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EV startup Fisker expands dealer network to improve finances. New dealer in Miami and Europe added after price cut for Ocean electric SUV.\

Fisker expands dealer network after Ocean electric SUV price cuts

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California-based electric vehicle (EV) startup Fisker is seeking to improve its financial situation by expanding its dealer network. The company has recently recruited a...
General Motors plans to abandon its home since 1996 but will keep its headquarters in Detroit.

General Motors to move headquarters next year after almost 3 decades

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General Motors will move its headquarters from its home of nearly 30 years to the new Hudson's Detroit building located on Woodford Avenue. The move...
Cars.com 2024 list of best-value new cars has been updated to include a wider range of vehicles, such as compact cars & various SUV sizes.

New-car inventory rises and best-value cars for 2024 revealed, Cars.com report

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According to the most recent Cars.com report, new-car inventory is on the rise—particularly in the under $30,000 segment—marking a significant recovery. Vehicles now average...
Used car sales surged ahead of other segments in March as buyers hunted for budget-friendly options in today's challenging market.

Used car sales skyrocket in March as consumers hunt for deals

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Used car demand rapidly outpaced other segments in March, resulting in the highest retail sales volume in two years. According to Cox Automotive, dealers sold...

Used car sales skyrocket, GM plans HQ move, Fisker adds dealerships

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Inside Automotive Simple strategies to attract and retain fixed-ops talent — Ryan Haskell | Jeff Wyler Automotive Family Dealership fixed-ops departments require educated and well-trained employees to...
In this article, we took a closer look at the recent evolution of e-titling and how this innovation is driving success in the dealership.

Streamlining Title Acquisition: The Rise of E-Titling

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In the fast-paced world of automotive sales, time equals money. Every minute spent on paperwork and administrative tasks is a minute taken away from...
New car prices declined slightly in March due to recoveries in inventory and incentive levels, but failed to boost monthly sales.

Average new car prices dip in March, but affordability remains distant

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New car prices dipped again in March amidst a resurgence in inventory and manufacturer incentives. Kelley Blue Book data indicates the average new car transaction...
Dealers have received reimbursement from point-of-sale customer EV tax credit payments in advance, according to a Treasury report.

Treasury reports U.S. auto dealers get $580M in advance EV tax...

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Since January 1, auto dealers have received reimbursement from the U.S. government for nearly $580 million in advance point-of-sale customer electric vehicle (EV) tax...
A government report revealed that consumer inflation remained high last month due to increased interest rates and hiked insurance premiums

Inflation may affect interest rate cuts due to high auto insurance...

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A government report released on April 10 revealed that consumer inflation remained high last month due to increased expenses such as gas prices, rent,...
An internal memo indicates that Tesla is planning to cut 10% of its global workforce following a slowdown in electric vehicle sales.

Tesla to lay off thousands of employees worldwide after Q1 sales...

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Tesla plans to lay off more than 10% of its employees worldwide, according to an internal memo leaked earlier today. In the document, Tesla CEO...