Tag: automotive industry
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....
In-house vs external BDC: How and why to make a switch
For a dealership, follow-up with customers is absolutely crucial. Some customers will choose which dealership to shop at based on interactions with salespeople over...
5 ways to knock down silos and build bridges across dealership...
If there is one thing I have learned in my 20+ years working in auto dealerships, it is that an auto dealership, at the...
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...
Jeff Wyler Automotive Family marks 50 years of driving innovation
On November 1, the Jeff Wyler Automotive Family celebrated 50 years in business. Beginning as a modest Chevrolet dealership in Batavia, Ohio, Jeff Wyler...
What Q2’s auto loan trends mean for the months ahead —...
Auto loan delinquencies have steadily risen throughout the year, giving many financing and insurance specialists the impression that car buyers are struggling to navigate...
Entrepreneurial endurance tested: navigating today’s economic climate
Welcome to another edition of The Future of Automotive, with Steve Greenfield, Founder and CEO of Automotive Ventures, where I put recent automotive and...
