Think of tomorrow's new-vehicle buyer

Think of tomorrow's new-vehicle buyer https://ift.tt/gkYpW8O

Automakers should give young, first-time car buyers something affordable to aspire to, writes an Automotive News reader in a letter to the editor.

At public retailers, inventory still hasn't turned a corner

At public retailers, inventory still hasn't turned a corner https://ift.tt/qHoW9Zh

Although all six major public franchised retailers in late July reported that new-vehicle days' supply level improved between the end of March and the end of June, company leaders said they believe the constrained inventory situation has yet to turn a corner toward lasting recovery.

 

 

Time to listen to FTC and clean up

Time to listen to FTC and clean up https://ift.tt/gAK5ZRY

Dealers need to embrace Federal Trade Commission proposals and change how cars are sold in this country, writes an Automotive News reader in a letter to the editor.

To sell more used vehicles online, groups create brands

To sell more used vehicles online, groups create brands https://ift.tt/Gm3XMRU

Some dealership groups are creating standalone brands as they launch new online sales tools with the goal of reaching new customers and diversifying operations.

Firebug cites bad Jeep motor for 36-year grudge

Firebug cites bad Jeep motor for 36-year grudge https://ift.tt/oB9RyLH

An Indiana man said he torched four vehicles to get back at a dealership for not fixing his troublesome engine in 1986.

Dealership gives Batmobile to fallen police officer's son

Dealership gives Batmobile to fallen police officer's son https://ift.tt/e0S9vRb

A Michigan dealership gave the teen a 2018 Malibu he picked out, decorating it with a giant Batman logo in honor of his father, who was killed on the job last month.

Higher pricing a speed bump for Sonic, Penske used-only stores

Higher pricing a speed bump for Sonic, Penske used-only stores https://ift.tt/xfhd1eQ

Elevated used-vehicle pricing continues to pose a challenge to the used-only vehicle ventures of Sonic Automotive and Penske Automotive Group.

Larry H. Miller stores push Asbury to record Q2 net income

Larry H. Miller stores push Asbury to record Q2 net income https://ift.tt/pYZxIEB

Asbury Automotive Group generated record net income of $201.4 million during the second quarter, bolstered by dozens of new Larry H. Miller Dealerships locations it purchased at the end of 2021.

Sonic's Q2 net income slips 17% on lower vehicle sales

Sonic's Q2 net income slips 17% on lower vehicle sales https://ift.tt/LAOyH8w

Sonic Automotive ended a strategic review of its EchoPark used vehicle-only stores and is backing off revenue and other goals for the unit for 2025 amid current conditions.

Tool keeps shoppers on dealership website

Tool keeps shoppers on dealership website https://ift.tt/9jgLCzm

The tool is fostering engagement with online shoppers and helping the store sell more accessories, managers say.

Rivian takes on the challenge for EV startups — service centers

Rivian takes on the challenge for EV startups — service centers https://ift.tt/jBgv2AV

Rivian is expanding its service centers in the U.S. and opening its first store in Canada as sales rise. EV startups face service challenges compared with legacy automakers.

Reynolds and Reynolds acquisition bolsters IT offerings

Reynolds and Reynolds acquisition bolsters IT offerings https://ift.tt/PUJCGgE

Leaders of the two companies said they began speaking about a potential acquisition in March.

Former automotive group partner charged with murder for hire

Former automotive group partner charged with murder for hire https://ift.tt/ZFWS6l3

A federal grand jury has indicted Erik Charles Maund, 47, a former partner at Maund Automotive Group, and three other individuals on murder-for-hire charges.

Stellantis, Mazda and Ford dealerships acquired in 4 states

Stellantis, Mazda and Ford dealerships acquired in 4 states https://ift.tt/HrOXp2b

Four dealership groups, including a growing retailer from Canada, completed second- and third-quarter transactions across four states.

