Tag: automotive news
Fleet sales take first hit in 2023 during UAW strike
In a first for 2023, fleet sales dipped in October due to production halts caused by the United Auto Workers strike, according to Cox...
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....
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...
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...
American Honda sales rise more than 30% in October
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,...
Dealer registration opens for electric vehicle tax credit transfer
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...
Dealership technology and the future of automotive commerce — Steve Roessler...
Dealership technology is often outdated and used incorrectly, putting many retailers behind the curve on digital retail. However, with consumers conducting more and more...