What Does the Dealership Do With My Traded-In Car?
You’ve finally picked out the new car you’ve wanted at the dealership. Now you’re signing the papers to trade in your current car for this newer vehicle you’ve been eyeing. Once you get that money for your trade-in and hand ov.....»»
Toyota dealership in Ariz. will pay $60,000 to settle claims it advertised deceptive prices
Arizona Attorney General Kris Mayes said the store's prices failed to include the full reconditioning fees the dealer charged and the cost of mandatory additions like exterior coating and door edge guards......»»
Ford revives stair-steps to move 2023 F-150s off dealership lots
The automaker since February has been offering retailers escalating bonuses to hit and surpass monthly F-150 sales targets. This month's payout is up to $1,000 per truck......»»
Cocoa price has doubled in mere months, but it shouldn"t add much to the price of chocolate
Since the start of this year, the price for cocoa traded on the futures exchange has doubled, climbing from US$4,275 a ton to US$9,481 after earlier hitting an all-time high of US$10,274......»»
Average dealership profit falls again in 2023, report from Presidio and NCM Associates shows
The stark decrease in profit will also likely bring dealership valuations down......»»
Hyundai didn"t coerce former dealership to build standalone Genesis facility, Wisc. jury says
Hyundai Motor America didn't wrongfully coerce or attempt to coerce one of its former dealerships to provide an exclusive facility for its Genesis franchise, a federal jury in Wisconsin has found......»»
Survey: Dealerships lukewarm about EV service overall but see potential for increased retention, revenue
Nearly half of dealership executives and fixed ops leaders aren't overly enthused about integrating EV service into their shops. They're also not overwhelmingly positive about the overall future of EV service......»»
Credit unions plan to grow auto dealership relationships in 2024
Most credit unions expected to work more closely with car dealerships in 2024, and nearly all of them think such collaboration aids members, according to a Credit Union Leasing of America survey of that auto lending sector......»»
Lawsuit: Toyota misled about savings from maintenance plan
A California woman has sued Toyota Motor Credit Corp. and Toyota, alleging one of the manufacturer's car dealers sold her a ToyotaCare Plus maintenance plan for 10 service visits — only to have another Toyota auto dealership service department igno.....»»
New England"s DCD Automotive, known as Nucar, buys New Hampshire family dealership
New England auto group DCD Automotive Holdings, which operates under the name Nucar, bought a family dealership in Concord, N.H., in December. It will aim to sell at least 75 used cars a month there......»»
Technician damaged vehicle learning to drive a manual transmission, lawsuit alleges
Two technicians at a Milford, Conn., dealership allegedly damaged a service customer's "dream car" during a joyride where the older one wanted to teach the younger one how to drive a manual transmission vehicle......»»
Pangolins in Africa: Expert unpacks why millions have been traded illegally and what can be done about it
Pangolins are fascinating creatures known for their unique appearance and distinctive scales. They are mammals belonging to the order Pholidota and are native to Africa and Asia. Due to their primary diet of ants and termites, pangolins are often ref.....»»
Talk to each other: How dealers can smooth tech vendor bumps
CEO Liza Borches has pursued a multiyear effort to streamline her dealership group's use of technology and make remaining vendors work better together. That included a summit of all the major players......»»
Land Rover, Mitsubishi, CDJR, Nissan of Shelby dealerships sell
Nissan of Shelby gets a fresh start, a minority owned dealership group expanded by two stores and another group acquired its first Land Rover dealership......»»
Holman nearly doubles auto retail business with Leith Automotive megadeal
The transaction closed this week and nearly doubles Holman's auto retail business. It's the latest in a slew of large dealership group acquisitions......»»
Kia, Subaru, Buick-GMC and Honda dealerships sell in Q4, Q1 transactions
Two Automotive News top 150 dealership groups purchased import stores in the fourth quarter and a mid-Atlantic group bought three stores in the fourth and first quarters......»»
Ind. dealership group starts high school program to develop future auto technicians
Many dealerships look to community college training programs as a source of future auto mechanics. An Indiana dealership group is starting even earlier in its search — high school......»»
Group 1 acquires South Carolina Honda, Mercedes-Benz dealerships
The deal brings Group 1's year-to-date total of acquired dealership annual revenue to $1 billion......»»
Asbury sells Lexus store and Baxter Auto adds Toyota dealership in Q1, Q4 deals
Asbury Automotive Group Inc. sold a Lexus dealership, Baxter Auto bought a Toyota dealership and a Puerto Rico dealer bought his first U.S. mainland store......»»
Astra Space goes private as it recovers from Space Coast launch failures
The value of publicly traded Astra Space has been falling since it shelved a rocket design that only went for 2 for 7 on launches, including two highly visible failures from the Space Coast. Now the company is going private......»»
Kansas, Nebraska dealership groups granted trials in hail damage dispute
Two Great Plains dealership groups have won the right to trials on assertions their insurers wrongfully refused to fully reimburse them for repairing hail-damaged vehicles......»»