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Newsby StaffJanuary 23, 2023

General Motors Manufacturing Investments Include ICE Engines

The Detroit automaker has earmarked $854 million to prepare four plants to produce its sixth generation Small Block V-8 engine.

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Newsby StaffJanuary 23, 2023

Auto Sales Decline in December

Cox reports that in the auto sector sales of motor vehicles and parts fell in December.

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Newsby StaffJanuary 20, 2023

AutoFi and Santander Consumer USA Scale Innovative Self-Service Finance Solutions to Over 13K Dealers

Bringing to market digital products that meaningfully improve the ability for consumers and dealers to interact with the lender and simplify the car buying experience.

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Newsby StaffJanuary 20, 2023

Portfolio Promotes Childers to Managing Director

Portfolio has promoted 21-year industry veteran Cliff Childers to the position of managing director.

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Newsby StaffJanuary 19, 2023

Customers Less Satisfied with Buying Process in 2022

New research from Cox Automotive shows consumer satisfaction with the car buying process declined in 2022 for the second consecutive year.

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Newsby StaffJanuary 19, 2023

Tesla Leads in Profit Per EV

Tesla has built a commanding lead over most major rivals in profit per vehicle, according to Reuters research.

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Newsby StaffJanuary 19, 2023

Auto Leases Fell in 2022

TransUnion research finds a lack of inventory and low interest rates turned consumers away from leasing new cars and trucks over an 11-month period.

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Newsby StaffJanuary 18, 2023

Carvana Lays Off More Workers

Cost-saving moves also include reduced hours as it tries to keep up with debt payments.

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Newsby StaffJanuary 18, 2023

GM Appeals Stellantis Case to Supreme Court

Takes to highest court the racketeering lawsuit it filed in 2019.

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Newsby StaffJanuary 18, 2023

Car Financing Costs Will Keep Rising This Year

Interest rates will continue climb, eating into inventory improvements’ effect.

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