Dealer outlook cools on acquisitions
Nearly half of dealers plan to buy one or more dealerships in the next 12 months, while only 2 percent expect to sell in that time frame, according to a survey by Kerrigan Advisors......»»
Toyota delays EV output at Ky. plant for ‘production’ issues
The world’s biggest automaker is pushing back the start of EV production in the U.S. to the first half of 2026, after reportedly slashing its global sales outlook for battery electrics......»»
Auto dealer associations activate emergency relief funds in Helene aftermath
Dealership employees affected by Hurricane Helene can apply for assistance on the NADA Foundation's website, NADA said......»»
F&I tip: Create perceived value for auto buyers, Allstate says
Perceived value is one of the key psychological factors influencing the purchase of finance and insurance products, Allstate Dealer Services said in a white paper......»»
Carl Moyer, founder of Karl Chevrolet, dies at age 83
Longtime Iowa Chevrolet dealer Carl Moyer died Sept. 28. He grew his business from a one-car showroom into Karl Auto Group......»»
Responding to dealer feedback, Santander expands small business auto financing
The lender plans to offer automotive financing primarily to small franchises and startups......»»
Stellantis cuts 2024 profit outlook as US sales crisis deepens
Stellantis cuts 2024 profit outlook as US sales crisis deepens.....»»
Hackers expose flaw in Kia"s dealer portal that would have put millions of vehicles at risk
A report issued by the group said millions of Kia's connected vehicles were at risk of remote control by bad actors......»»
Stellantis reviews U.S. advertising accounts for Dodge, Ram, Chrysler, Alfa and Fiat
The review comes as the automaker is under dealer scrutiny as sales slump. The Jeep brand is not involved in the review......»»
Amazon-Hyundai pilot delays causing dealer frustration, NADA CEO says
A panel discussion at the Automotive News Congress Sept. 24 focused, in part, on the Amazon-Hyundai pilot and dealer distribution models......»»
Former Mitsubishi dealer must pay Nissan lending arm $330K debt, Nebraska judge rules
A bankruptcy court judge in Nebraska has refused to dismiss a $331,225 debt a former Mitsubishi dealer and his company owe to floorplan lender Nissan Motor Acceptance Co......»»
GM uses dealer feedback to implement online sales platform
Nearly 1,000 dealers use General Motors' Digital Retail Platform, which is designed to create a consistent shopping experience and reduce some of the cost required to sell vehicles......»»
Mercedes slashes outlook again as China market cools
Adjusted returns from Mercedes' main car unit are now expected to range from 7.5 to 8.5 percent, compared with a prior forecast of as much as 11 percent. .....»»
Global assessment: How to make climate adaptation a success
Climate change is forcing people to adapt to changing environmental conditions. But what really makes the difference is how they do it. The recently published "Hamburg Climate Futures Outlook 2024" by 73 authors shows that, in the long run, only sust.....»»
Webb Telescope provides another look into galactic collisions
An interaction between an elliptical galaxy and a spiral galaxy, collectively known as Arp 107, seems to have given the spiral a happier outlook thanks to the two bright "eyes" and the wide semicircular "smile." The region has been observed before in.....»»
Del Grande dealerships get ahead of California turf crackdown with low-water landscaping
When California announced a coming ban on watering ornamental turf, Del Grande Dealer Group made a plan to save water, save money and upgrade its Silicon Valley landscaping with native plants.....»»
Michigan Chevy dealer embraces EVs while the industry takes a step back
Bowman Chevy in Michigan says staff training and culture leads to success with EVs......»»
Asbury not the only company to battle the FTC instead of settle, attorney says
Jean Noonan, a partner at the Hudson Cook law firm and a former Federal Trade Commission regulator, discusses settling FTC investigations versus fighting them as the car dealer Asbury Automotive Group has done......»»
Daily 5 report for Sept. 6: Sales reports, dealer sentiment give Fed good reason to cut interest rates
The bottom line, as sales stagnate and inventories rise, is that automakers and their customers need interest rates to come down soon......»»
Why are U.S. dealers getting more pessimistic about the market? This Cox Q3 poll gives clues
Pessimism crept into franchised car dealers' outlooks during the third quarter, according to a Cox Automotive Dealer Sentiment Index poll, which also found that interest rates and consumers' political uncertainty continue to burden dealerships......»»
Toyota dealer gathering to focus on partnership, products, says brand head Dave Christ
Toyota dealers will gather for their national dealer meeting in Las Vegas on Sept. 10-11 to discuss the Japanese brand's upcoming products and strategy, while dealers may want to question the brand about a spate of embarrassing recalls......»»