Automotive News Daily Drive Nov. 6, 2025 | CarMax’s CEO fired amid financial weakness; S&P Global Mobility’s Stephanie Brinley on hybrid vehicle tech
Nov 6, 2025
Molly Boygon, a technology and innovation reporter for Automotive News, dives into the Supreme Court's discussion on trade-tariff challenges. She highlights the legal complexities and justices' skepticism. Joining her is Stephanie Brinley from S&P Global Mobility, who unpacks the evolving landscape of hybrid vehicles. She shares insights on consumer adoption, performance benefits of extended-range electric systems, and compares plug-in hybrids with traditional EVs, illustrating hybrids' vital role in today's auto market.
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CarMax Leadership Shift Reflects Weaker Demand
- CarMax replaced CEO Bill Nash to strengthen sales, profitability, and cut costs amid a weak Q3 outlook.
- The company forecast same-store sales down up to 12% and cited soft retail demand plus wholesale depreciation.
Nissan's Global Capacity Retrenchment
- Nissan will close its joint factory with Mercedes in Mexico and has shut six of seven targeted plants to cut capacity.
- Nissan plans to trim capacity by up to 3 million vehicles by 2028 and monetize its Yokohama HQ to free capital.
SEMA Highlights Diverse Performance And EV Creativity
- SEMA showcased bold concept vehicles blending performance and alternative powertrains across many OEMs.
- Builds ranged from Ford's 300-hp Maverick street truck to Toyota's hydrogen Tacoma and retro concepts.