Tag: auto dealer news
Massive EV demand stifled by prices, driving range concerns
New research from professional services provider KPMG has shed more light on the relationship between electric vehicle hesitancy and the market's limited ability to...
Ford announces several new deals with lithium suppliers
Ford has revealed multiple agreements with lithium suppliers which it says will allow for a massive increase in electric vehicle production.
Five partners were named...
Dallas dealer partners with high school to boost attendance with car...
In Dallas, Texas, a used car dealership gave away a 2016 Jeep Patriot to a high school sophomore with perfect attendance.
Faith Family Academy, a...
Data activation in the dealership: Using third-party platforms to boost marketing
Dealers know the importance of collecting and analyzing customer information, but many struggle to understand the complex factors influencing successful data activation. On this...
Luxury SUV market sees highest consideration on record throughout Q1
More buyers than ever considered purchasing a luxury SUV, according to a quarterly analysis from Cox Automotive.
Over the course of Q1, 73% of high-end shoppers...
Affordability improves in April, but new car prices remain high
Data from Cox Automotive suggests that vehicle affordability improved slightly in April, although pricing pressures remain high.
The Vehicle Affordability Index found that the median...
S&P Global reports average car age of 12.5 years, setting new...
According to a new S&P Global study, U.S. drivers are holding onto their used vehicles longer than ever before.
The firm's research found that light...
Dealer sentiments improve for Q2, even as costs, prices worsen
Dealer sentiments improved substantially over the previous quarter, driven by unexpectedly high sales and revenue.
Cox Automotive tracks retailer outlooks through its Dealer Sentiment Index,...
Group 1 brings three new dealerships on board, expands Texas presence
Group 1 Automotive revealed the acquisition of three dealerships in Texas on May 8, 2023, as it continues to ramp up its growth efforts.
In...
Federal Reserve raises interest rates, says economy is ‘closer’ to end...
Although May 3 saw interest rates rise for the tenth time since March 2022, the Federal Reserve has seemingly adopted a new stance on...
