Tag: automotive industry trends
How to successfully navigate the used EV market
The automotive industry is undergoing a notable shift towards electric vehicles (EVs), driven by the growing environmental awareness among consumers and advancements in EV...
General Motors delays electric pickups, postpones Investor Day
General Motors has postponed production of its Chevrolet Silverado and GMC Sierra electric pickups until 2025, one year later than originally expected.
The delay will...
AutoNation exits bidding war for UK’s Pendragon
AutoNation on Tuesday rescinded its offer to purchase U.K.-based automotive retailer Pendragon, roughly three weeks after joining a bidding war composed of America's largest...
Giving business owners a voice: why this M&A advisor is running...
As business owners, dealers have the ability to make an immense impact on their communities through their professional connections, wealth, and large customer base....
Affordable car prices, wage growth negate rate hikes in September
Car buyers enjoyed a more affordable new vehicle market in September in spite of rising interest rates and economic headwinds.
According to Cox Automotive's monthly...
Auto lobby group warns fuel-efficiency standards would raise car prices
The Alliance for Automotive Innovation, a lobby group representing major U.S. automakers, including the Detroit-Three, has submitted a new challenge to the National Highway...
Has the United Auto Workers strike gone too far? — John...
The historical United Auto Workers strike continues to expand as more manufacturing employees are called on to join the picket line. With no sign...
5 trends impacting your fixed ops profits and how to address...
Since the dawn of the car business, dealerships have been focused primarily on selling cars. Fixed ops has often been an afterthought. Ironically, fixed...
Stellantis, Ford lay off 1,250 employees after United Auto Workers update
Stellantis and Ford launched a new wave of layoffs at facilities in Indiana, Ohio, Illinois and Michigan as the United Auto Workers union enters...
Filipina dealership GM receives award from Ally Financial, NAMAD
Ally Financial and the National Association of Minority Automobile Dealers (NAMAD) have recognized Filipina dealership general manager Gabrielle Abinion for her inspirational leadership and...