Tag: automotive industry news
Mastermind and Reynolds and Reynolds integration now available for dealerships
NEW YORK (June 27, 2023) – automotiveMastermind (aM), part of S&P Global Mobility and the leading provider of predictive analytics and marketing automation solutions...
Lordstown Motors sues former partner Foxconn after filing for bankruptcy
Electric vehicle brand Lordstown Motors is suing its former business partner Foxconn after filing for bankruptcy on June 27.
The conflict stems from a deal...
Trump makes case against electric vehicle push to Michigan voters
Current GOP frontrunner Donald Trump criticized the automotive industry's electric vehicle transition during a weekend event in Michigan.
Trump made the remarks at the Lincoln...
Emerging trends in digital marketing and data collection for dealers —...
Customer data and digital marketing are crucial tools for running a profitable dealership. On this episode of Inside Automotive, host Jim Fitzpatrick is joined...
Different shoppers mean different customer service practices — Matt Wahnon |...
Today's car buyers are increasingly diverse and complex, which means dealers must constantly refine their customer service practices. On this episode of Inside Automotive,...
AutoNation purchases 5 stores in California, Goode Motor Auto Group enters...
The following notable M&A deals were finalized in the past few months, involving numerous brands and a few high-profile dealer groups.
AutoNation
AutoNation has expanded once...
Forward-thinking dealers see greater fixed operations profit, efficiency
Forward-thinking car dealers have seen fixed operations department profits and efficiency significantly improve over the last year, according to new research by Cox Automotive.
As...
Sonic Automotive closes eight EchoPark locations to shift used-vehicle supply
Sonic Automotive, one of the largest dealership groups in the U.S., is closing eight EchoPark used-vehicle stores in response to supply and demand pressures,...
How dealers can help fix the automotive industry gender gap —...
Historically, the automotive industry has been male-dominated. Even in 2023, women make up less than 25% of all employees in car dealerships, according to...
Ford scores massive $9.2 billion loan for electric vehicle batteries
Ford has secured one of largest automotive industry subsidies in U.S. history to boost electric vehicle production, part of the Biden Administration's efforts to...
