On the Dash: GM raised its 2025 adjusted core profit outlook to $12–$13 billion, signaling stronger-than-expected earnings and tariff relief. EVs remain a small portion of total sales, and GM canceled its dealer-led tax credit extension, reflecting ongoing challenges in stimulating EV demand. CEO Mary Barra emphasizes reducing EV overcapacity and letting customer demand guide…
The U.S. automotive market faces ongoing affordability pressures even as certain segments, particularly luxury vehicles and hybrids, continue to see robust growth. Joining us on today’s episode of CBT Now is Kevin Roberts, the Director of Economic and Market Intelligence at CarGurus, to discuss the company’s latest Q3 Intelligence Report, which reveals trends that are shaping dealer…
On the Dash: Mercedes-Benz sales declined 12% in Q3 to 525,300 vehicles, primarily due to U.S. tariffs and weakening demand in China, while Germany and other regions showed stronger performance. BMW reported third-quarter growth, with 588,300 vehicles sold, led by strong performances in Europe and the U.S. Both automakers are navigating global trade tensions, shifting…
On the Dash: China will require export licenses for EVs starting in 2026, limiting applications to automakers and authorized firms. The move targets unregulated traders whose exports have hurt after-sales support, brand reputation, and pricing abroad. EV exports from China reached 1.65 million units in 2024, nearly double 2022 levels, highlighting rapid growth. China will…
On the Dash: California will not replace the expiring $7,500 federal EV tax credit, with Gov. Gavin Newsom citing budget constraints and prioritizing infrastructure over direct subsidies. Automakers lose hoped-for state relief, as companies like Rivian, Hyundai, and Volkswagen had urged California to offer a $5,000 incentive to offset the federal rollback. Newsom escalates tensions…
On the Dash: Rivian has begun construction on its $5 billion Georgia plant even though the Trump administration ended the $7,500 federal tax credit for EV buyers. The Georgia facility, with a planned annual capacity of 200,000 vehicles, is key to Rivian achieving the scale necessary to profitably produce lower-priced R2 and future R3 models….
ICYMI: Volkswagen is considering a significant investment in the U.S. as tariffs affect its earnings. Tesla’s market share in the U.S.EV sector has dropped to its lowest level in eight years due to increasing competition. Stellantis has reinstated a third shift at its Windsor facility, while General Motors has postponed its planned cuts in Oshawa due…
On the Dash: Lucid confirmed a third midsize EV, based on the Gravity X concept, priced around $50,000, targeting the Tesla Model 3 and Model Y market segment. The Gravity X concept features off-road upgrades and premium interior touches, with production expected to start in early 2027 for the SUV, followed shortly by a midsize…
On the Dash: At $45,000, the R2 brings Rivian closer to mainstream buyers, signaling more attainable EV options for customers. Higher import costs and the loss of tax credits will affect Rivian’s pricing power, potentially influencing how dealers position EVs. Plant upgrades in Illinois and Georgia show Rivian’s push toward scale, which could stabilize availability…
EVgo has secured a $225 million senior secured, non-recourse credit facility from five major banks, positioning the EV charging company to rapidly grow its national network by adding more than 1,500 new DC fast chargers. The deal includes an option to increase the credit line by $75 million to support further expansion. Stakeholders are hailing…