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Latest News Dealer News Mobility News Used Car News

Latest News

A faster track to owning an AV?
Posted on Sunday January 17, 2021

Global supplier Mobileye last week offered a due date on making self-driving technology available in personally owned vehicles: 2025.

Big auto show era truly over
Posted on Sunday January 17, 2021

The auto industry is thriving as affluent consumers pay record prices for a limited selection of vehicles. Automakers have money — they just don't want to spend it on major, global auto shows.

Missing piece to the mobility puzzle: Helping carless people
Posted on Sunday January 17, 2021

It's time some attention was paid to doing something right now to help alleviate the poverty that the lack of a privately owned vehicle irrefutably creates.

Electrification, AV delivery among trends to watch
Posted on Sunday January 17, 2021

Electrification, the digitization of manufacturing and delivery-bolstering AV technology are just a few of the major trends that experts say will be critical to the mobility industry.

NBC picks up sitcom about Detroit carmaker
Posted on Sunday January 17, 2021

The show, starring Ana Gasteyer, is about a group of executives trying to "rediscover the company identity amidst a rapidly changing industry."

Dealer News

Biden to pick FTC's Chopra to steer CFPB
Posted on Monday January 18, 2021

Rohit Chopra, whose consumer advocacy views align with Sen. Elizabeth Warren, D-Mass., has been an outspoken critic of some dealership business practices while serving as a member of the FTC.

Dealer anniversaries
Posted on Sunday January 17, 2021

40 with BMW

Jay Wyatt, left, dealer principal of Valley Auto World BMW in Fayetteville, N.C., receives a 40-year award from Neil Ashton, area manager for BMW of North America.

 

25 with Chevrolet, Cadillac, Buick

Mike Molstead, left, president of Mike Molstead Motors in Charles City, Iowa, receives a 25-year award for Chevrolet, Cadillac and Buick from Craig Bailey, General Motors zone manager.

 

 

 

25 with Toyota

Ken Ganley, right, dealer principal of Ganley Toyota in Akron, Ohio, receives a 25-year award from Shane Sizemore, general manager of Toyota Motor North America’s Cincinnati region.

 

 

 

Inventory at 3 million for first time since May
Posted on Sunday January 17, 2021

But the ongoing computer chip shortage could mean stocks will begin to shrink again.

LMP, in bid for automakers' OK, revises Atlantic deal
Posted on Sunday January 17, 2021

The scope of the planned purchase of Atlantic Automotive Group dealerships was reduced because of automaker preferences that retailers not own contiguous dealerships of the same brand.

China auto sales set to grow in '21, trade group predicts
Posted on Sunday January 17, 2021

The China Association of Automobile Manufacturers predicts the country's new-vehicle sales will grow 4 percent to more than 26 million this year.

Mobility Report

A faster track to owning an AV?
Posted on Sunday January 17, 2021

Global supplier Mobileye last week offered a due date on making self-driving technology available in personally owned vehicles: 2025.

Big auto show era truly over
Posted on Sunday January 17, 2021

The auto industry is thriving as affluent consumers pay record prices for a limited selection of vehicles. Automakers have money — they just don't want to spend it on major, global auto shows.

Missing piece to the mobility puzzle: Helping carless people
Posted on Sunday January 17, 2021

It's time some attention was paid to doing something right now to help alleviate the poverty that the lack of a privately owned vehicle irrefutably creates.

Electrification, AV delivery among trends to watch
Posted on Sunday January 17, 2021

Electrification, the digitization of manufacturing and delivery-bolstering AV technology are just a few of the major trends that experts say will be critical to the mobility industry.

NBC picks up sitcom about Detroit carmaker
Posted on Sunday January 17, 2021

The show, starring Ana Gasteyer, is about a group of executives trying to "rediscover the company identity amidst a rapidly changing industry."

Used Car Market

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.

Online used-car retailer Vroom targets IPO worth at least $281M
Posted on Tuesday June 02, 2020

The company, which has been reporting strong revenues but with net losses, has applied to be traded on the Nasdaq exchange under the VRM ticker symbol. The current share price target would raise between $281 million and $319 million.


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