J.D. Power: ICE vehicles are three times more profitable than EVs for retailers
LAS VEGAS — EVs have become less profitable than gas vehicles for retailers, and more costly to manufacturers, following the expiration of federal ...
Tag: profits
Automakers predict elevated margins, tight supply
Auto manufacturers expect tighter supply and elevated new-vehicle margins to remain following pandemic-driven changes during the past three years, but ...
Asbury Automotive’s $1.2B deal for Koons highlights dealership M&A strength
The deal Asbury Automotive inked last week to acquire Jim Koons Automotive Companies for $1.2 billion, the largest auto retail ...
Lower financing margin drives down Ford Credit EBT
A dip in financing margin along with lower credit loss and lease residual releases contributed to an 82.1% year-over-year decline ...
Ford, GM and other carmakers face 50% profit slump next year, UBS analysts say
Shares of automakers Ford Motor Co. and General Motors Co. took a beating Monday as outlook for the industry darkened ...
AutoNation notches record profit on pricier cars
AutoNation Inc. shrugged off a sales decline to post record profit in the second quarter as US prices for new ...
Toyota’s swelling profits belie global auto parts shortages
Toyota Motor Corp. posted quarterly operating profit well above estimates, raised its annual outlook and unveiled a 150 billion yen ...
BMW muscles through chip shortage with profit jump
BMW AG earnings jumped to beat expectations after higher vehicle prices and prioritizing money-spinning models like the $75,000 X7 SUV ...
