 37% increase in net profit, and a 12% year-over-year revenue growth to $109...
Economy outpaces Q2 forecasts, Fed hikes interest rates
The American economy grew faster than expected in the second quarter, leading the Federal Reserve to raise interest rates once more in an effort...
Streamlining title and registration for out-of-state sales — Kane McCord |...
Finalizing a vehicle's title and registration has been streamlined as technology revolutionizes the industry. But with software from leading vendors, dealers today are able...
7 automakers partner on electric vehicle charging in U.S.
Seven automakers are partnering to build thousands of universal electric vehicle chargers in an attempt to boost sales in the U.S.
The new joint venture...
Stellantis posts record profit in first half of 2023, margins stall...
Stellantis reported record-breaking earnings for the first half of 2023, attributing the success to rising demand and stabilizing supply chains.
Over the first six months...
Electric vehicle affordability blocking lower-income buyers from market
Car buyers are warming up to the electric vehicle segment but continue to cite affordability as a key obstacle to making the switch from gas.
Low-income shoppers...
J.D. Power, Palantir to partner on artificial intelligence tools for dealers,...
J.D. Power has announced a new partnership with data analytics firm Palantir Technologies to create artificial intelligence solutions for the car business.
In a press...
General Motors raises yearly guidance, but felt profit pressures in Q2
General Motors saw a complicated second quarter during which its profits rose significantly but with tighter margins than the year before.
According to its quarterly...
Enhancing your dealership’s social media strategy with AI — Gail Rubinstein...
Social media and artificial intelligence have completely transformed the way dealers connect and interact with customers. On this episode of Inside Automotive, host Jim...