Larry H. Miller stores push Asbury to record Q2 net income

Larry H. Miller stores push Asbury to record Q2 net income https://ift.tt/gyjmtfV

Asbury Automotive Group generated record net income of $201.4 million during the second quarter, bolstered by dozens of new Larry H. Miller Dealerships locations it purchased at the end of 2021.

Sonic's Q2 net income slips 17% on lower vehicle sales

Sonic's Q2 net income slips 17% on lower vehicle sales https://ift.tt/FAt0dcO

Sonic Automotive ended a strategic review of its EchoPark used vehicle-only stores and is backing off revenue and other goals for the unit for 2025 amid current conditions.

Sonic Automotive ends strategic review of EchoPark used-car unit with no action

Sonic Automotive ends strategic review of EchoPark used-car unit with no action https://ift.tt/igl9hD6

Sonic Automotive ended a strategic review of its EchoPark used-vehicle-only stores and is backing off revenue and other goals for the unit for 2025 amid current conditions.

Group 1 posts record revenue, gross profit in Q2 on U.S. growth

Group 1 posts record revenue, gross profit in Q2 on U.S. growth https://ift.tt/uSHyRzo

The Houston-based dealership group said net income rose 2.6 percent to $195.9 million and revenue rose 14 percent to a record $4.15 billion.

David Rosenberg and partners buy Nissan, VW dealerships in Massachusetts

David Rosenberg and partners buy Nissan, VW dealerships in Massachusetts https://ift.tt/h6j47W2

New England dealer David Rosenberg and partners have purchased two dealerships in second-quarter transactions to grow Rosenberg's DSR Motor Group to eight stores.

Group 1 posts record revenue, gross profit in Q2 on U.S. growth

Group 1 posts record revenue, gross profit in Q2 on U.S. growth https://ift.tt/5YAFmhV

The Houston-based dealership group said net income rose 2.6 percent to $195.9 million and revenue rose 14 percent to a record $4.15 billion.

What new tech ideas do you see in retail?

What new tech ideas do you see in retail? https://ift.tt/Tb9d2I1

Help Automotive News stay up to date on the latest technology and trends affecting dealerships.

What's your latest car-selling tech?

What's your latest car-selling tech? https://ift.tt/fT4jG7c

Help Automotive News stay up to date on the latest technology and trends affecting dealerships.

Honda, Ford, Stellantis, GMC dealerships sell in 4 states

Honda, Ford, Stellantis, GMC dealerships sell in 4 states https://ift.tt/owWHTQX

Morgan Automotive Group was among the buyers in first- and second-quarter acquisitions that expanded four dealership groups across four states.

AutoWeb to be acquired by conglomerate One Planet Group

AutoWeb to be acquired by conglomerate One Planet Group https://ift.tt/AsgFB0c

AutoWeb CEO Jared Rowe will leave the business after the transaction closes and will be paid $1.75 million in installments, with the payout to be completed by March 15. One Planet Group CEO Payam Zamani will replace him.

Reporting sales early can get out of hand

Reporting sales early can get out of hand https://ift.tt/I0z5NpJ

Automotive News is right to demand an end to General Motors' policy on reporting vehicle sales, writes a reader in a letter to the editor.

Dealer anniversaries

Dealer anniversaries https://ift.tt/OXVixfk

Dealers featured this week include Neil and James Patrick, dealer principals of Patrick Subaru in Shrewsbury, Mass.; and Miles Brandon, dealer principal of Capistrano Volkswagen in San Juan Capistrano, Calif.

OBITUARY: Rosario Criscuolo

OBITUARY: Rosario Criscuolo https://ift.tt/pz70fGi

Longtime auto dealer Rosario Criscuolo died July 15 at 71 in Brighton, Mich. He was dealer principal of two Toyota dealerships and two Lexus stores.

LMP taps BofA Securities to explore options

LMP taps BofA Securities to explore options https://ift.tt/YTe3cJQ

LMP Automotive Holdings Inc. in July fired its CFO and said it plans to sell a Stellantis dealership in New York. The company also has hired BofA Securities to help it explore strategic options for the company.

