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......»»
Used-car market normalizing, though affordability, inventory concerns remain
As the U.S. auto market shows slow signs of normalization, used-vehicle dealers are assessing what the return of new-vehicle supply and used-vehicle depreciation means for demand in 2024......»»
Dealerships look to cut costs through sustainability projects
From LEDs to recycling initiatives, EV chargers and reused water, dealers across the U.S. are making their businesses more sustainable......»»
FTC meeting stresses CARS Rule value to U.S. troops, ‘honest" auto dealers
Agency attorneys also described the rule's goals and what one called four ‘key' requirements it imposed on car dealerships......»»
Service Counter: Technicians say proper shop equipment, tool allowance some of the keys to happy workplace
Job recruitment platform WrenchWay polled technicians, dealers, students and others in the automotive industry for its 2023 Voice of the Technician survey......»»
FTC stays CARS Rule on dealerships pending U.S. appeals court review
The Federal Trade Commission has stayed enacting its CARS Rule on auto dealerships pending the outcome of a 5th U.S. Circuit Court of Appeals challenge by the National Automobile Dealers Association and Texas Automobile Dealers Association......»»
How a 27-year-old busted the myth of Bitcoin’s anonymity
Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable. Enlarge (credit: Sam Rodriguez) JUST OVER A DECADE AGO, Bitcoin appeared to many of its adherents to be the crypto-anarchist holy grail.....»»
How to watch, participate in FTC CARS Rule session Jan. 18
Auto dealers seeking more information about the Federal Trade Commission's upcoming CARS Rule regulating car dealership advertising and finance and insurance practices can attend a virtual FTC open meeting featuring the topic Jan. 18......»»
VW steers clear of Red Sea disruption by rerouting parts supply
Although the move is adding two weeks to delivery times, it is helping VW avoid the production pauses that rivals Volvo and Tesla are facing in Europe......»»
Dealers filling void left by Stellantis marketing pullback
Groups of dealers are using vehicles from their lots to fill in for a corporate-sponsored display at some auto shows as the automaker reduces its marketing spending......»»
Volvo, Tesla halt production amid Red Sea crisis; Stellantis uses air freight
Volvo and Tesla are suspending production at European plants after attacks on vessels in the Red Sea disrupted supply chains, while Stellantis is using air freight......»»
Volvo joins Tesla in halting production amid Red Sea crisis
Volvo and Tesla are suspending production at European plants after attacks on vessels in the Red Sea disrupted supply chains......»»
Buyers demand affordable cars. Automakers, dealers take notice
Dealers and automakers are noticing a growing number of frustrated new-vehicle shoppers settling for lesser trim levels......»»
Fisker will exit direct sales and rely on dealers for all sales, service
Fisker is abandoning its plan to deliver vehicles directly to customers and will transition all sales to franchised dealers starting this year......»»
Penske Automotive expands U.K. footprint with 15-store Rybrook Group deal
The Penske-Rybrook deal includes four BMW, four Mini, four Volvo, two Land Rover and one Porsche dealership......»»
Fisker targets 50 franchised dealers in U.S., Canada
The EV maker is targeting 50 franchised dealerships in the U.S. and Canada to replace its direct-sales model......»»
Car dealers get more time to file U.S. EV tax credit paperwork
U.S. car dealers will have more time to report sales of electric vehicles that qualify for federal tax credits that they are offering directly to customers, the Internal Revenue Service announced......»»
NADA, Texas Automobile Dealers ask Fifth Circuit to review FTC CARS Rule
The National Automobile Dealers Association and Texas Automobile Dealer Association on Thursday petitioned the Fifth Circuit Court of Appeals to review the Federal Trade Commission's CARS Rule.....»»
Proton offers dealers online security as hacking threat grows
Reynolds and Reynolds acquired Proton last year, in the wake of growing cybersecurity needs and compliance requirements......»»
NCM Associates acquires dealership training company Kain Automotive
Kain Automotive's acquisition by Kansas City, Mo., dealership consulting company NCM Associates puts its employees in a position to have "more impact for a broader spectrum of dealers," owner David Kain said......»»
Vietnam"s VinFast adds dealers in Texas, New York and Kansas
The EV maker is quickly deploying its first group of franchised dealerships after opening up its sales model to third-party sellers. VinFast now has five independent dealers in addition to company-owned showrooms in California......»»