TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%


automotive industry insights

According to Automotive News, Dream Motor Group has expanded into South Florida by acquiring two Mercedez-Benz dealerships

Nick Saban’s Dream Motor makes $700 million move to Florida

- November 9, 2023
Dream Motor Group has expanded into South Florida by acquiring two Mercedes-Benz dealerships in a deal worth roughly $700 million.  Dream Motor Group is owned by University of Alabama football coach...
Auto dealers gather in Florida to celebrate 15 legendary retailers as they were indicated into the FADA Hall of Fame.

Dealers gather to celebrate the inaugural FADA Hall of Fame inductees

- November 9, 2023
In an inaugural event, the Florida Automobile Dealers Association (FADA) on November 2 inducted 15 legendary automotive retailers into its Hall of Fame, recognizing each individual for their commitment to...
Consumer behavior trends seemed to contradict automaker expectations in CarGuru's October intelligence report.

CarGurus report highlights disconnect in consumer behavior, OEM forecasts

- November 8, 2023
Consumer behavior trends seemed to contradict narratives set by automotive industry leaders throughout October, according to a new intelligence report by CarGurus. October presented challenges and even setbacks for many automakers,...
Rivian reported its Q3 results beating expectations and offered an improved outlook, including an increase in its annual production target

Rivian trims losses in Q3 and boosts production targets

- November 8, 2023
EV manufacturer, Rivian reported its third-quarter results beat Wall Street expectations and offered an improved outlook, which includes an increase in its annual production target by  2,000 vehicles to 54,000...
On November 9, President Joe Biden will meet with the head of the United Auto Workers union, Shawn Fain, in Belvidere, Illinois.

Biden to meet UAW President as strike nears end: What this means for the industry

- November 8, 2023
On November 9, President Joe Biden will meet with the head of the United Auto Workers union, Shawn Fain, in Belvidere, Illinois, where the two are scheduled to discuss plans...
Farid Ahmad joins Driving Solutions to discuss how today's buy-sell market has changed and its impact on multi-generational dealerships.

Why second-generation dealers are less common in today’s buy-sell market — Farid Ahmad | DSMA

- November 8, 2023
The dealership buy-sell market has changed substantially in 2023 under the weight of economic headwinds, new technologies, and uncertainty toward the future. Knowing the landscape of today's M&A sector is...
CEO Mary Barra said, "Safety remains the top priority as Cruise demonstrates what autonomous vehicles can provide to society."

General Motors faces scrutiny over Cruise autonomous van

- November 7, 2023
Following a month-long incident wherein the California Department of Motor Vehicles (DMV) withdrew autonomous vehicle firm Cruise's robotaxi permits and suspended all operations, company CEO Kyle Vogt called an all-hands...
Fleet sales declined year-over-year in October for the first time in 2023 but came in above September's total.

Fleet sales take first hit in 2023 during UAW strike

- November 7, 2023
In a first for 2023, fleet sales dipped in October due to production halts caused by the United Auto Workers strike, according to Cox Automotive. Fleet sales declined 10.4% from October...
On the latest episode of Auto Marketing Now, Brian Pasch tackles the primary issues dealers face selling electric vehicles to anxious clients 

Creating a concierge experience for car buyers: tips for dealers

- November 7, 2023
For dealerships, selling a customer's car is only the start of a potentially long-lasting relationship — but only if the consumer tries to gain trust. Dealers can harness the abundance...
Dealership valuations remain optimistic but a growing number of retailers are starting to feel less confident toward the coming months.

Dealership valuations remain strong but forecasts starting to weaken

- November 6, 2023
Most auto retailers have remained confident in their dealership valuations throughout the 2023 buy-sell market, but a growing number are starting to feel less certain due to demand and profit-margin...


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