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Mazda

Mazda anticipates slowdown in US demand by early 2023

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Executives from Japan's Mazda Motor Corp. made statements about the state of the economy and rising interest rates in the United States on Thursday,...
new vehicle prices

Average new vehicle prices remained above $48,000 in October

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The latest data from Kelley Blue Book, a Cox Automotive company, shows consumers are paid more for both non-luxury and luxury new vehicles in...
Ford F-150 Lightning, franchise

Ford’s $1.2 million EV certification faces major opposition from dealer associations

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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

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For most dealerships, the aim for 100% service absorption is a lofty goal. Achieved, it pays the overhead expenses completely for the month, alleviating...
Tesla Twitter, Tesla stock

Elon Musk sells nearly $4 billion of Tesla stock after Twitter...

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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

Lucid reports Q3 loss of $530 million, confirms 2022 production goals

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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 EV

BMW vows to keep lower-priced vehicle segments during EV shift

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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...
dealerships

Several auto dealerships changed hands in Q2 and Q3

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Toyota, Kia, Stellantis, Ford, and General Motors dealerships have traded hands in multiple transactions across five states during the second and third quarters of...

Auto loan delinquencies rise as pandemic-era government assistance ends

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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

Nikola and ChargePoint partner to boost EV charging infrastructure for fleets

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Nikola Corp. announced on Tuesday that it will partner with ChargePoint Holdings, an EV charging company, to help speed up the deployment of the...