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......»»
Consumer groups ask FTC to set car dealer obligation on spot deliveries
Several consumer groups petitioned the Federal Trade Commission to require that car dealers uphold credit terms in a "spot delivery" contract if a lender can't be found to buy the deal......»»
Kia, Toyota, BMW, Acura and Hyundai-Genesis stores change hands in Q1, Q2 deals
Three growing dealership groups and megadealer Terry Taylor expanded their footprints with acquisitions representing Kia, Toyota, BMW, Acura and Hyundai-Genesis stores......»»
Final hours: Microsoft Office for Mac standalone license dips to $34.97
Save 86% on a Microsoft Office for Mac Home & Business 2021 standalone license this weekend only, putting top apps like Microsoft Excel, Word, Outlook and PowerPoint at your fingertips.Looking for a way to boost productivity at home or work, without.....»»
The latest numbers on the microchip shortage: Cuts continue, but outlook improves
More than 80,000 vehicles were removed from automakers' production schedules this week, but future cuts on a "grand scale" are likely over, according to AutoForecast Solutions......»»
New-vehicle inventories stay under 2 million — for now
New-vehicle inventory levels rose slightly last month to 1.96 million, with lesser-expensive vehicles harder to find on dealer lots......»»
Flash deal: Microsoft Office for Mac standalone license dips to $34.97
Save 86% on a Microsoft Office for Mac Home & Business 2021 standalone license this weekend only, putting top apps like Microsoft Excel, Word, Outlook and PowerPoint at your fingertips.Looking for a way to boost productivity at home or work, without.....»»
New paleoaltimetry research questions assumptions about the formation of the Himalayas
Mountain ranges play a key role in global climate, altering weather and shaping the flora and fauna that inhabit their slopes and the valleys below. As warm air rises windward grades and cools, moisture condenses into rain and snow. On the leeward si.....»»
Dealer-factory relationships important, Kerrigan Advisors survey says
Two-thirds of automaker executives believe that manufacturers and dealers will own the primary customer relationship and most customer data in five years, according to the inaugural Kerrigan OEM Survey......»»
Dealer-OEM relationships important, Kerrigan Advisors survey says
Two-thirds of automaker executives believe that manufacturers and dealers will own the primary customer relationship and most customer data in five years, according to the inaugural Kerrigan OEM Survey......»»
Stellantis, GM lead industry to biggest minority dealer increase since 2012
The industry added 110 U.S. minority-owned stores in 2022, marking the first time in more than a decade that the count rose by triple digits for two consecutive years......»»
Microsoft is finally fixing one of the worst parts of Outlook
Microsoft is attempting to expand the storage limit for its Outlook email service with an update that allows OneDrive to support the sending of large files......»»
Lack of public dealership megadeals in 2022 left room for private buyer transactions to dominate
The 2021 buy-sell year was notable for four supersize acquisitions that helped frame the latest wave of dealership consolidation. Deals of that size did not happen in 2022......»»
Cortana, once a flagship feature of Windows phones, is slowly being shut down
Cortana will remain in Teams and Outlook, for now, but is going away in Windows. Enlarge / Cortana is gradually fading from Windows and other Microsoft products. (credit: Andrew Cunningham) Microsoft is working to cram i.....»»
Kia, Stellantis and Toyota dealerships sell across 3 states
One dealer bought his second store, a bustling auto retailer stayed busy and another group added two stores in one transaction in second- and third-quarter deals......»»
Magna raises outlook after swinging to $339 profit in Q2 amid production surge
Demand for parts has remained strong from automakers as they strive to manufacture new models to cater to consumers looking to snap up pickups, crossovers and SUVs......»»
Cars.com Q2 net income jumps from one-time use of valuation allowance
Price increases and acquisitions are fueling more revenue growth, but dealership marketplace churn grew more than analysts expected......»»
BorgWarner Q2 revenue rises amid spinoff, acquisitions
BorgWarner's net earnings fell 5.5 percent to $204 million, but operating income surged 40 percent to $383 million from last year......»»
Ford promises shorter F-150 Lightning wait times, more dealer stock
Ford said production of its F-150 Lightning electric pickup had resumed after a six-week plant shutdown to expand capacity and reaffirmed plans to hit a production run rate of 150,000 units this year......»»
Ford posts $1.9B Q2 net income, raises full-year profit outlook
Ford made $2.3 billion from its gasoline-powered vehicle business and $2.4 billion from its commercial unit but lost $1.1 billion on EVs......»»
Group 1 Q2 net income falls 13% despite record revenue
The Houston dealership giant continued to generate revenue gains from acquisitions and service and parts business growth......»»