Publics Report Decline in New-Vehicle Gross Profits
Analysts predict further declines while auto retailer CEOs predicted sustained gross profits higher than 2019.
Analysts predict further declines while auto retailer CEOs predicted sustained gross profits higher than 2019.
Says its production hit a record in first six months as sale rise.
Traditional lines do well as EV unit loses more than expected.
Reuters says US EV market leader inflated batteries’ capacity in ads, dashboard meters.
Cox Automotive says that though some consumers are being priced out of the market, it’s rebalancing.
Diversified holdings company believed to be raising cash to help fund new Nashville stadium.
The automaker’s popular crossover, the Rogue, saw a 69% increase in sales in the first half of the year.
Holiday shopping didn’t stop supplies from surpassing previous year highs.
GM, Stellantis, five others aim to build bigger charger network than US EV market leader’s.
Collaboration integrates data sets with AI to create analytics products.
The volume-weighted, overall truck segment decreased 0.50%, smaller than the prior week’s decrease of 0.70%, though all 13 truck segments fell.
S&P Global Mobility also raises full-year expectations as industry continues pandemic recovery.
![CEO Mary Barra told shareholders that, '… we are taking new steps that will reduce GM’s costs and improve our [electric vehicle] margins over time.' - IMAGE: General Motors](https://dealerimages.bobitstudios.com/upload/auto-dealer-today/content/news/2023-07/mary-barra-__-600x300-mc.png)
Automaker says North American performance was down.
Report says EPA ratings have several challenges that make some in the industry question their accuracy.
Milestone puts battery-electric models in third place behind hybrid-electrics and gas-powered models.
Kelley Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots.
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