Tag: revenue
Lucid’s projected revenue falls short in 2023, prepares for increased EV...
Only days after reducing its reservation total from 34,000 to 28,000, EV brand Lucid revealed plummeting Q4 revenue. The manufacturer earned $257.7 million between...
10 Automotive retail trends that will shape the industry in 2023
As we move into 2023, the automotive retail industry faces significant changes and challenges. Here are 10 of the biggest trends that will shape...
Asbury Automotive Group adds eight more storefronts in Stevinson acquisition
The M&A activity continues at a feverish pace in the automotive sector, and Asbury Automotive Group is making yet another acquisition. They’ve completed the...
Maximize revenue in the collision center with lean production practices
Collision centers are typically viewed as a standalone business for car dealers that act as a supporting, customer service-oriented role. Their value is often...
J.D. Power’s Tyson Jominy shares his auto retail predictions for Q4
In the third quarter, as record sales and consumer spending declined, we talked to Tyson Jominy, Vice President of Data and Analytics at J.D....
Carvana shows growth but takes a financial loss on Q3 2021...
Growing sales and great profit margins weren’t enough to push Carvana into the black through the third quarter of 2021. In the shareholder letter...
Group 1 Buys Prime Automotive Dealerships in $880 Million-Dollar Deal
As of Monday, September 13, 2021, Group 1 Automotive Inc. has committed to purchase Prime Automotive Group. The $880 million deal includes Prime’s 30...
A new model coming for vehicle supply, AutoNation CEO Mike Jackson...
The COVID-19 pandemic could be a watershed for carmakers who have typically kept hundreds of thousands of new vehicles at any given time. AutoNation...
Why eCommerce is here to stay post-pandemic
In 2020 dealers across the country were forced to massively adapt the way they serve their customers. With the rise in safety measures, lockdowns,...
Carmakers exceed expectations for Q2 profit in the US
As anticipated, the first few days in August have second-quarter financial reports rolling in from carmakers. In large part, Q2 2021 has been one...
