Thursday, January 27, 2022
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Hyundai

Hyundai expects production rebound with global chip supply improvement

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On a conference call Tuesday, Hyundai Motor Co. expressed hope that the global chip shortage would abate through the second quarter of 2022. It comes after an earnings announcement that saw Hyundai’s forecasted profit halved in Q4, triggering a mild slide in stock prices. After predicting sales of more than 4.3 million units worldwide through […]
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sales

US new vehicle sales in November are down once again

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Auto sales are yet again being hindered by the ongoing supply chain issues, with a handful of automakers reporting notable drops in sales for the month of November. While a lack of sales sometimes comes when there is a drop in demand, consumers are still eager to buy new vehicles. However, they cannot find the […]
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Ryan Kerrigan

Ryan Kerrigan on how record earnings for auto retailers affects...

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On today’s edition of Inside Automotive, Ryan Kerrigan, Managing Director of Kerrigan Advisors, gives an update on the market and breaks down some of the industry’s recent headlines. Earnings are just off the charts, says Kerrigan. Quarter over quarter, the Kerrigan Index is up over 64% in aggregate for auto retailers. AutoNation and Lithia doubled […]
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MSRP

Cars continue to sell over MSRP— How long will it...

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A new Autotrader report has been released right before the Labor Day Weekend that’s popular for shoppers, indicating to car buyers the top 20 new vehicles consistently selling above MSRP. With luxury and non-luxury models on the list, it includes many that are best-sellers in very short supply. The Mercedes-Benz G-Class wagon tops the list […]
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sales

Automakers reporting historic sales for April 2021

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After one of the strongest quarters in American auto retail history, several carmakers have already reported the best sales months for their brands ever for April 2021. Reports from Hyundai and Kia as well as Honda and Acura surpassed record March sales, and it’s all but guaranteed many other carmakers will be in the same […]
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Hyundai, Kia declare Apple car partnership off the table

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After several reports linked Hyundai Motor Co as a manufacturing partner for the Apple car project, the company has now said it isn’t in any form of talks with the U.S. tech giant. While both Hyundai and its affiliate Kia have prioritized electric vehicle development and autonomous technology, neither claim Apple is part of their […]
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initial quality

J.D. Power’s 2020 Initial Quality Study Gives Insight into Customers’...

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The global leader in automotive insights, J.D. Power, has released the results of their 2020 Initial Quality Survey. The study has identified both Dodge and Kia tied in rankings for the mainstream brands that are highest in initial quality. Genesis tops the chart for premium brands. The 2020 Initial Quality Study took a different approach […]
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who won

Who Won the Big Game’s Ad Battle?

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Let’s be honest. At this point the Super Bowl is has become a vehicle for ads, kind of like chips are a vehicle for dip. The commercials between action have grown into a force of their own, creating a simultaneous competition running alongside the teams on the field. Hundreds of thousands of viewers who could […]
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Dealerships

Bring the Excitement Back Into Your Dealership – Mark Olson, Findlay...

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We recently had a chance to catch up with Mark Olson, General Sales Manager and Internet Director of Findlay Kia, in Las Vegas, Nevada. Olson,...
Don Chalmers

Don Chalmers: The Process to Excellence

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Making and Measuring Goals — And Winning Few get to start anything from scratch. A complete do-over. But that’s exactly what happened to Don Chalmers and his team and as a result, the dealership not only became one of the crown jewels in Ford’s roster but, in 2016, earned the Malcolm Baldrige National Performance Excellence […]
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