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Latest News Dealer News Mobility News Used Car News

Latest News

Future revenues may be smaller than they appear
Posted on Sunday October 17, 2021

Investors should be wary of rosy projections of post-purchase consumer add-ons.

Consolidation of dealerships unlikely to cool
Posted on Sunday October 17, 2021

Dealers and a dealership lawyer expect the pace of consolidation to continue well into 2022.

Highlights from 'Daily Drive', October 8-14
Posted on Sunday October 17, 2021

Highlights from the latest episodes of "Daily Drive," Automotive News' weekday podcast, October 8-14

Grassroots EV charging push is blossoming
Posted on Sunday October 17, 2021

Activists are working to install chargers at tourist destinations and remote areas.

Vroom targets more sales, customers with UACC deal
Posted on Sunday October 17, 2021

The acquisition of the captive lending arm may help Vroom increase sales and profits.

Dealer News

AutoNation to sell 17 collision centers to Caliber
Posted on Tuesday October 19, 2021

AutoNation said it will have 55 collision centers remaining.

Michigan governor OKs auto bill that lets dealerships adjust hours, closures
Posted on Monday October 18, 2021

The bill will let dealerships be open for less than 30 hours a week for up to four weeks a year. They were previously required to be open for 30 hours a week year-round.

Why Honda is spending more on ‘Power of Dreams’ marketing
Posted on Monday October 18, 2021

Honda touts its broad range of products, from all-terrain vehicles and motorcycles to sedans, in bid to separate itself from startups like Tesla.

 

 

Cox, LMC: Days' supply of inventory lowest since 1985
Posted on Sunday October 17, 2021

New-vehicle stocks shrank to just more than 915,000 last month, according to Cox Automotive, and could shrink even further despite cooling sales as production issues and supply shortages linger.

Cultural fit crucial in Asbury acquisitions
Posted on Sunday October 17, 2021

The company largely sat on the sidelines of dealership acquisitions for several years as it paid down debt, built its digital retailing platform and pursued share buybacks. Then the group last year bought eight Park Place Dealerships stores and now plans to buy Larry H. Miller Dealerships by the end of the year.

Mobility Report

Grassroots EV charging push is blossoming
Posted on Sunday October 17, 2021

Activists are working to install chargers at tourist destinations and remote areas.

Bill Gates, Jeff Bezos among supporters of Mich. startup's hybrid battery approach for EVs
Posted on Sunday October 17, 2021

Battery startup Our Next Energy closed its series A funding round, raising $25 million. BMW's venture-capital arm is among the participating investors, but not the most well known.

Uptick in rural chargers will likely make EV drivers happy campers
Posted on Sunday October 17, 2021

Governments, nonprofits and companies are working toward creating an adequate network of charging stations at state and national parks and even more remote destinations.

EV-charging trailer to debut in '22
Posted on Thursday October 14, 2021

The trailer maker Colorado Teardrops says it has "hundreds" of preorders for a camper that will house EV-charging batteries in its frame.

Electric Last Mile Solutions opens urban mobility lab in California
Posted on Wednesday October 13, 2021

The commercial EV producer wants to develop customer programs that ramp up vehicle productivity and slash ownership costs.

Used Car Market

NAAA cancels 2021 annual convention
Posted on Friday September 10, 2021

The decision comes just weeks before the annual event was set to take place in Chicago, and marks the second straight year the show was called off due to the coronavirus pandemic.

Penske, Cox develop used-vehicle online buying platform
Posted on Thursday July 22, 2021

The tool, Esntial Commerce, has been rolled out initially at Penske's CarShop used-vehicle stores before a planned expansion to franchised dealerships.

Used-vehicle prices poised for peak in U.S. after pandemic surge
Posted on Thursday June 24, 2021

The bellwether of the industry -- the wholesale market where dealers buy and sell in bulk -- has already topped out and prices of individual secondhand cars should follow in a matter of weeks.

CarLotz shares start trading after reverse merger
Posted on Friday January 22, 2021

The company began trading shares Friday under the "LOTZ" ticker symbol. CarLotz CEO Michael Bor said going public should help raise the online used-car retailer's profile and visibility.

Used-car consignment store CarLotz to go public via merger
Posted on Wednesday October 21, 2020

The deal would make CarLotz the third major U.S. online car seller to go public this year, following in the trails of Vroom and Shift Technologies as online vehicle sales boom during the coronavirus pandemic.


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