Electric vehicle sales swung sharply in October as the expiration of federal incentives reshaped EV demand and consumer buying behavior heading into the new year. On today’s episode of Inside Automotive, Urban Science’s Global Lead for Advanced Analytics, Tom Kondrat, shares market insights and what dealers should be aware of as the new year approaches….
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…
The electric Tesla Model Y SUV (Image source: Tesla) After months of decline in Sweden’s EV market, Tesla has staged a strong comeback. The Model Y surged back to first place with a 492% jump in September registrations, while used Teslas are also regaining value and lifting the resale market. Tesla has had a difficult…
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….
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: Elon Musk predicts that Optimus humanoid robots will eventually make up over 75% of Tesla’s value, with the company’s long-term growth tied heavily to AI and robotics. Optimus is still in development, undergoing internal testing, and industry analysts remain skeptical about Musk’s $25 trillion valuation claims. Tesla’s core automotive business faces challenges,…
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…
Lotlinx recently released its 2025 Q2 Vincensus Report, a quarterly analysis detailing the state of the automotive industry across major OEMs. In today’s episode of CBT Now, Kerri Wise, chief marketing officer at Lotlinx, unpacks the report’s key findings and how dealers can better manage their inventories. The second quarter was heavily shaped by the…
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…