Tag: automotive industry
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...
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...
Harnessing big data for dealerships: analysis, techniques and tools
Data has become the driving force behind informed decision-making in retail and marketing. And this is especially so in the automotive industry. MarketWatch states,...
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...
10 of the most exciting vehicles hitting the streets in 2024
What better way to welcome the new year than by checking out what breakthrough vehicles are on the horizon in 2024? We’ve highlighted 10...
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...
EV tax credit rules in effect, more than 20 models lose...
New domestic sourcing requirements for electric vehicle batteries are now in effect following their reveal by the Treasury Department in the fourth quarter of...
BYD beats Tesla EV sales in Q4 for first time, but...
Chinese electric vehicle maker BYD surpassed Tesla in both production and sales for the second consecutive year in 2023, as the two companies compete...
