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Latest News

To improve digital retailing, build on lessons of 2020
Posted on Sunday February 28, 2021

The next year will bring opportunities to build on the digital retailing lessons learned during the coronavirus pandemic and improve the customer experience.

Carvana to add prep centers to turn cars
Posted on Sunday February 28, 2021

Customer demand is outstripping its ability to prepare vehicles for sale fast enough. The used-vehicle retailer plans to add 10 inspection and reconditioning centers over the next two years to help.

In SPACs, dealers see viable option to go public
Posted on Sunday February 28, 2021

Franchised dealers are talking to their accountants, lawyers and other advisers about the possibility of going public via special purpose acquisition companies, or SPACs, which have exploded in number during the past year.

Lean lots won't last without new dealer discipline
Posted on Sunday February 28, 2021

Retailers must manage inventory as well as expectations for the unexpectedly high profits of 2020 to last.

New look at Nissan a positive sign
Posted on Sunday February 28, 2021

Redesigned Nissans should lead to sales boost, writes an Automotive News reader in a letter to the editor.

Dealer News

CarMax plans bonuses for 22,000 employees to reward pandemic efforts
Posted on Wednesday March 03, 2021

The nation's largest used-vehicle retailer said the bonuses were going to more than 80 percent of its employees.

Sonic Automotive CEO David Smith indicted on 4 charges; court case moves forward
Posted on Wednesday March 03, 2021

The procedural action moves Smith's criminal case along in Mecklenburg County Superior Court. Smith's lawyer has said Smith will plead not guilty to the charges.

CFPB nominee vows to enforce fair lending, scrutinize big data
Posted on Wednesday March 03, 2021

At his confirmation hearing Tuesday, Democratic Senators pushed Rohit Chopra to revive the CFPB after the Trump administration weakened enforcement and several rules, while Republicans warned the bureau overstepped its authority previously.

Ohio lawmaker proposes direct-sales allowance for Lordstown Motors
Posted on Tuesday March 02, 2021

The legislation, introduced Tuesday, would allow a manufacturer to operate dealerships if it "is a manufacturer of all-electric motor vehicles with corporate headquarters and manufacturing facilities in this state."

Think like a consumer to improve the dealership experience
Posted on Tuesday March 02, 2021

No matter how the customer wishes to buy a vehicle, the experience will need to be easy and convenient, panelists said at a Retail Forum: NADA virtual event.

Mobility Report

To improve digital retailing, build on lessons of 2020
Posted on Sunday February 28, 2021

The next year will bring opportunities to build on the digital retailing lessons learned during the coronavirus pandemic and improve the customer experience.

Carvana to add prep centers to turn cars
Posted on Sunday February 28, 2021

Customer demand is outstripping its ability to prepare vehicles for sale fast enough. The used-vehicle retailer plans to add 10 inspection and reconditioning centers over the next two years to help.

In SPACs, dealers see viable option to go public
Posted on Sunday February 28, 2021

Franchised dealers are talking to their accountants, lawyers and other advisers about the possibility of going public via special purpose acquisition companies, or SPACs, which have exploded in number during the past year.

Lean lots won't last without new dealer discipline
Posted on Sunday February 28, 2021

Retailers must manage inventory as well as expectations for the unexpectedly high profits of 2020 to last.

New look at Nissan a positive sign
Posted on Sunday February 28, 2021

Redesigned Nissans should lead to sales boost, writes an Automotive News reader in a letter to the editor.

Used Car Market

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.

Cars.com looks to shed part of Chicago headquarters
Posted on Wednesday September 16, 2020

The move comes four months after the company announced a round of layoffs triggered by the COVID-19 crisis.

McLaren North America rebrands certified pre-owned program
Posted on Monday September 14, 2020

The British exotic brand, in the latest tweak to its North American retail operations, is retiring McLaren Qualified after seven years.

Intent to buy used stabilizes while new-car intent weakens, study finds
Posted on Wednesday August 05, 2020

Between June and July, new-vehicle purchase intent in the U.S. declined 4 percent while used-vehicle intent rose 2 percent, according to a survey by McKinsey & Co. on how consumers are responding to COVID-19.


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