Auto Retail News

In 2023, the electric vehicle (EV) industry experienced a significant milestone, with global sales surpassing 1.1 million units, marking the first time that annual sales exceeded the seven-figure threshold. This represented a surge of nearly 50% in E

While dealers continue to worry about inventory issues, the domination of the electric vehicle market that Tesla has enjoyed in recent years is declining. According to Experian’s recently released Electric Vehicles 2023 Year in Review, the Elon Mu

In a landscape where technology constantly evolves to meet changing consumer demands, Artificial Intelligence (AI) drives significant changes in dealership operations. From marketing to sales, AI is becoming an inseparable asset. This shift is highli

A recent Wallet Hub report identify the states where auto loan delinquency is increasing the most as the overall rate for the last three month of 2023 was 4.17 percent. According to WalletHub officials, the year-over-year overall comparison showed a

A recent decision in Arkansas could cost auto dealerships who allow their employees to use vehicles that are up for sale on their lots. In a case brought against Trotter Ford by the Arkansas Department of Finance and Administration (ADFA), the state�

Do you ever feel overwhelmed by the intricacies of managing your dealership’s operational efficiency? In the fiercely competitive landscape of automotive dealerships, fixed operations stand as a battleground where success hinges on heightened visib

April new-vehicle sales is continuing a pace that would make 2024 the best in five years despite a decline from a year ago, according to Cox Automotive. Sales volume for April is expected to fall 2.2 percent from April 2023 to 1.34 million units. The

Bob Howard Luxury Auto Group Acquires Colorado Tractor Dealership The Bob Howard Luxury Auto Group acquired Universal Tractor Co. in Lakewood, CO, from the McCarty family in a deal brokered by Performance Brokerage Services. Bob Howard Luxury Auto Gr

As the automotive industry faces a delicate balance of ensuring short-term profitability while remaining focused on long-term growth through electric vehicles, autonomous technology, and connected services, a new generation has come of age. Generatio