Carvana’s Q3 earnings beat Wall Street estimates, leading the company to lift its 2024 outlook “significantly above” its original forecast. (3 min. read)
The European Commission, which oversees EU trade policies, contends that Chinese automakers have an unfair advantage in Europe. (2 min. read)
The automaker says U.S. dealer inventories were slashed by 80,000 units this quarter, with more reductions to come. (2 min. read)
Direct-to-consumer sales are gaining traction.
Used car prices are dropping faster than new ones, pushing demand toward pre-owned models. (1 min. read)
Lucid’s second electric vehicle, the Gravity SUV, is set to open for customer orders next week, marking a significant point in the company’s growth. (3 min. read)
The two auto giants recently laid out plans to tackle these ambitious, high-cost ventures. (2 min. read)
Featuring Sanjiv Yajnik and Kris Gaerlan
Dealerships are leaning on captives for flexible financing as inventories rise and credit conditions remain tight. (2 min. read)
Cyberattacks against the auto industry have continued to rise since this summer, putting additional pressure on dealerships to protect their consumers’ data. (2 min. read)
Ford’s Q3 results reflect progress, challenges, and a strategic shift toward balancing growth with profitability. (2 min. read)
Certified pre-owned sales are declining as dealers work with limited inventory and fewer off-lease vehicles. (3 min. read)