Ax man adds to dealers' inventory shortage

Ax man adds to dealers' inventory shortage https://ift.tt/2e31ErQ

A South Dakota man spent the day he was released from prison smashing 18 vehicles at two dealerships, police said.

Automotive News LinkedIn Live: The FTC's proposed crackdown on dealership online advertising and F&I

Automotive News LinkedIn Live: The FTC's proposed crackdown on dealership online advertising and F&I https://ift.tt/Glpdr1y

Bring your questions to a conversation about the Federal Trade Commission's proposed new rules for dealership online advertising and F&I offices.

Cybersecurity compliance plan is crucial

Cybersecurity compliance plan is crucial https://ift.tt/NbABgm4

With tougher Gramm-Leach-Bliley Act regulations coming, dealerships can take steps to establish or improve their IT and cybersecurity programs, both to meet new regulations and to support their businesses.

Minority car dealer ranks grow

Minority car dealer ranks grow https://ift.tt/kw51aXt

After automakers redoubled their commitments in the wake of George Floyd's murder in Minneapolis, the industry achieved its biggest gain in minority-owned dealerships in more than a decade.

Ford, Chevy and Mitsubishi dealerships change hands in Q1, Q2 transactions

Ford, Chevy and Mitsubishi dealerships change hands in Q1, Q2 transactions https://ift.tt/r23H8Sp

Dealership groups and a dealer bought single stores in first-quarter and second-quarter transactions across four states.

Lithia ahead of AutoNation in new-vehicle sales race

Lithia ahead of AutoNation in new-vehicle sales race https://ift.tt/WkAeczS

Lithia Motors is well ahead of AutoNation in new-vehicle sales through the first half of 2022 and could overtake the longtime No. 1 for the full year.

AutoNation Q2 net income slips amid CIG acquisition

AutoNation Q2 net income slips amid CIG acquisition https://ift.tt/tYcsbxr

AutoNation's net income slipped in the second quarter as sales of new and used vehicles dropped.

Public comments show overwhelming support for FTC car dealer rules

Public comments show overwhelming support for FTC car dealer rules https://ift.tt/h5KdBIl

As the FTC began collecting public comments on proposed rules for dealership advertising and finance and insurance offices, the National Automobile Dealers Association and the American Financial Services Association are seeking an extension of the comment period.

Lithia's Q2 net income rises despite drop in new-vehicle sales

Lithia's Q2 net income rises despite drop in new-vehicle sales https://ift.tt/ZseOWS7

Despite a decline in new-vehicle sales, Lithia Motors Inc.'s second-quarter net income increased thanks to higher used-vehicle sales and double-digit percentage gains in gross profit per new vehicle, finance and insurance revenue and climbing average vehicle selling prices for both new and used vehicles.

NYC says two Brooklyn dealerships ‘ripped off' customers, will pay $800K in settlements

NYC says two Brooklyn dealerships ‘ripped off' customers, will pay $800K in settlements https://ift.tt/sgKAWui

Brooklyn Mitsubishi and Brooklyn Volkswagen were accused of several deceptive business practices in New York.

Lithia Motors buys Ford dealership, sells Toyota store

Lithia Motors buys Ford dealership, sells Toyota store https://ift.tt/qhTvDsj

Lithia Motors expanded its presence in northern California with the purchase of a standalone Ford dealership last week.

Aston Martin updates wings logo, launches new brand campaign

Aston Martin updates wings logo, launches new brand campaign https://ift.tt/J7pGAm1

With competition increasing, electrification coming and Aston Martin moving into new segments, the British ultraluxury brand is rolling out a new global marketing campaign centered around the words "Intensity. Driven."

Canadian retailer Foundation Automotive enters Tennessee with purchase of four dealerships

Canadian retailer Foundation Automotive enters Tennessee with purchase of four dealerships https://ift.tt/d9gScs3

Foundation Automotive Corp. expanded into Tennessee last week, buying three domestic dealerships and one import store.

