Inside Automotive
Survey finds payment quotes often inaccurate, dealers struggle to meet consumer demands – Pete MacInnis
In the latest episode of Inside Automotive, Pete MacInnis, CEO of eLEND Solutions, joins us to discuss the most recent study conducted by eLEND regarding consumers wanting more car loan information online. Watch the full segment here.
Top stories
Stellantis Ventures has invested in the France-based Tiamat Energy, a technology firm developing sodium-ion electric vehicle batteries. The carmaker claims sodium-ion materials are more abundantly available than lithium-ion batteries, which are generally featured in EVs, so it has a lower cost per kilowatt-hour. Read More
Tesla saw its market valuation shed $94 billion over the first two weeks of 2024, marking one of the sharpest share price drops in the electric vehicle company’s history. The number represents 12% of the company’s valuation at the start of the month and is only surpassed by a 14% decline seen in January 2016. Read More
According to a January 15 report from Nikkei Asia, the world’s largest financial publication, the Japanese automaker Toyota intends to produce over 10.3 million vehicles globally in 2024. This would mark the second consecutive year the company achieved a record annual production total. The report further reveals that Toyota is preparing to increase production in part due to strong hybrid sales. Read More
The Volkswagen Group maintained an impressive recovery pace throughout 2023, ending the year up 11.8% from 2022 in terms of sales across the company’s brand portfolio. The German automaker sold an annual total of 9.24 million units globally, buoyed by a strikingly solid fourth quarter. Read More
For Dealers
How dealers can build lasting relationships in their communities
In the highly competitive auto retail industry, engaging with communities is not just a trendy phrase; it’s an essential factor for success. Building authentic relationships within your local community can give you a significant edge over competitors and lay the foundation for long-term business growth. Let’s delve into why fostering strong community connections is so vital and discover effective strategies to strengthen them. Read More
How to break down communication silos between departments in the dealership
In a dealership, effective communication between departments is crucial for success. However, communication silos can impede collaboration and hinder productivity. By breaking down these barriers, dealerships can foster innovation, improve decision-making, and boost overall performance. In this article, we’ll explore strategies for breaking down communication silos between departments in a dealership. Read More
