Guest commentary: Surge in leasing numbers an opportunity for dealers
While leasing as a whole appears to be bouncing back, it is not yet attracting first-time lessees at a rate commensurate to that before the pandemic....
Feedback: Two-thirds of service customers decline additional work
Both mass market and luxury customers opt out of service work recommended by adviser or technician, survey shows....
1 Thing We’re Talking About: Get Spiffy gets new CEO
Co-founder Karl Murphy, who was serving as president, replaced co-founder Scot Wingo at the top of the mobile maintenance and vehicle detailing startup....
BYD dominance is taking a toll on smaller Chinese EV rivals
BYD has risen to become the dominant force in China’s auto market — overtaking established western automakers like VW Group to sell 3 million units last year....
GM, Samsung SDI push back opening of Ind. battery plant to 2027
General Motors and Samsung SDI finalized their partnership that will invest $3.5 billion in an EV battery plant in Indiana....
Fintech expert breaks down a disparity in lending to Uber drivers
Traditional prime auto lenders financed far fewer gig drivers than subprime lenders....
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office, experts said....
AI, machine learning boost Widewail’s look at dealership reviews
Widewail's platform helps dealers track their online reviews. Machine learning and AI enables better understand of their wants and needs....
Smart plans 2025 Europe launch for #5 midsize electric SUV
Smart says the #5 will appeal to owners of the brand's small city cars, many of whom have a midsize SUV as a second car....
BYD aims to get half of sales from global markets
BYD’s target is to sell about 3.6 million full-electric and plug-in hybrid cars globally in 2024, and is on track to hit 500,000 overseas sales this year....