Ford As American (credit) card holders, we’re used to getting what we want, when we want it: terrifyingly fast Amazon deliveries. The equivalent of a Costco beef ranch. Oddities about Etsyand the fantasies whispered the night of Bring a trailer. This is the first part of a two-part explainer onRead More →
The drastic change in the global economy and the growing opportunities for entrepreneurship have compelled many people to start their businesses. The automotive industry is constantly growing and there is a lot of ground to exploit, especially as a small car dealership. People always need cars, new and used, especiallyRead More →
There has been a reduction in the number of loans given out by financial institutions to individuals who purchase automobiles and have the highest risk profile. This trend suggests that financial institutions are preparing for an economic downturn that may enable individuals to meet their financial commitments. As a resultRead More →
A person walks past a car dealership on June 10, 2022 in New York City. The Labor Department said Monday that consumer prices rose 8.6% last month from a year earlier. Inflation has reached its highest level in four decades, driving up the cost of airfare, hotels, vehicles, gasoline andRead More →
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Officer who shot and killed a man at a car dealership has been fired from the department, Concord police say CONCORD, North Carolina — Concord police say they fired an officer who shot and killed a man at a car dealership in February. Now the man’s mother has strong demands.Read More →
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Britain’s car industry is at a disadvantage compared to the rest of Europe due to soaring energy costs, the industry warned on Tuesday. Analysis by the Society of Motor Manufacturers and Traders (SMMT) found that the sector’s annual energy bill – which is already £50m ($61.3m) more than its EURead More →
GRAND RAPIDS, Mich. (WOOD) — A tip via Silent Observer led investigators to two suspects after five cars were stolen from a dealership, Kent County officials say. The two 17-year-olds from Plainfield Township were arrested over the weekend, the Kent County Sheriff’s Department announced Monday. Separately, a 17-year-old from GrandRead More →
Drive Motor Retail has welcomed six new hires to its Leicester car dealership after expanding its MG Motor UK showroom. Former Bristol Street Motors managing director Paul Bustin now runs the operation on the city’s Freeman Common Road, which also operates a Vauxhall Motors franchise site. Bustin, who brings 32Read More →
For most people, when they think of someone they can trust, a car salesman doesn’t usually come to mind. To trust is to firmly believe in someone’s personality. Trust is not free, you have to earn it. In the latest episode of Straight Talk, host David Lewis, President of DavidRead More →
Mitsubishi Motors Philippines Corporation (MMPC) said on Friday that the company expects auto sales to increase through the rest of 2022 and into the following year as the global and local economy recovers from the impact of the pandemic. In an interview with reporters, MMPC President and CEO Takeshi HaraRead More →
Buying a car can be both exciting and stressful. If you know the make and model you want, getting to the dealership isn’t too much of a hassle, but if you’re scheduling test drives for different options, it can be overwhelming to say the least. There’s also the choice betweenRead More →
TrustFord has taken a further step towards establishing its car retailing operations in Scotland with the submission of a planning application for a dealership in Aberdeen. Ford-owned car retail group AM100 is set to take over the city’s Ford franchise after Arnold Clark walked away from the brand – andRead More →
Used-vehicle retail giant CarMax Inc. said it again sold fewer used vehicles in its first fiscal quarter due to inflation, fuel affordability issues vehicles and declining consumer confidence. The company retailed a total of 240,950 used vehicles in the quarter ending May 31, down 11% from the same period lastRead More →
Pleasant Grove, United States – June 23, 2022 — The used-car dealership has newcomers on its yard, including a 2015 Volkswagen Jetta, a 2012 Jeep Liberty and two Dodge Grand Caravan Passengers. All cars are available for sale to customers with bad credit. More information can be viewed at https://www.rockymountainmotorcars.comRead More →
Welcome to this week’s episode of Weekly Used Carsthe original CBT News show dedicated to bringing auto dealers best practices and tips for the used car department, in-depth dealer interviews, practical dealership strategies and supplier analysis. There has been a lot of talk in the news lately about inflation andRead More →
