Mercedes retools U.S. dealer ops to 'right-size,' enhance field support

Mercedes retools U.S. dealer ops to 'right-size,' enhance field support https://ift.tt/pKnH4aM

Mercedes is splitting its 383 U.S. dealers into three groups — Air, Land and Sea — based on throughput, with each group assigned a sales, aftermarket and service team.

Atlantic Coast Automotive buys 6 New York dealerships

Atlantic Coast Automotive buys 6 New York dealerships https://ift.tt/ypPv1RU

Atlantic Coast Automotive Group has acquired six dealerships in New York state. The acquisition follows the June 2021 purchase of two Kia dealerships in Virginia.

Chevrolet to slash Bolt prices by $6,000 for 2023

Chevrolet to slash Bolt prices by $6,000 for 2023 https://ift.tt/Q7ABVuH

General Motors is rolling out a line of EVs powered by more advanced batteries and aims to accelerate Bolt sales to record highs this year.

Market loses more steam; SAAR tumbles to 2022 low

Market loses more steam; SAAR tumbles to 2022 low https://ift.tt/LxS3lm1

With retail inventories still stuck below 1 million units for a year now, the U.S. light-vehicle market lost more momentum in May, with the seasonally adjusted, annualized rate of sales falling to a 2022 low of 12.81 million.

 

Papin wants Nissan to talk about the product — not the deal

Papin wants Nissan to talk about the product — not the deal https://ift.tt/t5rvoVP

Nissan Americas Chairperson Jeremie Papin says the automaker is seeing an uptick in customer loyalty and new buyers attracted by an updated product lineup.

Shareholder files lawsuit in U.S. court against LMP Automotive after stock plunge

Shareholder files lawsuit in U.S. court against LMP Automotive after stock plunge https://ift.tt/hBcM3yQ

A shareholder has filed a lawsuit seeking class-action status against LMP Automotive Holdings Inc. The small publicly held dealership group also has said it will restate financial statements for the first, second and third quarters of 2021.