Tag: market trends
Hyundai starts the year off strong with record breaking January sales
Yesterday, Hyundai released its January sales report, offering good news for investors and dealers alike.
The company started 2023 off strong by selling 52,001 units...
What must auto dealerships focus on this coming year? — Tyson...
After a challenging and disappointing year, dealerships are anxious to know what's in store for retail auto in 2023. Consumer research firm J.D. Power...
Tesla expects bigger spending bill in 2024, hopes to increase production
Tesla expects to increase its expenditure next year, allocating more funds for its efforts to improve the production capabilities of its factories.
For 2023, the...
GM posts strong Q4 numbers, beats expectations despite difficult market
General Motors revealed a strong fourth quarter performance after one of the most difficult years in the industry's recent history.
Strong Q4 numbers were a...
BMW predicts 300% EV growth for the U.S. thanks to better...
BMW USA now expects this year's EV sales to reach three times the amount it delivered in 2022, citing better model availability.
The German automaker's...
Has your sales team fallen out of practice? Bring them up...
As supply chains and vehicle production slowly recuperate from the last three years of economic headwinds, dealers grow increasingly worried that their sales team...
Customers are less interested in vehicle leasing more than ever thanks...
Vehicle leasing is steadily losing its utility for both customers and dealers, according to data from TransUnion.
During the onset of 2020, vehicle leasing comprised...
Group 1 Automotive breaks records in Q4 of 2022
In contrast to other automotive retail statistics, Group 1 Automotive published strong performance numbers in the fourth quarter of 2022, after wrapping up one...
2023 buy/sell trends to watch: Will things go back to normal...
Car dealers are anxious to hear more about 2023 market trends. Bob Morris is the director of the Southeast Region for the Tim Lamb...
How to set expectations for your dealership in 2023 and beyond...
Many dealerships are struggling to set expectations in the face of an unpredictable year. It is important for businesses to learn from experts who...