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In this week's top automotive stories, AutoNation and Penske Automotive saw profits slide during the first quarter on weaker pricing.

Automotive weekly roundup: dealer group profits fall, emergency brake rule, Ford...

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Earlier this week: AutoNation and Penske Automotive reported first quarter earnings this week, revealing notable declines in profitability. The National Highway Traffic Safety Administration...
AI technologies shouldn’t be used as isolated systems. But instead, as an integral component of your fixed ops department’s overall approach.

Using AI to drive more fixed ops revenue

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The fixed ops department is the lifeblood of most dealerships. But this vital profit center continuously faces challenges from rising customer expectations, ever-changing vehicle...
Ford University is a new platform aiming to boost knowledge proficiency amongst dealership sales teams through a high-tech education approach.

Ford University to boost employee engagement, fill knowledge gaps

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Ford's new training platform, Ford University, aims to leverage artificial intelligence and modernized education practices to boost dealership employee knowledge and prepare the retail...
Aftermarket service providers saws higher customer satisfaction scores in 2024, posing a challenge to dealer-operated service centers.

Aftermarket service shops see higher ratings in 2024

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Customer satisfaction with aftermarket service providers improved this year, intensifying the rivalry between franchised dealers and third-party repair and maintenance shops. After tracking a rating...
Roberts, director of industry insights and analytics at CarGurus, elaborates on their recent Q1 report   

CarGurus’ Q1 2024 report: rebounding inventory and demand pose affordability questions...

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According to the CarGurus' Q1 2024 Report, inventory and demand are rebounding, but where does that leave affordability? On today's episode of Inside Automotive, Kevin...
General Motors posted strong first quarter earnings this week, offsetting declines in sales with better pricing.

Automotive weekly roundup: UAW scores victory, Tesla profits plunge, Toyota breaks...

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Earlier this week: Workers at Volkswagen's Tennessee plant vote overwhelmingly to join the United Auto Workers union, scoring a significant victory for the labor...
Toyota beat last year's volume by 7.3%, marking the first time in the company's history that global sales have exceeded 10 million units.

Toyota breaks annual sales record but hits roadblocks in March

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Toyota broke its all-time annual sales record during the fiscal year ended in March, sailing past previous records thanks to pent-up demand and a rapidly...
Ford saw Q1 revenue improve but struggled to maintain profitability as its ICE and electric divisions dragged down earnings.

Ford posts “solid” Q1 earnings despite weakening profits

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Ford posted stable earnings late Wednesday after sales rose 7% over the first quarter but struggled to maintain profitability as moderate price cuts and...
New vehicle demand remains on track to make 2024 the best sales year since the COVID-19 pandemic, despite a small speed bump in April.

New vehicle sales set to fall in April but maintain healthy...

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New vehicle sales are set to decline in April after a strong first quarter but will maintain a healthy pace thanks to better affordability,...
In the latest episode of Inside Automotive, we're joined Scott Mautz, who says mental strength can make all the difference.

6 key mental muscles for leaders in the dealership – Scott...

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As a leader, it's no secret that you're going to face challenges, and you're going to be truly tested when things get tough. In...