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Newsby StaffJune 26, 2023

Al Hendrickson Toyota Sold to Morgan Automotive

Sale sets record for the highest blue-sky value ever paid for a single dealership, regardless of franchise.

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Newsby StaffJune 23, 2023

Consumers Favor Automated Safety Over Self-Driving Tech

S&P Global Mobility survey of 8,000 shoppers worldwide shows semiautonomous driving features are still missing the crucial trust factor, whereas automated safety features are gaining traction.

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Newsby StaffJune 23, 2023

Manheim Enhances Market Report

Now all wholesale marketplaces can access the resource.

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Newsby StaffJune 23, 2023

Mach-E Inventory Balloons After Ford-Tesla Deal

Advertised supply triples in anticipation of Ford’s customers tapping biggest US charging network.

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Newsby StaffJune 23, 2023

June, Q2 Sales Surge on Pent-Up Demand

Forecasts show high interest rates, prices still not dampening volume.

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Newsby StaffJune 22, 2023

CDK Report Shows New Dealer Tactics, Challenges

Trends highlighted in its 2023 Trendsetters Guide to Automotive Retail.

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Newsby StaffJune 22, 2023

Consumers Will Switch Brands for EVs

Lack of choice among reasons buyers try out makers they haven’t before, Edmunds survey finds.

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Newsby StaffJune 22, 2023

Ford JV Gets Major US Loan for Battery Plants

$9.2 billion will help fund three plants in the South in federal effort to increase EV supply chain in North America.

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Newsby StaffJune 21, 2023

Service Activity Spikes in May

Analysis of Xtime data showed increases in Repair Order Volume Index and the Repair Order Revenue Index.

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Newsby StaffJune 20, 2023

Black Book: Weekly Market Report

Sub-Compact Car reported the largest drop last week, down -0.75%. The prior week, the segment also had the largest decline for cars, with a decrease of -0.89%.

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