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Latest News Dealer News Mobility News Used Car News

Latest News

Big Jeep store opens after pandemic changes sales scene
Posted on Friday September 25, 2020

Construction delays helped the store avoid a head-on collision with the onset of the pandemic, and the 11-month setback let the dealership tailor its layout for the COVID-19 era.

Audi's Q5 crossover next in line for sportback
Posted on Friday September 25, 2020

The 2021 Audi Q5 sportback will arrive in U.S. showrooms in the first half of 2021. The brand's top-selling crossover becomes the latest Audi model to get the sloped-back styling.

Geopolitical concerns lurk behind an EV future
Posted on Friday September 25, 2020

China solidifies control of key EV supply chains, raising questions about the U.S. shift toward electrification.

Hyundai wants to restart facility upgrades; dealers wary
Posted on Sunday September 20, 2020

Hyundai and Genesis say it's time to get back to their pandemic-delayed dealership upgrade programs. Some retailers think it's too soon.

F-150 EV will outwork the competition, Ford says
Posted on Sunday September 20, 2020

While Tesla, Nikola and other companies launching electric pickups aim for lifestyle buyers, Ford believes it can impress work users by promoting the battery-powered F-150 as a more capable, powerful and cost-effective variation on the nation's top seller.

Dealer News

Big Jeep store opens after pandemic changes sales scene
Posted on Friday September 25, 2020

Construction delays helped the store avoid a head-on collision with the onset of the pandemic, and the 11-month setback let the dealership tailor its layout for the COVID-19 era.

Ford details Bronco allocation process to dealers; top performers could get 'hundreds'
Posted on Friday September 25, 2020

Mark LaNeve, Ford's vice president of U.S. marketing, sales and service, said he thinks Ford will initially be able to convert "over 75 percent" of its 165,000 Bronco reservations.

Michigan House committee OKs bill limiting direct EV sales
Posted on Thursday September 24, 2020

A bill in Michigan that would prevent electric vehicle manufacturers beyond Tesla from selling directly to consumers in the state sets up another fight over direct sales.

CarMax rebounds to record revenue, profits in Q2
Posted on Thursday September 24, 2020

CarMax's record results reflected the larger rebound of the industry in the summer months after the outbreak of the coronavirus pandemic. Despite the robust results, CarMax shares fell nearly 10 percent in midday trading.

Florida dealer Rick Case dies of cancer
Posted on Wednesday September 23, 2020

Longtime auto dealer Rick Case died Sept. 21 after a short battle with cancer. In his nearly 60 years in auto retail, Case helped launch some of the first U.S. dealerships for several car brands and set many sales records.

Mobility Report

Big Jeep store opens after pandemic changes sales scene
Posted on Friday September 25, 2020

Construction delays helped the store avoid a head-on collision with the onset of the pandemic, and the 11-month setback let the dealership tailor its layout for the COVID-19 era.

Audi's Q5 crossover next in line for sportback
Posted on Friday September 25, 2020

The 2021 Audi Q5 sportback will arrive in U.S. showrooms in the first half of 2021. The brand's top-selling crossover becomes the latest Audi model to get the sloped-back styling.

Geopolitical concerns lurk behind an EV future
Posted on Friday September 25, 2020

China solidifies control of key EV supply chains, raising questions about the U.S. shift toward electrification.

Hyundai wants to restart facility upgrades; dealers wary
Posted on Sunday September 20, 2020

Hyundai and Genesis say it's time to get back to their pandemic-delayed dealership upgrade programs. Some retailers think it's too soon.

F-150 EV will outwork the competition, Ford says
Posted on Sunday September 20, 2020

While Tesla, Nikola and other companies launching electric pickups aim for lifestyle buyers, Ford believes it can impress work users by promoting the battery-powered F-150 as a more capable, powerful and cost-effective variation on the nation's top seller.

Used Car Market

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.

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?


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