CAIRO — On June 9, a official source to the Egyptian Consumer Protection Agency revealed to the al-Mal news site that the agency has asked car dealers across the country to explain their inability to deliver cars to citizens or issue refunds. This comes amid a crisis in the automotiveRead More →
The Trousdale County Historical Society has researched early car dealerships in Hartsville and Trousdale County, and if a reader has any old photos or information, please share them with us. Our research shows us that Dick Owen, nicknamed Cotton, was the first Hartsville scholar to have a car dealership. AsRead More →
Car sales experts from the National Franchised Dealers Association said new car sales have declined this year, but interest in electric vehicles is still high. Sue Robinson, chief executive of the NFDA, which represents franchised car and commercial vehicle dealers in the UK, said:Read More →
The Herculean effort was spearheaded by Snows, who has bases in Hampshire and Portsmouth. Titled “Mission 60”, the challenge will see each colleague attempt to raise at least £60 to donate to charity. So far Snows staff have raised an impressive £21,000. Register to our daily newsletter Snows’ colleagues alsoRead More →
The Reserve Bank’s interest rate may have only increased by 0.5%, but it has already eliminated up to 10% of requests for financing in some new car showrooms – and has triggered a drop in sales inquiries. 0 See 4 pictures The Reserve Bank’s recent interest rate hike of 0.5%Read More →
ON A technicality, new laws coming into force in Australia on July 1 could delay the implementation of so-called “locked-down” Electronic Control Units (ECUs), but changes to US regulations will be difficult to circumvent and will likely have repercussions effect. The Australian Competition and Consumer Commission (ACCC) has been pushingRead More →
BOSCH announced this week that it had acquired Melbourne-based MoTeC (Motorsports Technology) for an undisclosed sum. The acquisition agreements were signed by Bosch and the MoTeC Group this month and are currently subject to merger control approval. Bosch says that in terms of organisation, MoTeC – headquartered in Croydon, VictoriaRead More →
LONDON — Russian President Vladimir Putin on Thursday ordered his government to quickly come up with new measures to support the domestic auto industry, which has seen sales plummet since the invasion of Ukraine. Amid a slump in demand from Russian buyers and severe logistical problems following Western sanctions, carRead More →
Breadcrumb Links Transportation New Cars Policaro says the key to his company’s success is simple: respect everyone Francesco Policaro, General Manager of the Policaro Group. Photo by courtesy Policaro Group Content of the article While most teenagers were chasing a soccer ball or their first kiss, Francesco Policaro started chasingRead More →
Sales of electric vehicles in Australia have almost tripled. According to Vivien Griffin, coordinator of Noosa EV Expo, it seems increasingly that the tipping point for electric car sales has been reached in Australia. “Between 2020 and 2021, electric vehicle sales in Australia nearly tripled from 6,900 to 20,665, andRead More →
ReportLinker ResearchInChina has released the “Global and Chinese Flying Car Industry Research Report 2022”. A flying car is a three-dimensional vehicle. Generally speaking, it is a low-altitude intelligent autonomous transport tool carrying goods or people, namely the electric vertical take-off. and landing (eVTOL). New York, June 17, 2022 (GLOBE NEWSWIRE)Read More →
Pinterest is the place to go if you need inspiration for decorating, cooking, home improvement projects, summer fashion…the list goes on. But when it comes to researching a new car, Pinterest isn’t usually a shoppers’ first stop. It might soon be, if Pinterest has anything to say about it. TheRead More →
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LONDON, June 16 (Reuters) – Russian President Vladimir Putin on Thursday ordered his government to quickly come up with new measures to support the domestic auto industry, which has seen sales plummet since the invasion of Ukraine. Amid a slump in demand from Russian buyers and severe logistical problems followingRead More →
BY MATT CIZEK [email protected] Residents of Winchester and Clark counties will soon have a new local choice for buying an automobile. Countrytime Motors, operated by Hayes Automotive Group, will soon open a used vehicle dealership to serve those in and around the Winchester area at a location away from EarlyRead More →
YOU have the choice of dealership add-ons when you negotiate the price of a new car above its base MSRP. But only the car dealer-specific additions are worth their cost. 2 Your new car is your automotive canvas – paint it with the right featuresCredit: Getty Car dealerships generally describeRead More →
