Tag: dealership news
Penske Automotive reveals record revenue and sliding profits in Q1
Penske Automotive published its first-quarter performance numbers on Wednesday April 26, revealing some disquieting financial results on top of record-breaking revenue.
According to the dealership...
Affordability, EVs, and digital retailing: Q1 performance sheds new light on...
As the industry adapts to an unfamiliar automotive landscape, what new challenges will dealers need to face? On this episode of Inside Automotive, Brian...
NADA President Mike Stanton on building bridges between OEMs and dealers
The role dealers play in shaping the future of the car business is more essential than ever, but do manufacturers see it that way?...
VADA President Don Hall talks EVs and warranty service: ‘We can...
Don Hall, president and CEO of the Virginia Automobile Dealers Association, is one of the industry's most recognized thought leaders, often leading the charge...
Tesla shareholders publish open letter calling for directors to reign in...
On April 21, shareholders penned an open letter to Tesla's board of directors, criticizing CEO Elon Musk and urging company leaders to focus their...
GM recalls over 40,000 Chevrolet trucks over fire-causing brake fluid leak
General Motors is recalling over 40,000 Chevrolet trucks after discovering a potential fire hazard in certain models.
The recall affects 40,428 Silverado pickups built between...
How Honda dealers are preparing for the future of automotive retailing...
Honda's U.S. Segment is off to a strong start in 2023, with record-breaking EV sales and impressive year-over-year growth for the first quarter. But...
AutoNation posts declining profits in Q1, will take ‘more cautionary approach’
AutoNation published its quarterly earnings report on April 20, shedding new light on the difficulties facing the dealership group as looks to stay ahead...
Are dealers prepared to change for the customers of tomorrow? —...
Dealers are still enjoying tremendous profits despite the economic headwinds and inventory constraints. But with the changing technological landscape and the evolution of consumer...
The dealership M&A landscape is changing: Is now a good time...
With economic headwinds and the return of competitive pricing at the dealership, many storeowners want to know if now is a good time to...