Ally Financial sees bright side despite Q2 drop

Ally Financial sees bright side despite Q2 drop https://ift.tt/xVfG2Hc

Ally wrote $13.3 billion in auto loans and leases during the second quarter, a 2.3 percent increase from a year earlier and the highest quarterly origination value since 2006. But the lender said accounting rules required it to set aside money as a provision against these loans losing money, which contributed to its 50 percent drop in auto finance income.

Will more troubled global brands follow Jeep and shutter China plants?

Will more troubled global brands follow Jeep and shutter China plants? https://ift.tt/YWorn4d

Jeep was among the first international auto brands to enter China, widely recognized to have huge potential, and yet now Jeep is shutting down its only plant in the world's largest market.

A quarter of consumers likely to go electric, AAA survey says

A quarter of consumers likely to go electric, AAA survey says https://ift.tt/nlLd3zf

AAA said 77 percent of respondents indicated a strong desire to save on fuel costs.

Carvana license suspended again in Illinois

Carvana license suspended again in Illinois https://ift.tt/NwGx1Qu

Illinois said it suspended sales again because Carvana was not transferring titles within 20 days of sale nor issuing Illinois temporary registrations to Illinois buyers.

Rosenthal Automotive Organization buys Honda, Acura, Mazda and Hyundai-Genesis dealerships

Rosenthal Automotive Organization buys Honda, Acura, Mazda and Hyundai-Genesis dealerships https://ift.tt/L1oWrYk

Rosenthal Automotive Organization purchased four dealerships in the Philadelphia area last month.

EV manufacturers rank behind other premium brands in customer service, survey finds

EV manufacturers rank behind other premium brands in customer service, survey finds https://ift.tt/FQ8YLpw

Electric vehicle-only automakers are trailing other premium brands in shopping experience satisfaction, a new report from retail service tracker Pied Piper found.

Outdated allocation to blame for preselling

Outdated allocation to blame for preselling https://ift.tt/DJ29ZVz

General Motors' forecasting and allocation system is a 1980s antiquated "12-month rearview mirror system", writes an Automotive News reader in a letter to the editor.

How will direct sales reshape industry?

How will direct sales reshape industry? https://ift.tt/g9o2X45

An Automotive News reader wonders if direct vehicle sales would mean lower sticker prices or just increased OEM revenue and profits.

Cheaper loans on EVs are possible, startup Tenet says

Cheaper loans on EVs are possible, startup Tenet says https://ift.tt/QErWutb

The marketplace is overpricing electric vehicle loans, according to a startup which says its EV depreciation projections support more affordable financing terms for consumers. Tenet co-founder and CEO Alex Liegl told his company's EV borrowers save more than $200 a month.

Lenders grow more active in sales process

Lenders grow more active in sales process https://ift.tt/8O9QxYW

Cox research finds 47% of customers would buy a car online through their chosen lender.

CDK Global charts future with new ownership and leadership

CDK Global charts future with new ownership and leadership https://ift.tt/MQh2nAU

Former CDK Global CEO Brian MacDonald, who has rejoined the company as acting CEO, said CDK will invest in technology and continue dealership support.

Carvana pressured to cut costs amid waning used-car demand

Carvana pressured to cut costs amid waning used-car demand https://ift.tt/Wnv3EZt

With consumer confidence falling and the Federal Reserve raising interest rates to fight inflation, online used-car sellers may see little growth in demand in the coming quarters.

FTC needs better insights before adding new rules

FTC needs better insights before adding new rules https://ift.tt/s6o4TzW

Parts of the FTC's dealer compliance rule could make car-buying more transparent and streamlined, but some of the additional disclosures and restrictions could interfere with improvements already seen in retail practices with the growth of online sales.

Prepare now for new privacy rules

Prepare now for new privacy rules https://ift.tt/gtGqaRV

Financial institutions, including auto lenders, will be required to demonstrate a robust security system and close any holes, under amended rules adopted by the Federal Trade Commission.

