Tag: car dealers
Ford’s $1.2 million EV certification faces major opposition from dealer associations
Dealer associations claim that Ford Motor Company is breaching some franchise regulations and unfairly burdening its retail network with expensive restrictions for the sale...
Tips to improve the close on service transactions
For most dealerships, the aim for 100% service absorption is a lofty goal. Achieved, it pays the overhead expenses completely for the month, alleviating...
Elon Musk sells nearly $4 billion of Tesla stock after Twitter...
Tesla CEO Elon Musk has sold 19.5 million shares of his electric vehicle company for $3.9 billion (pre-tax) since taking over ownership of Twitter...
Lucid reports Q3 loss of $530 million, confirms 2022 production goals
Lucid Motors released its third-quarter financial results on Tuesday, reporting the company tripled the number of Air EVs produced compared with last quarter. The...
BMW vows to keep lower-priced vehicle segments during EV shift
BMW Chief Executive Oliver Zipse says the premium brand won’t abandon the lower-priced market segment as it navigates the transition to electric vehicles.
“We are...
Several auto dealerships changed hands in Q2 and Q3
Toyota, Kia, Stellantis, Ford, and General Motors dealerships have traded hands in multiple transactions across five states during the second and third quarters of...
Why multipoint inspections are critical for auto dealership service departments
Welcome to another episode of Service Drive with Don Reed, CEO of DealerPRO Training. Today, Reed continues discussing three of the most ignored, misunderstood,...
Auto loan delinquencies rise as pandemic-era government assistance ends
With inflation and higher prices still a factor across the country, a growing number of Americans are struggling to make their monthly auto loan...
Nikola and ChargePoint partner to boost EV charging infrastructure for fleets
Nikola Corp. announced on Tuesday that it will partner with ChargePoint Holdings, an EV charging company, to help speed up the deployment of the...
Vroom reports $51.1 million net loss in Q3, missing revenue estimates
Vroom Inc. released its third-quarter financial results on Monday, reporting a smaller net loss and record profits per used vehicle sold, though both revenue...
