Many issues are hurting auto industry
The auto industry has a multitude of issues plaguing it, from overregulation and a push to an all-EV marketplace to overpriced model offerings with higher-interest loans that have placed many buyers out of the market....
Leo Michael cartoon: Dealer profit shrinkage
The average U.S. franchised dealership saw net pretax profit slip 33.4 percent in the first half of 2024, though the profit decline appear to be slowing, according to a new dealership performance benchmark report....
Editorial: In light of EV fire risk, dealers should prepare for higher insurance costs
The insurance industry is watching closely to see if the risk of fires grows as dealership service departments start working on more hybrids and EVs....
Car Companies Risk Huge Fines in Europe for Exceeding Emissions
From 2025, it'll be much more difficult for automakers to meet the target....
Renault Is Advertising its New Hatch in America … But Not for Americans
It’s a reminder that the new 5 is not for us....
Geely’s net profit soars in first half
Geely, citing an optimal product mix, said the average selling price of its vehicles across all brands rose 4.2 percent from a year earlier to $721 in the first half. ...
New-car sales will drop 4.4% in August, trade group predicts
China’s new-car market is set to contract for the fifth straight month in August behind slumping demand for gasoline vehicles, according to the China Passenger Car Association....
Cadillac helps lace up $5,000 custom shoes based on its EVs
Bespoke sneakers from designer Dominic Ciambrone borrow patterns, materials and colors from the Cadillac Lyriq, Celestiq, Optiq and Escalade IQ....
Overheard: Dealership social media channels need to promote service departments
Dealership social media is too focused on sales and needs to highlight fixed operations services and specials, said Melissa Marlatt, COO of InteliChek, on the "What the Fixed Ops?! (WTF?!)" podcast....
Mazda incentives soar, putting pressure on profits, upmarket move
Spiraling incentives nearly wiped out Mazda's operating profit in the latest quarter, as the company spent more to sell more. Volume and market share are growing. But it comes at a big price, with U.S. spiffs nearly double their level a year ago....