Tag: 2023
Exclusive: How dealerships are adapting to a new market in 2023...
In December of last year, Feldman Automotive Group celebrated the grand opening of their 19th dealership; the first freestanding Jeep dealership in Southeast Michigan. The...
Gearing up for NADA Show? Here’s what you can expect to...
With the 2023 NADA Show arriving later this week, dealers are curious to know what will be presented by the show's organizers. The last two years...
Best practices used car retailers must prioritize in 2023
Last year was one of the most challenging on record for the pre-owned vehicle market. Despite a strong performance in 2021, many used car...
Tesla makes surprise price cuts after chaotic 2022
Tesla has made a round of price cuts on some of its newer models, after ending one of the most challenging years in its...
EV newcomer Polestar beat 2022 sales goal, hit 51,500 orders
One of the newest electric vehicle brands, Polestar, had exciting news for the auto-world after it surpassed its 2022 sales goal.
The Sweden-based EV manufacturer...
Manheim forecasts used vehicle market will perform better in 2023
Cox Automotive has published a surprisingly positive forecast for 2023's used-vehicle market, predicting slightly better sales and a market normalization.
The data used for its...
New car buyers face record-high monthly auto loan payments
Monthly auto loan payments have hit an all time high, according to data published by Edmunds.
The report sourced data from the last quarter of...
How Hyundai is planning to beat last year’s sales volume
Hyundai and its subsidiary, Kia, now expect to beat last year's sales volume by 670,000 units, achieving a total of 7.52 million.
In its statement,...
Rare Tesla discount gets boost for holidays as investors worry over...
In an extreme departure from form, the holiday Tesla discount will be doubled to $7,500 in the U.S.
The Tesla discount was already a rare...
Auto leaders have lowered their EV sales outlook after slow growth
In a new report, KPMG unveiled data showing how the auto-industry's EV sales outlook has soured over the course of 2022.
Using survey responses from...