Tag: dealership news
Ken Garff scoops up 7 Hawaiian dealerships, Lithia Motors purchases Ford,...
M&A activity continued to flourish in July, with Lithia Motors and other auto groups making notable purchases throughout the U.S., which include the following...
Tesla CFO steps down amidst falling margins and electric vehicle price...
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has formally resigned from his position, ending a 13-year tenure at the...
Used vehicle sales rise in July as prices and inventory decline
Used vehicle sales increased in July as customers prioritized affordable car prices and inventory normalized from 2022's tumultuous market conditions.
According to Cox Automotive data,...
UAW to demand 46% pay increase, Big Three car manufacturers respond
The United Auto Workers (UAW) union is set to demand the largest pay increase on record as it continues contract negotiations with car manufacturers...
Fisker scores positive margin on electric vehicles but lowers production goal
Fisker has reduced its annual production guidance for 2023 following a complicated second quarter for the electric vehicle brand.
The car manufacturer earned only $825,000...
Weekly roundup: UAW shares member demands, Tesla faces class action lawsuit,...
Earlier this week: United Auto Workers president Shawn Fain revealed the list of UAW member demands to the Detroit Three. Three California Tesla owners...
Hyundai breaks monthly electric vehicle sales record with IONIQ 5
Hyundai broke its monthly sales record for the IONIQ 5 over the course of July, solidifying the automaker's small but steadily growing presence in...
New Subaru ad promotes Black and Deaf inclusivity, targets nature-lovers
Subaru has released a new advertisement celebrating nature and promoting its partnership with the National Park Foundation.
The emotional, minute-long video, titled "A Beautiful Silence,"...
Declining customer satisfaction and what dealers should do — Kristin Kolodge...
Overall satisfaction with new vehicles is declining, according to the recently released U.S. Automotive Performance, Execution and Layout (APEAL) study released by J. D....
Toyota announces new Land Cruiser with hybrid powertrain and lower price
Toyota has unveiled a new and improved Land Cruiser hybrid SUV, slated to arrive in the U.S. next spring with a mid-$50,000 price range.
The...
