Tag: automotive industry
Honda ups earnings forecast after massive increase in U.S. sales
Honda boosted its earnings forecast for the fiscal year ending March 31 after reporting impressive profitability improvements over its third quarter.
The automaker now expects...
Massachusetts dealership to face Hyundai in court over new storefront
Hyundai is suing in federal court to open a new storefront in Danvers, Massachusetts after a nearby dealership complained that the move violated state...
How consumer preferences are dictating the car buying process — Bill...
Consumer preferences have rapidly transformed in the retail automotive sector. Knowing how the expectations have changed and how buyer needs will continue to evolve...
A closer look at the dealership M&A valuations process — Todd...
The dealership M&A (mergers and acquisitions) market can be confusing to navigate. Knowing the technical aspects of valuations and buy-sell transactions is crucial to...
Trends in automotive TV advertising—still worth it for dealers?
Television advertisements are a big deal for car manufacturers. Minding our language, and depending on who you ask, it might be fair to say...
The high-income club’s grip on auto sales
The auto sales landscape is undergoing a seismic shift. In April of last year, CBS Detroit reported that Jonathan Smoke, chief economist at Cox Automotive,...
Ford sets ambitious financial targets for 2024, reassesses EV strategy
Ford posted strong quarterly and full-year revenues on Tuesday, beating analyst expectations—despite reporting a net loss for the October through December period—and announcing ambitious...
Toyota to build electric SUV at Kentucky plant with $1.3 billion...
Toyota has announced plans to invest $1.3 billion in its Kentucky facility to build a three-row electric SUV for the U.S. market.
The new investments...
Ally’s Gabe Garroni explores innovative trends in virtual and digital F&I...
Recognizing the consumer demands for flexibility and convenience, the F&I office is being revolutionized, and much of the automotive sales process has moved online....
How do hybrids compare to electric and ICE vehicles? — Jake...
For almost a century, Consumer Reports has played a critical role in improving transparency across many industries and guiding buyers to the right products...