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......»»
Nissan returns to sales playbook to move old Rogue supply
Nissan is offering dealers a $1,000 bonus on each 2023 Rogue sold in March if they meet their volume target, which varies by store......»»
Audi, Porsche begin releasing vehicles to U.S. dealers after customs delay at ports
VW Group is replacing a part allegedly built using forced labor, a violation of U.S. trade laws, and plans to complete deliveries of impacted vehicles by the end of March......»»
‘Artificial paydown" fraud from customers can leave car dealers, auto lenders with losses
An Oklahoma man pleaded guilty to three counts related to duping dealers into paying or crediting him with funds based on what authorities called reports of phony former vehicle payoffs......»»
Dodge dealers eager for Charger EV, even if buyers choose gas instead
Two versions of Charger electric coupes are scheduled to enter production this year, followed by four-door EVs and gasoline models in 2025......»»
Identity fraud is more sophisticated and widespread. Here"s how dealers can fight back
As cases of fraud rise, dealers are getting burned more often......»»
Nissan’s fleet sales are surging, and dealers fear history is repeating itself
Last month, Nissan sold nearly 40,000 vehicles, or 44 percent of total sales, to rental companies. But the automaker’s sales chief expects fleet share to stabilize soon......»»
Cars Commerce CEO wants dealers to avoid ‘third-party widgets"
Speaking at the 2024 NADA Show in Las Vegas, Cars Commerce CEO Alex Vetter sounded off on retailer technology trends, issues and priorities for the coming year......»»
Amazon, Hyundai partnership causing concern among dealers, survey says
U.S. dealers have mixed feelings about how the partnership between Hyundai Motor and Amazon will affect the industry, according to results from Automotive News' 2024 Dealer Outlook Survey......»»
Self-driving sensor maker Luminar"s shares fall as production delay at Volvo hits earnings
Luminar Technologies shares tumbled about 11% Wednesday after the self-driving sensor maker's fourth-quarter results missed estimates on delayed production schedule for Volvo Cars' new EX90 electric crossover......»»
Fisker to report Q4 earnings amid EV slowdown, pivot to franchised dealers
Questions submitted by investors for the earnings call reflected concerns about Fisker's financial stability and problems with its first vehicle, the Ocean, which launched in the U.S. in late June......»»
EV startup Fisker signs two more U.S. dealers, Bul Auto Sales and Karma Indy
Fisker said the two new partners plan to open three locations in New York, Florida and Indiana. The EV maker switched from direct sales to franchised dealers in January......»»
Auto industry has tried to make case for relaxed EPA vehicle emissions rule. It might succeed
Since the proposed rule was released in April, automakers, dealers and the UAW have pleaded with the EPA to relax requirements that they argue would effectively mandate an aggressive increase in electric vehicle sales before the supply chains, infras.....»»
Volvo to cut stake in Polestar to 18% as EV demand slumps
Polestar shares have fallen due to a slower-than-expected ramp up and overall cooling EV demand. Volvo's move will hand more responsibility to China’s Geely, which controls both companies......»»
NADA names new advocacy staff leaders
The National Automobile Dealers Association has created a new leadership position, with many executives changing positions......»»
White House to weaken climate-fighting fuel efficiency targets for 2030
The plan faced opposition from OEMs, car dealers, and the United Auto Workers. Enlarge / Polluted street scenes like this will remain common in the United States, which will abandon ambitious fuel efficiency standards in the face.....»»
Q4 new-vehicle gross profits drop for big 6 public auto dealers
High interest rates, more expensive vehicles and a steadier post-pandemic supply chain are reducing new-vehicle gross profit, but it is still higher than pre-pandemic levels. That could change by year end......»»
Fisker signs three more U.S. dealers, with stores opening in six states
The new stores are Ourisman Fisker in Maryland, Classic Fisker in Georgia and Long Island Fisker in New York, with another planned for New Jersey, Fisker said. The automaker previously signed Mills Automotive Group......»»
Car dealers step up opposition to White House fuel efficiency targets
It's hard to buy a new EV if dealerships aren't interested in selling them. Enlarge (credit: Richard Newstead/Getty Images) Electric vehicle sales had a pretty good 2023 in North America, with more than 1.1 million batte.....»»
Prices for EV charging fluctuate for profit certainty but risk driver angst
A strategy shift is critical for charging companies' viability, analysts say, but inconsistent prices could hurt EV drivers' experience......»»
EV sales would benefit from more auto show exposure
Electric vehicles sales could account for 10 percent of the market in 2024, but getting there will take additional effort from dealers and manufacturers, including participation in auto shows......»»