Beijing halves sales tax on cars with engine sizes up to 2.0 liters

Beijing halves sales tax on cars with engine sizes up to 2.0 liters https://ift.tt/brUXPnz

Beijing, seeking to revive vehicle sales undermined by government anti-pandemic measures, will halve the sales tax to 5 percent on new light vehicles with engine sizes up to 2.0 liters and priced at 300,000 yuan ($45,045) or below. 

Digital retailing options keep most customers satisfied even in seller's market

Digital retailing options keep most customers satisfied even in seller's market https://ift.tt/odZFaSj

Shoppers aren't thrilled about the higher prices and fewer vehicle choices found on dealership websites these days, but they like digital retailing itself, Cox Automotive market researcher Angela Drake says.

Digital retailing options keep customers satisfied even in seller's market

Digital retailing options keep customers satisfied even in seller's market https://ift.tt/1zAeLwf

Shoppers aren't thrilled about the higher prices and fewer vehicle choices found on dealership websites these days, but they like digital retailing itself, Cox Automotive market researcher Angela Drake says.

A brighter business outlook in the States is one reason Canadian dealer groups are buying U.S. stores

A brighter business outlook in the States is one reason Canadian dealer groups are buying U.S. stores https://ift.tt/jVgrMaR

It's not just warmer U.S. weather, but also the promise of a brighter outlook for business that is drawing interest from Canadian dealer groups.

How the car dealership buy-sell market could shift in the next year

How the car dealership buy-sell market could shift in the next year https://ift.tt/nv4tkhQ

For dealers who are thinking about selling their dealerships, there may never be another time when the stars are aligned the way they are now.

Dealer anniversary

Dealer anniversary https://ift.tt/F4vrg8D

Dealers featured this week are Lou Thomas, president of Louis Thomas Subaru in Parkersburg, W.Va., and Ed Thomas, chairman.

Mercedes unfurls factory-direct sales plans

Mercedes unfurls factory-direct sales plans https://ift.tt/fInvXJB

As Mercedes shifts to more of a digital retail model in Europe and other markets, it is realizing it does not need the number of dealerships it currently has.

VW new brand, new opportunity

VW new brand, new opportunity https://ift.tt/2XFmITq

One of the worst things would be for VW to over-dealer the Scout brand, writes an Automotive News reader in a letter to the editor.

Nissan tells dealers to stop taking orders for the Ariya EV

Nissan tells dealers to stop taking orders for the Ariya EV https://ift.tt/Eot5h3N

Nissan COO Ashwani Gupta says it is better to limit orders to what can be delivered in a timely manner rather than to potentially aggravate Ariya customers by making them wait too long.

In pricey town, housing an employee perk

In pricey town, housing an employee perk https://ift.tt/sWuOKZ8

Teton Motors in Jackson, Wyo., has taken on the challenge of a pricey housing market by offering employees less expensive housing.

VW to anxious dealers: Answers on Scout EV will come in time

VW to anxious dealers: Answers on Scout EV will come in time https://ift.tt/FLdJ9u4

In an exclusive interview, Scott Keogh, CEO of VW Group of America, offered what clarifications he could, specifically as Scout relates to the VW brand in the U.S.

Ford, GM, Audi, VW and Mitsubishi dealerships trade hands in 4 states

Ford, GM, Audi, VW and Mitsubishi dealerships trade hands in 4 states https://ift.tt/szj3AcR

Here's a look at dealership sales involving domestic, luxury and import stores.

Why people are buying EVs in the U.S and why they're not: 2 new studies offer clues

Why people are buying EVs in the U.S and why they're not: 2 new studies offer clues https://ift.tt/4Z2kfLA

J.D Power's U.S. Electric Vehicle Consideration Study showed home ownership played a significant role in the likelihood of purchasing an EV.

