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Cole Frankman, Dealer Principal, has observed as the market grapples with high inflation, affordability has become a significant concern.

Dealer principal warns: affordability challenges loom for car buyers – Cole...

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Independent dealers typically have a price advantage that is attractive to consumers, especially now as inflation remains high. Cole Frankman, Dealer Principal of Frankman...
In a significant show of support for CEO Elon Musk's leadership, Tesla shareholders have approved his $56 billion pay package

Tesla shareholders approve Elon Musk’s $56 billion pay package

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In a significant show of support for CEO Elon Musk's leadership, Tesla shareholders have approved his $56 billion pay package, marking a big incentive...
Jeep has officially confirmed the launch of an all-electric Renegade, starting at under $25,000, as a strategy to expand into new markets.

All-Electric Jeep Renegade confirmed to start under $25,000

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Jeep has officially confirmed the launch of an all-electric Renegade, starting at under $25,000, as part of its strategy to expand into new markets....
I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us.It’s been a tough quarter for many of the legacy automakers. highways emissions

Consumers shift to used cars amid frustration with tech-heavy new models

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Welcome back to the latest episode of the Future of Automotive on CBT News, where we put recent automotive and mobility news into the...
In February, Ford disclosed it's committed to developing an affordable EV platform, comprised of notable talent like Alan Clarke.

Ford hires top talent from Tesla, Rivian, and more to develop...

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In its bid to introduce more affordable electric vehicles, Ford has aggressively recruited top engineers from leading EV companies like Tesla, Rivian, Apple, and...
Ionna has revealed its HQ will be in Durham, North Carolina, featuring a “Quarterback Lab” designed to address charging issues.

Ionna establishes headquarters in Durham, NC, to revolutionize EV charging infrastructure

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Late last year, seven major automakers—BMW, Honda, General Motors, Hyundai, Kia, Mercedes-Benz, and Stellantis—announced a joint venture to build accessible public DC fast charging...
Electric vehicle startup Fisker announced on Wednesday that thousands of Ocean SUVs in North America and Europe are being recalled due to software issues, necessitating an over-the-air software update.

Fisker recalls thousands of Ocean SUVs in U.S. and Europe due...

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Electric vehicle startup Fisker announced on Wednesday that thousands of Ocean SUVs in North America and Europe are being recalled due to software issues,...
When dealerships talk about connected marketing, they mean ensuring that related channels like search engine marketing.

Connected marketing: What is connected marketing and why does it matter...

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Car dealerships receive sales and service leads through many channels. While your dealership’s experience may vary, many dealerships spend their monthly advertising dollars on...
GM has revised its EV production target for 2024, lowering it to 200,000-250,000 units due to slower-than-expected demand growth.

General Motors adjusts EV production targets amid slower demand growth

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General Motors (GM) has revised its electric vehicle (EV) production target for 2024, lowering it from 200,000-300,000 units to 200,000-250,000 units due to slower-than-expected...
Kia has recalled 2,401 of its newly launched EV9 electric SUVs in the U.S. due to inadequate headliner protection during a crash.

Kia recalls over 2,000 EV9 electric SUVs due to inadequate headliner...

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Kia has announced a recall for 2,401 of its newly launched EV9 electric SUVs in the U.S. due to inadequate headliner protection during a...