Tag: automotive news
GM reports $1.1 billion hit from UAW strike but raises dividend,...
General Motors (GM) has reported a significant financial impact from the recent six-week strike by autoworkers, with pretax earnings suffering a $1.1 billion loss,...
The role of leasing in a normalizing car market — Aaron...
With signs of pre-pandemic norms returning to the market, car dealers are beginning to consider alternative strategies, such as leasing, to maintain their profit...
How to combat inflation, boost sales and enhance F&I performance
Obstacles such as rapid inflation, high interest rates and constrained supply continue to challenge both dealers and car buyers, even as the car business...
Used car market trends: why dealers are turning to multichannel acquisitions...
The used car market has experienced more ups and downs than any other automotive segment in recent years as consumer demands shift in response...
Amazon partners with Hyundai for online car sales, shaking up auto...
Welcome back to the latest episode of The Future of Automotive, with Steve Greenfield, Founder and CEO of Automotive Ventures, where we put recent...
Dealers warm up to digital retailing but obstacles persist
The adoption of digital retailing tools among dealers has expanded in 2023, with the percentage of storefronts offering a fully online car-buying experience increasing...
Sheehy Auto Stores raises $340,000+ for American Heart Association
Virginia-based Sheehy Auto Stores has raised $341,476 in 2023 to support the American Heart Association (AHA), continuing its long-term commitment to fight heart disease...
Tesla to charge “congestion fee” at some Supercharger locations
Tesla will charge certain drivers a "Supercharger Congestion Fee" at a limited number of charging sites across the U.S. in an effort to reduce...
Actionable steps to improve diversity within the dealership — Fernando Varela...
National Hispanic Heritage Month is a time to celebrate diversity and reflect on the culture and contributions of the Hispanic community. Within retail automotive,...
Service center revenue, demand remain strong throughout October
Dealers continued to see demand and profit in the service center throughout October, with revenues and work volumes remaining strong despite industry-wide instabilities stemming...