Cannon Motor buys Ford-Lincoln, Nissan and Toyota dealerships

Cannon Motor buys Ford-Lincoln, Nissan and Toyota dealerships https://ift.tt/aZ3xyqE

Cannon Motor in May expanded to the Mississippi Gulf Coast with the purchase of three dealerships.

New ads highlight AutoNation's employees

New ads highlight AutoNation's employees https://ift.tt/bC5XqtG

AutoNation, aiming to recruit and retain employees, is launching the multimillion-dollar ad campaign, themed "Go Be Great," to air on television leading up to Sunday's Indianapolis 500.

U.S. dealer groups want answers from VW on 'alarming and puzzling' Scout announcement

U.S. dealer groups want answers from VW on 'alarming and puzzling' Scout announcement https://ift.tt/mP1vJUn

Letters being sent to VW from NADA and state associations seek answers to how the German automaker plans to retail its upcoming Scout vehicles. North Carolina dealers made it clear they will defend their state's franchise laws.

Illinois Kia dealership sued over adverse action notice

Illinois Kia dealership sued over adverse action notice https://ift.tt/VcUyhWu

A consumer claims retailer failed to provide after he was denied credit. Plaintiff Jamal May seeks class-action status against World Kia Joliet, alleging that "thousands" of customers might have experienced similar violations of the federal laws covering credit.

VW reboots to more flexible U.S. advertising strategy

VW reboots to more flexible U.S. advertising strategy https://ift.tt/0L6waQv

VW of America's marketing vice president discusses the automaker's creative pivot and how it is taking an ‘ebb and flow’ media approach amid supply shortages.

Horne Auto Group's next-manager-up planning will pay dividends

Horne Auto Group's next-manager-up planning will pay dividends https://ift.tt/PhRiWgS

At the end of the year, Jimmy Powell will drop the "assistant" part of his title and replace his mentor, Bob Cawley, as Horne Auto Group's corporate fixed operations director.

Why car dealership leaders should train their replacements

Why car dealership leaders should train their replacements https://ift.tt/jUf4CkJ

The first rule of succession planning is talking about succession planning. Few dealerships have a formal replacement strategy in place.

Average age of U.S. light vehicles rises for fifth straight year

Average age of U.S. light vehicles rises for fifth straight year https://ift.tt/nDwO71e

The average U.S. vehicle age rose to 12.2 years in 2022 — a nearly 2 percent increase from 2021, S&P Global Mobility said.

For some would-be Ford Bronco owners, the wait continues

For some would-be Ford Bronco owners, the wait continues https://ift.tt/4Lobz7R

Ford had hoped to clear out thousands of Broncos that were awaiting microchips in holding lots by May, but some owners say they're still in limbo — and they likely will be for months.

What's fueling the growing EV interest among drivers

What's fueling the growing EV interest among drivers https://ift.tt/AukLGM9

With analysts predicting further pump price increases in the months ahead, it wouldn't be surprising to find even more drivers considering an EV.

Dealers must be included in VW's plans for Scout

Dealers must be included in VW's plans for Scout https://ift.tt/VmIknXj

Volkswagen Group didn't say how its new Scout brand electric SUV and pickup would be retailed in the U.S. when the vehicles arrive later in the decade. We believe they should be sold through a franchised dealership network.

Highlights from the latest Daily Drive podcasts, May 16-19

Highlights from the latest Daily Drive podcasts, May 16-19 https://ift.tt/ESi8Npr

HIghlights from the latest Automotive News' 'Daily Drive' podcasts, May 16-19, hosted by Jamie Butters.

Dodge wants dealerships to embody gearhead persona

Dodge wants dealerships to embody gearhead persona https://ift.tt/CdDATmI

Dodge CEO Tim Kuniskis wants to build a bridge that connects dealership showrooms to the excitement generated by Dodge's irreverent ads, social media outreach and experiential events.

Nissan will put certified pre-owned stamp on non-Nissans

Nissan will put certified pre-owned stamp on non-Nissans https://ift.tt/vpZoncC

The expanded CPO program will generate revenue for Nissan and widen the brand's exposure to new customers.

