Tag: automotive news
How dealers can build lasting relationships in their communities
In the highly competitive auto retail industry, engaging with communities is not just a trendy phrase; it's an essential factor for success. Building authentic...
Volkswagen sales jump 11.8% in 2023, EV volume breaks quarterly record
The Volkswagen Group maintained an impressive recovery pace throughout 2023, ending the year up 11.8% from 2022 in terms of sales across the company's...
Tesla market valuation sheds $94 billion in first weeks of 2024
Tesla saw its market valuation shed $94 billion over the first two weeks of 2024, marking one of the sharpest share price drops in...
Why you should revisit your talent acquisition process in 2024 —...
Dealership methods of talent acquisition and retention have become increasingly outdated, not only in how retailers identify candidates but also in how they keep...
Tesla boosts pay after UAW ramps up unionization efforts
Tesla will boost worker pay across the U.S. in an effort to keep wages competitive with market norms, several months after the United Auto...
Hertz reduces EV fleet by 20,000 vehicles, blames Tesla
The well-known rental car company Hertz Global Holdings announced that it would sell around one-third of its EV fleet since it depreciated faster than...
UAW hits second unionization milestone at Mercedes-Benz plant
The United Auto Workers (UAW) union says it has obtained union authorization cards from over 30% of Mercedes-Benz's Alabama manufacturing employees, marking another milestone...
Strategies to prepare your dealership for 2024 — Adam Arens |...
Things have changed in the dealership over the last four years. Keeping up with these shifts is crucial, not only to determine how far...
Car manufacturers share cautious expectations on 2024 automotive market
Sentiments toward the automotive market shifted among dealers, manufacturers, and other industry insiders in accounting and professional services conglomerate KPMG's latest Global Automotive Executive...
New car prices dip in December as buyer’s market returns
New car prices continued to fall in December as the automotive market remains on track to hit pre-pandemic norms in the near future.
According to...