Tag: automotive industry trends
Dealers gather to celebrate the inaugural FADA Hall of Fame inductees
In an inaugural event, the Florida Automobile Dealers Association (FADA) on November 2 inducted 15 legendary automotive retailers into its Hall of Fame, recognizing...
CarGurus report highlights disconnect in consumer behavior, OEM forecasts
Consumer behavior trends seemed to contradict narratives set by automotive industry leaders throughout October, according to a new intelligence report by CarGurus.
October presented challenges...
Why second-generation dealers are less common in today’s buy-sell market —...
The dealership buy-sell market has changed substantially in 2023 under the weight of economic headwinds, new technologies, and uncertainty toward the future. Knowing the...
The untapped well in your own backyard
Today's auto industry represents a landscape that is at its most unpredictable as it’s ever been. There are a multitude of reasons, such as...
Fleet sales take first hit in 2023 during UAW strike
In a first for 2023, fleet sales dipped in October due to production halts caused by the United Auto Workers strike, according to Cox...
Dealership valuations remain strong but forecasts starting to weaken
Most auto retailers have remained confident in their dealership valuations throughout the 2023 buy-sell market, but a growing number are starting to feel less...
United Auto Workers shares updates on General Motors contract
United Auto Workers leaders on Saturday detailed the union's tentative agreement with General Motors, the last of the Detroit-Three automakers to reach a deal.
According...
Overcoming the trust gap between in-store and digital retail — Chase...
Dealers often prioritize their in-store activities over their digital retail operations due to a lack of trust in modern technology and today's car buyers....
United Auto Workers sets sights on non-unionized companies, targets Toyota
With their fight against Detroit-Three OEMs (presumably) won, United Auto Workers leaders are turning their attention toward non-unionized automakers in the U.S., such as...
Ford sales take first dive in 2023, ICE declines while EVs...
Ford sales declined for the first time this year in October, during which the company navigated a six-week United Auto Workers strike and disappointing...
