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......»»
Lincoln"s plan to regain ‘mojo": Fewer dealers, more fluid EV strategy
After three years of declining U.S. sales, the brand's new president says a smaller dealer network is needed to be successful......»»
Stellantis, GM, Honda and Hyundai dealerships sell in 4 states
Two dealership groups expanded in new markets, a dealer added a second Honda store, and a new partnership duo acquired its first store in transactions in the last half of 2022 and second quarter of this year......»»
Robotaxis show signs of resilience, but now they need a business plan
Depending on who you ask, robotaxis are on the brink of widespread scale or an overdue comeuppance. Which outlook is correct? Perhaps both......»»
IT and business services market shows resilience with positive growth outlook
Worldwide IT and business services revenue is expected to grow (in constant currency) from $1.13 trillion in 2022 to $1.2 trillion in 2023, or 5.7% year-over-year growth, according to IDC. In nominal dollar-denominated revenue based on today’s.....»»
Flow Automotive buys Mercedes-Benz, Toyota, Honda, Subaru and Stellantis dealerships
Flow Automotive Cos. expanded its presence in Charlottesville, Va., in one of the largest dealership acquisitions of the year, as tracked by ......»»
Southern used-car dealer U.S. Auto Sales closes locations
U.S. Auto Sales' website carried a popup Tuesday morning stating its used-vehicle dealerships had closed, but it was "working on a solution to re-open them as soon as possible.".....»»
Outlook for handset-use ICs remains uncertain, say sources
A recent rebound in demand for LCD TDDI chips from the handset sector could be short-lived because the global consumer market has remained in the doldrums, according to industry sources......»»
Microsoft updates Outlook for Mac with new Profiles feature
Microsoft recently released a major update to the official Outlook email client app for Mac. Now, macOS users have access to the new Profiles feature, which, as the name suggests, makes it easy to manage different email accounts on the same computer.....»»
Bob Loquercio Auto Group buys Lexus, Toyota and Ford dealerships
The acquisitions bring the group's franchised dealership count to 14 and includes its first Lexus store......»»
Largan outlook for smartphone market to draw market attention
Smartphone lens module specialist Largan Precision is expected to highlight the specs upgrades of its module products at its upcoming investor conference on April 13, according to industry sources......»»
Tesla"s U.S. growth cools, EV share falls
Tesla's red-hot sales growth last year cooled in the first two months of 2023, and its share of the EV market fell from to 58 percent from 72 percent despite U.S. price cuts......»»
Why floorplanning can be a profit center or cost for dealers
Floorplanning, which is the financing surrounding the car dealer's wholesale vehicle purchase, is expected to flip to become a cost for dealers this year, as opposed to a profit......»»
Ourisman Cars adds Ford, Toyota and Stellantis dealerships
Ourisman Cars, a group of dealerships within Ourisman Automotive Group, bolstered its Maryland presence with third-quarter 2022 and first-quarter 2023 acquisitions......»»
Former MLB players Brian Dorsett and Dorian Boyland buy and sell dealerships in Q1
Two dealerships trading hands involved former Major League Baseball players Dorian Boyland and Brian Dorsett, and a group bought its second Long Island store, all in the first quarter, while another dealer purchased his second store in fourth-quarter.....»»
Adata, Team Group vary in 2H23 memory market outlook
Adata Technology believes its industry will start stabilizing in the second quarter, while fellow memory module firm Team Group still sees the industry having a difficult year......»»
Selling over sticker price can backfire on car dealer, automaker
Survey: 29% of customers charged above MSRP told GfK they would never buy that brand of vehicle again......»»
Server sector warms up in 2Q23 for leap in second half of the year; ChatGPT AI trend fuels new momentum
The server sector is currently laying low to prepare for a big leap in the future. Quanta, which has been making double-digit delivery estimates every year, has downgraded its outlook from double-digit to single-digit for the first time in 2023, a si.....»»
Microsoft Outlook is finally solving one of its biggest email headaches
Microsoft Outlook will now let you directly capture and upload video, for some reason......»»
Auto industry outlook is both under pressure and historically great
At New York Auto Forum, 2023 is still seen as healthy, but less spectacular than last year......»»
Acquisitions propel Lithia to list’s top spot
Lithia Motors, once the smallest publicly traded dealership group before embarking on a multiple-year dealership buying spree, passed longtime No. 1 AutoNation in new vehicles sold in 2022......»»