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......»»
Proposed Virginia legislation aims to limit buy-sell approval time
The head of the Virginia Automobile Dealers Association said this legislation, if signed into law, will help to shorten sometimes lengthy reviews by automakers to object or approve a proposed buy-sell deal......»»
Dealers want better answers to used EV questions, including reliability and valuation
Better valuation processes could help dealers and consumers understand a used EV's condition, and more low-cost EVs and incentives could kindle shopper demand......»»
Ford will bring back program to prioritize small dealers" orders
Ford is bringing back a program that will prioritize small dealers' retail orders, even if they've run out of allocation. The company had suspended the program amid inventory shortages......»»
Mazda extends captive finance agreement with Toyota to 2030
Mazda North America grabbed an early renewal of its private-label captive finance agreement with Toyota Financial Services from 2020, allowing the lender to continue to offer products to Mazda dealers and consumers through 2030 under the Mazda Financ.....»»
Ford promises more dealer engagement, then skips Q&A
Ford executives promised to communicate better with dealers but frustrated some NADA Show attendees by not taking any questions during the brand's make meeting......»»
Lucid turns to Saks Fifth Avenue for test drives, marketing
As some EV startups recruit U.S. dealers for retail help, Lucid is partnering with Saks for Air sedan test drives and marketing. Air sales fell 10 percent in the fourth quarter to 1,734 despite generous promotions......»»
These 5 NADA make meetings were notable standouts this year
NADA Show make meetings are where dealers hear what's coming their way — both good and bad. Here's a rundown of five of the most interesting meetings this year......»»
Hyundai touts early success with Amazon retail program
Just one month into the pilot program Hyundai made its first vehicle delivery to an Amazon employee in Seattle, the company told dealers Saturday at the NADA Show......»»
Audi dealers aim for modest new sales improvement in 2024
The German luxury brand set a new sales record in 2023. This year could be even better......»»
Lincoln seeks to top 100,000 U.S. sales in 2024
Lincoln dealers walked away from the brand's NADA Show make meeting believing they can achieve double-digit growth in 2024 on the back of an updated product lineup......»»
Genesis dealers high-five over record sales and wave of new standalones
Genesis dealers are expecting 2024 to mark another year of growth as the young luxury brand moves ahead with plans to open more standalone retail stores and stays the course on electric vehicles......»»
Ineos Grenadier SUV sales get off the ground in the U.S.
Since starting its first U.S. Grenadier deliveries in November, Ineos Automotive has been in constant contact with its dealers and customers regarding the SUV......»»
Black dealers talk EVs, industry challenges on NADA panel
A panel discussion with two minority dealers highlighted some of the obstacles they have overcome and foresee in the future......»»
New Stellantis N.A. chief seeks more dealer dialogue
Carlos Zarlenga, Stellantis' new top North American executive, said conversations with dealers can help the automaker grow......»»
Ford promises EV adjustments, more dealer engagement
Ford CEO Jim Farley said he will travel the country visiting with as many dealers as possible, according to people at the meeting......»»
Tensions between dealers and automakers still stewing in some states
Dealers and their state associations have been working to strengthen protections in franchise laws, addressing emerging issues such as direct sales to consumers and costly sales standards for electric vehicles......»»
NADA"s outgoing chairman takes issue with federal regulations, potential impact of Chinese EV brands
Geoffrey Pohanka, outgoing chairman of the National Automobile Dealers Association, said he is very concerned about the industry's rapid transaction to electrification......»»
Volvo Cars CEO: EV market cold feet not our concern
Volvo Cars CEO Jim Rowan says the softening of electric vehicle demand is a mass-market headache — not his......»»
NADA economist predicts 15.9 million new light-vehicle sales in 2024
The National Automobile Dealers Association's top economist, Patrick Manzi, said he's predicting new light-vehicle sales in the U.S. could reach 15.9 million in 2024......»»
Dissecting ongoing challenges for dealers in EV adoption
EV demand is alive, but questions remain about its consistency, according to experts who discussed the topic at Automotive News Retail Forum: NADA......»»