Cost cutting the priority for Carvana, peers

Cost cutting the priority for Carvana, peers https://ift.tt/kLiSFmX

With consumer confidence falling and the Federal Reserve raising interest rates to fight inflation, online used-car sellers may see little growth in demand in the coming quarters.

Why a Subaru dealer says ‘no thanks’ to nonlocal buyers willing to pay more

Why a Subaru dealer says ‘no thanks’ to nonlocal buyers willing to pay more https://ift.tt/EYcW74a

Tight inventories and high consumer demand mean consumers are scouring the nation for particular vehicles. At Capitol Subaru of Salem in Oregon, which is selling at sticker price, the priority is always selling to locals first — even if it means saying no to a customer willing to pay more.

Subscriptions for car upgrades are madness

Subscriptions for car upgrades are madness https://ift.tt/xv351Og

Automakers should stop pursuing the wrongheaded notion that consumers will pay more to temporarily unlock added functionality on their vehicles, especially if the equipment needed to enable that functionality is already included.

High-performance Chevy Corvette Z06 to start at more than $106,000

High-performance Chevy Corvette Z06 to start at more than $106,000 https://ift.tt/wP0cHB6

Chevy said the 2023 Chevrolet Corvette Z06 will start at $106,395, about $40,000 more than the base Stingray.

High-performance Chevy Corvette Z06 to start at more than $106,000

High-performance Chevy Corvette Z06 to start at more than $106,000 https://ift.tt/KRULNEr

Chevy said the 2023 Chevrolet Corvette Z06 will start at $106,395, about $40,000 more than the base Stingray.

Groups acquire Stellantis, Ford, Volkswagen and Genesis dealerships

Groups acquire Stellantis, Ford, Volkswagen and Genesis dealerships https://ift.tt/FxNTrkI

Four growing dealership groups acquired stores in first-quarter and second-quarter acquisitions.

VinFast opens Calif. stores to draw EV buyers from Tesla, legacy automakers

VinFast opens Calif. stores to draw EV buyers from Tesla, legacy automakers https://ift.tt/tAq98o3

Vietnam's VinFast opens its first six stores in California on the way to delivering two electric crossovers in the U.S. this year. Executive Craig Westbrook says the newcomer will need to gain consumer trust in product and service.

Toyota, Stellantis dealerships bought by Graham Ourisman Automotive

Toyota, Stellantis dealerships bought by Graham Ourisman Automotive https://ift.tt/nJbdIPG

The growing Graham Ourisman Automotive partnership bought two stores in suburban Washington, D.C., last week.

Morrie's Auto Group adds Chevy and Stellantis dealerships

Morrie's Auto Group adds Chevy and Stellantis dealerships https://ift.tt/u2hZ48i

Morrie's Auto Group of suburban Minneapolis expanded its presence in the area with an acquisition this month of domestic dealerships.

Vroom to pay $87K fine over vehicle title transfer delays in Fla.

Vroom to pay $87K fine over vehicle title transfer delays in Fla. https://ift.tt/jQyBPXE

The complaint, filed in early June by the Florida Department of Highway Safety and Motor Vehicles, alleged that Vroom failed to transfer vehicle titles to consumers within 30 days of the date of sale.

Group 1 Automotive buys Mercedes-Benz, Jaguar-Land Rover and Volvo dealerships

Group 1 Automotive buys Mercedes-Benz, Jaguar-Land Rover and Volvo dealerships https://ift.tt/7onAFGJ

Group 1 Automotive Inc. acquired three luxury dealerships in Shreveport, La. It also said it sold stores in the second quarter in Texas and Massachusetts.

FTC's proposed rules on car dealer ads, F&I would hurt customers, independent dealers say

FTC's proposed rules on car dealer ads, F&I would hurt customers, independent dealers say https://ift.tt/Yxr3XAf

The independent dealer trade group estimates compliance would require at least $1.4 billion during the next 10 years, "driving up prices for consumers and making the car-buying process longer and more difficult."

