Mazda anticipates slowdown in US demand by early 2023
Executives from Japan's Mazda Motor Corp. made statements about the state of the economy and rising interest rates in the United States on Thursday, saying they expect a slowing of...
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%
car dealers
Average new vehicle prices remained above $48,000 in October
The latest data from Kelley Blue Book, a Cox Automotive company, shows consumers are paid more for both non-luxury and luxury new vehicles in October.
The data shows that the average...
NADA President Mike Stanton discusses new guiding principles for auto retail
In response to today's shifting retail market in the franchise system, the NADA released guiding principles on "Evolving Business Models." Today on Inside Automotive, we’re learning more about those guiding...
Ford’s $1.2 million EV certification faces major opposition from dealer associations
Dealer associations claim that Ford Motor Company is breaching some franchise regulations and unfairly burdening its retail network with expensive restrictions for the sale of electric vehicles in at least...
Tips to improve the close on service transactions
For most dealerships, the aim for 100% service absorption is a lofty goal. Achieved, it pays the overhead expenses completely for the month, alleviating pressure on the rest of the...
Elon Musk sells nearly $4 billion of Tesla stock after Twitter deal
Tesla CEO Elon Musk has sold 19.5 million shares of his electric vehicle company for $3.9 billion (pre-tax) since taking over ownership of Twitter on Friday, November 4, according to...
Lucid reports Q3 loss of $530 million, confirms 2022 production goals
Lucid Motors released its third-quarter financial results on Tuesday, reporting the company tripled the number of Air EVs produced compared with last quarter. The electric vehicle maker said it remains...
BMW vows to keep lower-priced vehicle segments during EV shift
BMW Chief Executive Oliver Zipse says the premium brand won’t abandon the lower-priced market segment as it navigates the transition to electric vehicles.
“We are not leaving the lower market segment,”...
Several auto dealerships changed hands in Q2 and Q3
Toyota, Kia, Stellantis, Ford, and General Motors dealerships have traded hands in multiple transactions across five states during the second and third quarters of this year, Automotive News reports.
On September 26, Gilchrist...
Why multipoint inspections are critical for auto dealership service departments
Welcome to another episode of Service Drive with Don Reed, CEO of DealerPRO Training. Today, Reed continues discussing three of the most ignored, misunderstood, and improperly tracked processes in automotive...
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