Tag: auto industry news
Used vehicle prices dip again in March amidst sales surge
Used vehicle prices at auction were stable month-over-month in March but declined sharply from last year, following months of normalizing inventory levels in both...
Simple strategies to lead your dealership employees through change
Adapting to change is a considerable task, one that often leaves dealership leaders at a loss. However, by focusing on the right things, even...
Ford brings back controversial stair-step incentives to drive F-150 sales
Ford is reintroducing "stair-step incentives," a controversial practice that pays dealers bonuses for surpassing sales targets on certain models, to bolster sales of 2023...
Ford delays Canadian release of electric pickup and three-row EV
On April 4, Ford Motor announced that it had postponed the release of its next-generation electric pickup truck and its three-row EV vehicles in...
Fisker withdraws earnings forecast for 2024 as financial woes mount
Fisker has withdrawn its 2024 financial forecast as it faces a regulator probe over its Ocean SUV, the latest in a series of troubles...
Stellantis U.S. sales drop again in Q1 after weak 2023
Stellantis' U.S. sales continued to decline in the first quarter, causing it to bleed market share while other automakers reported strong year-over-year gains.
The European...
Digital Finance: Consumer Expectations and Today’s Digital Retail Reality
In last month’s article, “From the Fax Machine, to the future: Auto Finance Disruption Time is Here,” I revealed data that demonstrated how overdue...
De-mistifying dealership defection rates — Eric DeMont | Urban Science
Defection rates deliver vital information to dealers, allowing them to identify how many customers took their business elsewhere while measuring the impact of retention...
General Motors sales drop 1.5% on weakened fleet business
General Motors saw a slight decline in sales over the first quarter driven by difficulties in its fleet business but retained its title as...
Tesla posts disappointing Q1 sales under weakening EV demand
Tesla posted first-quarter sales on Tuesday, with disappointing forecasts and a sharp decline in deliveries that underline the impact of the electric vehicle market's...
