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 downgrades EV forecast in quest of record profits; quarterly net income nearly triples
Riding an upswing in all-time-high quarterly earnings, Toyota downgraded its outlook for EV sales but lifted its forecast for record earnings in the full fiscal year, expanding on an earlier outlook that already called for record-level profits......»»
Dealer registration opens for EV tax credits
Dealers must be registered on the newly launched IRS Energy Credits Online portal for their customers to claim or transfer federal tax credits and use those funds as a down payment for eligible new- and used-EV purchases......»»
Fed leaves rates unchanged, acknowledges economy is "strong"
For the auto industry, interest rates were the top issue cited by franchised dealerships during the third quarter, identified by 65 percent of retailers, up from 61 percent a quarter earlier, according to a Cox Automotive Dealer Sentiment Index poll......»»
Lear lost $170M due to UAW strike, but financial outlook is brighter
Lear increased its full-year financial guidance to the pleasure of Wall Street, with shares rising 3 percent to close Thursday at $133.43......»»
Wisconsin dealer group agrees to pay $1.1M to settle accusations of junk fees, discrimination
The FTC and the state of Wisconsin accused Rhinelander of charging for add-ons without customers' consent and of unfairly marking up the transactions of American Indian customers. Though it agreed to the settlement, Rhinelander denies wrongdoing......»»
Minority dealer candidates should be open to moving, experts say
GM and Stellantis seek out minority candidates when an opportunity arises, but it may not be in an aspiring dealer's home market......»»
We’re entering a pretty strong El Niño—here’s what that means for a US winter
The southern United States should see some beneficial rain. Enlarge / The 2023-2024 US Winter Outlook map for precipitation. (credit: NOAA) As its name implies, the jet stream is essentially a river of fast-moving air in.....»»
Hudson Automotive agrees to acquire 4 Vic Bailey dealerships in South Carolina
The acquisitions will mark the first for Hudson Automotive since acquiring nine stores from Asbury Automotive in 2022.....»»
Mazda riding a wave in pursuit of 500,000 sales
Mazda is reaping the benefits of a major brand transformation it started in 2016, including new dealer facilities, hot products, a dedicated captive and reasonable plans for electrification......»»
Get lifetime access to MS Office Home & Business 2021 for Mac at 86% off
Snag an amazing deal before the 2023 holiday season officially kicks off with two lifetime licenses for Microsoft Office Home & Business 2021 for just $59.97. With quintessential programs like Word, Excel, PowerPoint, OneNote, and Outlook, you'll get.....»»
NADA board elects Chevrolet dealer Tom Castriota as next vice chairman
Castriota, owner of Castriota Chevrolet in Hudson, Fla., was elected Tuesday to the 2024 post at the association's board meeting in Palm Beach, Fla......»»
Cleaner snow boosts future snowpack predictions
Less pollution settling into snow should help cut the decline of snowpack in the Northern Hemisphere later this century. Though the snowpack will still diminish due to rising temperatures, the outlook is less dire when the cleaner snow of the future.....»»
Microsoft Outlook will soon write emails for you
Many Microsoft Outlook corporate users will soon have the option to create and send AI-written emails as the company widens its roll out Microsoft 365 Copilot, an artificial intelligence companion......»»
Tesla"s EV share falls to 58% as growth cools in U.S. and Model X and Model S turn red
The automaker's January to August EV share fell to 58% from 65.1% a year earlier, Experian data shows. Tesla blamed factory downtime for global third-quarter sales that came in lower than the preceding quarter......»»
Tesla"s EV share falls to 58% as Model 3 growth cools and Model X and Model S turn red
The automaker's January to August EV share fell to 58% from 65.1% a year earlier, Experian data shows. Tesla blamed factory downtime for global third-quarter sales that came in lower than the preceding quarter......»»
Tesla"s EV share falls to 58 percent as Model 3 growth cools and Model X and Model S turn red
The automaker's January to August EV share fell to 58% from 65.1% a year earlier, Experian data shows. Tesla blamed factory downtime for global third-quarter sales that came in lower than the preceding quarter......»»
O"Brien Auto Team drives repeat business with loyalty rewards
About 80 percent of the dealer group's customers are enrolled in the O'Brien Rewards program......»»
Nissan offers low-cost Ariya EV lease to dealer employees
Nissan dealers, some of whom find it challenging to sell pricey electric vehicles, view the employee lease program as a way to shrink their Ariya stockpile and build enthusiasm for the crossover......»»
Mercury is still shrinking as it cools
Contraction features called "graben" formed (relatively) recently. Enlarge / In addition to craters, Mercury's terrain features faults generated by the planet's cooling. (credit: NASA) The planet Mercury may be hot, but.....»»
Ally offers buyouts with layoffs possible
Ally Financial will offer buyouts to older staff within its Dealer Financial Services segment, and further workforce cuts might occur in November, Ally Financial Dealer Financial Services President Doug Timmerman has told staff. An image of part o.....»»