Stanton: NADA ‘relentless" in dealer advocacy
For Mike Stanton — NADA's former COO who became its chief executive on Jan. 1, following the retirement of Peter Welch — politics, autos and the great unknowns facing both are familiar topics to the Washington, D.C., native......»»
Single-store Honda dealer adds 3 dealerships near Gulf Coast
Ryan Mayer, president of Tameron Gulf Coast dealership group, in the past few weeks has purchased three dealerships: a Kia store in Mississippi and Buick-GMC and Chrysler-Dodge-Jeep-Ram-Fiat dealerships in Alabama......»»
New dealer buys 2 stores in southern Illinois and Indiana
Dealer Steve Faulkner acquired J Wilderman Autoplex in Mount Carmel, Ill., a single rooftop selling Ford, Chrysler, Dodge, Jeep and Ram vehicles, and Patriot Chevrolet-Buick-GMC in nearby Princeton, Ind......»»
Dealer Bernie Moreno launches bid for U.S. Senate in Ohio
Moreno, 54, is vying for the GOP nomination to succeed Sen. Rob Portman, an Ohio Republican who said in January that he will not seek reelection......»»
Mississippi dealer George Carr, 65, dies of COVID-19
He owned George Carr Buick-Cadillac-GMC in Vicksburg for more than 30 years......»»
Strained dealer inventories tightening as chip shortage lingers
Automakers and suppliers have been grappling with the global crisis for months. Now it's a dealer problem, too......»»
Online car dealer Cazoo agrees to sell to SPAC for $7 billion
The deal with special-purpose acquisition company Ajax I will raise about $1.6 billion in proceeds, including $805 million in a cash trust from the SPAC and another $800 million from Ajax’s sponsors......»»
Volvo leaves U.S. dealers confused on plans
The automaker's plan to pivot to a digital-only sales model could stall in the U.S. as some retailers balk at what they see as a factory assault on the franchised dealer model......»»
Toyota Financial Services to close, consolidate customer service centers
The captive finance company will have three customer and dealer services centers in the South. The changes will impact one-third of its 3,300 employees nationwide......»»
Crypto social network BitClout arrives with a bevy of high profile investors, and skeptics
While much of the recent wave of relentless hype around NFTs — or non-fungible tokens — has been most visibly manifested in high-dollar art auctions or digital trading cards sales, there’s also been a relentless string of chatter am.....»»
Buy-sell activity to be brisk despite crisis
Participants in an Automotive News Retail Forum: NADA virtual panel discussion said opportunities are out there both for dealers looking to expand their footprints and others looking to exit the business — particularly those with smaller operations.....»»
Calif. dealer group puts Volvo ‘on notice" over online EV sales
The California New Car Dealers Association, which represents about 20 Volvo dealers, argues in a letter to the company that online EV sales would violate state laws meant to prohibit manufacturers from competing with franchisees......»»
To survive, offer good experience, inventory
Dealers and fixed operations experts said during a virtual Automotive News Retail Forum: NADA panel discussion last week that gaps in dealership operations leave spaces that online competitors can exploit......»»
Phone scammers: "Give me £1,000 to stop calling you"
The rise of scam calls seems relentless - but can anything be done about them?.....»»
Seth Rogen and Evan Goldberg want to be your weed dealer
Seth Rogen and four friends-turned-co-founders have been building a weed company for close to ten years, and its products are now available in the United States. The company’s house goods will be available through its website and select dispens.....»»
Porsche, Mini take service satisfaction crowns in Power survey
Despite a year of operating challenges and disruptions that roiled the industry, consumers' overall satisfaction with dealer service visits actually rose 10 points, J.D. Power found......»»
Pierre Brocas and Nada Oudghiri design gallery-like eyewear store informed by Memphis movement
Colourful display stands are meant to appear like artworks within this eyewear store in Dhahran, Saudi Arabia created by French designer Pierre Brocas and architect Nada Oudghiri. Read more Colourful display stands are meant to appear like.....»»
Snap-on snaps up fixed ops software firm Dealer-FX in $200 million deal
Dealer-FX's service lane software platform is used by dealerships selling brands from at least nine major manufacturers, including Stellantis, General Motors, Toyota and Hyundai......»»
Dealer optimism rides into Q1
Dealers responding to the latest Cox Automotive Dealer Sentiment Index survey rated the upcoming spring selling season the second-best market in the history of the survey......»»
Moving Beyond the Cult of Volume, Part 2
In digital, we are trapped in a monotonous, relentless process of newness that is rarely useful and very often damaging but must be embraced because it’s new. Continue reading........»»
Dealer profits surge 48% to record in a ‘unique" 2020
The 2020 figure blew by the industry's previous profit record for the average store, recorded in 2015......»»