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The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.
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The slowing auto market will lead Cox Automotive to revise downward its full-year new-vehicle sales forecast.
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On a volume-weighted basis, the overall Car segment increased +0.18%. For reference, the previous week cars increased by +0.06%.
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AutoPay+PERKS amplifies a dealer’s two biggest profit centers in one easy step.
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August will be a fourth consecutive month of slowing sales and looks to be coming in even lower than our forecast of 1.2 million, a 9% decline from August 2020.
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As younger generations of early tech adopters continue entering the car-buying market, we can expect interest in EVs to continue growing.
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The rate of depreciation has been slowing in recent weeks and this past week, the overall Car segment week-over-week change crossed back into positive territory, with six out of the nine Car segments reporting gains.
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Inventory-constrained Toyota held on to the top spot for shopping consideration, but Ford narrowed the gap in the second quarter despite its own supply challenges.
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Company brings “modern retailing” approach to dealerships, launches e-learning platform and adds human resources, multichannel communication and cybersecurity tracks.
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The entire Prime Automotive Group portfolio will be sold as a platform, hoping to close a transaction by year’s end.
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Lithia Motors Inc. adds a large-volume Honda store in Southern California and two import dealerships near Dallas, Texas.
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