UNITED STATES – Byrider Franchise offers different types of support services to help their franchisees start and manage their dealerships in the country. Franchisees can expect support in the form of training, access to an established proprietary sales CRM, branding and marketing, invitations to helpful meetings and conventions, and low-trafficRead More →
BY VIVA TECHNOLOGY 2022, PARIS: The CEOs of Qualcomm and car giant Renault Group have highlighted the benefits of cross-industry collaboration on connected vehicle developments, as the latter predicted software would help used vehicles retain their value. In a panel discussion, Qualcomm Chairman and CEO Cristiano Amon (in the photo,Read More →
With a wide range of cars under its roof, Al Marid Motors is now rejuvenating its online sales. Published: Wed, Jun 15, 2022, 2:10 PM The automotive industry has grown exponentially and is now one of the fastest growing. The demand for good cars is always high and the needRead More →
Used car dealership group Motorpoint has more than doubled its year-on-year profits, bringing them back to levels not seen before the pandemic. The independent car retailer’s pre-tax profit reached £21.5million in the financial year to March 31, 2022, from £9.7million the previous year when trading was hit by the lockdownsRead More →
Car dealership group Motorpoint has accelerated progress towards its goal of becoming a £2billion retailer, rebounding from a 2021 pandemic. But he warned it is “increasingly difficult to predict” how the cost of living crisis will affect consumer behavior. Rising inflation and global vehicle supply chain challenges “are very likelyRead More →
Jake Sweeney Used Car Superstore, a leading used car dealership in Cincinnati, OH, is pleased to announce that it also offers used car financing assistance in Cincinnati and area. Those considering buying a used car and in need of financial assistance can now quickly pre-qualify via an online form onRead More →
Autotrader.com editor Brian Moody argues that a drop in car sales coupled with an increase in inventory could drive prices down. As new and used cars continue to fetch some of their highest prices ever, some auto experts say the push for lower prices could give drivers what they want:Read More →
The role of the car dealership business manager is changing and digitalization is part of this change. However, even with the advent of digital and online financing arrangements as well as the arrival of the agency model in the franchise industry, the often clumsy, clumsy and complex nature of arrangingRead More →
Tuesday, June 14, 2022 12:11 PM An electric vehicle being charged Automotive groups have criticized the government’s decision to remove subsidies for newly purchased electric vehicles (EVs), fearing it will deter buyers from entering the market. In a shocking blow to the car industry, the Department for Transport (DfT) hasRead More →
Indore: Pent-up demand boosted passenger car sales in the city in May despite long waits amid supply shortages from manufacturers, although demand for two-wheelers has not picked up much.May car sales in Indore are estimated at around 3,000 units across various models, compared to average monthly sales of around 2,500Read More →
Alison Jones, senior vice president of circular economy at Stellantis, has won Autocar’s Great Women in the British Car Industry 2022 initiative, organized in partnership with the Society of Motor Manufacturers and Traders. Coach Great Women of the British Motor Industry 2022 Jones also came top of Autocar’s Executive category,Read More →
An online car dealership headquartered in Peterborough that had set itself on the fast track to growth appears to be at a loss. Carzam, based at Samson House, Morley Way, Woodston, where it operated its vehicle preparation center and claimed to employ around 150 people, went into administration. Register toRead More →
Aston Villa v Everton isn’t generally regarded as one of the Premier League’s greatest games, but it probably would have seemed like a big deal for Alex Chesterman: both teams’ shirts bore the name of Cazoo, the retailer in used car line founded by the Serial Entrepreneur. The Cazoo derbies,Read More →
EIdar Gadzhiev’s heart sank when he heard the crackle of his Skoda’s engine one day in April. Gadzhiev, who owns a fleet of four cars which he hires out as taxis in Moscow, knew this was a terrible and expensive time for a breakdown. The prices of spare parts, ifRead More →
Given the current market volatility and declining U.S. car sales amid an economic downturn, it may not make sense to bet on auto dealership stocks that could dive due to their fundamental weakness or industry headwinds. CarMax (KMX), Asbury Automotive (ABG) and Sonic Automotive (SAH) have weak finances and growthRead More →
