Musk to Haig Partners’ dealer plea: ‘Just buy things online’
Dealership buy-sell advisory firm Haig Partners asked Tesla CEO Elon Musk to consider franchised dealers in an open letter. "Better to just buy things online," Musk replied on his X platform June 11....
Tesla pushes for Musk’s $56 billion payout in run-up to shareholder meeting
Tesla Inc. is making a final push to convince shareholders to vote for CEO Elon Musk's $56 billion pay package before its June 13 shareholder meeting....
Fed keeps benchmark rate unchanged as auto dealers call interest rates an issue
Car dealers and consumers will have to continue to wait for relief from higher interest rates as Federal Reserve leaders once again opted to leave its benchmark rate the same....
F&I tip: Protect consumer information with physical audits as well as cybersecurity, compliance CEO says
Cybersecurity is an important and high-profile component of compliance with the federal Safeguards Rule requiring dealerships. But dealerships should also conduct frequent physical audits....
F&I data: Captives financed more than 60% of new vehicles in Q1, Experian says
Captive finance companies financed 62 percent of all new-vehicle loans and leases begun during Q1 2024, up 8 percentage points from a year earlier and their highest market share since 2010....
Court rules dealership’s salesman violated noncompete agreement
A used-car salesman at a suburban Detroit dealership violated a 12-month, 25-mile noncompete agreement by taking a new job at a rival same-make store six miles away, the Michigan Court of Appeals ruled....
This Bugatti Concept Was the Chiron Before the Chiron
Before the Veyron and well before the production Chiron, the 18/3 concept was a preview of things to come....
Infiniti eyes Lexus, Acura customers to rebuild market share
In late July, Infiniti will launch a program to help retailers with marketing and expense reduction....
Findlay Automotive targeted in cyberattack
Findlay Automotive Group has been hit by a cybersecurity attack that continues to hamper some of its sales and service operations....
Convenience and flexibility key to selling F&I products to Gen Z buyers, survey says
Many Gen Z shoppers said the convenience of research and shopping for F&I products was the most influential factor in their purchasing decision....