Infiniti of Denver used valet service to boost business amid product void

Infiniti of Denver used valet service to boost business amid product void https://ift.tt/DjL7oF9

Infiniti of Denver's valet service has boosted service department revenue and lifted customer satisfaction.

Fuccillo Automotive Group sells 10 dealerships in New York

Fuccillo Automotive Group sells 10 dealerships in New York https://ift.tt/KIgQsFa

Wally Darwish in April bought 10 franchised dealerships in New York state from Fuccillo Automotive Group and its president, Billy Fuccillo Jr., including domestic and import stores.

Pent-up vehicle demand could offset loss of shoppers as interest rates rise

Pent-up vehicle demand could offset loss of shoppers as interest rates rise https://ift.tt/90dogYu

Enough pent-up demand for cars exists to offset any potential customers dealerships would lose with rising interest rates, some industry experts say.

EVs are key to GM's reentering Europe, CEO Mary Barra says

EVs are key to GM's reentering Europe, CEO Mary Barra says https://ift.tt/tzGAwKh

GM says it is planning a "nontraditional mobility startup" operation in the region.

Acura, Mazda, Toyota and Chevy dealerships among stores purchased in Q1, Q2 transactions

Acura, Mazda, Toyota and Chevy dealerships among stores purchased in Q1, Q2 transactions https://ift.tt/Z9Gid0l

Dealers buy import, luxury and domestic dealerships across five states in first-quarter and second-quarter transactions.

Market contraction continues in early May

Market contraction continues in early May https://ift.tt/gTvyxr4

April was the worst month for China's auto market since early 2020 as the country shuttered factories to combat fresh COVID-19 cases, undermining logistics and sapping demand.

EVs are key to GM's re-entering Europe, CEO Mary Barra says

EVs are key to GM's re-entering Europe, CEO Mary Barra says https://ift.tt/Zy49m8f

GM says it is planning a "nontraditional mobility startup" operation in the region.

Honda previews 2024 Prologue EV, new retail design

Honda previews 2024 Prologue EV, new retail design https://ift.tt/dSANex9

Honda's all-electric Prologue will leverage GM's Ultium platform and batteries and feature Honda's exterior and interior design.

2023 Genesis GV60 priced just under $60,000; 3 years of charging included

2023 Genesis GV60 priced just under $60,000; 3 years of charging included https://ift.tt/srqfv9X

The 2023 Genesis GV60 electric compact crossover starts at a bit less than $60,000, including shipping. It includes three years of complimentary charging at stations in the Electrify America network.

Gus Machado, Cuban American dealership legend in Florida, dies at 87

Gus Machado, Cuban American dealership legend in Florida, dies at 87 https://ift.tt/z8NLk4O

Gus Machado, an auto dealership icon in Florida, died at age 87 in Miami. He was well known for owning Gus Machado Ford in Hialeah.

Pent-up vehicle demand could offset loss of shoppers as interest rates rise

Pent-up vehicle demand could offset loss of shoppers as interest rates rise https://ift.tt/qrYdimH

Enough pent-up demand for cars exists to offset any potential customers dealerships would lose with rising interest rates, some industry experts say.

VW ID Buzz electric van to start at $57,220 in Germany

VW ID Buzz electric van to start at $57,220 in Germany https://ift.tt/QeWpJt7

Passenger versions of the retro-styled van, which evokes the original air-cooled, rear-engine Microbus, will start at $67,891. Orders open May 20, with the first deliveries this autumn.

Morgan Automotive buys Chevy and Stellantis dealerships in Fla.

Morgan Automotive buys Chevy and Stellantis dealerships in Fla. https://ift.tt/0FiIOVP

Morgan Automotive bought Jim Browne Chrysler-Jeep-Dodge-Ram Tampa Bay and Jim Browne Chevrolet Tampa from dealer Jim Browne.

