GM's Q2 earnings win, revamped SUVs coming soon, software updates from CDK Global

Hey everyone. Several exciting new job opportunities have been posted on the Dealership Guy job board recently, including:

• Remote Specialty Sales Manager at Impel

• General Sales Manager at Ron Marhofer Auto Family

• Account Executive at Edmunds

Looking for your next career move or have an open role? Check out jobs.dealershipguy.com.

— CDG

1. GM scores unexpected victory in Q2, profits boosted by strong pricing

Wall Street braced for a cyberattack hangover, but General Motors defied expectations, posting a surprise earnings jump in Q2 despite international stumbles and robotaxi setbacks.

Can their strong U.S. sales carry them through the rest of the year? … Read more

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2. Automakers revitalize SUV lineups, electrify popular models

Efficiency and affordability take center stage with five exciting new vehicle updates from major automakers hitting showrooms in 2024 and 2025. While that means a lot of popular models are getting the electric treatment, that doesn’t mean brands are neglecting their gas-powered options either… Read more

Everyone loves a summer sales event, and OPENLANE is cranking up the volume this month with DealerFest 2024, a week of deals, prizes and more in its digital wholesale marketplace.

OPENLANE is already known for offering exclusive inventory, lower fees, simple transactions and better outcomes. Now, they are headlining DealerFest by offering dealers 50% off all buy fees from July 22 - 28.

Want to learn more about DealerFest 2024 and the exciting line-up of offers? Head to openlane.com/dealerfest2024 for all of the details.

New to OPENLANE? Sign up now and receive:

• $350 buy fee credit

• Pay no sell fees until August 31

How’s that for an opening act?

3. Majority of third-party software integrations back online after CDK outages

After weeks of chaos caused by cyberattacks, car dealerships using CDK software are finally back online. But the ordeal might not be quite over.

While CEO Brian MacDonald assures that dealership management systems are restored, some dealers report lingering glitches and trouble with external integrations. An even bigger question mark hangs over data security … Read more

• Porsche waters down EV ambitions and says transition will take 'years.'

• Cadillac unveils Sollei all-electric 2+2 convertible concept.

• GM delays Orion electric truck production by another six months.

• Tesla to have humanoid robots for internal use next year, Musk says.

• Leases made up 64% of Ally Financial’s EV originations in Q2.

Thanks for reading everyone.

— CDG