Tag: dealership news
Tesla earnings disappoint, raise questions for Q4
Tesla struggled to build momentum in the third quarter, causing it to stumble on earnings and miss analyst forecasts.
From July through September, the electric...
How to identify the best data collection partner for your dealership
Data collection is a challenging task for car dealers despite being a crucial component in modern automotive retail. Companies must be careful in how...
General Motors delays electric pickups, postpones Investor Day
General Motors has postponed production of its Chevrolet Silverado and GMC Sierra electric pickups until 2025, one year later than originally expected.
The delay will...
AutoNation exits bidding war for UK’s Pendragon
AutoNation on Tuesday rescinded its offer to purchase U.K.-based automotive retailer Pendragon, roughly three weeks after joining a bidding war composed of America's largest...
Giving business owners a voice: why this M&A advisor is running...
As business owners, dealers have the ability to make an immense impact on their communities through their professional connections, wealth, and large customer base....
Affordable car prices, wage growth negate rate hikes in September
Car buyers enjoyed a more affordable new vehicle market in September in spite of rising interest rates and economic headwinds.
According to Cox Automotive's monthly...
Auto lobby group warns fuel-efficiency standards would raise car prices
The Alliance for Automotive Innovation, a lobby group representing major U.S. automakers, including the Detroit-Three, has submitted a new challenge to the National Highway...
Cars.com unites commerical brands under Cars Commerce platform
Cars.com today announced that its various commercial brands will come together under the new enterprise brand name, Cars Commerce. This change aims to enhance...
Has the United Auto Workers strike gone too far? — John...
The historical United Auto Workers strike continues to expand as more manufacturing employees are called on to join the picket line. With no sign...
Stellantis, Ford lay off 1,250 employees after United Auto Workers update
Stellantis and Ford launched a new wave of layoffs at facilities in Indiana, Ohio, Illinois and Michigan as the United Auto Workers union enters...