Carvana's dealer license suspended in Illinois, for now

Carvana's dealer license suspended in Illinois, for now https://ift.tt/e6SZPCX

The Secretary of State's police department opened an investigation into consumer complaints about Carvana in February. The investigation spans about 90 signed complaints.

All eyes on Carvana and other online used-vehicle retailers

All eyes on Carvana and other online used-vehicle retailers https://ift.tt/OMls5yL

Carvana, Shift and Vroom are all dealing with their own issues, but they are all facing turmoil and business headwinds. Still, don't count any of them out.

Chrysler uses #VanLife as a foil to market its Pacifica

Chrysler uses #VanLife as a foil to market its Pacifica https://ift.tt/jxzNUaY

The brand pokes fun at van living influencers in new campaign that plugs high-end Pacifica features.

NADA urges Congress to act on legislation targeting catalytic converter thefts

NADA urges Congress to act on legislation targeting catalytic converter thefts https://ift.tt/Zw0dXUC

The NADA and 12 other trade groups asked a House committee to hold a hearing on legislation known as the Preventing Auto Recycling Theft (PART) Act and to support the measure.

AutoWeb exploring strategic options after disclosing doubt about 'going concern'

AutoWeb exploring strategic options after disclosing doubt about 'going concern' https://ift.tt/7Ho3AbU

The dealership marketing company said management has determined "that it has substantial doubt about the company's ability to continue as a going concern."

Carvana's dealer license suspended in Illinois, for now

Carvana's dealer license suspended in Illinois, for now https://ift.tt/eQvB7Lh

The Secretary of State's police department opened an investigation into consumer complaints about Carvana in February. The investigation spans about 90 signed complaints.

Longing for leasing to return to the level seen before pandemic

Longing for leasing to return to the level seen before pandemic https://ift.tt/qKaeH6h

New-vehicle leasing has dropped by more than 36 percent during the pandemic, for a variety of reasons. But it's in the vested interests of the whole industry to restore leasing to its previous levels when production and inventory stabilize.

Shift puts 2022 focus on improving its liquidity

Shift puts 2022 focus on improving its liquidity https://ift.tt/UMPfcrl

The online used-vehicle retailer said in a quarterly regulatory filing that "substantial doubt" exists about whether it can continue as a going concern.

U.S. vehicle inventory up slightly, but still low

U.S. vehicle inventory up slightly, but still low https://ift.tt/o9JLerx

The inventory level in the U.S. showed only a slight improvement last month, landing at 1.11 million, according to Cox Automotive and the Automotive News Research & Data Center.

Public dealership groups lead 2021 buying spree

Public dealership groups lead 2021 buying spree https://ift.tt/wFbMdiS

Acquisitions by the six major publicly traded dealership groups surged to more than 200 stores in 2021, according to an Automotive News analysis.

How the package on dealership acquisitions in 2021 came about

How the package on dealership acquisitions in 2021 came about https://ift.tt/cMRq6Xi

After collecting and analyzing data on dealership transactions across the country in 2021, Automotive News can more thoroughly tell the story of last year's surging buy-sell market, a phenomenon that is continuing in 2022.

Texas U.S. leader in dealership acquisitions

Texas U.S. leader in dealership acquisitions https://ift.tt/cAXMNGt

Texas was the most popular state in 2021 for dealership buy-sell transactions and also was tops for the number of dealerships sold, according to an analysis of buy-sell data.

Dealership acquisition market not losing steam in 2022

Dealership acquisition market not losing steam in 2022 https://ift.tt/qposLFI

Buy-sell experts predict a robust acquisition market in 2022. Automotive News has so far tracked more transactions in this year's first quarter than in the comparable period a year earlier.

