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......»»
ACV Auctions says Q2 net loss widened to $17M, revenue rises 29%
ACV Auctions said the number of used vehicles sold by dealers and commercial auto companies on its wholesale marketplace platform grew 22 percent year over year......»»
Tropical Storm Debby brings heavy rain, wind to Florida, Southeast auto dealers
Debby made landfall in Florida as a Category 1 hurricane early Aug. 5. It's expected to bring heavy rain, flooding and gusty winds to the Southeast through midweek......»»
Hyundai gains 4% while Toyota, Kia slip in July; overall market expected to rise
The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many dealers recovered from the CDK cyberattacks that knocked new-car sales offline in late June......»»
Hyundai gains 4%, Kia slips 10% in July; overall market expected to rise
The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many dealers recovered from the CDK cyberattacks that knocked new-car sales offline in late June......»»
Data analytics leaves many dealers wary, confused, study finds
A new Cox Automotive study found that data analytics tools aren't yet meeting their potential......»»
Some dealer customers want higher CDK cyberattacks compensation
CDK said dealers it has spoken with have been ‘grateful and appreciative' of compensation offer. But some affected dealers said it doesn't cover their losses......»»
Threat of slimmer used-car profits, supply allows for little slack in 2024, dealers say
Franchised dealership and auto retail group leaders spoke with Automotive News in June and July about used-car market certainties and uncertainties in 2024......»»
Volvo softens EV-or-bust strategy as hybrids show promise
Some Volvo dealers fear the consequences of sticking to the 2030 target as EV growth slows, and CEO Jim Rowan says hybrids can be a bridge for customers not ready to dump gasoline......»»
Dealers should adopt some practices now ahead of CARS Rule decision, experts say
The Federal Trade Commission's CARS Rule is on hold pending a legal challenge in the U.S. 5th Circuit Court of Appeals by the National Automobile Dealers Association and Texas Automobile Dealers Association, but dealerships might still wish to take s.....»»
Volvo EX90 might be delivered to customers without key features
The automaker is telling customers that some functions in its flagship electric SUV may have to be added later via over-the-air update......»»
Editorial: EV cost clarity is key for industry transition
The true cost of owning electric vehicles is befuddling consumers, dealers and much of the industry......»»
"Saint or devil": return of wolf stirs debate in Europe
Who's afraid of the big bad wolf? Well, quite a few European governments, it seems......»»
Nissan positions redesigned Kicks crossover in sedan territory
Nissan has told dealers the Kicks redesign will come with a price increase of less than $500 over the outgoing model. All-wheel drive carries a $1,500 premium......»»
Coastal dealers talk insurance costs, hurricane preparation know-how
NOAA expects a more active Atlantic hurricane season. Dealers, already wary of higher insurance cost,s are monitoring it......»»
Stellantis dealers press leadership for help moving metal
Stellantis retailers laid out their concerns and needs to CEO Carlos Tavares as inventory piles up and market share drops......»»
Car thieves target Michigan dealerships; police say it"s an organized theft ring
Dealers are being advised by Michigan State Police to keep their keys in a safe and increase security measures to mitigate the impact......»»
CDK CEO pledges to compensate dealers after ransomware event
CDK CEO Brian MacDonald promised to dealers in a letter that they would receive "some financial relief" for interruptions stemming from the June 19 cyberattacks......»»
Feds give $1 billion to GM, Stellantis for EV projects
The Energy Department is giving out $1.7 billion in grants to GM, Stellantis, Volvo Group and several suppliers to help support the industry's EV transition......»»
Detroit 3 fall behind international automakers in U.S. vehicle production
International automakers produced more light vehicles in the U.S. than the Detroit 3 for the first time in 2023, according to a report from Autos Drive America and the American International Automobile Dealers Association released July 9......»»
Dealers in Texas grapple with power outages, poor cell service after Beryl
Some dealers have reopened following damages, while others struggle to become functional again......»»