Tag: chip shortage
Demand is high but low inventory will temper results, according to...
As June brings the first half of a historic 2021 to a close, the forecast for the month’s end remains largely positive. JD Power...
How Serra Automotive is positioning itself for an even more profitable...
Serra Automotive ranks among the top 10 privately-held retail automotive groups in the nation. With 51 car dealerships, representing 63 auto franchises, our guest...
Should car dealers continue to pay top dollar for trade-ins or...
On the latest edition of Straight to the Point, host Frank J. Lopes is joined by Paul Machin, Head of Strategic Accounts at Black Book....
Automotive retail consultant Laurie Foster on digital retailing, recruiting, and more
On today’s show, we’re pleased to welcome Laurie Foster, Founder and CEO of Foster Strategies Group, an automotive retail consulting service for dealers, vendors...
Average vehicle age blows past 12 years due to pandemic
In the past year, the average age of vehicles in operation in the United States has crossed the 12-year threshold. According to IHS Markit...
Which major automakers performed the best in May 2021?
With automotive factories crippled by the chip shortage and closed showrooms, it would make sense to see passenger car and SUV sales dive, but...
The importance of monitoring your ad spend and finding the right...
Like every other department in the car dealership, dealers are having to re-tool their marketing practices to compete in a post-COVID market. Today, we...
AutoNation’s profit triples amid chip shortage
AutoNation, Inc., one of the largest automotive retailers in the US, reported earlier this week that its quarterly adjusted profit nearly tripled from this...
President Biden meeting with execs sparks semiconductor chip recovery, but long...
On Monday, President Joe Biden met with executives virtually in the auto, tech, consumer electronics, and biotech industries to discuss the semiconductor chip shortage...
Toyota makes a robust update to profit forecast
The world’s best-selling automakers has now updated their full-year profit expectations after realizing a net profit increase of 50% in the third quarter of...
