Tag: car dealers
Public auto groups report strong third-quarter results
Four of the six public dealer groups released record-breaking third-quarter financial results on Wednesday, including Group 1 Automotive, AutoNation, Asbury Automotive Group, and Sonic...
EU approves ban on new combustion engine vehicles by 2035
This week, the European Union made strides towards its plans to phase out the sale of new diesel and gasoline cars and vans after...
NADA outlines new auto retailing principles for dealers and OEMs
In light of today's changing landscape for auto retailing, from the emergence of direct-to-consumer selling models to evolving car technologies, NADA has released a...
Oct. new car sales likely to increase and finish with 1.11...
Cox Automotive released its October forecast this week, showing that new car sales volume in the US is likely to increase compared to last...
Penske Automotive reports record Q3 revenue of $6.9 billion
Penske Automotive Group announced its third-quarter earnings on Wednesday, showing positive growth across almost all measurements.
The automotive and commercial truck retailer reported that revenue...
Study shows many car buyers have returned to pre-pandemic shopping habits
CarGurus announced the release of its 2022 Consumer Insights Report on Wednesday, and this year's report includes not only buyer insights but seller insights...
Tesla shares first glimpse inside California megafactory
To ramp up hiring and recruiting, Tesla CEO Elon Musk shared the first peek at its new Megafactory in Lathrop, California.
Musk shared the video...
Should your auto dealership run its own rental/loaner car program?
Although dealership groups are bringing in more money these days, inflation is now over 8%, and a recession is causing many dealers to investigate increasing...
General Motors Q3 earnings beat estimates, posts record revenue of $41.9...
General Motors announced its third-quarter earnings on Tuesday, with results beating analysts' expectations and easing concerns about a possible recession.
The automaker reported diluted earnings...
2023 Ford Escape gets new design and upgraded tech, starts at...
Ford Motor Company announced it is updating its popular Escape model in an effort to differentiate it from the Bronco Sport. The company is...
