Tag: automotive industry trends
Automotive weekly roundup: dealer group profits fall, emergency brake rule, Ford...
Earlier this week: AutoNation and Penske Automotive reported first quarter earnings this week, revealing notable declines in profitability. The National Highway Traffic Safety Administration...
Using AI to drive more fixed ops revenue
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 to boost employee engagement, fill knowledge gaps
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 shops see higher ratings in 2024
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...
CarGurus’ Q1 2024 report: rebounding inventory and demand pose affordability questions...
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...
Automotive weekly roundup: UAW scores victory, Tesla profits plunge, Toyota breaks...
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 breaks annual sales record but hits roadblocks in March
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 posts “solid” Q1 earnings despite weakening profits
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 sales set to fall in April but maintain healthy...
New vehicle sales are set to decline in April after a strong first quarter but will maintain a healthy pace thanks to better affordability,...
6 key mental muscles for leaders in the dealership – Scott...
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...