Online tools push car dealerships forward, help customers

Online tools push car dealerships forward, help customers https://ift.tt/MXa8745

Brian Kramer left his role as general manager of Germain Toyota of Naples in Florida last month to join Cars.com as executive vice president and general manager of Accu-Trade.

Cybertruck: What happened to style?

Cybertruck: What happened to style? https://ift.tt/Dq1Bodc

In a letter to the editor, an Automotive News reader wonders if styling is still a consideration among new-car buyers.

Dealer anniversaries

Dealer anniversaries https://ift.tt/nJU6LoW

Dealers featured this week include Michael Lynch Jr., dealer principal of Lynch Toyota in Manchester, Conn.; and Trey Rodgers, general manager of Brown’s Fairfax Mazda in Virginia.

40 Under 40: What you don't know about the honorees

40 Under 40: What you don't know about the honorees https://ift.tt/ERWZaSf

Here are a few things you might be surprised to learn about about our 2022 40 Under 40 honorees.

Young auto retailers value chance to advance, improve skills

Young auto retailers value chance to advance, improve skills https://ift.tt/LZrG7BT

Young auto dealership leaders who have been recognized as 40 Under 40 recipients say they value mentoring and professional development and generally believe their employers support their career growth.

Highlights from the latest Daily Drive podcasts, July 6-8

Highlights from the latest Daily Drive podcasts, July 6-8 https://ift.tt/1fJiaGm

Highlights from the latest episodes of 'Daily Drive', Automotive News' weekday podcast, July 6-8, hosted by Jamie Butters with Kellen Walker.

Considering a pay platform? Take a test drive

Considering a pay platform? Take a test drive https://ift.tt/aCoOB0b

Digital payment platforms may be appealing to dealerships to buy vehicles or reimburse customers but they may need to first fine-tune their processes to keep promise of "instant" payment.

Nothing to fear but recession talk

Nothing to fear but recession talk https://ift.tt/HfID5jp

In times of great turmoil, economic statistics do not provide the same clarity or certainty that they can in steadier states.

Yes, a car must be delivered to count as sold

Yes, a car must be delivered to count as sold https://ift.tt/om4M12P

General Motors enacted a common-sense policy this month that prohibits its dealers from reporting new vehicles as sold until they've actually been delivered to customers. All dealers should already be doing this, regardless of brand or automaker.

Dealership groups turn to Venmo, Zelle to pay customers for used cars

Dealership groups turn to Venmo, Zelle to pay customers for used cars https://ift.tt/7ES1FzT

Digital payment platforms are being used at some of the nation's largest dealership groups as an option vehicle sellers can select to receive payments.

Jaguar Land Rover dealership boosts sales during facility upgrade with competition

Jaguar Land Rover dealership boosts sales during facility upgrade with competition https://ift.tt/aK3SOn0

During a facility upgrade that forced managers and salespeople to work in trailers, Jaguar Land Rover Norwood in Massachusetts created a game to boost morale and increase sales.

How a team competition boosted JLR dealership's sales

How a team competition boosted JLR dealership's sales https://ift.tt/X0Qgq6e

During a facility upgrade that forced managers and salespeople to work in trailers, Jaguar Land Rover Norwood in Massachusetts created a game to boost morale and increase sales.

Groups offer Zelle, Venmo as ways to pay

Groups offer Zelle, Venmo as ways to pay https://ift.tt/SI3dK8k

Digital payment platforms are being used at some of the nation's largest dealership groups as an option vehicle sellers can select to receive payments.

California dealer agrees to $2.5 million settlement of ringless voicemail lawsuit

California dealer agrees to $2.5 million settlement of ringless voicemail lawsuit https://ift.tt/W7bJjnm

The allegations against Moss Brothers Auto Group claim the company continuously used ringless voicemails that amounted to "aggressive unsolicited marketing."

Wholesale used-vehicle prices fall in June, with smaller increases forecast for second half of 2022

Wholesale used-vehicle prices fall in June, with smaller increases forecast for second half of 2022 https://ift.tt/R7fghD6

The Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim's U.S. auctions, fell 1.3 percent in June compared with May.

