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Ford saw third-quarter earnings rise over the previous year but withdrew its full-year guidance amidst labor and electric vehicle concerns.

Ford earnings underwhelm analysts, automaker postpones EV investments

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Ford on Thursday retracted its full-year earnings guidance after posting an underwhelming third-quarter report. The announcement came on the same day company executives reached...
The PSD Automotive Group acquired the Global Auto Mall of North Plainfield, New Jersey, as the final step in its legacy succession plan.

PSD Automotive Group acquires Global Auto Mall

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On October 27, PSD Automotive Group acquired the Global Auto Mall of North Plainfield, New Jersey.  Global Auto Mall, which includes Global Jeep, Global Kia,...
Dealership groups continued to build on their early-year successes in the third quarter but struggled to sustain profits from 2022.

Dealer groups show resilience in Q3 despite profitability pressures

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Dealership groups across the U.S. broke multiple performance records in the third quarter, highlighting retail automotive's unanticipated resilience in the post-pandemic era. Lithia & Driveway...
Eric DeMont joins CBT News to discuss the issue of lead defection and a new solution that could help dealers save money and time.

Resolving lead defection through artificial intelligence — Eric DeMont | Urban...

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Lead defection is a frustrating problem for dealers, resulting in wasted money, time and effort. However, while retailers have historically had few remedies at...
Matt Easton elaborates on what dealers are doing to climb the ladder of sales success on today's episode of Inside Automotive.

Revving up dealership sales: 3 essential components you can’t afford to...

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Success in sales boils down to three main factors. On the latest episode of Inside Automotive, Matt Easton, sales coach, consultant, and founder of...
candidates

What should you look for when interviewing candidates for the dealership?

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Finding the perfect fit for your dealership isn't just about sifting through resumes or looking at years of experience in the automotive industry. It's...

Ford/UAW reach tentative agreement, Stellantis invests in Leapmotor, Lexus reveals next-gen...

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Inside Automotive  Revving up dealership sales: 3 essential components you can't afford to ignore – Matt Easton Being Successful in Sales comes down to three Things....
New vehicle sales are expected to rise in October, despite ongoing manufacturing disruptions and economic instability.

October new vehicle sales to rise against UAW, economic headwinds

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Cox Automotive predicts that new vehicle sales will rise in October despite ongoing economic and manufacturing headwinds. According to the firm's forecast, new vehicle sales...
Stellantis will purchase a 20% stake in Chinese electric vehicle maker Leapmotor, with plans to help the brand secure overseas market share.

Stellantis to invest $1.58 billion in China’s Leapmotor, plans joint venture

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Stellantis has announced a $1.58 billion investment into Chinese electric vehicle maker Leapmotor. The investment will give the manufacturing conglomerate a 20% stake in the...
Although Lexus has already launched its first EV, the RZ, the Japanese brand, unveiled its promising LF-ZC concept at the Japan auto show. 

Lexus reveals next-gen LF-ZC concept, a luxury EV promising greater range

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Although Lexus has already launched its first EV, the RZ, the Japanese brand, unveiled its promising LF-ZC concept at the Japan Auto Show.  The company's...