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Ford dodges UAW strike, used car prices fall, EV startups report Q4 earnings, Fisker expands dealer network, and Cruise shakes things up.

Weekly roundup: Ford averts UAW strike, Fisker expands dealer network, Cruise...

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Earlier this week: Ford narrowly averted a UAW strike at its Kentucky Truck Plant by reaching a tentative agreement. A ratification vote is pending...
The UAW is committing $40 million to fuel its unionization efforts across multiple automaker facilities in the U.S.

UAW to spend $40 million on unionization campaign over next 2...

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The United Auto Workers (UAW) union is now committed to spending $40 million on its labor organization campaign, which is currently underway at non-union...
Electric vehicle brands Lucid, Rivian, and VinFast posted financial results this week that underscored the market's current struggles.

Electric vehicle startups post mixed Q4 earnings results

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Three electric vehicle startups, Lucid, Rivian, and VinFast, posted their fourth-quarter results this week amidst a backdrop of souring forecasts on the battery-powered car...
In a recent study by Recurrent, it suggests that range anxiety is not a significant problem for the average daily driver.

New study debunks range anxiety myth for EVs

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Since introducing electric vehicles (EVs) to the automotive sector, several consumers have lingered around the prevalent issue of range anxiety. Range anxiety refers to the...
April Simmons joins Inside Automotive to discuss the latest dealership marketing trends impacting the retail automotive sector.

Understanding the latest dealership marketing trends — April Simmons | Horne...

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Dealership marketing trends have evolved rapidly in recent years as consumer preferences and industry conditions have changed. With so much to keep track of,...
JT Taylor joins CBT Now to discuss the latest financial trends impacting the retail automotive sector in 2024.

How the car market is adjusting to interest rates and inflation...

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In 2023, the U.S. faced increased interest rates and rapid inflation, both of which placed heavy pressure on car buyers and retailers alike. On...
The UAW has confirmed it has reached a tentative agreement with Ford at the company's Kentucky Truck Plant, narrowly avoiding a strike.

UAW strike on hold after Ford reaches tentative agreement with union

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Ford has reached a tentative agreement with United Auto Workers (UAW) members at its Kentucky Truck Plant, narrowly avoiding the deadline to prevent another...
sales The NADA has declared several changes to its leadership team, including appointing an executive vice president for public policy.

NADA appoints new senior advocacy staff members

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The National Automobile Dealers Association (NADA) has declared several changes to its leadership team, including appointing an executive vice president for public policy. The...
Stellantis reported a decline in first-half net profit, attributed to reduced volumes, temporary production gaps, and lower market share

Stellantis CEO Tavares outlines plans for improvement in 2024

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On February 20, Stellantis CEO Carlos Tavares recently spoke to reporters about the company's performance and plans for improvement. He acknowledged areas where Stellantis...
Fixed-ops revenue and demand increased in January, offsetting declines in new and used vehicle prices and buying dealer revenues.

Dealership service revenue increases in January

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Fixed-ops revenue and service demand ticked up in January, offsetting the impact of declining car prices seen throughout the month. Data from Cox Automotive indicates...