Automakers, suppliers, retailers grapple with Wall Street's bearish first half

Automakers, suppliers, retailers grapple with Wall Street's bearish first half https://ift.tt/xwUJsg9

Market volatility is expected to continue through at least next year and economic experts are predicting a recession in the first half of 2023.

Toyota, Nissan, Kia and Chevy dealerships acquired in four states

Toyota, Nissan, Kia and Chevy dealerships acquired in four states https://ift.tt/W2fQkM8

Four dealership groups bought dealerships in separate second-quarter transactions to grow their portfolios.

Number of newly registered EVs doubles in first half

Number of newly registered EVs doubles in first half https://ift.tt/sCDhJuA

Chinese consumers have increasingly opted for electrified vehicles over traditional cars and light trucks, according to the latest vehicle registration data from China’s Ministry of Public Security.

Honda deliveries rebound; Nissan, Volvo declines shrink

Honda deliveries rebound; Nissan, Volvo declines shrink https://ift.tt/btOunKT

Sales at the Honda brand roared back to life in June amid a rebound in the overall Chinese new-vehicle market, while Nissan and Volvo sales dropped, but at a slower pace.

Biweekly car payment provider AutoPayPlus seeing a boom

Biweekly car payment provider AutoPayPlus seeing a boom https://ift.tt/COytUdz

Customers seem to appreciate the opportunity for a more frequent payment schedule than monthly, based on the growth one biweekly and weekly payment divider recently described.

Tech changes are reshaping auto retail — and dealer franchise laws

Tech changes are reshaping auto retail — and dealer franchise laws https://ift.tt/eWtYwsm

Some state dealer associations have pushed for legislative changes to dealer franchise laws to address such emerging areas as over-the-air service updates and vehicle reservations.

The FTC wants to hear from you, the dealers at home

The FTC wants to hear from you, the dealers at home https://ift.tt/zS4520X

Citing repeated complaints from consumers, the Federal Trade Commission last month proposed 14 pages of new regulatory language targeting car dealership bait-and-switch advertising and certain finance and insurance business practices.

What past and current 40 Under 40 honorees are looking for in their careers

What past and current 40 Under 40 honorees are looking for in their careers https://ift.tt/Bok769g

Dealership leaders honored since the 40 Under 40 program began in 2012 say they value mentorship and professional development and consider pay and work-life balance among the top factors that affect their job satisfaction.

Car insurance quote vendor Polly sees potential in Driven Data analytics, rising interest rates

Car insurance quote vendor Polly sees potential in Driven Data analytics, rising interest rates https://ift.tt/OW4NhlY

Polly's acquisition of marketing and analytics firm Driven Data Technology will let it find the optimal time for it and dealerships to pitch auto insurance to a customer shopping for a car, the company's COO said.

Group 1 completes sale of Brazilian operations

Group 1 completes sale of Brazilian operations https://ift.tt/iB7PXwF

Group 1 CEO Earl Hesterberg has said the Houston-based public dealership group faced difficulties in growing the Brazil operations.

Why the FTC is issuing car dealer rules now

Why the FTC is issuing car dealer rules now https://ift.tt/8YPwM2r

The FTC already can take legal action if dealerships violate the federal prohibition on unfair or deceptive acts or practices. But the government's path to catching violations becomes easier if a behavior is specifically defined as illegal in a regulation.

App puts service, repair info right in techs' hands

App puts service, repair info right in techs' hands https://ift.tt/Eq068S5

The app enables techs to use machine learning and natural language understanding to perform their work with a higher degree of accuracy by accessing manufacturer information on the vehicle they are getting ready to service.

EV standoff like TV standoff

EV standoff like TV standoff https://ift.tt/ECxg9kS

The transition to EVs reminds one Automotive News reader of the standoff in the television industry when TVs went from black and white to color.

Quality setbacks warrant closer industry scrutiny

Quality setbacks warrant closer industry scrutiny https://ift.tt/8JSOrBD

A new J.D. Power study has found new-vehicle quality scores have hit a 36-year low, with six of the 10 problem areas related to infotainment.

