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Automotive industry news: Toyota's gains, IRS EV tax credit portal, Rivian's clean energy feat, and new UAW labor deals.

Weekly roundup: IRS opens dealer Energy Credit Portal registration, Toyota’s EV...

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Earlier this week: Toyota revved up with soaring profits, EV investment plans, and pay raises following an impressive third-quarter report. Meanwhile, the IRS streamlined...
American Honda saw sales rise dramatically from 2022, overcoming its inventory and supply challenges to score a year-over-year gain of 32.6%.

American Honda sales rise more than 30% in October

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American Honda saw sales rise throughout the month of October thanks to improved inventory and stable demand. The automaker reported total sales of 108,088 units,...
By shopping with dealers registered with the IRS, a car buyer can use their electric vehicle tax credit as a down payment at the time of sale.

Dealer registration opens for electric vehicle tax credit transfer

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Dealers can now obtain direct access to consumer electric vehicle tax credits thanks to a new website launched this Wednesday by the IRS. By registering...
The award for Automotive News 'Best Dealership to Work for' honors two Kunes Automotive and RV Group, located throughout the midwest.

Kunes Auto Group gets named among ‘Best Dealerships to Work For’...

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Automotive News' presented its "Best Dealership to Work for" award to two storefronts owned by Kunes Auto and RV Group, which operates over 44 car...
TransUnion's Satyan Merchant reveals key strategies for digital retailing success in the auto industry amidst market challenges.

How auto retailers can modernize the ways they engage with consumers...

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Many of today’s automotive consumers do a bulk of their shopping online, so there’s extra pressure on dealers to make sure transactions are done...
Unpacking digital retailing in auto sales. Discover how TransUnion aids dealers in creating seamless, secure car-buying experiences.

Auto dealers and digital retailing: a modern marriage

It’s well established that evolving consumer preferences and technological advancements have transformed the car buying process in recent years — with auto shoppers, buyers...
Steve Roessler joins CBT News to discuss the need for new dealership technology and better digital proficiency.

Dealership technology and the future of automotive commerce — Steve Roessler...

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Dealership technology is often outdated and used incorrectly, putting many retailers behind the curve on digital retail. However, with consumers conducting more and more...
Hyundai saw sales rise 0.3% in the U.S. thanks in part to its EV lineup, continuing its 15-month streak of year-over-year increases.

Hyundai ekes out year-over-year victory in U.S., posts strong EV sales

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Hyundai Motor America continued to see stronger year-over-year sales in October, according to its monthly sales report published Wednesday. The South Korean brand recorded sales...
Toyota unveiled shared multiple updates, including pay raises, EV investments and profit forecasts, after the release of its Q3 report.

Toyota announces EV investments, higher profit and pay raises after Q3...

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Toyota delivered several updates in the wake of its third-quarter report, highlighting the speed with which the brand has recovered from its post-pandemic inventory...
A business development center (BDC) is a separate dealership department that brings in sales and service clientele.

Why should dealers customize their BDC? – Matt Raymond | Bowtie...

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A business development center (BDC) is a separate dealership department that brings in sales and service clientele. Matt Raymond, Chief Operating Officer at Bowtie...