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RECENT POSTS

Penske Automotive Group, a prominent player in automotive retail, recently reported a significant 28% decline in net income for Q1.

Penske Automotive faces challenges in Q1 with 28% drop in net income

Jaelyn Campbell - 0
Penske Automotive Group, a prominent player in the automotive retail industry, recently reported a significant 28% decline in net income for the first quarter....
New vehicle demand remains on track to make 2024 the best sales year since the COVID-19 pandemic, despite a small speed bump in April.

New vehicle sales set to fall in April but maintain healthy pace

Colin Velez - 0
New vehicle sales are set to decline in April after a strong first quarter but will maintain a healthy pace thanks to better affordability,...
Mercedes-Benz announced that it would maintain the high prices of its luxury vehicles despite a decline in its first quarter profits.

Mercedes-Benz sticks to high prices amid quarterly profit decline

Jaelyn Campbell - 0
On April 30th, Mercedes-Benz announced that it would maintain the high prices of its luxury vehicles despite a decline in quarterly profits. The company...
Aftermarket service providers saws higher customer satisfaction scores in 2024, posing a challenge to dealer-operated service centers.

Aftermarket service shops see higher ratings in 2024

Colin Velez - 0
Customer satisfaction with aftermarket service providers improved this year, intensifying the rivalry between franchised dealers and third-party repair and maintenance shops. After tracking a rating...
Toyota is making additional investments into its Indiana factory as it looks to build three new electric SUVs in the U.S.

Toyota investing $1.4 billion to build 3 new electric SUVs

Colin Velez - 0
Toyota is spending an extra $1.4 billion on U.S. manufacturing as it looks to ramp up its electric vehicle lineup while qualifying for tax credits.  The new...

New vehicle sales drop, Ford posts Q1 earnings, Toyota breaks record

CBT News - 0
Power Lunch How e-titling is changing the future of dealership F&I E-titling is a revolutionary new system that gives dealers control over the registration process while improving...
AutoNation saw a slight improvement in quarterly revenue but struggled to maintain profitability due to price drops.

AutoNation posts Q1 earnings, profitability slides

Colin Velez - 0
AutoNation saw a slight improvement in quarterly revenue but struggled to maintain profitability due to price drops during the January-through-March period. The dealership group reported...
The NHTSA is investigating Tesla's Autopilot recall to determine whether the automaker's remedies left key safety issues unaddressed.

NHTSA to investigate Tesla Autopilot recall over persistent safety issues

Colin Velez - 0
The National Highway Traffic Safety Administration (NHTSA) is re-investigating Tesla's Autopilot driver-assistance system over concerns that a previous recall did not address key safety concerns. The agency...
The National Highway Traffic Safety Administration (NHTSA) has finalized a rule requiring automatic emergency braking (AEB) systems in all new passenger cars and light trucks by 2029. 

NHTSA finalizes life-saving automatic emergency braking rule

Colin Velez - 0
The National Highway Traffic Safety Administration (NHTSA) has finalized a rule requiring automatic emergency braking (AEB) systems in all new passenger cars and light...
In an email to senior managers, published by The Information on Tuesday, Musk outlined plans to lay off hundreds of staff members.

The Information reports: Musk lays off Tesla senior executives in new round of job...

Jaelyn Campbell - 0
Elon Musk, driven by the need to address declining sales and the rapid pace of job layoffs, has made the strategic decision to terminate...

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