Tag: automotive industry trends

Nearly 5,000 U.S. auto dealerships have issued a second appeal to President Joe Biden, urging him to reconsider the Environmental Protection Agency's (EPA) proposed...

Electric vehicle brand Tesla reported a steep decline in fourth-quarter profits against a 3.5% increase in revenue over the same period, missing analyst forecasts...

Automakers Ford and Hyundai shared financial updates from the fourth quarter, offering new insights into their 2023 performance. Ford announced that a pre-tax remeasurement loss,...

The dealership M&A (mergers and acquisitions) market has demonstrated incredible resilience in the post-pandemic economy, remaining undaunted by rising interest rates and fluctuating demand....

Customer Experience (CX) is created every time a customer engages with your dealership from car shopping research to ongoing service and repair work. It’s...

Car dealers have navigated a pandemic, high interest rates, inflation, and fluctuating demand with relative ease, underlining the strength of the retail automotive sector....

Edmunds has released its top-rated vehicle picks for 2024, recognizing the models that have continued to set the standard for excellence in their segment. Electric...

Cadillac has shared details of the upcoming CT5-V and CT5-V Blackwing, two luxury sedans targeted toward tech-savvy and performance-focused buyers. The two vehicles signify 20...

The F&I business remains an important aspect of automotive retail in 2024, serving to boost profits and keep customers happy. However, given the tumultuous...

Although demand for passenger and fleet vehicles is starting to normalize in the aftermath of the COVID pandemic, most car dealers have yet to...