NADA: FTC proposal on car dealers ‘severely flawed," should be withdrawn
The comments from the NADA were among thousands received by the FTC on its proposal to curtail bait-and-switch auto dealership price advertising, misleading F&I practices and F&I vehicle protection products......»»
Warranty parity legislation spreads to Colorado
A bipartisan bill introduced Friday in Colorado would follow Illinois in mandating that manufacturers pay dealers retail labor rates for warranty repairs. Other state dealer associations are pursuing similar actions, advocates say......»»
Alford: Dealers are risk-takers and entrepreneurs — not "robotic agents"
Outgoing NADA Chairman Mike Alford says dealers will never be 'robotic agents of far-off manufacturers.'.....»»
Stellantis dealers near record profitability despite lower sales
Increased profitability and a surge in Stellantis’ J.D. Power sales satisfaction scores gave the company and its dealers plenty to be excited about despite the production constraints that kept inventory tight......»»
Prepare now for potential FTC regs, attorney says
Dealers might find value in paring their F&I product portfolio, according to the COO of Zeigler Auto Group and the finance director of Continental Auto Group......»»
Scenes from the Automotive News Retail Forum: NADA in Dallas
DALLAS -- Dealers and top executives gathered here Thursday for the Automotive News Retail Forum ahead of the 2023 NADA Show. The discussions focused on solutions to the industry’s pressing issues such as the new EV tax credits and FTC regulations......»»
Tech tools help dealers put people first
A modern dealership should put people first and keep customer needs paramount, and technology tools can help store leaders get there......»»
Ford, GM options for EV dealers reshape retail
While Cadillac and Buick are making dealers walk away if they don't want to sell EVs, Ford has allowed for more flexibility but received complaints from some state dealer associations......»»
Toyota executives, dealers laud promotion of Lexus chief Koji Sato to CEO
Jack Hollis: "So what it means to us is, this is another friend of North America.".....»»
Dealers, buyers need guidance on EV tax credits
The availability of a credit that carries fewer eligibility restrictions for leasing than for buying could help consumers now, panelists said Thursday at Automotive News Retail Forum: NADA......»»
Hollis: New Toyota CEO Sato is "great" choice for North America
Jack Hollis, head of sales for Toyota Motor North America, says news that Koji Sato would succeed Akio Toyoda as Toyota CEO is great news for the automaker's North American dealers......»»
Ford boosts financial support to dealers for remote service offerings
The automaker is expanding its mobile service vans as well as pickup and delivery capabilities across its dealer network......»»
Tesla"s ex-CFO says timing of Musk"s go-private tweet wasn"t ideal
Deepak Ahuja revealed he wasn't apprised before Musk made his bombshell proposal......»»
Hyundai-Genesis, Toyota, Stellantis and Ford dealerships sell in Q3, Q4 deals
Dealer Terry Taylor added a dealership to his portfolio, a former Lithia Motors general manager bought his first store and other dealers expanded their store holdings in third-quarter and fourth-quarter transactions in 2022......»»
The best folding phones in 2023: our 6 favorite foldables right now
The foldable smartphone was a flawed novelty only a few years ago, but recent models have truly married innovative design with solid reliability and usability......»»
How a 3-centimeter glass sphere could help scientists understand space weather
Solar flares and other types of space weather can wreak havoc with spaceflight and with telecommunications and other types of satellites orbiting Earth. But to date, scientists' ability to research ways to overcome that challenge has been severely li.....»»
U.S. closes Ford Explorer exhaust probe without seeking recall
NHTSA said it conducted an in-depth investigation that included review of more than 6,500 consumer complaints from 2011-2017 model year vehicles. The investigation found issues with dealers, government fleets and others modifying the Police Intercept.....»»
Reynolds on long-term path to shed inflexible image
Dealership technology giant Reynolds & Reynolds will unveil an updated logo and a demonstrate a more flexible attitude at the NADA Show this week......»»
Dealers face EV hurdle
Dealers are readying their sales and service operations to handle the influx of used EVs that will eventually arrive on their lots, but for now a big challenge for many of them is a shortage of inventory......»»
Incoming NADA chairman Geoffrey Pohanka"s agenda: Data-sharing, franchises
Geoffrey Pohanka, the driving force behind NADA's "Guiding Principles on Evolving Business and the Dealer Franchise System," steps into the role of the group's council chair for 2023......»»
Industry climate helps first-time dealers become owners
In the backdrop of a bustling dealership buy-sell market that continues to see private groups and publicly traded auto retailers buying stores, a number of first-time buyers are joining them......»»