Tag: dealership news
Alleviating frustrations in F&I departments for enhanced customer satisfaction and profitability
Introduction
The Finance and Insurance (F&I) department, a critical component of any automotive dealership, plays a pivotal role in driving profitability. We all know the...
Tesla shareholders approve Elon Musk’s $56 billion pay package
In a significant show of support for CEO Elon Musk's leadership, Tesla shareholders have approved his $56 billion pay package, marking a big incentive...
All-Electric Jeep Renegade confirmed to start under $25,000
Jeep has officially confirmed the launch of an all-electric Renegade, starting at under $25,000, as part of its strategy to expand into new markets....
May new-vehicle sales surge, reducing days’ supply amid inventory fluctuations
The end of May saw a significant surge in new vehicle sales, a trend largely attributed to the Memorial Day holiday, a pivotal sales...
Weekly roundup: Feds holds interest rates, Biden finalizes milder fuel rules,...
Earlier this week: The Federal Reserve held interest rates unchanged. The Biden Administration finalized milder fuel economy rules. The majority of U.S. drivers support...
Ford hires top talent from Tesla, Rivian, and more to develop...
In its bid to introduce more affordable electric vehicles, Ford has aggressively recruited top engineers from leading EV companies like Tesla, Rivian, Apple, and...
Ionna establishes headquarters in Durham, NC, to revolutionize EV charging infrastructure
Late last year, seven major automakers—BMW, Honda, General Motors, Hyundai, Kia, Mercedes-Benz, and Stellantis—announced a joint venture to build accessible public DC fast charging...
Fisker recalls thousands of Ocean SUVs in U.S. and Europe due...
Electric vehicle startup Fisker announced on Wednesday that thousands of Ocean SUVs in North America and Europe are being recalled due to software issues,...
Federal Reserve holds interest rates steady, impacting auto loans and dealer...
Dealers and consumers will have to wait for relief from higher interest rates as Federal Reserve leaders opted to leave the Fed benchmark rate...
Raise your hand for sales success: Matt Easton shares key tips...
In today's ultra-competitive business environment, where we fight to have the best marketing, the coolest social media, and the lowest prices, it's easy to...
