Boon or burden? Automakers" use of right of first refusal in dealership buy-sells aids some, hinders others
The right of first refusal in dealership buy-sells has helped minority dealers acquire stores, some their first, and is a tool many automakers say can help them manage their franchises. But others say an increased use of the tool can hurt factory-dea.....»»
Toyota tops supplier scorecard
Five of six automakers tracked by Plante Moran in its annual supplier Working Relations Index study improved their scores, even as changes in electrification plans and tensions over pricing continue to be a pain point......»»
Six public franchised dealership groups sweeten 2023 CEO pay with extras as Lithia"s DeBoer sees largest gain
Lithia, AutoNation, Asbury, Penske, Sonic and Group 1 pay a relatively modest base CEO salary but then sweeten compensation with other incentives. DeBoer's 2023 total jumps 73 percent......»»
CallRevu buys TotalCX, aims to dominate dealership calling tech
Private equity firm Serent Capital wants to grow CallRevu into a major player for retail automotive industry call monitoring analytics software......»»
Connected cars’ illegal data collection and use now on FTC’s “radar”
The regulator is warning OEMs to respect data privacy or it will get mad. Enlarge (credit: Getty Images) The Federal Trade Commission's Office of Technology has issued a warning to automakers that sell connected cars. Co.....»»
Penske Truck Leasing to offer REE electric truck to fleet customers
REE's partnership with Penske Truck Leasing is a boon for the electric truck and chassis company at a time EV startup successes are rare......»»
Genesis dealership count triples
Genesis now has 35 exclusive storefronts across the U.S., helping to edge the premium brand away from mainstream Hyundai......»»
8 automakers misled customers about giving driver data to police, lawmakers say
The lawmakers' findings raise questions about whether automakers can be held to account for departing from promises made about user privacy......»»
Miami dealership outfits police department with Rolls-Royce
Miami Beach police plan are using a 2012 Rolls-Royce Ghost on loan from Braman Motors as a recruitment tool......»»
Honda OK to reject store acquisition by poor-performing dealership, court rules
For the third time, a Honda dealership with one of the lowest retail sales effectiveness scores in Ohio has lost a bid to require American Honda Motor Co. to approve its acquisition of another store......»»
More stable new-vehicle production means higher Q1 sales for suppliers
More stable new-vehicle assembly meant higher sales numbers in the first quarter for many North American suppliers, another welcome sign for parts makers hoping for more consistent production schedules form automakers......»»
In the race for space metals, companies hope to cash in
Mining asteroids could reduce the burden on Earth’s resources. Will it live up to its promise? Enlarge / An illustration depicts a NASA spacecraft approaching the metal-rich asteroid Psyche. Though there are no plans to mine P.....»»
N.Y. Chevrolet dealership introduces delivery coordinator position to foster employee growth
A coordinator will do anything, from ensuring a customer knows how to use their new vehicle's technology to helping answer insurance and other general questions......»»
Automakers hedge their bets with plug-in hybrids as EV sales slow
Originally regarded as stopgap solutions, hybrids are in it for the long haul. Enlarge (credit: Honda) Global carmakers are stepping up their investment in hybrid technologies as consumers’ growing wariness over fully.....»»
China"s vehicle exports hit record high in April as domestic sales fall
Facing trade threats in Europe, Chinese automakers have been actively exploring South America, Australia and ASEAN markets for exports......»»
Mazda dealership milestone represents new era for the brand
The Retail Evolution facility program is a critical part in its goal to move upmarket......»»
Tesla’s new hands-free trunk feature will be a boon in certain situations
Tesla owners who find need assistance opening their trunk when their hands are full can now make use of a new feature......»»
First Black female Lexus dealer Ellenae Henry-Fairhurst dies
Henry-Fairhurst made her landmark purchase of an Infiniti dealership in 1999......»»
GM logistics supplier Proficient Auto raises $215 million in IPO
The company, which transports finished vehicles from manufacturers and shipping ports to auto dealerships, provides services to GM, Stellantis, Toyota and other automakers......»»
NADA Academy preps future dealership owners, staff for changing times
Through in-person and online classes, the National Automobile Dealers Association trains dealership staff and future owners to face an industry challenged by consolidation, inflation and the perils of new technology......»»
Bike brands start to adopt C-V2X to warn cyclists about cars
More automakers will need to adopt C-V2X to see a real benefit, though. Enlarge / A C-V2X bicycle can alert a C-V2X-enabled car to its presence—note the large yellow icon on the screenshot of the Audi's digital instrument displ.....»»