According to RBC Capital Markets, the May US light-vehicle seasonally adjusted annualized rate (SAAR) of sales came in at 12.80 million vehicles, 4.5% below its forecast and down 12.3% from April due to low inventories amid a persistent shortage of semiconductors and record high vehicle prices. Intensified supply chain disruptionsRead More →
Growing your dealership’s audience is no easy task in today’s ultra-competitive marketplace. In addition to the traditional competition between established brands in dense metropolitan areas, the new competition is hotter than ever. Established stores have to battle not just with other brands, but also with direct-to-consumer companies like Tesla andRead More →
LANSING, Mich. (WLNS) – With gas prices now above $5 a gallon, people are looking for other options. “Electric cars, you don’t put gas at all, you wait for a charger or you charge it at home,” said Kody Slaght, sales associate at Kia of Lansing. Electric cars are onRead More →
German car associations have rioted over the European Parliament’s decision to back a de facto ban on the sale of new combustion-engined cars from 2035, deeming it too ambitious and costly, and going against the market and citizens. Banning the sale of petrol and diesel-powered cars is a central partRead More →
“Good artists borrow, great artists steal” – Pablo Picasso. In 1896, Ford manufactured its first car and its most lucrative flight. While the manufacture of the quadricycle was a major feat, it came 11 years after two Germans – Gottlieb Daimler and Karl Benz – developed the first gasoline-powered automobile.Read More →
A building permit is still required for the construction of a Porsche dealership and the used showroom. GAIN Group was unable to comment on when it expected construction to be completed. The granting of a development permit in a 7-2 vote in February followed a protracted debate leading to aRead More →
The smell of oak and pecans wafted through the parking lot of the Crest Infiniti dealership in Frisco. Inside, the Rotary club met in the great hall out front. Earnest Morgan guided customers to the after-sales service, where his Earnest B’s barbecue is. The dining room/waiting room was packed onRead More →
Automakers continue to face manufacturing challenges as supply chain issues persist. In light of this lack of new vehicle inventory, many car dealerships are turning their attention to their used car departments. Joining Jim Fitzpatrick on today’s edition of Inside Automotive is Sean Gardner, who discusses the best strategies forRead More →
The real problem facing the UK car industry is that it has emerged from the threats posed by Brexit and Covid and a long halt to ‘continuous improvement’ in a hazy period between the twilight of the combustion engine and the full dawn of electric vehicles. There are two chicken-or-eggRead More →
DES PLAINES, Ill. (WLS) – Burglars caught on CCTV broke into a luxury car dealership in Des Plaines early Tuesday morning. Owner of the Sam Jidd Luxury dealership at 1505 S. Mt Prospect Road said the thieves took all the car keys and stole three cars worth $400,000. Des PlainesRead More →
Richard Niello Sr. Niello family If you’ve bought a car in Sacramento in the past half-century, chances are you’ve shopped at a dealership owned by the Niello family. Today, the patriarch of the Niello automotive family passed away. Richard Niello Sr., who brought the company to Sacramento after it wasRead More →
UK car sales fell by a fifth last month from a year earlier as semiconductor shortages continued to loom and industry worried about the impact of the inflation in the market. New car registrations in the UK fell 20.6% year on year to 124,400 in the second weakest month ofRead More →
The UK car industry suffered its second weakest May in three decades, figures show. Just 124,394 new cars were registered last month, the Society of Motor Manufacturers and Traders (SMMT) said. That was down 20.6% from the same month last year. This is the second lowest number of new carsRead More →
The European Parliament is set to confirm its position on a series of proposals to cut global warming emissions faster this decade, ahead of negotiations with EU countries on final climate laws. Among the measures are an upgrade of the European carbon market, a planned tariff to impose CO2 costsRead More →
The Australian car distributor Subaru in Australia says it has no plans to switch to a non-negotiable fixed price sales model. 0 See 2 pictures Japanese brand Subaru has joined the growing chorus of automakers saying they have no plans to switch to fixed, non-negotiable prices for new cars inRead More →
For decades, there has been friction between automakers, car dealerships and independent repairers, as each cutting-edge body fights for its corner — and its customers. Now the three opposing camps form a united front. Is it good or bad for car buyers? 0 See 8 pictures The big wheels inRead More →
