Tag: car dealerships news
How to avoid odometer fraud when acquiring used inventory — Kirsten...
Inventory is higher than it has been for dealers, but not by much, and dealers still need to fill their lots. On today’s CBT...
PA Subaru dealer surprises cancer patients with $5,000 in donations
As part of the nationwide Subaru Loves to Care initiative supporting children and their families affected by blood cancer, Pennsylvania Rafferty Subaru recently partnered...
Hagerty CEO says ‘Barbie’ is fueling a significant uptick in vintage...
According to an Auto Trader report, the number of people interested in buying a “Chevy Convertible Corvette” has increased by 120% since the release...
General Motors follows Ford, adopts Tesla EV charging standards
General Motors CEO Mary Barra declared that the automaker's future EVs would use Tesla's North American Charging Standards. GM plans to include the NACS connector...
Congress aims to preserve AM radio despite opposition
On June 6, the automotive industry found itself in a battle with Congress over AM radio. During a House Energy and Commerce Subcommittee hearing,...
Ed Morse Automotive Group buys two Illinois dealerships
On May 11, 2023, the Ed Morse Automotive Group announced that it acquired two dealerships in Henry County, Illinois—one in Kewanee and the other...
GM and Samsung partnership announces new $3 billion U.S. battery cell...
General Motors and Samsung SDI have announced they are partnering to build a new $3 billion battery cell factory in the U.S. to power...
Hyundai expands its U.S. operations with $5 billion EV battery plant
To boost Hyundai’s electrification efforts, the Korean automaker announced on April 25 that it finalized plans for a $5 billion EV battery plant in...
Dealership service revenue set a new March record — Xtime report
The latest Cox Automotive analysis of Xtime metrics reveals that service activity rose steadily month over month in March. U.S. franchised dealers saw repair order index volume lower than last...
Stellantis appoints Natalie Knight as its new chief financial officer
At the end of June, Richard Palmer, who served as Stellantis' chief financial officer when the company was known as Fiat Chrysler Automobiles, will...
