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Astonishing dealer profits drive dealership values up through Q1 2022

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Merger and acquisition activity has been bustling for more than a year, and the first quarter of 2022 has proved no different. Surging demand...
EV

CEO Carlos Tavares foresees EV materials shortage in coming years, disrupting...

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Stellantis CEO Carlos Tavares is warning the auto industry and regulators of serious hurdles they could face in the coming years as they race...
Toyota

Toyota trims June production by 100,000 units due to chip shortage

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On Tuesday, Toyota Motor Corporation announced that global production for June would experience further adjustments as the carmaker grapples with supply chain issues. Of a previously...
average age of vehicles

The average age of vehicles in operation rises to 12.2 years

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Vehicles on the road in the US are getting older, on average. The most recent report from S&P Global Mobility shows that the average age...
Automotive Ventures EVs startups connected car Buick CES

AI driven software companies and lithium extraction solutions grow with key...

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Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
key management

Revamp your automotive key management system with digital solutions

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Two decades ago, a simple lockbox in the dealership was all it took to secure keys for all your inventory. It was likely left...
Carvana

4 lessons car dealers can learn from Carvana’s missteps

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Carvana has been in the news for all the wrong reasons this year. A blockbuster agreement to purchase ADESA U.S. has been completed, but...

Average gas prices surge above $4 per gallon—how will car buyers...

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Long weekend travel is going to cost even more this year. Consumers will be doing a double-take at the pumps as they fill up...

Is the race to electrification happening too quickly?

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Virtually every mass-market carmaker has goals to make and sell more EVs than ICE vehicles by 2030. General Motors announced its intention to produce...
storm

Storm season is approaching, is your dealership prepared for it?

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The Atlantic hurricane season typically begins in June, and experts forecast 19 tropical storms, nine of which could spin into hurricane status. The season...