Auto Retail News

Morgan Auto Group Purchases Hollywood Kia in Florida Hollywood Kia has been sold to Morgan Auto Group, according to Haig Partners LLC who served as the exclusive sell-side advisor on the sale. Hollywood Kia is located in Hollywood, FL and was owned b

As we near the mid-way point of the 2024 year, there are many fascinating characteristics of today’s auto industry. Some of these are defined by the broader macro economy, and yet others are a result of organizational evolutions continuing to take

NEW YORK (June 11, 2024) – automotiveMastermind, the automotive industry’s trusted data and technology provider, has introduced Showroom to its Mastermind technology. Showroom is designed to transform each customer touchpoint into a discovery opp

The Cox Automotive Dealer Sentiment Index (CADSI) remained stable in the second quarter despite dealer uncertainty in politics, market and economy. The Q2 score of 42 released June 10 indicates most U.S. auto dealers see the market as weak, three poi

As Tesla goes, so goes the U.S. electric vehicle (EV) market. Elon Musk’s ownership of his reputational scores aside, he cited the main reasons for Tesla’s first-quarter sales decline since COVID-19 impacted Q2 2020 as high-interest rates and pro

DETROIT – Urban Science, a leading global automotive consultancy and technology firm, today announced the launch of its science-driven electric vehicle (EV) sales forecasting analysis for automakers with U.S. retail operations through its MarketVie

Kia America is taking a New England dealership group to court, alleging it falsified records that resulted in the owners pocketing in ill-gotten sales incentives of over six figures. Dan O’Brien Auto Group and its top management are alleged to hav

High interest rates and stubborn inflation are not stopping U.S. consumers from doing one of the things they love the most: buying cars. Automotive dealers should be cheering the uptick in sales because more sales should mean a healthier bottom line.

Lectrium, a technology and software company designing tools to help dealerships adapt to selling electric vehicles (EVs), today announced the launch of their new digital marketing tools. The new tools will enable automotive dealerships to utilize enh