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Newsby StaffJune 16, 2022

Honda and Sony Corp. Ink Deal for High Value EV Venture

Honda Motor Co. and Sony Corp. have entered agreement to set up a “high-value-added” electric vehicle venture under the name Sony Honda Mobility Inc.

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Newsby StaffJune 16, 2022

GM and Ford CEOs on Heightened Watch for Signs of a Recession

General Motors and Ford Motor Co. CEOs say they are watching for signs of a U.S. recession, despite demand for autos being strong.

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Newsby StaffJune 16, 2022

Cox Automotive Dealer Sentiment Index: With COVID-19 Concerns Mostly in the Rearview Mirror, Auto Dealers’ Attention Turns to Inflation, High Costs and Tight Inventory

U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment.

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Newsby StaffJune 14, 2022

Automaker Production Schedules Continue Freefall Due to Chip Shortage

The number of vehicles canceled from automaker production schedules worldwide due to the shortage now exceeds 2 million, according to AutoForecast Solutions.

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Newsby StaffJune 14, 2022

Automakers Urge Congress to Lift EV Tax Credit Cap

Automakers have urged Congress to lift a cap on the $7,500 electric vehicle tax credit.

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Newsby StaffJune 13, 2022

Black Book Used Vehicle Retention Index Jumps 3.4 Points

Index reverses a 3-month slide and increases to 188.8 points in May 2022 as tight new inventory and record low incentives push used wholesale prices up across most segments.

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Newsby StaffJune 10, 2022

Capstreet-backed Credit Bureau Connection Adds David Carner as CEO

Leader with deep tech, M&A and business development experience to drive CBC’s next stage of growth.

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Newsby StaffJune 10, 2022

PureCars Announces Stephanie Ferri as Chief Executive Officer

In his new role, Mr. Ferri will focus on driving PureCars’ growth strategy, including broadening its offering in the advertising technology sector and increasing market penetration.

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Newsby StaffJune 9, 2022

Digital Air Strike Expands CX Inventory Merchandising Technology Solutions with Google Vehicle Ads

Dealerships dominate search and social platforms with Advanced Vehicle Details page, In-Market Shopper Targeting, and Real-time Available Inventory.

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Newsby StaffJune 9, 2022

CarOffer Launches PremiumXchange™, Creating the Largest Non-Affiliated Online Pre-Owned Vehicle Exchange Desk in the U.S.

Over 10,000 enrolled dealerships enabled to exchange vehicles at pre-determined prices.

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