Tag: automotive industry news
Why ‘bad news’ doesn’t exist in car sales
Car salespeople tackle various challenges every day, ranging from customer hesitancy to financial hurdles. Although these types of tough conversations are a common aspect...
Dealers and buyers divided over electric vehicle market
Consumers and dealers expressed opposing beliefs and concerns over the electric vehicle market in a new Cox Automotive analysis.
Of the 1,024 car shoppers surveyed...
Mastermind and Reynolds and Reynolds integration now available for dealerships
NEW YORK (June 27, 2023) – automotiveMastermind (aM), part of S&P Global Mobility and the leading provider of predictive analytics and marketing automation solutions...
Lordstown Motors sues former partner Foxconn after filing for bankruptcy
Electric vehicle brand Lordstown Motors is suing its former business partner Foxconn after filing for bankruptcy on June 27.
The conflict stems from a deal...
Trump makes case against electric vehicle push to Michigan voters
Current GOP frontrunner Donald Trump criticized the automotive industry's electric vehicle transition during a weekend event in Michigan.
Trump made the remarks at the Lincoln...
Emerging trends in digital marketing and data collection for dealers —...
Customer data and digital marketing are crucial tools for running a profitable dealership. On this episode of Inside Automotive, host Jim Fitzpatrick is joined...
Different shoppers mean different customer service practices — Matt Wahnon |...
Today's car buyers are increasingly diverse and complex, which means dealers must constantly refine their customer service practices. On this episode of Inside Automotive,...
AutoNation purchases 5 stores in California, Goode Motor Auto Group enters...
The following notable M&A deals were finalized in the past few months, involving numerous brands and a few high-profile dealer groups.
AutoNation
AutoNation has expanded once...
Forward-thinking dealers see greater fixed operations profit, efficiency
Forward-thinking car dealers have seen fixed operations department profits and efficiency significantly improve over the last year, according to new research by Cox Automotive.
As...
Sonic Automotive closes eight EchoPark locations to shift used-vehicle supply
Sonic Automotive, one of the largest dealership groups in the U.S., is closing eight EchoPark used-vehicle stores in response to supply and demand pressures,...
