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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......»»

Category: topSource:  autonewsFeb 10th, 2023

Why are U.S. dealers getting more pessimistic about the market? This Cox Q3 poll gives clues

Pessimism crept into franchised car dealers' outlooks during the third quarter, according to a Cox Automotive Dealer Sentiment Index poll, which also found that interest rates and consumers' political uncertainty continue to burden dealerships......»»

Category: topSource:  autonewsRelated NewsSep 6th, 2024

Toyota dealer gathering to focus on partnership, products, says brand head Dave Christ

Toyota dealers will gather for their national dealer meeting in Las Vegas on Sept. 10-11 to discuss the Japanese brand's upcoming products and strategy, while dealers may want to question the brand about a spate of embarrassing recalls......»»

Category: topSource:  autonewsRelated NewsSep 5th, 2024

Volvo bulks up hybrid lineup as it delays electric-only switch

Volvo has backed away from a goal of going all-electric by 2030, but it still has five EVs in the works including a low-slung ES90 sedan and the EX60 midsize crossover......»»

Category: topSource:  autonewsRelated NewsSep 5th, 2024

Volvo lowers 2026 profit margin target

Volvo, like other automakers, is seeing slowing demand for EVs due in part to high sticker prices and is also bracing for the effects of extra EU tariffs on EVs made in China......»»

Category: topSource:  autonewsRelated NewsSep 5th, 2024

Volvo"s next electric crossover, the EX60, to debut most advanced architecture

The midsize crossover will use the SPA3 underpinnings, which the automaker says will help it build future models faster and for less money......»»

Category: topSource:  autonewsRelated NewsSep 5th, 2024

Volvo drops 2030 all-electric target amid slow EV demand

Chinese-owned Volvo, which builds electric models in China, has been particularly hit by tariffs in the U.S. and the EU......»»

Category: topSource:  autonewsRelated NewsSep 4th, 2024

Volvo cashes in on hybrid hype with updated XC90 crossover

The 2025 Volvo XC90, which has mild hybrid and plug-in hybrid variants, sports styling cues from its new battery-powered sibling......»»

Category: topSource:  autonewsRelated NewsSep 4th, 2024

Volvo’s updated XC90 continues to make the case for plug-in hybrid SUVs

Small updates aim to remind customers about the Volvo XC90 SUV's efficient plug-in hybrid powertrain......»»

Category: topSource:  digitaltrendsRelated NewsSep 4th, 2024

Volvo’s EX90 was meant to be a tech buffet, but ends up a satisfying snack

Volvo wanted its EX90 electric SUV to be all about tech, but it's the basic driving experience that stands out......»»

Category: topSource:  digitaltrendsRelated NewsSep 3rd, 2024

Toyota"s new SmartPath F&I tool may be a ‘game changer" for dealers

The new F&I piece joins previous sales, service components to Toyota and Lexus' digital retailing suites, enabling purchase completions online......»»

Category: topSource:  autonewsRelated NewsSep 3rd, 2024

The good and bad about the 2025 Volvo EX90, the company’s new electric SUV

Some of the EX90's features won't be enabled until next year. Enlarge / After launching some smaller and cheaper electric vehicles, it was time for Volvo to push the boat out with a flagship SUV, the EX90. (credit: Jonathan Gitli.....»»

Category: topSource:  pcmagRelated NewsSep 2nd, 2024

Guest commentary: Surge in leasing numbers an opportunity for dealers

While leasing as a whole appears to be bouncing back, it is not yet attracting first-time lessees at a rate commensurate to that before the pandemic......»»

Category: topSource:  autonewsRelated NewsAug 29th, 2024

Daily 5 report for Aug. 27: How dealers adapted during the CDK outage

Reporter Paige Hodder shows how dealers adapted and the lessons they learned from the CDK cyberattack crisis. One big message: Don't get too dependent on technology......»»

Category: topSource:  autonewsRelated NewsAug 27th, 2024

Guest commentary: 6 tips for dealers in a still-volatile market

What should dealers be doing to navigate these strange and challenging times?.....»»

Category: topSource:  autonewsRelated NewsAug 26th, 2024

NAMAD asks members to share their thoughts as leaders assume new roles

MIAMI BEACH, Fla. — The National Association of Minority Automobile Dealers is conducting its own survey of members' attitudes to provide a more focused view of the group's needs and how they might differ from other U.S. car retailers. Damon Les.....»»

Category: topSource:  autonewsRelated NewsAug 23rd, 2024

Volvo Trucks picks Monterrey for $700 million Mexico assembly plant

Volvo AB said in April that it aimed to build a plant in Mexico to supply the group's Volvo Trucks and Mack Trucks businesses in the U.S. and Canada as well as Mack Trucks in Mexico and Latin America.  .....»»

Category: topSource:  autonewsRelated NewsAug 23rd, 2024

Volvo bets on EX90 crossover to reverse EV sales slide

The three-row EX90 was delayed half a year by software-integration issues and is now arriving at a time when EVs aren't gaining much market share......»»

Category: topSource:  autonewsRelated NewsAug 22nd, 2024

Ford shows dealers plans for 4-door, off-road Mustangs

Ford gave dealers a peek at future product plans at a meeting in Las Vegas, revealing new gasoline-powered Mustang variants, a Maverick-based van and possible low-cost EVs......»»

Category: topSource:  autonewsRelated NewsAug 15th, 2024

Cars Commerce helped dealers cope in wake of CDK cyberattacks

CEO Alex Vetter said Cars Commerce helped find creative solutions for dealers, even as the CDK Global cyberattacks affected his own business initiatives......»»

Category: topSource:  autonewsRelated NewsAug 13th, 2024

Volvo ups sticker price on new EX90 EV by $3,300 despite missing features

One Volvo dealer said 40 percent of his EX90 reservations were canceled because the EV will be missing several safety and entertainment features at launch......»»

Category: topSource:  autonewsRelated NewsAug 8th, 2024