Honda to trim U.S. dealer profit margins
The company is also making some reductions and changes in marketing, advertising and service payments as it adjusts spending for the shift to electric vehicles......»»
Stellantis changes Jeep N.A. chief after 9 months
Ram brand executive Bob Broderdorf succeeds Bill Peffer as head of Jeep in North America, while Peffer replaces Phil Langley as head of dealer network development......»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
How IndyCar"s hybrid system rollout is going
IndyCar's hybrid system, developed by Honda, Chevrolet and Ilmor, debuted in July at a race won by Pato O'Ward of Chevrolet-powered Arrow McLaren......»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
Column: What"s in a name? Honda execs say they"re grappling with EVs
How to name EVs is a question that is not unique to Honda and Acura......»»
Acura NSX-like sports car in the works
Honda's premium brand confirmed it's using the Honda 0 Series platform to develop an electric sports model that will use a "thin and light" platform......»»
Property insurance: Dealer hurdle over EVs
Zurich Insurance Group issues recommended best practices for dealerships servicing EVs that could add costs......»»
Tesla issuing new recall for 9,100 Model Xs over trim issue
Tesla is issuing a new recall for 9,100 Model Xs over a trim issue......»»
Stellantis CEO Carlos Tavares to visit U.S. to create plan to reverse lagging profit, report says
Tavares' visit to Detroit during his summer break will seek to reassure employees and investors that he intends to fix the automaker's struggling North American operations......»»
Service tip: Use each customer"s data during phone calls to ensure meaningful engagement
Service-to-sales phone calls are a crucial touchpoint in any dealership's customer engagement strategy, says Kurt Philippsen, dealer relations manager at automotiveMastermind......»»
Mazda incentives soar, putting pressure on profits, upmarket move
Spiraling incentives nearly wiped out Mazda's operating profit in the latest quarter, as the company spent more to sell more. Volume and market share are growing. But it comes at a big price, with U.S. spiffs nearly double their level a year ago......»»
GMC puts more off-road luxury in freshened Yukon SUV
The updated Yukon SUV, expected to go on sale by the end of the year, includes a new AT4 Ultimate trim that combines more premium amenities with capability on rugged terrain......»»
Average dealership pretax profit slipped 33% in the first half of 2024, report says
The report from Presidio Group and NCM Associates also found the typical dealership hasn't reduced expenses quickly enough amid profitability declines......»»
Acura hatches a more extreme Integra Type S with Honda Racing assist
The prototype's development was led by Honda Racing Corp. U.S., which handles Honda and Acura racing programs in North America......»»
Acura Performance EV Concept previews the brand"s second EV
The future EV, likely a compact crossover, will be the first to come from Honda's Ohio EV hub and is scheduled to begin production late 2025......»»
Study shows companies can profit by aligning financial goals with social aims
International research involving Monash University has shown that businesses can achieve financial success by embracing critical global issues such as climate change, poverty, human rights violations and medical breakthroughs as a core mission......»»
How to seamlessly switch from Google Photos to iCloud Photos
Apple and Google have announced a new tool to import photos from Google Photos to iCloud Photos on Apple platforms. Here's how to use it.Apple and Google Photos.The collaboration is part of the non-profit Data Transfer Initiative (DTI) and its predec.....»»
Ahead of iPhone 16, AI demand boosts Apple supplier Foxconn"s profits
Foxconn, Apple's iPhone 16 manufacturer has reported a fourth consecutive quarter of profit increases, which it credits to demand for AI servers.Workers in a Foxconn factoryFor the previous quarter, Foxconn's increased profits came from better than e.....»»
Honda and Nissan fast-track plastics recycling to meet new EU rules
High costs of plastics recycling could ramp up expenses for automakers, as Europe demands greener vehicles......»»