Tag: automotive news
Car buyers see credit access improve in July as loan approvals...
Car buyers saw credit access improve in July to the highest point since March, when the collapse of several banks caused lenders to adopt...
OEM executives see new normal for pricing, sales model in survey
OEM executives believe that the COVID pandemic has created a new normal for certain aspects of the car market, according to a survey conducted...
UAW president Fain denounces Stellantis proposal amidst negotiations
Shawn Fain, president of United Auto Workers (UAW), denounced an agreement offered by Stellantis amidst ongoing contract negotiations between Detroit automakers and union representatives.
In...
New car prices see slight increase in July as inventory recovers
New car prices rose only 0.4% year-over-year in July, the smallest annual increase in a decade.
According to Cox Automotive, average transaction prices reached $48,334...
Why relationships are crucial to fixed operations growth — MC Watson...
Driving more consumers into the service bay is important for car dealers looking to grow their business, especially considering that fixed operations revenue typically...
Lucid reaffirms production target despite underwhelming earnings
Lucid has confirmed it is on track to meet its annual production target of 10,000 electric vehicles, despite scoring lower-than-expected revenue in the second...
General Motors expands V2H-capable electric vehicle lineup
General Motors plans to offer bidirectional charging technology, also known as vehicle-to-home (V2H) charging, on a wider list of upcoming electric vehicles than previously expected,...
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...
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,...
