Dealer optimism rides into Q1
Dealers responding to the latest Cox Automotive Dealer Sentiment Index survey rated the upcoming spring selling season the second-best market in the history of the survey......»»
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......»»
‘Trust, but verify" helps dealer group cut customers" service wait times
Auto Services Unlimited's low-cost auditing practice has cut wait times significantly and is scalable, the chain's fixed operations director says......»»
VW ID Buzz output to remain in Germany
U.S. pricing on the ID Buzz has not been finalized but will be key for dealer and VW profitability......»»
Farley, top Ford execs hit road to hear dealers" concerns
The tour comes as dealer trust levels within Ford have plummeted as the company faces continued quality woes and questions over its electrification strategy......»»
Electric Fiat 500e drawing dealer interest ahead of launch
The brand's buzz-building strategy has prompted some dealers to ask about adding the single-vehicle line, Fiat North America chief Aamir Ahmed said......»»
Asbury sells Lexus store and Baxter Auto adds Toyota dealership in Q1, Q4 deals
Asbury Automotive Group Inc. sold a Lexus dealership, Baxter Auto bought a Toyota dealership and a Puerto Rico dealer bought his first U.S. mainland store......»»
Upgraded Mitsubishi site lets customers search for cars they"re prequalified to buy
Mitsubishi has partnered with Santander Consumer USA on an online tool allowing shoppers to get preapproved for car loans and filter dealer inventory to the vehicles the consumer can afford on those approved terms. The new-vehicle prequalification fe.....»»
Fewer new-car dealerships, higher sales in 2023 lead to boost in throughput
There were more exclusive dealerships in 2023 than in 2022, and the average new-vehicle sales per franchise rose, according to Automotive News' annual Dealer Census......»»
Porsche dealer lists Tesla Cybertruck at $289,999 after buying for $244,000 at auction
The CEO of car wholesaler givemethevin.com said more Cybertrucks are heading toward auction. Tesla has an anti-flipping clause with a potential $50,000 penalty for the original buyer......»»
Dealer Census finds fewer dealerships, higher throughput in 2023
There were more exclusive dealerships in 2023 than in 2022, and the average new-vehicle sales per franchise rose, according to ' annual Dealer Census......»»
Amazon, Hyundai partnership causing concern among dealers, survey says
U.S. dealers have mixed feelings about how the partnership between Hyundai Motor and Amazon will affect the industry, according to results from Automotive News' 2024 Dealer Outlook Survey......»»
Jeep CEO turnaround plan features price cuts, ‘freedom of choice" amid EV transition
Jeep is cutting prices on some of its key models and taking new approaches to marketing, branding and dealer relations in an effort to turn around the brand's flagging sales in North America......»»
Nvidia tops $2 trillion valuation in first for chipmakers
While Apple and Microsoft took over two years to go from $1 trillion to $2 trillion, Nvidia is on track to accomplish that in under a year’s time as the stock rides Wall Street’s AI frenzy......»»
Lawsuit claims N.Y. Chevrolet dealer backed out of contract to sell
The prospective buyer of a Fort Montgomery, N.Y., store has sued the dealership for allegedly breaking a contract to sell its assets and real estate......»»
Bollinger Motors picks LaFontaine Automotive as first commercial dealer
Bollinger Motors named LaFontaine Automotive Group its first authorized dealer as the EV company works to deliver an all-electric Class 4 commercial truck......»»
Assessing battery life for used EVs is not that simple
The complexity of EV batteries can fuel dealer and consumer concerns and questions about the performance of used vehicles. History offers little data......»»
Why used EV batteries are hard to value
The complexity of EV batteries can fuel dealer and consumer concerns and questions about the performance of used vehicles. History offers little data......»»
Watch Toyota"s last-minute Super Bowl ad for the 2024 Tacoma
Toyota seized on late available CBS ad inventory to run a Super Bowl commercial portraying thrilling, and somewhat frightful, off-road rides in its Tacoma pickup truck......»»
Ford promises more dealer engagement, then skips Q&A
Ford executives promised to communicate better with dealers but frustrated some NADA Show attendees by not taking any questions during the brand's make meeting......»»