Column: Automotive retail subject of first 2024 Intelligence Report
After several years of soaring profits, automotive retailers have come back down to Earth — or at least in the neighborhood. We take a look at how they are faring....
Interest rates, affordability issues persist for dealerships
The top dealership groups and used-vehicle retailers struggle with profitability in the wake of ongoing issues such as interest rates and affordability....
FTC’s tougher regulations needed
Deception comes at the most vulnerable time in the car-buying process....
Stellantis exec departures raise alarm among U.S. dealers, salaried workers
Four prominent North American executives have left in recent months as CEO Carlos Tavares pushes Stellantis to improve its performance and cut costs....
Vehicle shipments lose steam in May
Wholesale vehicle deliveries, behind another surge in exports, edged up 1.5 percent to top 2.4 million last month after rising 9.3 percent in April, the China Association of Automobile Manufacturers said....
Service & Parts tip: Choose the right technology for the service department
Integrating the right technology into a service department can significantly enhance operational efficiency and customer satisfaction, says Corey Smith, national fixed operations training manager at EasyCare....
1 Thing We’re Talking About: Cox survey shows dealers remain bullish on service and parts business
The latest Cox Automotive Dealer Sentiment Index showed dealers gave their fixed operations business a score of 61 for the third-straight quarter after reaching 65 in the third quarter of 2023....
New program at Shaheen Automotive Group provides free tools to technicians
Dave Wright wants to change two things at the dealership group where he works: Providing alternatives to flat rate pay schedules and providing free tools to the wrench turners in his shops....
U.S. vehicle inventory has now been under 3 million for 4 years
New-vehicle inventory has stayed between 2.5 million and 2.89 million since January....
Used-vehicle market shifts into lower gear
Used-vehicle sales rose 5.8 percent year over year to approach 1.27 million in May after advancing 15 percent in April, the China Automobile Dealers Association said....