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New-Vehicle Prices Rise for First Time in 2024: KBB

The price for new vehicles increased for the first time in 2024, according to a Kelly Blue Book (KBB) estimate released May 14. The average transaction prices (ATPs) for April is expected to increase by 2.2 percent to $48,510, the highest price since
May 16, 2024
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CallRevu Acquires TotalCX: A Strategic Move to Redefine Industry Standards and Automotive Customer Excellence

In a strategic industry leadership initiative, CallRevu, a premier entity in the automotive communication intelligence sector, has announced the acquisition of TotalCX, a leading call management platform and integrated hosted telephony solution. This
May 16, 2024
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Dennis & Co. Auto Group, Steve Marshall Group, Performance Lexus of Northern Kentucky, America’s Car-Mart: Dealership Sales Roundup

Dennis & Co., Kyle Busch Purchas New Jersey Dealership Dennis & Co. Auto Group expanded its dealership network by purchasing New Jersey-based Hawthorne Chevrolet, fueled by a partnership with NASCAR Cup Champion. “We are excited to add a t
May 16, 2024
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automotiveMastermind Announces Strategic Integration Partnership with CarNow to Further Improve Consumer Experience with Dealerships

NEW YORK (May 14, 2024) – automotiveMastermind, the automotive industry’s trusted data and technology provider, today announced a strategic integration partnership with CarNow. automotiveMastermind has a proven track record of success with more t
May 15, 2024
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Cox: Second Wave of EV Buyers Is 3-5 Years Away

As dealers seek to sell an ever-increasing inventory of electric vehicles off their lot, one of the key questions is there a market for buyers past the current plateau. According to the latest findings from the 2024 Path to EV Adoption Study by Cox A
May 15, 2024
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General Motors Names Alps Alpine North America, Inc. a 2023 Supplier of the Year

General Motors recognized Alps Alpine North America, Inc. as a 2023 Supplier of the Year. GM celebrated honorees at its 32nd annual Supplier of the Year event in Aventura, Florida earlier in April. GM’s Supplier of the Year award recognizes gl
May 14, 2024
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U.S. Imposes 100% Tariff on Chinese Electric Vehicles

The Biden Administration is raising duties on Chinese electric vehicles (EV) to over 100 percent that are part of number of tariff increases announced May 14. President Joe Biden unveiled the new policy on an array of Chinese imports affecting $18 bi
May 14, 2024
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Kia, Hyundai Top Targets for Car Thieves in 2023

With a push from social media, Kia and Hyundai occupied over half of the spots in the top ten of vehicles stolen in 2023. Breaking the years-long trend of full-size pickups topping the list, the two companies had three models each that were among the
May 14, 2024
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Malibu Sunset: Chevrolet to Stop Production of U.S. Classic Car

The Malibu is being phased out by Chevrolet. This is not the first time General Motors has put one of its classic cars on the blocks. Chevrolet’s classic Malibu was available for model years 1964–1983 before its first discontinuation. The automak
May 13, 2024