There’s no better time than the start of a new year to focus on your sales process and strategy. But you may ask yourself, where do I begin? David Lewis, President and CEO of David Lewis and Associates, joins us on the latest episode of Inside Automotive. Lewis explains what today’s dealers need to know about the sales process, especially when the trial closes. Watch full segment here.
Tesla removed language concerning minority workers in its latest regulatory filing with the Securities and Exchange Commission (SEC), following comments from company CEO Elon Musk on Diversity, Equity, and Inclusion (DEI) initiatives. DEI refers to the general efforts of human resource departments and other hiring entities to improve inclusivity in the corporate world, typically accomplished by maintaining diverse workforces. Read More
Dealership conglomerate Group 1 Automotive reported record-breaking earnings for 2023 but expects to downsize its U.K. workforce in an effort to improve cost efficiency. The dealership group generated $17.9 billion in annual revenue, an increase of 10.2%, from sales of 363,222 new and used vehicles alongside substantial contributions from its financing and fixed-ops businesses. Read More