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Latest News Dealer News Mobility News Used Car News

Latest News

Jeep enters uncharted territory
Posted on Sunday April 05, 2020

Social media is being used to encourage drivers to do the opposite of its usual call to hit the road -- and stay put.

Industry leaders talk virus, future in online Automotive News series
Posted on Sunday April 05, 2020

Automotive News will offer live, weekly video interviews with industry leaders and experts in an eight-part online series called "Congress Conversations" beginning April 16.

Unwavering faith through two viral fights
Posted on Sunday April 05, 2020

For Horne Auto Fixed Ops Director Bob Cawley, who battled Guillain-Barré syndrome in 2018, getting through the coronavirus pandemic is about faith in God.

Nissan turnaround, struggling stores in jeopardy amid outbreak
Posted on Sunday April 05, 2020

Profitability was a big challenge before the pandemic. A big question now: Will the extraordinary economic complications of COVID-19 be fatal to some dealerships?

For F&I managers, crisis offers opportunity
Posted on Sunday April 05, 2020

Those who weathered the recession of 2008 should remember that crises are a time to review and improve business practices.

Dealer News

CarMax to furlough 15,500, slash exec pay, other costs
Posted on Wednesday April 08, 2020

The furloughs are effective April 18, and CarMax CEO Bill Nash is forgoing 50 percent of his salary as the used-car retailer moves to preserve cash. About half of the company's 217 U.S. stores are ether closed or operating on a limited basis.

Remote sales will likely continue after quarantines
Posted on Wednesday April 08, 2020

As dealerships become accustomed to remote e-signing tools and customers stay away for fear of endangering themselves or their families, will contact-free car sales become more normalized?

Mercedes grabs lead in U.S. luxury race as crisis hammers sales
Posted on Wednesday April 08, 2020

Mercedes-Benz delivered 67,746 vehicles, excluding commercial vans, in the first quarter, down 4.8 percent from a year ago.

F&I provider relaunches Recession-era product during COVID-19
Posted on Wednesday April 08, 2020

In 2008, EFG's product was selected as the backbone of the Hyundai Assurance program, which allowed customers to return a vehicle after an involuntary job loss.

7-year loans won't revive a lifeless market
Posted on Wednesday April 08, 2020

Automakers using extended loan terms to stem rapidly falling demand face many challenges — convincing customers to reenter the vehicle market at a perilous time and asking dealerships to accept trade-ins worth significantly less today than mere weeks ago.

Mobility Report

Jeep enters uncharted territory
Posted on Sunday April 05, 2020

Social media is being used to encourage drivers to do the opposite of its usual call to hit the road -- and stay put.

Industry leaders talk virus, future in online Automotive News series
Posted on Sunday April 05, 2020

Automotive News will offer live, weekly video interviews with industry leaders and experts in an eight-part online series called "Congress Conversations" beginning April 16.

Unwavering faith through two viral fights
Posted on Sunday April 05, 2020

For Horne Auto Fixed Ops Director Bob Cawley, who battled Guillain-Barré syndrome in 2018, getting through the coronavirus pandemic is about faith in God.

Nissan turnaround, struggling stores in jeopardy amid outbreak
Posted on Sunday April 05, 2020

Profitability was a big challenge before the pandemic. A big question now: Will the extraordinary economic complications of COVID-19 be fatal to some dealerships?

For F&I managers, crisis offers opportunity
Posted on Sunday April 05, 2020

Those who weathered the recession of 2008 should remember that crises are a time to review and improve business practices.

Used Car Market

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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