Audi to get Porsche exec as sales chief, reports say
Marco Schubert, who has led Porsche's European sales since 2021, will succeed Hildegard Wortmann at Audi, according to media reports....
Daily 5 for Aug. 29: GM hopes to bolster its fleet business by branding BrightDrop vans as Chevrolets
Welcome to today's edition of the Daily 5. Back in July, we ran a report about GM's BrightDrop electric delivery van business folding into the GM Envolve fleet and commercial unit. The idea was greater efficiency. Our story also said that after pausing production last fall, GM had resumed building BrightDrop's Zevo 400 and Zevo 600 vans at its CAMI plant in Ingersoll, Ontario. Today, there comes news that BrightDrop vans will become part of Chevrolet, as the automaker hopes to capitalize on Chevy's larger dealership network and land new fleet customers. The Zevo 400 and 600, numbered by their approximate cargo space, will be rebranded as the...
New-car market in China rebounds in first 25 days of August, trade group says
Retail sales of new sedans, crossovers, SUVs and multipurpose vehicles in China rose 5 percent year over year to top 1.3 million from Aug. 1 to Aug. 25, after declining four straight months, according to the China Passenger Car Association....
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....