Tag: car dealers
Mullen Automotive completes purchase of Electric Last Mile assets
Mullen Automotive announced yesterday that it had acquired Electric Last Mile Solutions in a $240 million cash purchase, a deal that will allow the...
10 more fatal crashes linked to automated driving systems ā NHTSA
New data from the National Highway Traffic Safety Administration shows that 10 people were killed in crashes in the US involving vehicles using automated...
Average new vehicle transaction prices decreased slightly in September ā Cox...
New data from Cox Automotive shows average new vehicle transaction prices (ATPs) declined from August to September but remained well above sticker price.
According to...
Why car dealers must have a consistent service menu process
Many car dealerships ignore the use of menus in their F&I department, though they have been around for decades. In fact, according to one...
Key takeaways from the PureCars 2022 Digital Advertising Survey
Trying to nail down the right digital advertising strategy for auto dealers is like trying to find clarity in retail sales performance at dealerships....
4 key dealership operational reports to analyze and customize
Recent interest rate hikes coupled with tight supply continue to limit sales of both new and used vehicles. How can you prepare your dealership...
Foxconn unveils new EV crossover and pickup concepts
Taiwanese manufacturing giant Foxconn has unveiled a new electric pickup truck and a new electric crossover, both of which are expected to make it...
NADA board elects Geoffrey Pohanka as 2023 Chair, Gary Gilchrist tapped...
The 65-member board of directors for the National Automobile Dealers Association (NADA) has elected Geoffrey Pohanka as its 2023 Chairman and Gary Gilchrist as...
Cadillac rolls out $300,000 Celestiq luxury EV
Cadillac has unveiled a new hand-built electric car with a starting price tag of more thanĀ $300,000, marking the brand's first foray into the ultra-luxury...
Bloomberg economists forecast 100% chance of US recession in the next...
New Bloomberg Economics model projections made the likelihood of a US recession 100% within the next 12 months.
The latest recession probability models forecast a...