New VW surveys inform pandemic response
Posted on Friday June 05, 2020
In January, Volkswagen rolled out a new, simplified customer review process for its U.S. dealerships that dropped numerical ratings in favor of customer-worded answers that is helping guide dealers to respond to COVID-19 concerns.
Mazda's keys: Store image, product lines
Posted on Friday June 05, 2020
He is eager to get on with the brand's rollout of new-generation dealerships and its freshly designed CX-30.
Crisis protections create auto fraud risks
Posted on Friday June 05, 2020
Measures taken at the federal level to protect consumers' credit during the COVID-19 pandemic are increasing auto lenders' exposure to fraud, experts say.
Genchi genbutsu works every time
Posted on Sunday May 31, 2020
The Japanese principle of "go look, go see for yourself " is essential, writes an Automotive News reader in a letter to the editor.
VOLVO'S ANDERS GUSTAFSSON: Crisis shows more urgent need for future tech
Posted on Sunday May 31, 2020
Volvo Car USA's CEO sees life in a post-coronavirus world accelerating the digitalization of auto retail and adoption of new technologies, such as electrification.
Reynolds and Reynolds promotes Barras to president, COO
Posted on Friday June 05, 2020
Tommy Barras is the first executive to jointly hold the president and COO titles, a Reynolds spokesman said.
Online used-car retailer Vroom raises IPO price range
Posted on Friday June 05, 2020
Vroom is offering about 18.8 million shares at a price range of $18 to $20 in the IPO and is expecting a valuation of $2.25 billion. At the top end of the range, it could raise $375 million.
AutoCanada's Q1 earnings hammered by COVID-19
Posted on Thursday June 04, 2020
Despite the pandemic, AutoCanada saw signs of progress for its U.S. stores, which have been a drag on the company’s financial performance since acquiring the Illinois dealerships in 2018.
U.S. auto sales seen plunging 20%, Alix says
Posted on Thursday June 04, 2020
Amid global contraction, U.S. sales are not expected to reach 17 million vehicles again until 2026.
AutoNation to cut 3,500 jobs permanently
Posted on Wednesday June 03, 2020
The nation's largest new-vehicle retailer is cutting roughly half of the 7,000 employees who were furloughed following a sharp drop in vehicle sales and service business during the coronavirus epidemic.
New VW surveys inform pandemic response
Posted on Friday June 05, 2020
In January, Volkswagen rolled out a new, simplified customer review process for its U.S. dealerships that dropped numerical ratings in favor of customer-worded answers that is helping guide dealers to respond to COVID-19 concerns.
Mazda's keys: Store image, product lines
Posted on Friday June 05, 2020
He is eager to get on with the brand's rollout of new-generation dealerships and its freshly designed CX-30.
Crisis protections create auto fraud risks
Posted on Friday June 05, 2020
Measures taken at the federal level to protect consumers' credit during the COVID-19 pandemic are increasing auto lenders' exposure to fraud, experts say.
Genchi genbutsu works every time
Posted on Sunday May 31, 2020
The Japanese principle of "go look, go see for yourself " is essential, writes an Automotive News reader in a letter to the editor.
VOLVO'S ANDERS GUSTAFSSON: Crisis shows more urgent need for future tech
Posted on Sunday May 31, 2020
Volvo Car USA's CEO sees life in a post-coronavirus world accelerating the digitalization of auto retail and adoption of new technologies, such as electrification.
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?
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.
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