Tag: dealership news
Hyundai, Kia settle U.S. charges for unlawful repossessing service members’ vehicles
The American financing division of Hyundai and Kia has agreed to pay $334,941 to resolve allegations that it unlawfully repossessed vehicles that belonged to...
DOJ further investigates Tesla for possible securities, wire fraud
According to an exclusive Reuters report, U.S. prosecutors are investigating whether Tesla committed securities or wire fraud by deceiving investors and customers about its...
GM halts Chevrolet Malibu production for electric future, invests $390M in...
On May 8, General Motors announced that it would stop making the gasoline-powered Chevrolet Malibu later this year to focus on building new electric...
Understanding the fundamental principles behind business success
To make their business successful, entrepreneurs must always be willing to learn new approaches and perspectives that can enable them to drive efficiency and productivity....
How real-time data is empowering dealers to manage inventory more efficiently
In today’s market, stocking your dealership’s lot with the right inventory is crucial and has a direct impact on overall dealership profits and success...
Wholesale used vehicle prices dip in April as retail sales cool
Wholesale used vehicle prices in April continued declines observed throughout the first quarter, with retail sales taking a hit as tax season drew to...
Toyota lukewarm on earnings guidance despite record-breaking profits
Toyota reported record-breaking profits for the fiscal year ending March after a massive surge in hybrid demand but set cautious earnings expectations for the coming months,...
How NAMAD gives minority dealers and car buyers a voice
The National Association of Minority Automobile Dealers (NAMAD) plays a critical role in giving underrepresented dealers a voice and driving diversity, equity, and inclusion across the...
UAW members authorize strike at Stellantis plant over safety concerns
United Auto Workers (UAW) members have voted to authorize a strike at Stellantis' Michigan stamping plant if talks between company leadership and union officials...
Lucid losses narrow in first quarter despite price cuts
Lucid's first-quarter earnings revealed positive shifts for the fledgling brand, with most financial metrics improving despite a global cooldown in battery-powered car demand.
The electric...
