Tag: automotive news
Why ‘bad news’ doesn’t exist in car sales
Car salespeople tackle various challenges every day, ranging from customer hesitancy to financial hurdles. Although these types of tough conversations are a common aspect...
Lordstown Motors sues former partner Foxconn after filing for bankruptcy
Electric vehicle brand Lordstown Motors is suing its former business partner Foxconn after filing for bankruptcy on June 27.
The conflict stems from a deal...
Trump makes case against electric vehicle push to Michigan voters
Current GOP frontrunner Donald Trump criticized the automotive industry's electric vehicle transition during a weekend event in Michigan.
Trump made the remarks at the Lincoln...
June new vehicle sales and inventory improve while profit margins shrink
J.D. Power and GlobalData forecast a monthly new vehicle sales total of over 1.38 million units this June, placing the automotive industry well ahead of its position...
Different shoppers mean different customer service practices — Matt Wahnon |...
Today's car buyers are increasingly diverse and complex, which means dealers must constantly refine their customer service practices. On this episode of Inside Automotive,...
AutoNation purchases 5 stores in California, Goode Motor Auto Group enters...
The following notable M&A deals were finalized in the past few months, involving numerous brands and a few high-profile dealer groups.
AutoNation
AutoNation has expanded once...
Forward-thinking dealers see greater fixed operations profit, efficiency
Forward-thinking car dealers have seen fixed operations department profits and efficiency significantly improve over the last year, according to new research by Cox Automotive.
As...
Sonic Automotive closes eight EchoPark locations to shift used-vehicle supply
Sonic Automotive, one of the largest dealership groups in the U.S., is closing eight EchoPark used-vehicle stores in response to supply and demand pressures,...
New vehicle quality drops again in 2023 as brands push new...
New vehicle quality decreased in J.D. Power's annual Initial Quality Study under industry-wide shifts to new features and emerging technologies.
J.D. Power researchers calculated vehicle...
How dealers can help fix the automotive industry gender gap —...
Historically, the automotive industry has been male-dominated. Even in 2023, women make up less than 25% of all employees in car dealerships, according to...