automotive industry insights

Serra Automotive employs 3,000 employees across seven states and manages a network of 54 dealerships, 66 auto franchises, and 25 brands.

Serra Automotive’s Joe and Matt Serra on fostering a great culture and future plans for the 50-year-old dealer group

- September 14, 2023
Recently, Jim Fitzpatrick had the opportunity to visit the Serra Automotive headquarters in Fenton, Michigan. On this episode of the Executive Profile, he is joined by the President and CEO...
hybrid F-150 pickup truck.

Ford doubles down on the production of its hybrid F-150 pickup truck

- September 13, 2023
As a precaution against American truck buyers' reluctance to switch to all-electric pickups, Ford aims to double the production of its hybrid F-150 pickup trucks in 2024. The automaker stated it's...
ChargeScape

Top auto brands collaborate to boost EV grid services via ChargeScape

- September 13, 2023
In an announcement, BMW, Ford, and Honda said they had agreed to create ChargeScape. This new, equally-owned business will develop a solitary platform that connects electric utilities, automakers, and interested...
On today's episode of Inside Automotive, Brian Moody, Executive Editor at Autotrader, joins us to share insights on the latest data from Cox Automotive.

How new vehicles are trending in today’s market – Brian Moody | AutoTrader

- September 13, 2023
The average transaction price of a new vehicle has increased since last year, but not by much. Could this be the incentive and relief consumers are looking for? On today's...
The United Auto Workers (UAW) union and Detroit-Three automakers have made slight progress toward negotiating a contract.

United Auto Workers bends on pay demands days before contract deadline

- September 12, 2023
The United Auto Workers (UAW) union and Detroit-Three automakers have made slight progress toward negotiating a contract before current agreements expire in just two days on September 14. United Auto Workers...

BMW abandons its plan to bill customers monthly fees for heated seats

- September 12, 2023
BMW owners may now enjoy the comfort of a warming backside throughout the chilly winter months without worrying about paying an outrageous monthly fee. The company abandoned its proposal to...
Toyota and FuelCell Energy have completed what they call the world's first "tri-gen system," capable of producing renewable electricity.

Toyota port facility to use renewable energy system with hydrogen byproducts

- September 12, 2023
Toyota and FuelCell Energy have completed what they call the world's first "tri-gen system," a power generator capable of producing renewable electricity, hydrogen and water. In a press release, the automaker...

Porsche and Audi recall nearly 7,000 EVs due to safety concerns

- September 12, 2023
Two of Volkswagen's premium brands, Porsche and Audi, are issuing recalls for versions of their 2023 EVs, including the Taycan and e-tron GT. Due to a lack of battery sealant,...
Andy Wright joins Inside Automotive to give his predictions for what car dealers will see in the remaining months of 2023.

How car dealers should prepare for the remainder of 2023 — Andy Wright | Vinart Dealerships

- September 12, 2023
Innovation and adaptation are crucial for car dealers to navigate today's auto market. But every time retailers acclimate to their industry's evolution, something new comes along to shake their confidence,...
Sean Gardner joins CBT Now to share his strategies for achieving sales goals no matter how slow business might be that month.

How to consistently achieve your monthly sales goals — Sean Gardner | Joe Verde Group

- September 12, 2023
Many car dealers have already achieved their sales goals for the month thanks to high demand, strong pricing and effective strategies guiding their business. But for retailers falling behind on...


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