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....
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....