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Dealer/GM News
Edmunds: New-Vehicle Buyers ‘Stretched to Financial Limits’
Elevated new-vehicle prices and high borrowing costs are two leading factors that have new-vehicle buyers stretched to their financial limits, according to the car shopping experts at Edmunds. Jessica Caldwell, Edmunds’ head of insights, noted
Aug 1, 2024
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Dealer/GM News
Millennial Drivers Cause Highest Percentage of Accidents
Be wary of the Millennials on the road. That is the take away from personal injury law specialists John Foy & Associates after analyzing 2022 data from the National Highway Traffic Safety Administration (NHTSA), to find the number of drivers inv
Jul 31, 2024
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Dealer/GM News
Dealer Magazine: The Critical Importance of the Sales to Service Handoff
Editor’s Note: This article was originally published in the July/August edition of Dealer magazine Last year, 85 percent of vehicle maintenance and repair dollars were spent at independent service centers—not at dealerships. Wow! Over the pas
Jul 29, 2024
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Dealer/GM News
Dealer Magazine: Interview with Marcus Withers of Withers Automotive Worldwide
Editor’s Note: This article was originally published in the July/August edition of Dealer magazine Dealer Magazine had the privilege of talking with Marcus Withers, a part of one of the leading minority dealership groups in the U.S, working in
Jul 29, 2024
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Dealer/GM News
Cox: New-Vehicle Sales Expected to Rebound in July
The Cox Automotive forecast released July 25 indicates that U.S. July new-vehicle sales will show some recovery from the CDK Global ransomware attack in June. In July, the seasonally adjusted annual rate (SAAR) is expected to rise to 16.0 million, an
Jul 26, 2024
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Dealer/GM News
Penske Automotive, Cardinale Automotive, Gill Automotive: Dealership Sales Roundup
Penske Buys Bill Brown Ford in Michigan Penske Automotive Group recently acquired Bill Brown Ford in Livonia, MI. Serving Michigan’s largest county by population, the dealership is forecast to add $550 million in estimated annualized revenue,
Jul 25, 2024
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Dealer/GM News
Cox: Fleet EV Adoption Increasing in the Next Five Years
Fleet owners operating both electric vehicles (EVs) and their gas counterparts have higher levels of satisfaction with their EVs, according to a new report from Cox Automotive. The report, Future of Fleets: Path to EV Adoption, found EVs bring higher
Jul 24, 2024
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Dealer/GM News
Mercedes-Benz, Starbucks Partner to Add EV Chargers Along I-5
Mercedes-Benz is expanding its electrical vehicle (EV) charging network, teaming with another national retailer to offer drivers a place to recharge their cars along a critical west coast travel corridor spanning from Canada to Mexico. Mercedes and S
Jul 23, 2024
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Dealer/GM News
July Used-Vehicle Prices Increases
Wholesale used-vehicle prices increased 1.8 percent from June in the first 15 days of July, the first month-over-month increase excluding the pandemic period for the mid-month report since July 2018. Over the last two weeks, the Manheim Market Report
Jul 22, 2024