Tag: auto sales
Lordstown Motors closes critical deal with Foxconn
Lordstown Motors Corp. announced on Wednesday that it has finally closed its deal with Taiwan-based Foxconn, which will provide the company with much-needed capital that...
5 ways to align your auto marketing strategy with customer needs
When it comes to marketing, the customer is always right. But what happens when the needs of the customer and the business are out...
General Motors to return to Europe for EV production, CEO Mary...
General Motors Chief Executive Officer Mary Barra announced this week that the automaker is planning on returning to Europe and will only be manufacturing electric...
How car dealers can combat catalytic converter theft
In the United States, catalytic converter thefts are still increasing in frequency. Thieves are finding ever more creative ways to perpetuate the crimes. Security...
Why Ford’s F-150 Lightning is the legitimate start of the EV...
First-quarter numbers are rolling in for many auto retail professionals and inventory still remains on everyone’s watchlist. Today on Inside Automotive, we’re pleased to...
The current state of the used car industry—what goes up must...
Over the past year, the auto industry has seen massive growth in both new and used car sales, with the latter seeing some of...
Carvana cuts 2,500 jobs after posting net loss of $506M
In a regulatory filing this week, Carvana said that it has laid off 2,500 of its employees, accounting for 12% of its workforce. Most of the...
Sonic Automotive opens EchoPark retail hub in Missouri
In a press release this week, Sonic Automotive said that its EchoPark brand has now expanded into Missouri as part of its goal to have 90%...
How electric vehicles might affect the fixed-ops department
Automotive News published an article a while back with the headline “Dealers, get ready for absorption rates that drop to as low as 25%” The...
Is this mistake costing your service drive lucrative business? – Michael...
We’re now in the second quarter of the year after a robust and profitable 2021 for many in the industry. Today on Inside Automotive,...