Automotive News' 40 Under 40 build careers, help others

Automotive News' 40 Under 40 build careers, help others https://ift.tt/wEKqd3L

How good is the auto retail sector in laying out defined career paths and offering professional development opportunities for younger employees working in dealerships? Find out next week.

Va. dealership helps struggling ex-NBA player ‘in a time of need'

Va. dealership helps struggling ex-NBA player ‘in a time of need' https://ift.tt/awMmPbZ

Beyer Subaru asked the company installing new flooring in its showroom to let Delonte West work on the project.

Jaguar Land Rover's Bespoke ordering program boosts profit, satisfaction at Land Rover Princeton

Jaguar Land Rover's Bespoke ordering program boosts profit, satisfaction at Land Rover Princeton https://ift.tt/IepBUl3

The New Jersey dealership has grown its Bespoke orders to about 5 percent of sales of Range Rovers. Sales staff begin the process about six months before leases end.

No time to wait for the next truckload

No time to wait for the next truckload https://ift.tt/NgSM80m

Some Detroit-area dealerships are so desperate for more inventory that they have begun picking up newly built vehicles at nearby plants themselves.

What the FTC's proposals on car dealer ads, F&I mean

What the FTC's proposals on car dealer ads, F&I mean https://ift.tt/3HxGZ2a

The proposed Federal Trade Commission regulations on car dealers go beyond existing federal law and offer more specificity than the law that forbids unfair and deceptive dealership practices.

Right-to-repair court case decision delayed for third time since March

Right-to-repair court case decision delayed for third time since March https://ift.tt/NLD1bz6

In a court filing, U.S. District Judge Douglas Woodlock cited "the need to consider fully the implications" of the Supreme Court's decision Thursday in West Virginia vs. EPA.

GM tops Toyota; Nissan skids in Q2; Hyundai, Kia volume off 4th straight month on low inventory

GM tops Toyota; Nissan skids in Q2; Hyundai, Kia volume off 4th straight month on low inventory https://ift.tt/LS9WTdH

The U.S. light-vehicle market, hampered by lean stockpiles, is expected to contract 7.5 percent to 12 percent in June, according to forecasts, with second-quarter deliveries projected to drop by double digits. June will also mark the 12th consecutive month of year over year declines.

GM tops Toyota in Q2; Hyundai, Kia volume off 4th straight month on low inventory

GM tops Toyota in Q2; Hyundai, Kia volume off 4th straight month on low inventory https://ift.tt/JaLYZcX

The U.S. light-vehicle market, hampered by lean stockpiles, is expected to contract 7.5 percent to 12 percent in June, according to forecasts, with second-quarter deliveries projected to drop by double digits. June will also mark the 12th consecutive month of year over year declines.

GM bars dealers from reporting sales before delivery

GM bars dealers from reporting sales before delivery https://ift.tt/0bqPwcH

Varying state laws and scarce inventory amid a multitude of supply challenges created issues related to preselling a vehicle after a dealer was invoiced but before the customer received it.

GM Q2 volume slips; Hyundai, Kia sales off 4th straight month on low inventory

GM Q2 volume slips; Hyundai, Kia sales off 4th straight month on low inventory https://ift.tt/gcRjtPH

The U.S. light-vehicle market, hampered by lean stockpiles, is expected to contract 7.5 percent to 12 percent in June, according to forecasts, with second-quarter deliveries projected to drop by double digits. June will also mark the 12th consecutive month of year over year declines.

Hyundai, Kia sales slip 4th straight month on low inventory

Hyundai, Kia sales slip 4th straight month on low inventory https://ift.tt/LCO4D0J

The U.S. light-vehicle market, hampered by lean stockpiles, is expected to contract 7.5 percent to 12 percent in June, according to forecasts, with second-quarter deliveries projected to drop by double digits. June will also mark the 12th consecutive month of year over year declines.