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......»»
VW"s Russia plant to be sold to local dealer group, report says
Russia's Avilon dealership group is poised to buy VW Group's Kaluga factory, Moscow-based business news site RBC reported on Wednesday, citing two unidentified sources......»»
Former Okla. Kia dealer accused of tampering with case while awaiting fraud sentencing
Authorities said Bobby Mayes helped his co-defendant Courtney Wells flee to Mexico while they awaited sentencing on his 2021 conviction for fraud at his Big Red Dealerships group. Prosecutors said he also fabricated evidence and made a call to the U......»»
End of the road for Cal Worthington stores
The family of car dealer Cal Worthington, one of automotive retail's most famous pitchmen, has sold the last dealership bearing his name......»»
Dealer"s ‘track days" offer exclusive experience with luxury vehicles, boost customer loyalty
Twice a year, Dimmitt Automotive Group gives roughly 50 select luxury vehicle clients the chance to drive their vehicles at Sebring International Raceway in Florida......»»
Billions at stake as dealers ask state lawmakers to get paid more for warranty work
A growing number of state dealer associations are petitioning state legislatures to close the historic gap between customer pay and warranty reimbursement, leaving automakers backpedaling to defend their bottom lines......»»
Warranty war: Dealers take their fight vs. automakers over pay to state capitols
Billions of dollars are at stake annually as a growing number of state dealer associations petition state legislatures to close the historic gap between customer pay and warranty reimbursement, leaving automakers backpedaling to defend their bottom l.....»»
Global semiconductor market"s long-term outlook is strong despite short-term cyclical downturn
According to SEMI's most recent data on worldwide semiconductor sales, the industry experienced significant ups and downs in 2022. While chip sales reached an all-time high in 2022, a slowdown in the second half of the year significantly limited grow.....»»
What lies ahead for Asia"s economies in a post-pandemic world?
Economic experts convened recently at Chicago Booth's second Economic Outlook 2023 event to discuss the global outlook for Asia as it heads into a post-pandemic world. The panel coincided with the full reopening of China's borders on Feb. 7, but ques.....»»
Outlook users express alarm as inboxes flood with spam
Microsoft Outlook users were having to deal with inboxes full of spam on Monday after filters that usually send them to the junk folder stopped working......»»
Red McCombs, Texas auto dealer and sports franchise owner, dies at 95
Billy Joe "Red" McCombs, a longtime Texas auto dealer who later built a business empire, died Sunday. He was 95......»»
PSA: Outlook spam filters aren’t working for many; may want to silence notifications
If you use Microsoft Outlook, and your inbox is full of junk this morning, it’s not just you: Many users are reporting that Outlook spam filters aren’t working … more… The post PSA: Outlook spam filters aren’t working for many; may w.....»»
Volvo dealer aims to boost presence of women in auto industry
Volvo Cars Marin has increased the percentage of women on its staff as part of an effort to improve diversity so customers feel more comfortable......»»
Dealer-backed LIFO tax relief bill reintroduced in Senate after House effort
The bill's reintroduction comes after U.S. Reps. Dan Kildee, D-Mich., and Jodey Arrington, R-Texas, revived LIFO tax relief legislation in the House earlier this month......»»
Lithia Motors" Q4 net income falls as quarterly, full-year revenues climb
The dealership group's revenue and vehicle sales increased for both the quarter and full-year 2022 as it continued to add stores through acquisitions......»»
IC design houses differ in opinions on 2023 economy
The IC design industry has recently released a clearer market outlook forecast. The consensus is that after the valley of 1Q23, demand will see a slight recovery in the second quarter. Some IC design houses even pointed out that after a lengthy inven.....»»
Reynolds, CDK, Cox Automotive looking at acquisitions in 2023
Executives at Reynolds and Reynolds, Cox Automotive and CDK Global said they're seeking or contemplating new tech acquisitions in 2023......»»
Dealers anticipate knocks to floorplan, F&I, demand
Auto dealerships polled in ' 2023 Dealer Outlook Survey saw threats to new- and used-vehicle demand and increased floorplan and overall cost because of rising interest rates......»»
Microsoft Office with AI text generation coming as soon as March
Beyond just internet search, Microsoft is also gearing up to push AI features into its line of Microsoft Office products, including Word, PowerPoint, and Outlook.Microsoft is working closely with OpenAIOn Tuesday, Microsoft announced an upgraded vers.....»»
Volvo CEO stirs up new angst among U.S. dealers
If Volvo attempts to bring its direct sales model to this side of the Atlantic, it will push U.S. retailers into a defensive posture, the brand's dealer board chief warned......»»
Dealer skepticism meets Biden EV push
Dealers say they're feeling pressure from automakers to invest in EVs and the necessary infrastructure and upgrades to sell and service them. They are split on the Biden administration's strategy......»»