Mercedes-Benz dealership opens driving school for teens to build loyalty

Mercedes-Benz dealership opens driving school for teens to build loyalty https://ift.tt/xbivczL

Since 2014, Mercedes-Benz of Sugar Land in Texas has sent more than 260 teenagers through a driving safety school that uses an array of Mercedes vehicles.

VW dealers want answers on Scout EV brand after being caught off guard

VW dealers want answers on Scout EV brand after being caught off guard https://ift.tt/CIyzGkl

After asking for a pickup for decades, VW dealers were surprised to learn last week that the German automaker would produce a pickup and off-road SUV in the U.S., but under the Scout name — not as a VW.

Driving school for teens helps build loyalty

Driving school for teens helps build loyalty https://ift.tt/CgQN0wn

Since 2014, Mercedes-Benz of Sugar Land in Texas has sent more than 260 teenagers through a driving safety school that uses an array of Mercedes vehicles.

Caught off guard, VW dealers want answers on Scout

Caught off guard, VW dealers want answers on Scout https://ift.tt/zsIi2SL

After asking for a pickup for decades, VW dealers were surprised to learn last week that the German automaker would produce a pickup and off-road SUV in the U.S., but under the Scout name — not as a VW.

Wage lawsuit against Maryland dealer can proceed

Wage lawsuit against Maryland dealer can proceed https://ift.tt/j5OKARD

Employees of Nationwide Motor Sales Corp. in Timonium, Md., will be able to sue the company and its owners in federal court and not seek an arbitrator, the 4th U.S. Circuit Court of Appeals ruled in a 3-0 decision.

Carvana, Vroom and Shift see stock prices, fortunes fall

Carvana, Vroom and Shift see stock prices, fortunes fall https://ift.tt/TR4CbSy

Online used-vehicle retailers Carvana, Vroom and Shift Technologies are facing a reckoning after riding high on consumer and investor interest during the COVID-19 pandemic.

Carvana job cuts trigger market sell-off, staff backlash

Carvana job cuts trigger market sell-off, staff backlash https://ift.tt/hp7vUCa

Carvana Co.'s disclosure that it cut 2,500 employees set off reactions in the stock market and among social media users who said they were employees and that they received little or no heads-up that they would be let go.

Dealership inventories approach 2-month supply in April

Dealership inventories approach 2-month supply in April https://ift.tt/7YsmoIB

New-car dealership vehicle stockpiles rose slightly in April from March, as more than one-third of Chinese cities resorted to full or partial lockdowns to control coronavirus outbreaks, undercutting consumer activity and retail operations.

Upstart seeks to spread indirect auto loan business in Q2, go national Q3

Upstart seeks to spread indirect auto loan business in Q2, go national Q3 https://ift.tt/UY18qGo

Artificial intelligence underwriter and digital auto retail vendor Upstart seeks to facilitate indirect auto lending in four states by the end of this quarter and roll out the capability to dealerships nationally next quarter. The company reported significant first-quarter gains in auto refinancing volume, the other key element of the

700Credit customers must take compliance courses

700Credit customers must take compliance courses https://ift.tt/75bQAJC

Popular auto finance and insurance vendor 700Credit is requiring at least one person at all of its user dealerships to take a short series of compliance courses developed in conjunction with ComplyNet.

Toyota breaks profit records as it shrugs off pandemic, semiconductor shortage

Toyota breaks profit records as it shrugs off pandemic, semiconductor shortage https://ift.tt/aKuYT96

Toyota recorded all-time highs for revenue, operating profit and net income as global group sales advanced 7.6 percent to 8.23 million vehicles in its latest fiscal year.

Toyota breaks profit records as it shrugs off pandemic, semiconductor shortage

Toyota breaks profit records as it shrugs off pandemic, semiconductor shortage https://ift.tt/jd2tZY0

Toyota recorded all-time highs for revenue, operating profit and net income as global group sales advanced 7.6 percent to 8.23 million vehicles in its latest fiscal year.

