Craft Automotive to sell Honda, Hyundai, Stellantis dealerships to Carter Myers Automotive
Craft Automotive Group said it signed an agreement to sell three dealerships to Carter Myers Automotive. The transaction is slated to close in August......»»
The top 5 stories of the week: Nissan"s wholesale push; EVs not turning profits
Here's a quick look at the top automotive stories of the week......»»
Stellantis lays off about 400 salaried employees in U.S.
Stellantis blamed the layoffs, which are effective March 31, on "unprecedented uncertainties and heightened competitive pressures around the world.".....»»
Hyundai, Genesis, Kia take center stage at New York auto show
In a move indicative of their surge in popularity among U.S. consumers, Hyundai, Genesis and Kia steal the spotlight at the 2024 New York auto show. Nissan plays a supporting role......»»
Aston Martin, in midst of turnaround, hires Bentley"s Adrian Hallmark as CEO
Adrian Hallmark, a seasoned automotive executive, had become a recruitment target for Aston Martin after returning Bentley to consistent profitability. .....»»
Automotive AI poses EV range and sustainability challenge
Powerful software requires increases in the building blocks of computation, which also require power draw......»»
Lincoln dealers work to sell down glut of 2023 models
The luxury brand has boosted incentives to help dealers clear 2023 models that arrived late because of quality issues and the UAW strike......»»
Hyundai, Kia to recall 147,100 U.S. vehicles over damaged charging unit, NHTSA says
Hyundai will recall 98,878 vehicles, affecting certain Ioniq and Genesis models, while Kia will recall 48,232 vehicles impacting certain EV6 models......»»
Genesis brand names Troy Saito to direct U.S sales and operations
Saito will oversee all U.S sales and retail operations and focus on strategy and retailer operations. He will be working closely with all 239 domestic dealerships, Genesis said......»»
Pickup slowdown: 5 key trends from January EV registration data
Rivian's R1T pickup is losing traction, startups are struggling, and Tesla's growth is cooling. But German luxury makers and Hyundai brands find a sweet spot in the U.S......»»
Automakers lose about $6,000 on every EV they sell
For the most part, automakers are not meeting consumer expectations for EVs, according to a report by Boston Consulting Group......»»
Land Rover, Mitsubishi, CDJR, Nissan of Shelby dealerships sell
Nissan of Shelby gets a fresh start, a minority owned dealership group expanded by two stores and another group acquired its first Land Rover dealership......»»
Dealerships" responses to website inquiries improving, new study shows
Pied Piper's study, released this month, ranks dealerships on a 100-point scale based on how they respond to mystery customer inquiries on their websites within 24 hours......»»
Credit unions and banks fall to captives in auto finance market share
A return of captive finance incentives is likely driving the shift in market share, said Experian's senior director of automotive financial solutions......»»
Holman nearly doubles auto retail business with Leith Automotive megadeal
The transaction closed this week and nearly doubles Holman's auto retail business. It's the latest in a slew of large dealership group acquisitions......»»
2024 Hyundai Santa Fe: 7 cool things
The redesigned 2024 Santa Fe has the design of a conventional sport utility, a longer wheelbase, more upright posture and a rugged XRT trim......»»
The Honda CR-V e:FCEV is a plug-in fuel-cell hybrid nobody asked for
Hydrogen has problems, and this isn't a solution, but it's a decent CR-V. Enlarge / We still think hydrogen fuel cells make more sense for static generators like the ones in the background, but Honda decided to make a fuel cell-p.....»»
Franchised used-car dealer sentiment lowest since pandemic, Cox survey shows
Franchised and independent dealers also reported year over year growth or stability in used-car inventory mix, Cox Automotive's latest Dealer Sentiment Index says......»»
Hyundai Ioniq 9: price, release date, range, and more
The Hyundai Ioniq 9 is coming, and it's expected to improve the selection of inexpensive electric SUVs. Here's everything we know about the Ioniq 9 so far......»»
Honda Canada to slash dealer margins by up to 44%, several dealers say
Honda Canada would not confirm the details nor address questions about the changes to margin for its close to 250 dealers across the country. In a statement, the company said it does not “share the details of our business relationship with our deal.....»»
Franchised dealer sentiment lowest since pandemic, Cox survey shows
Franchised and independent dealers also reported year over year growth or stability in used-car inventory mix, Cox Automotive's latest Dealer Sentiment Index says......»»