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Service activity increased while service revenue decreased slightly at U.S. franchised dealerships in October, according to the latest Cox Automotive analysis of Xtime metrics.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
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Such cars will continue to be made with a different JV there, though demand continues to fall.
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Latest in string of production changes blamed on chip shortages.
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U.S. enters an agreement that 30% of new medium and heavy-duty vehicles will be zero-emission by 2030 and 100% by 2040.
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At a San Diego industry gathering, market watchers predict continued slide from pandemic-era highs.
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Aims to compete with Tesla via ‘solidly profitable’ lineup in 2025.
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Assurant EV One Protection offers expanded coverage, including traction batteries, and transparency.
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Dealership profits have peaked due to rising interest rates, inflation, and low consumer confidence, but they are still 2.4x higher than before the Pandemic.
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