Inside Automotive
How Texas dealers are driving electric vehicle demand — John Luciano | Street Volkswagen
Electric vehicles have become a contentious topic in the automotive community as automakers, dealers and consumers share differing perspectives on the short and long term future of transportation. In an unexpected development, Texas has quickly become a hub not only for thousands of EV drivers but also for manufacturers such as Tesla, which operates a massive factory near the state’s capital. Although most buyers in the region are in no hurry to abandon their gas-powered cars, understanding why some Texans are making the switch to electric may help dealers learn how to drive demand in their own states. Watch full segment here.
Top Stories
Hyundai continued to see strong demand in the U.S. throughout August as electric vehicle purchases broke all-time sales records. According to the automaker’s report, last month’s U.S. sales reached 65,046 units, an increase of 1% compared to August 2022. However, the number is slightly behind July’s sales numbers, which amounted to 66,527 units. This marks the fifth consecutive month that Hyundai has seen lower month-over-month sales after hitting a peak of 75,404 units in March. Read More
The Biden Administration will supply $12 billion in grants to retool car factories for electric vehicle production, according to an announcement by Energy Department officials on Thursday. The department has yet to announce where the funds will be directed, although a spokesperson did not that facilities offering higher quality labor conditions would take priority over others. According to Energy Secretary Jennifer Granholm, the initiative is aimed at protecting local communities that depend on ICE car factories for jobs. Read More
A Rhode Island Honda dealership has donated a wheelchair-accessible van to a local college student with spinal muscular atrophy. Grieco Honda supplied the vehicle to Ciarra Muller, who recently started her major in journalism at the Community of College of Rhode Island. Muller and her family originally contacted the company to refit their family van for a wheelchair. Read More
For Dealers
7 tips for enhancing your dealership’s online vehicle merchandising strategy
In today’s fast-paced digital age, having a robust strategy for showcasing your dealership’s vehicles online is not just a passing trend – it’s absolutely vital. With 80% of car shoppers considering making their vehicle purchase online, how you present your inventory on the internet can significantly influence your sales and competitiveness. In this article, we will delve into the effectiveness of online merchandising and provide practical tips to help you achieve success in this crucial area. Read More
The mentorship mindset: how effective leaders nurture the growth of their teams
For dealership managers and executives, getting top talent in place is only half the battle for driving sales and boosting profits. Sharp leaders realize that success comes from developing people to their fullest potential. It’s an approach requiring a mentorship mindset. Exceptional leaders recognize that their roles extend far beyond overseeing daily operations and concentrating on KPIs and other metrics. Read More
