Lincoln looks to buyout 100 dealerships in 2024
Luxury car manufacturer Lincoln plans to close up to 100 dealerships in 2024 in a continuation of its efforts to extract itself from unsuccessful markets.
The Ford-owned brand said it closed...
TSLA406.55012.49%
GM76.6500.41%
F13.6100.11%
RIVN18.1201.46%
CYD47.070-0.01%
HMC27.590-0.14%
TM174.320-2.83%
CVNA67.1200.76%
PAG191.4908.97%
LAD311.9809.07%
AN192.3104.66%
GPI302.9608.31999%
ABG211.7306.98%
SAH95.3107.3%
TSLA406.55012.49%
GM76.6500.41%
F13.6100.11%
RIVN18.1201.46%
CYD47.070-0.01%
HMC27.590-0.14%
TM174.320-2.83%
CVNA67.1200.76%
PAG191.4908.97%
LAD311.9809.07%
AN192.3104.66%
GPI302.9608.31999%
ABG211.7306.98%
SAH95.3107.3%
TSLA406.55012.49%
GM76.6500.41%
F13.6100.11%
RIVN18.1201.46%
CYD47.070-0.01%
HMC27.590-0.14%
TM174.320-2.83%
CVNA67.1200.76%
PAG191.4908.97%
LAD311.9809.07%
AN192.3104.66%
GPI302.9608.31999%
ABG211.7306.98%
SAH95.3107.3%
automotive industry insights
Tesla recalls 2023 Model X, S, Y over rearview camera software error
Tesla is set to recall roughly 200,000 vehicles in the U.S. to patch out a software error that could limit driver visibility.
According to the National Highway Traffic Safety Administration (NHTSA),...
Toyota labor union to make record bonus demands
During the ongoing 2024 wage discussions, Toyota's labor union demanded their largest yearly bonus on record, amounting to 7.6 months of pay, which is more than the previous high of...
Simplifying the management process for car dealers — Greg Uland | Reynolds and Reynolds
Car dealers are faced with a multitude of unenviable challenges in 2024, ranging from uncertainty over profit margins to decreasing loyalty among consumers. More than ever, they need simple solutions...
What dealers must know about the CARS rule — Rusty West | Market Scan
The Federal Trade Commission's (FTC) Combatting Auto Retail Scams policy, better known as the CARS rule, aims to make the car buying process more transparent. However, many dealers say the...
Tesla Q4 earnings plunge 40% despite revenue, sales gains
Electric vehicle brand Tesla reported a steep decline in fourth-quarter profits against a 3.5% increase in revenue over the same period, missing analyst forecasts and raising questions for the new...
Sonic Automotive closes all Northwest Motorsport locations
In compliance with a Worker Adjustment and Retraining Notification (WARN) notice submitted to the state Employment Security Department, Sonic Automotive has closed all of its Northwest Motorsport store locations and...
Ford dials back Q4 earnings expectations, Hyundai profits jump 31%
Automakers Ford and Hyundai shared financial updates from the fourth quarter, offering new insights into their 2023 performance.
Ford announced that a pre-tax remeasurement loss, stemming from employee retirement expenses and...
UAW endorses Biden, boosting his campaign for reelection
On January 24, the United Auto Workers union backed President Joe Biden, a long-awaited move that significantly boosted the president.
The endorsement comes as the Biden campaign entirely shifts its focus...
Forecasting the 2024 dealership M&A market — Farid Ahmad | DSMA
The dealership M&A (mergers and acquisitions) market has demonstrated incredible resilience in the post-pandemic economy, remaining undaunted by rising interest rates and fluctuating demand. On the other hand, the buy-sell...
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