Despite Australia’s growing appetite for electric cars, the auto industry has warned customers to expect extended delays for high-tech vehicles – and highlighted other better low-emission options. adapted to local conditions. 0 See 8 pictures Australia’s auto industry says it is grappling with unprecedented demand for electric cars and isRead More →
The German market registered 1.0 million new vehicles in the first five months of the year, around 9% less than in the same period of 2021 and a decrease of 33% compared to 2019 before the pandemic. Berlin – German car sales took another hit in May, official figures showedRead More →
Automakers know your least favorite part of the shopping experience: dealing with dealerships. Salespeople are aggressive whether contact occurs through an in-person meeting, phone, email, or text message. Nothing dulls the excitement of buying a new car like filling out a mountain of paperwork. And dealers are now making recordRead More →
German car sales took another hit in May, official figures showed on Wednesday, as Russia’s invasion of Ukraine and tight supply chains added to the industry’s woes. New registrations in Europe’s biggest economy fell 10.2% year-on-year to just over 207,000 cars, the Federal Transport Authority (KBA) said in a statement.Read More →
Official figures due out today are expected to show South Korean carmaker Kia taking second place in Australian new car sales behind Toyota for the first time in its history, overtaking Hyundai, Mazda and Ford. 0 See 3 pictures South Korean car giant Kia finished in second place behind marketRead More →
New car sales in the United States fell below an annualized 13 million vehicles in May, prompting RBC analysts to say they are at “recessionary levels”, although demand is still lively and that automakers offer little or no incentive to those looking to buy a new vehicle. According to RBC,Read More →
The South African new vehicle industry continued to show resilience in May in the face of increasingly difficult market conditions. With fuel prices rising overnight to record highs, a substantial 0.5% increase in prime interest rates during the month and the latest wave of flooding in KwaZulu Natal (KZN), NewRead More →
Supply chain issues resulting from the COVID-19 pandemic have hit the automotive industry hard, with little sign of the problems easing any time soon. The latest May sales figures from automakers are coming in and the numbers look grim, as reported Automotive News. Toyota is normally a standout when itRead More →
South Africa is such a strange place. Five partial municipal elections were held on Wednesday, two of which were made necessary because the former public representative was violently killed. There is mass unemployment, load shedding, flooding and the usual setbacks that we talk about every day. And during this lastRead More →
Open Road ranks No. 42 on Automotive News‘ list of the top 150 U.S.-based dealer groups, with retail sales of 21,128 new vehicles in 2021. The state said the group has 15 locations in New Jersey. None of the three companies admitted wrongdoing in the settlements, which their attorney calledRead More →
FOUNTAIN VALLEY, Calif., June 1, 2022 – Hyundai Motor America reported May retail sales of 59,432 units, down 30% from May 2021. May was a record month for Santa Cruz retail sales. Hyundai had no fleet sales in May 2022. “There continues to be tremendous consumer demand for Hyundai vehicles,Read More →
HAYWARD, Calif. /California Newswire/ — Used car shoppers have quickly discovered that Silicon Valley Enthusiast (SVE) is the best East Bay dealership to go to for high-end vehicles at very competitive prices. As their company name suggests, the SVE team is made up of long-time car enthusiasts who are fullyRead More →
Kia India’s sales for the month of May 2022 amounted to 18,718 units, registering a 69% year-on-year growth. This South Korean automaker has also reached the domestic sales milestone of 4.5 lakh in India. Kia India has unveiled its sales figures for the month of May 2022. The Indian subsidiaryRead More →
Did you know that most customers prefer live chat over phone or email? Through a survey of 1,000 US consumers, live chat platform Kayako found that 41% of customers prefer to participate in live chat than to call or email a company. It’s no secret that live chat has goneRead More →
Car dealerships play an important role in the car purchase (Where sale), so it is crucial that you choose a trusted car dealership to avoid scams and other mishaps. The reality of scams and shady deals is unfortunately very real, with scammers often using trustmarks to lure their victims. HowRead More →