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......»»
Toyota"s EV strategy guided by dealers and customers, not regulations, says Jack Hollis
Jack Hollis, head of sales for Toyota Motor North America, said emissions regulations aimed at forcing wider EV adoption are far ahead of where consumers are......»»
Dealers prep for what could be a ‘banner year" for buy-sells
Executives from three of the largest auto retailers in the country shared their outlooks on the dealership buy-sell market at AutoTeam America's Dealer/CEO/CFO Forum......»»
Former NADA chair Paul Walser urges young dealership leaders to ‘be patient"
Former National Automobile Dealers Association Chairman Paul Walser encourages 40 Under 40 winners and alumni to ‘be patient' when waiting for promotions......»»
Dealers say Biden"s EV strategy is too aggressive for U.S. market
Nearly 83 percent of dealers say the federal government is pushing the industry to move too fast on EVs, according to responses to the Automotive News 2024 Dealer Outlook Survey of 208 dealers and dealership managers......»»
Volvo expects record revenue, car sales in 2024
CEO Jim Rowan expects Volvo to increase it vehicle sales more than 15 percent compared with last year's record total of 708,716......»»
Survey shows dealers are concerned about affordability, new-vehicle profit margins
Dealers expect new-vehicle sales to improve or stay about the same in 2024, though a majority are concerned about degradation in new-vehicle profit margins......»»
Volvo to stop funding Polestar as Geely readies bailout
Polestar and Volvo owner Geely said it welcomed Volvo's decision to focus its resources on its own development......»»
After signing Mills group as 1st U.S. dealer, Fisker heads to NADA Show to recruit more
In Fisker's pivot to franchised dealers from direct sales, the EV startup is pursuing dealers, first at an open house and then at the NADA Show......»»
Three dealership groups, brothers acquire stores in Q4, Q1 deals
Two transactions involved dealers ranked on list of top dealership groups......»»
CDK Global bets dealers will embrace new virtual assistant tool
The Artificial Intelligence Virtual Assistant, or AIVA, is making its official debut at the 2024 NADA Show......»»
Tesla EV share falls in booming California market as rivals make gains
The California New Car Dealers Association said Tesla's 2023 share of the electric market fell to 60.5 percent from 71 percent a year earlier. Mercedes-Benz and BMW showed the biggest share gains......»»
Fisker, VinFast head to NADA looking for dealer partners
The two newcomers are the first full-EV brands to pivot from the direct-sales model pioneered by Tesla to franchised dealers. VinFast has a few dealerships and Fisker expects its first in February......»»
Live talk Friday at 2 p.m. EST: What"s on car dealers" minds at the NADA Show
Join Automotive News at 2 p.m. EST Friday for a live chat from the NADA Show floor as we discuss the key issues facing dealerships in 2024.Executive Editor Jamie Butters and Senior Editor Dan Shine will be joined by Leonard A. Bellavia, senior partne.....»»
Remanufactured headlamps cheaper for consumer, keep waste out of landfills, GM says
General Motors is working with Llink Technologies to produce and sell remanufactured headlamps, giving dealers and customers more choice when a damaged one needs to be replaced. The partnership allows GM to compete in the aftermarket space and is bet.....»»
Volvo EX30 deliveries stalled by software issue
Volvo has delayed deliveries of EX30 because of an issue with the electric SUV’s software......»»
FordDirect debuts online marketplace for Ford, Lincoln dealers
The Shop is a marketplace where Ford and Lincoln dealers can buy software and services from curated vendors and startups......»»
Fisker to recruit retailers at NADA as first Ocean EVs head to dealerships Feb. 5
CEO Henrik Fisker says more than 65 U.S. dealers are talking with the EV maker. The first group to sign has ordered thousands of the Ocean crossovers, which will hit dealer lots in early February......»»
Lotus dealers stuck with sold Emira stock as emissions certification drags on
Lotus is delivering the $100,000 low-slung coupe to dealers ahead of receiving emissions certification from the California Air Resources Board. The car can't be sold in any of the 50 states without CARB approval, Lotus said......»»
New Toyota Financial Services CEO says leasing drives loyalty, must regrow
Scott Cooke, the newly appointed CEO of Toyota Financial Services, said cooperation will be required between dealers, lenders and manufacturers to regrow leasing penetration rates but that leasing is an important driver of loyalty......»»
Volvo Group unveils VNL high-tech truck platform for electric, diesel, hydrogen powertrains and autonomous driving
Volvo's new truck platform is designed with an electrical system optimized for autonomous driving and safety features......»»