Top stories
U.S. Commerce Department to propose rules on connected vehicles & limits Chinese software.
BMW recalls 1,145 vehicles due to potentially explosive airbag issues. Read More
Penske Automotive acquires world’s largest Ford dealership, Bill Brown Ford. Read More
Car prices drop as interest rates may follow: Tips for buying new and used vehicles. Read More
Featured Interview
How rising insurance rates are impacting vehicle ownership – Tim Jackson
The cost of vehicle ownership is on the rise, and one key factor is insurance rates. On today’s episode of Inside Automotive, Tim Jackson, the Former President and CEO of the Colorado Automobile Dealers Association, will once again join us to share his thoughts and discuss the industry’s impact. Watch the full segment here.
Navigating affordability and consumer resilience: Insights from Urban Science’s 2024 Harris Poll Study – Eric DeMont
In the ever-evolving automotive landscape, understanding car buyers’ intricate behaviors and sentiments is paramount for dealers striving to stay ahead. Joining us on today’s episode of Driving Solutions with insights derived from Urban Science’s 2024 Harris Poll study and analysis is Eric DeMont, Global Practice Director at Urban Science. With insights from over 250 dealers and 3,000 automotive shoppers, this interview uncovers the critical trends and actionable strategies that can drive success in the automotive industry. Watch the full segment here.
For Dealers
How dealers can maximize net profits amid inventory surpluses and declining sales
Halfway through 2024 we are being challenged with another uncommon year in the car business, where inventory levels are up along with interest rates and expenses, while customer interest in vehicle purchases and net profits are down from expected forecasts. Read More