Shift reduces corporate positions by 10%, pauses Las Vegas expansion

Shift reduces corporate positions by 10%, pauses Las Vegas expansion https://ift.tt/q0jeYia

Online used-vehicle retailer Shift Technologies said it will focus on balancing growth and profitability in 2022.

TrueCar exploring acquisitions as it rolls out digital retailing tool

TrueCar exploring acquisitions as it rolls out digital retailing tool https://ift.tt/ZWlicpJ

TrueCar executives said the vehicle listings company could look at "tuck-in" acquisition opportunities to accelerate its product road map around TrueCar+, its new digital retailing tool.

Mitsubishi bounces back to profitability

Mitsubishi bounces back to profitability https://ift.tt/Ocgi2Tf

Rebounding Mitsubishi Motors Corp. stepped up its recovery in the latest quarter, bouncing back to profitability on better sales and beneficial foreign exchange rates.

VW's CEO Herbert Diess sees tight race with Tesla for EV crown by 2025

VW's CEO Herbert Diess sees tight race with Tesla for EV crown by 2025 https://ift.tt/JyW39qZ

Tesla is stronger than expected, VW Group Herbert Diess CEO said. "It will be a tight race but we will not give up on it."

Mercedes is virtually sold out of EVs

Mercedes is virtually sold out of EVs https://ift.tt/Eqx0TkP

Mercedes is developing a full-electric architecture for its high-performance AMG brand, CEO Kallenius said.

Lithia Subaru in Oregon faces lawsuit alleging racial discrimination, hostile work environment

Lithia Subaru in Oregon faces lawsuit alleging racial discrimination, hostile work environment https://ift.tt/07O8vlA

Tobias Ray, finance manager at the Oregon dealership, filed a lawsuit alleging he was subjected to racial discrimination and a hostile work environment.

Increased EV interest boosts Bank of America

Increased EV interest boosts Bank of America https://ift.tt/YvcaKHV

Bank of America has experienced growth in its auto lending portfolio and has seen increased consumer interest in EVs and hybrids.

‘Time right now' to prepare for new data rules

‘Time right now' to prepare for new data rules https://ift.tt/3z7uyBM

Dealers need to start planning now and enacting new guidelines as the December deadline for compliance for the new Safeguards Rule fast approaches.

In Detroit, Magna and Lear see ‘a golden opportunity'

In Detroit, Magna and Lear see ‘a golden opportunity' https://ift.tt/3HGXc2w

Two of the largest automotive seating suppliers are building out new plants here and looking to joint ventures to capture more business from automakers increasingly conscious of their spending with minority-owned companies.

Mechanic killed; Jeep owner who wasn't there sued

Mechanic killed; Jeep owner who wasn't there sued https://ift.tt/dXcQIJR

The vehicle that killed David Hawkins was being driven by a co-worker who didn't know how to operate a stick shift, but state law prevents his family from suing the dealership directly.

Carfax can make or break a vehicle's next stop

Carfax can make or break a vehicle's next stop https://ift.tt/ImZXywO

Scott Fredericks, vice president of marketing for Carfax, discusses how consumers use the company's reports and what their top priorities are when scrutinizing a vehicle.

Jaguar Land Rover CEO Joe Eberhardt: New Range Rovers to pull dealers through shift

Jaguar Land Rover CEO Joe Eberhardt: New Range Rovers to pull dealers through shift https://ift.tt/FsnBQr7

CEO Joe Eberhardt says that, despite production challenges and various other headwinds, JLR is enjoying positive momentum.

New York dealership group sees big business in commercial trucks

New York dealership group sees big business in commercial trucks https://ift.tt/FbsWomw

The Basil dealerships near Buffalo, N.Y., are working to sell more commercial trucks and vans. And these days, that requires a new mindset.

New Range Rovers to pull JLR dealers through shift

New Range Rovers to pull JLR dealers through shift https://ift.tt/UhpFdxB

CEO Joe Eberhardt says that, despite production challenges and various other headwinds, JLR is enjoying positive momentum.

