Tag: automotive industry insights
Jeff Dyke on Sonic Automotive’s stellar 2024 and future growth
On today’s episode of Inside Automotive, Jeff Dyke, president of Sonic Automotive, shares the company’s impressive fourth-quarter earnings and outlook for 2025. He also...
Trump unlikely to enforce auto tariffs on April 2
The Trump administration is unlikely to implement automobile tariffs on April 2, marking a significant shift from its original trade policy. This news was...
Ford’s dividend at risk amid tariffs and declining profitability
Ford's dividend payout is facing significant pressure due to the impact of new U.S. import tariffs, and a potential reduction seems increasingly likely. The...
Nick Latino shares how strong fixed ops drives customer retention and...
With more customers holding onto their vehicles longer, fixed operations remains a critical revenue driver for dealerships. At Parkway Toyota, Fixed Operations Director Nick...
Stellantis offers UAW workers buyouts as part of cost-cutting strategy
Stellantis has offered buy-out packages to UAW-represented hourly employees in Detroit and Toledo facilities as part of its broader cost-cutting strategy. Employees with at...
Cox Automotive’s 15th Annual Car Buyer Journey Study reveals key trends...
The latest Car Buyer Journey Study from Cox Automotive marks its 15th year, offering vital insights into consumer behavior, satisfaction, and digital retailing trends....
Why car dealerships must prioritize commercial sales (and service)
To remain competitive in today's evolving automotive industry, dealerships must seek out and capitalize on new revenue streams. One of the most overlooked, yet...
Nissan restructures leadership, cutting top management by 20%
Nissan Motor Co. will shrink its executive leadership team by 20% as part of a leadership restructuring effort. The automaker announced the changes on...
Mazda adopts “Lean Asset Strategy” to manage electrification costs
As inflation continues to impact manufacturing costs, automakers are seeking new ways to sustain their long-term investments without compromising growth. Mazda is implementing several...
Kevin Tynan breaks down the latest auto market trends
As 2024 kicks off, the automotive industry faces a shifting landscape marked by fluctuating sales, EV mandates, and new tariffs. Kevin Tynan, director of...
