Tag: automotive industry trends
The 2024 buy-sell market: should dealers wait to sell? — John...
The dealership buy-sell market has undergone significant changes in a short period of time, as the retail automotive sector has grappled with unprecedented innovations...
Hyundai, Mercedes, Kia among top players at 2024 CES trade show
Automakers and technology companies are preparing to unveil a host of innovative mobility and transportation products at the annual 2024 CES trade show, starting...
Elon Musk denies drug use following Wall Street Journal allegations
Tesla and SpaceX CEO Elon Musk has come under fire from fellow executives and board members over his alleged drug use, according to a...
Penske acquires Don Allen Auto for $12.34 million, Feldman enters Indiana...
Despite a slight decline from 2022's record highs, blue sky values—a key metric in dealership valuation—remain elevated, standing at 2.3 times above pre-pandemic levels....
Modernizing the car buying experience with on-demand delivery — Kirsten Knull...
Utilizing AI-optimized technology and a network of more than 20,000 top-rated, insured drivers, vehicle delivery platform Draiver helps dealerships maximize their customers' experience, reducing...
2024 automotive investment outlook: steady growth despite election and economic uncertainty
Welcome back to the latest episode of The Future of Automotive, with Steve Greenfield, Founder and CEO of Automotive Ventures, where we put recent automotive and mobility...
6 key automotive retailing trends to watch closely in 2024
As the automotive industry continues to evolve, the year 2024 promises to be a pivotal one marked by dynamic shifts in automotive retailing. From...
Honda’s leap into used car leasing: a signpost to the future...
As Honda announces its foray into certified pre-owned (CPO) vehicle leasing, it may be that the automotive industry stands at a curious crossroads. This move...
New car sales improve in December, full-year volume hits 15.5 million
New car sales will improve on a monthly and yearly basis, according to Cox Automotive, following a late-season demand surge in December.
Based on the...
VinFast follows through on franchise plans, partners with five U.S. dealers
Vietnam-based electric vehicle manufacturer VinFast has formally entered partnerships with several U.S. dealers, marking a break from the fledgling company's initial direct-sales model.
After signaling...