Commercial trucks are hot for Buffalo market multistore dealer

Commercial trucks are hot for Buffalo market multistore dealer https://ift.tt/862fDoq

The Basil dealerships near Buffalo, N.Y., are working to sell more commercial trucks and vans. And these days, that requires a new mindset.

Conscious effort key to diverse staff, dealer says

Conscious effort key to diverse staff, dealer says https://ift.tt/mgFaSsM

It requires an intentional mindset from leadership to set the tone throughout a company, says Frank Williams, who owns four dealerships in Alabama and Tennessee.

Wholesale used-car prices fell in April, marking third month of decline

Wholesale used-car prices fell in April, marking third month of decline https://ift.tt/OymP2J1

Wholesale used-vehicle prices ticked down in April, marking three full months of cooldown, after a long stretch of record elevation last year.

CarBravo used-car online sales platform gives GM options

CarBravo used-car online sales platform gives GM options https://ift.tt/q7xrOlF

More than 800 dealerships have signed up for the used-vehicle platform so far, and the automaker hopes to have at least 1,200 when it begins opening regional distribution centers this summer.

Ford, Nissan dealerships sell in four states

Ford, Nissan dealerships sell in four states https://ift.tt/WjNaYJg

Serra Automotive Inc., Krause Auto Group and first-time franchised dealership buyers were among purchasers of stores in first-quarter and second-quarter transactions.

CarBravo used-car online sales platform gives GM options

CarBravo used-car online sales platform gives GM options https://ift.tt/WK2BXRS

More than 800 dealerships have signed up for the used-vehicle platform so far, and the automaker hopes to have at least 1,200 when it begins opening regional distribution centers this summer.

Cars.com posts lower profit, higher revenue in Q1

Cars.com posts lower profit, higher revenue in Q1 https://ift.tt/FK9Scre

Dealership technology company Cars.com reported 19,500 dealership customers as of March 31, the highest count in more than three years, CEO Alex Vetter said.

BYD sales rally rolls on

BYD sales rally rolls on https://ift.tt/rbWYfnS

Sales at BYD rallied 134 percent year over year to 106,042 in April after the largest Chinese electrified-vehicle maker phased out production of gasoline vehicles in March.

Public dealership groups grow digital sales, create new online tools

Public dealership groups grow digital sales, create new online tools https://ift.tt/BTvkhzl

Some of the nation's public dealership groups said they sold thousands of vehicles on their digital sales platforms in the first quarter, while others expanded new tools to more customers.

BYD sales rally rolls on after end of gasoline vehicle output

BYD sales rally rolls on after end of gasoline vehicle output https://ift.tt/2MRaFXn

Sales at BYD Co. rallied 134 percent year over year to 106,042 in April after the largest Chinese electrified-vehicle maker phased out production of gasoline vehicles the previous month.

Public dealership groups grow digital sales, create new online tools

Public dealership groups grow digital sales, create new online tools https://ift.tt/EzTCjUX

Some of the nation's public dealership groups said they sold thousands of vehicles on their digital sales platforms in the first quarter, while others expanded new tools to more customers.

AutoNation prefers acquisition to create captive finance company

AutoNation prefers acquisition to create captive finance company https://ift.tt/aD9Fwrm

Growing used vehicle-only AutoNation USA needs the flexibility of an internal captive finance arm, CEO says.

Toyota, Ford, Honda, Hyundai, Kia sales fall by double digits again as chip woes linger

Toyota, Ford, Honda, Hyundai, Kia sales fall by double digits again as chip woes linger https://ift.tt/QyePOnj

U.S. new-vehicle sales are expected to fall around 20 percent in April, analysts predict, as automakers struggle to rebuild depleted dealer inventories amid chronic microchip shortages and other supply chain hurdles.

