NADA: FTC proposal on car dealers ‘severely flawed," should be withdrawn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......»»
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......»»
Dealers push back on Ford EV mandates
Dealer associations in at least 13 states are accusing the automaker of unfairly burdening its retail network and violating franchise laws......»»
Credit Acceptance sees more loans from dealers as Q3 earnings plunge
Credit Acceptance posted net income of $86.8 million, down 65 percent from a year earlier......»»
Digital coupons can trigger shoppers to start spending again in times of recession
A number of service sectors were severely affected by the COVID-19 pandemic, including the catering, retail, tourism and entertainment industries. Globally, policy makers have introduced various initiatives to reinvigorate consumer spending. And, in.....»»
US curbs on China"s microchip industry could throttle Xi Jinping"s tech ambitions
Chinese leader Xi Jinping's push to "win the battle" in core technologies and bolster China's position as a tech superpower could be severely undermined by Washington's unprecedented steps to limit the sale of advanced chips and chip-making equipment.....»»
‘Great reassessment" will require car dealers to rethink recruiting strategies
Adam Robinson, CEO of Hireology, said job seekers are most looking for schedule flexibility, career growth opportunities and fulfilling work......»»
European Union aiming to ban new combustion engine cars starting 2035
This week, the European Council and the EU Parliament agreed on a proposal to ban the introduction of new internal combustion engine cars and vans starting in 2035. The two groups expected to adopt the new rules soon......»»
Ford postpones deadline for dealers to decide on EV investment
Dealers now have an extra month to decide whether to spend up to $1.2 million on chargers and other upgrades the automaker is requiring for certification to sell EVs after 2023......»»
Column: Ford aimed for the moon with AVs but found a black hole
Ford did something rather astounding last week. It stopped lighting money on fire in pursuit of a goal it had severely underestimated......»»
Celebrating the 2022 Best Dealerships to Work For
Now in its 11th year, the Automotive News Best Dealerships to Work For celebrates and honors 100 dealers who have created excellent workplaces. The 2022 winners were honored at a gala event Thursday night in Chicago. Automotive News Publisher KC C.....»»
Franchised dealerships equipped to evolve with changing auto retail model
Franchised dealers have the entrepreneurial skill and spirit to adapt their businesses to meet a changing industry, executives at two retail technology companies said at the Automotive News Retail Forum: Chicago event......»»
U.S. dealership average pay surpasses $100K while turnover tumbles
Average industry turnover was 34 percent in 2021 — the lowest level in the 11-year history of the National Automobile Dealers Association's annual Dealership Workforce Study......»»
U.S. dealership turnover tumbles as employee earnings soar
Average industry turnover was 34 percent in 2021 — the lowest level in the 11-year history of the National Automobile Dealers Association's annual Dealership Workforce Study......»»
Orangutans: Could "half-Earth" conservation save the red ape?
Half-Earth is a proposal by the late naturalist and "father of biodiversity", EO Wilson. In its original context, it proposes that half of the Earth's surface should be designated a human-free nature reserve to preserve biodiversity......»»
iPadOS 16.1 review: imperfect preview of what"s next
Apple's first release of iPadOS 16, iPadOS 16.1, provides a flawed glimpse into the future of computing thanks to Stage Manager, but some hurdles will be difficult to overcome.iPadOS 16.1 is here, but it still needs some workThe release of iPadOS 16.....»»
For Cadillac and its dealers, Celestiq EV is just a beginning
The $300,000 Cadillac Celestiq EV is a launch point for doing more "iconic" things for the brand in the future......»»
New nature preserves need huge boost in staff, resources: study
A proposal to protect 30 percent of the planet by 2030 would be "meaningless" without a huge boost to staffing and budgets, researchers said Thursday, warning of chronic shortages of rangers in the world's most precious ecosystems......»»
NADA picks Gary Gilchrist as likely 2024 chairman
Gary Gilchrist, president of Gilchrist Chevrolet-Buick-GMC in Tacoma, Wash., was elected 2023 vice chairman during the association's board meeting Tuesday. This puts him in line to be chairman in 2024......»»
Hurricane Ian Destroyed Retirees" Life Savings
Many retirees put their savings into real estate in the parts of southwestern Florida that Hurricane Ian severely damaged.....»»
For auto dealerships, cybersecurity is more essential than ever
Cybercriminals are getting craftier as auto retailers continue to fall victim to well-disguised cyberattacks. According to the second annual dealership cybersecurity study by CDK Global, 15% of dealers have experienced a cybersecurity incident in the.....»»