Tag: automotive industry
S&P Global reports average car age of 12.5 years, setting new...
According to a new S&P Global study, U.S. drivers are holding onto their used vehicles longer than ever before.
The firm's research found that light...
Ed Morse Automotive Group buys two Illinois dealerships
On May 11, 2023, the Ed Morse Automotive Group announced that it acquired two dealerships in Henry County, Illinois—one in Kewanee and the other...
OEMs want to transform the car business: Should dealers be worried?...
Automakers are pushing for sweeping changes to way vehicles are sold, but how do franchisees factor into their plans? On this episode of Inside...
Elon Musk names Linda Yaccarino as new Twitter CEO
Tesla chief Elon Musk named Linda Yaccarino, NBCUniversal's former advertising chair, as the new Twitter CEO on Friday, May 12, months after promising to...
Five Star Automotive Group acquires Toyota, BMW stores in Ohio
Five Star Automotive Group has acquired two dealerships in North Canton, Ohio, through major merger-and-acquisitions broker Tim Lamb Group.
Cain Toyota and Cain BMW were...
OEMs actively discussing affordability, expect to see discounts and incentives
Multiple automakers are signaling the return of incentives as they consider options to address rampant unaffordability in the current car market.
In comments made to...
The pitch-less sales pitch: How successful dealers win over difficult clients...
How do successful salespeople persuade guarded or disinterested car buyers? On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Matt Easton,...
Rivian slows Q1 losses, eyes profitability by 2024
Rivian ended the first quarter with a smaller loss than last year thanks to greater revenue and successful cost-cutting measures.
The electric vehicle manufacturer saw...
Toyota forecasts higher profits in 2024 buoyed by EVs and increased...
Toyota saw quarterly profits push past the previous year's number but failed to prevent an annual loss due to the rising costs of materials.
The...
NAMAD’s Damon Lester on the latest dealer diversity and inclusion efforts
The automotive industry has historically struggled with the rise of diversity and inclusion. But in recent years, there has been a push for greater...