Tag: car business

In October 2024, new vehicle sales are expected to rise by 10% compared to September, while maintaining a seasonally adjusted annual rate (SAAR) of...

As the automotive market undergoes significant transformations, affordability remains a critical issue for consumers. However, emerging trends in leasing and cash transactions offer a...

Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the...

Nearly 80 members of Congress, including Senate Majority Leader Chuck Schumer and Senator Dick Durbin, have called on automaker Stellantis to fulfill its investment...

Tesla reported a strong net income of $2.2 billion for the third quarter (Q3), reflecting a 17% increase compared to the same period last...

Hyundai Motor has reported a 7% drop in third-quarter operating profit, citing a slowdown in demand and increased competition in the global auto industry....

According to COO Adam Chamberlain, Lithia Motors successfully reduced expenses by $200 million by the end of the third quarter, surpassing its original cost-cutting...

Top stories Lawmakers urge Stellantis to honor UAW investment commitments amid rising tensions. Read More Tesla posts robust Q3 earnings with $2.2B net income. Read More Hyundai...

As front-end gross profits continue to dwindle due to inventory normalization post-COVID, dealerships are placing an even greater emphasis on their F&I departments to...

Car subscription services are gaining traction as an alternative to traditional car ownership models by offering flexibility and convenience in an all-inclusive package. Here,...