Editorial: Buy-sells undergo ‘Great Recalibration’ as expectations adjust
Dealers who sold their stores asked for and received top dollar for their stores during pandemic boom times. Expectations now need recalibrating....
Collision repair organization I-CAR develops new curriculum for schools, shops
The Inter-Industry Conference on Auto Collision Repair is introducing new entry-level curriculum for career and technical schools as well as collision repair centers as part of its I-CAR Academy....
Group 1 buys 4 Mercedes-Benz stores in the UK
The Houston dealership group announced the purchase from L&L Automotive on July 1....
Hyundai Supernal air mobility plans aircraft demo this year
Hyundai Motor Group doesn't have a long track record making advanced air mobility products. But Jaiwon Shin, president of its Advanced Air Mobility division, says Hyundai has plenty of strengths to make it a contender....
Tesla’s Q2 deliveries fall 4.8% for second straight decline despite sales promotions
Tesla said it delivered 443,956 vehicles globally in the second quarter, which was better than expected by Wall Street analysts. Tesla's stock price rose about 8 percent in July 2 early trading...
Hyundai, Kia sales drop in wake of CDK cyberattack
The market was on track to rise modestly in June but the widespread cyberattack at CDK, disrupting new-car deliveries, is expected to put a dent in volume, though many sales will be made up in July....
Study looks at how well dealerships answer service department telephone calls
Pied Piper called more than 2,700 dealerships across the U.S., trying to schedule a service appointment. The fresh metric could show auto retailers a new way to enhance customer brand loyalty....
Dealers Are Set to Lose Nearly $1 Billion Over CDK Cyberattack
The June 19 outage affected approximately 15,000 dealerships in North America, and the system still isn't fully operational....
How VTEC Works: An Explainer
A closer look at one of the most iconic names in engineering....
Column: Buy-sell activity drops, stays historically elevated in 2023
Automotive News Research & Data Center first-quarter estimates support industry projections for bustling buy-sell activity through 2024....