KAR Global close to finalizing ADESA U.S. sale to Carvana

KAR Global close to finalizing ADESA U.S. sale to Carvana https://ift.tt/iAUraOH

KAR expects to finalize the sale of ADESA to Carvana within the next week. KAR CEO Peter Kelly confirmed the timeframe in the company's first-quarter earnings release. KAR also reported an $8.4 million net loss in the quarter.

Penske nabs Hyundai-Genesis location near Indianapolis; Lithia adds Ontario store

Penske nabs Hyundai-Genesis location near Indianapolis; Lithia adds Ontario store https://ift.tt/YcEPrfL

Penske Automotive Group Inc. and Lithia Motors Inc. each announced new single-store acquisition deals.

Penske nabs Hyundai-Genesis location near Indianapolis; Lithia adds Ontario store

Penske nabs Hyundai-Genesis location near Indianapolis; Lithia adds Ontario store https://ift.tt/2jgioIy

Penske Automotive Group Inc. and Lithia Motors Inc. each announced new single-store acquisition deals.

More dealerships choosing to accept cryptocurrency

More dealerships choosing to accept cryptocurrency https://ift.tt/J5tMqeS

Jeff Wyler Automotive Family, with 23 dealerships in three states, completed its first vehicle transaction using cryptocurrency in April at a store in Kentucky.

Toyota, Honda, Hyundai, Kia sales fall by double digits again as chip woes linger

Toyota, Honda, Hyundai, Kia sales fall by double digits again as chip woes linger https://ift.tt/rTIYsEn

U.S. new-vehicle sales are expected to fall around 20 percent in April, analysts predict, as automakers struggle to rebuild depleted dealer inventories amid chronic microchip shortages and other supply chain hurdles.

Toyota, Hyundai, Kia sales fall by double digits again as chip woes linger

Toyota, Hyundai, Kia sales fall by double digits again as chip woes linger https://ift.tt/ahyNwWl

U.S. new-vehicle sales are expected to fall around 20 percent in April, analysts predict, as automakers struggle to rebuild depleted dealer inventories amid chronic microchip shortages and other supply chain hurdles.

Hyundai, Kia sales fall by double digits again as chip woes linger

Hyundai, Kia sales fall by double digits again as chip woes linger https://ift.tt/QhXjbJO

U.S. new-vehicle sales are expected to fall around 20 percent in April, analysts predict, as automakers struggle to rebuild depleted dealer inventories amid chronic microchip shortages and other supply chain hurdles.

Toyota is running out of EV tax credits

Toyota is running out of EV tax credits https://ift.tt/tJi5nlC

Toyota is inching closer to using up a tax credit for hybrid and electric vehicles, a milestone the automaker argues raises its costs.

Bright paint can be a stolen converter alert

Bright paint can be a stolen converter alert https://ift.tt/zwfce1x

Dealerships can help their customers and law enforcement by offering to paint catalytic converters with high-visibility, high-temperature paint and etch the last eight digits of the VIN into them.

Lawyer wants apology for Kia promo mailer

Lawyer wants apology for Kia promo mailer https://ift.tt/LWG87zo

Instead of $15,000 that the man says an ad suggested he had won, the store gave him a $1 scratch-off lottery ticket.

Jeep-focused showrooms can fuel brand growth, CEO says

Jeep-focused showrooms can fuel brand growth, CEO says https://ift.tt/yeh4Qqf

CEO Christian Meunier says he hopes seeing their peers succeed could motivate more Jeep dealers to make the leap.

Dealer anniversaries

Dealer anniversaries https://ift.tt/CPQTrn7

Dealers featured this week include Richard Parker, Beth Parker Henry and Randall Parker of the Parker Auto Group in Morehead City, N.C.; and Ryan Rohrman, CEO of Rohrman Auto Group.

Carvana down but far from out

Carvana down but far from out https://ift.tt/Ji13FW2

The used-car giant has hit some profitability snags and is in the midst of a major stock slump. However, it still can become a force in this industry.