Tag: automotive industry insights
Auto loans more available in August, but credit access still restricted
Auto loans were easier to obtain in August, according to the latest credit availability data from Cox Automotive.
Overall loan access improved from July by...
Transform your dealership’s success with these key sales strategies – Jen Suzuki...
As the retail automotive industry evolves, dealerships recognize the importance of personalized shopping experiences and sales strategies. On today's episode of CBT Now, we're...
What Toyota dealers can expect in the final stretch of 2023...
Toyota dealers are set to gather for their annual National Dealer Meeting later this month, where they will learn more about the direction of...
Erin Kerrigan on advising the sale of Jim Koons Automotive to...
Asbury Automotive Group today announced plans to acquire Jim Koons Automotive Companies, making it the largest acquisition to be seen in the dealership buy-sell...
Asbury Automotive and Jim Koons Automotive sign massive acquisition deal
Asbury Automotive Group has agreed to purchase Jim Koons Automotive Companies, marking the first dealership group merger of this size since 2021.
According to a...
UAW swiftly rejects GM’s offer of 16% wage increase ahead of...
The United Auto Workers union received a counteroffer from General Motors, which included a proposed 16% wage increase for the top earners in its...
Slow economic growth and high interest rates dampen U.S. Q3 auto...
In the third quarter, Q3, of 2023, the Cox Automotive Dealer Confidence Index (CADSI) revealed that dealer confidence in the U.S. remained largely stable...
How minority dealers create unique opportunities for OEMs and buyers
The number of franchised minority dealers increased by more than 100 for the second consecutive year in 2022, bringing the national total to 1,476...
Dealers to get pre-approvals, instant transfers for electric vehicle tax credits
The U.S. Treasury Department has announced upcoming revisions to its electric vehicle tax credit guidelines that will add new ways for dealers to collect...
United Auto Workers makes progress in Ford, GM, Stellantis talks
The United Auto Workers (UAW) union has submitted a counterproposal to Ford after rejecting the automaker's initial offer over the Labor Day weekend.
The proposal...
