Volvo rallies dealers on EVs, CPO participation
Posted on Sunday February 23, 2020
In an upbeat gathering, the CEO of Volvo Car USA says he needs dealers to be "believers" as the industry shifts toward electrification.
Lithia CEO: Innovation drives profit
Posted on Sunday February 23, 2020
Giving customers more options to buy a car is key to Lithia's growth strategy, CEO Bryan DeBoer said, in an interview with Automotive News.
For VW dealers who want to sell EVs, cash is on the way
Posted on Sunday February 23, 2020
Volkswagen of America will provide generous subsidies to prepare its U.S. dealers to sell its coming lineup of battery-electric vehicles, beginning with the ID4 compact crossover this year.
Infiniti offers factory aid with used-car marketing
Posted on Sunday February 23, 2020
Jeff Pope, Infiniti America's group vice president, said at the make meeting that Infiniti wants to shift the factory focus away from sales volumes and sales targets to help dealers generate profits in 2020.
ADESA plans to expand automated buying in '20
Posted on Sunday February 23, 2020
The wholesale vehicle auction firm is leveraging its DRIVIN data and analytics platform to predict which cars and trucks dealers should stock next.
Steele Auto Group of Canada buys Texas dealership
Posted on Tuesday February 25, 2020
CEO Rob Steele said the Nova Scotia-based dealership group will continue to scout opportunities in the Austin-San Antonio area after buying its first U.S. store.
Ford goes to court to rescind original GT sale in Canada
Posted on Monday February 24, 2020
The rare sports car was resold at more than twice the price to a Hong Kong buyer within weeks of its original sale in Canada, despite a two-year hold agreement, the automaker alleges in a lawsuit.
Casa de Cadillac keeps iconic status as brand image evolves
Posted on Sunday February 23, 2020
Dealer Howard Drake has had to find a balance between meeting Cadillac's evolving brand standards and protecting his California dealership's landmark status, a pillar of famous Ventura Boulevard.
Colorado bill would hurt franchised dealers
Posted on Sunday February 23, 2020
The legislation, which is not supported by legacy automakers, would allow manufacturers to sell electric vehicles directly to consumers and cause lasting damage to franchised auto dealers.
Rivian seeks direct sales beyond Colorado
Posted on Sunday February 23, 2020
As a legislative battle over automakers’ ability to sell EVs directly to consumers heats up in Denver, startup Rivian has received a dealer license in Arizona and says it's also considering Washington, Illinois, Massachusetts, California and Florida.
Volvo rallies dealers on EVs, CPO participation
Posted on Sunday February 23, 2020
In an upbeat gathering, the CEO of Volvo Car USA says he needs dealers to be "believers" as the industry shifts toward electrification.
Lithia CEO: Innovation drives profit
Posted on Sunday February 23, 2020
Giving customers more options to buy a car is key to Lithia's growth strategy, CEO Bryan DeBoer said, in an interview with Automotive News.
For VW dealers who want to sell EVs, cash is on the way
Posted on Sunday February 23, 2020
Volkswagen of America will provide generous subsidies to prepare its U.S. dealers to sell its coming lineup of battery-electric vehicles, beginning with the ID4 compact crossover this year.
Infiniti offers factory aid with used-car marketing
Posted on Sunday February 23, 2020
Jeff Pope, Infiniti America's group vice president, said at the make meeting that Infiniti wants to shift the factory focus away from sales volumes and sales targets to help dealers generate profits in 2020.
ADESA plans to expand automated buying in '20
Posted on Sunday February 23, 2020
The wholesale vehicle auction firm is leveraging its DRIVIN data and analytics platform to predict which cars and trucks dealers should stock next.
5 used-vehicle trends in 2020
Posted on Sunday December 29, 2019
With rising prices of new vehicles pushing away more consumers, the used-vehicle market is hot. What will change next year?
Carvana Q2 net losses continue, but shares soar
Posted on Thursday August 08, 2019
The online used-car retailer continues to rack up losses as it expands into new markets but its share price rallied on a spike in revenue, profit per vehicle and improved second-half outlook.
Average age of vehicles on U.S. roads hits 11.8 years
Posted on Thursday June 27, 2019
The number of light vehicles in operation in the U.S., driven by quality gains and additional technology, hit a record 278 million, an increase of more than 5.9 million, or 2.2 percent, since 2018, IHS Markit said.
How rising depreciation will affect the used-vehicle market
Posted on Friday May 24, 2019
Last year's depreciation rates were relatively low thanks to several factors that simply can't last forever. The rate is expected to grow this year, which will affect the used-vehicle market.
Carvana?s losses mount amid 'sustained hyper growth'
Posted on Thursday May 09, 2019
Carvana said its revenue more than doubled for a 21st consecutive quarter as it expanded into 24 new U.S. markets.
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