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[thir13enn]

Mercedes retools U.S. dealer ops to 'right-size,' enhance field support

Mercedes is splitting its 383 U.S. dealers into three groups — Air, Land and Sea — based on throughput, with each group assigned a sales, aftermarket and service team.

Source: https://www.autonews.com/retail/mercedes-retools-us-dealer-ops-right-size-enhance-field-support

[thir13enn]

Atlantic Coast Automotive buys 6 New York dealerships

Atlantic Coast Automotive Group has acquired six dealerships in New York state. The acquisition follows the June 2021 purchase of two Kia dealerships in Virginia.

Source: https://www.autonews.com/dealers/atlantic-coast-automotive-buys-6-new-york-dealerships

[thir13enn]

Chevrolet to slash Bolt prices by $6,000 for 2023

General Motors is rolling out a line of EVs powered by more advanced batteries and aims to accelerate Bolt sales to record highs this year.

Source: https://www.autonews.com/retail/gm-slash-2023-chevy-bolt-prices-6000

[thir13enn]

Ford, Toyota, Honda, Hyundai, Kia, Subaru sales slide again

With retail inventories still stuck below 1 million cars, the U.S. light-vehicle market lost more momentum in May, with the seasonally adjusted, annualized rate of sales expected to fall as low as 13.1 million.

Source: https://www.autonews.com/sales/may-us-auto-sales-ford-toyota-honda-hyundai-kia-subaru-post-declines-again-may

[thir13enn]

Papin wants Nissan to talk about the product — not the deal

Nissan Americas Chairperson Jeremie Papin says the automaker is seeing an uptick in customer loyalty and new buyers attracted by an updated product lineup.

Source: https://www.autonews.com/talk-top/jeremie-papin-wants-nissan-talk-about-product-not-deal

[thir13enn]

Shareholder files lawsuit in U.S. court against LMP Automotive after stock plunge

A shareholder has filed a lawsuit seeking class-action status against LMP Automotive Holdings Inc. The small publicly held dealership group also has said it will restate financial statements for the first, second and third quarters of 2021.

Source: https://www.autonews.com/dealers/shareholder-files-lawsuit-us-court-against-lmp-automotive-after-stock-plunge

[thir13enn]

Volvo will partner with Epic Games for advanced EV technologies

Volvo hopes the partnership will improve driver-assistance and visualization technologies to provide "richer layers of information" to the driver without the "additional distraction or stress" that come with repeated notifications from the vehicle.

Source: https://www.autonews.com/retail/volvo-will-partner-epic-games-advanced-ev-technologies

[thir13enn]

Toyota, Honda, Hyundai, Kia, Subaru sales slump again in May

With retail inventories still stuck below 1 million cars, the U.S. light-vehicle market lost more momentum in May, with the seasonally adjusted, annualized rate of sales expected to fall as low as 13.1 million.

Source: https://www.autonews.com/sales/may-us-auto-sales-toyota-honda-hyundai-kia-subaru-post-double-digit-declines-again-may

[thir13enn]

Toyota, Honda, Hyundai, Kia sales slump again in May

With retail inventories still stuck below 1 million cars, the U.S. light-vehicle market is expected to lose more momentum in May, with the seasonally adjusted, annualized rate of sales expected to fall as low as 13.1 million.

Source: https://www.autonews.com/sales/may-us-auto-sales-toyota-honda-hyundai-kia-subaru-post-double-digit-declines-third-straight

[thir13enn]

Victory Automotive Group sells Honda dealerships in New York, Alabama

Victory Automotive Group, which bought three dealerships in 2021, sold two Honda dealerships last week.

Source: https://www.autonews.com/dealers/victory-automotive-group-sells-honda-dealerships-new-york-alabama

[thir13enn]

Toyota, Hyundai, Kia sales drop by double-digits again in May

With retail inventories still stuck below 1 million cars, the U.S. light-vehicle market is expected to lose more momentum in May, with the seasonally adjusted, annualized rate of sales expected to fall as low as 13.1 million.

Source: https://www.autonews.com/sales/may-us-auto-sales-toyota-hyundai-kia-post-double-digit-declines-third-straight-month

[thir13enn]

Hyundai, Kia sales drop again in May

With retail inventories still stuck below 1 million units, the U.S. light-vehicle market is expected to lose more momentum in May, with the seasonally adjusted, annualized rate of sales expected to fall as low as 13.1 million.

Source: https://www.autonews.com/sales/may-us-auto-sales-hyundai-kia-post-double-digit-declines-third-straight-month

[thir13enn]

Beijing halves sales tax on cars with engine sizes up to 2.0 liters

Beijing, seeking to revive vehicle sales undermined by government anti-pandemic measures, will halve the sales tax to 5 percent on new light vehicles with engine sizes up to 2.0 liters and priced at 300,000 yuan ($45,045) or below. 

Source: https://www.autonews.com/china/beijing-halves-sales-tax-cars-engine-sizes-20-liters

[thir13enn]

Digital retailing options keep most customers satisfied even in seller's market

Shoppers aren't thrilled about the higher prices and fewer vehicle choices found on dealership websites these days, but they like digital retailing itself, Cox Automotive market researcher Angela Drake says.

Source: https://www.autonews.com/retail-technology/digital-retailing-options-keep-most-customers-satisfied-even-sellers-market

[thir13enn]

Digital retailing options keep customers satisfied even in seller's market

Shoppers aren't thrilled about the higher prices and fewer vehicle choices found on dealership websites these days, but they like digital retailing itself, Cox Automotive market researcher Angela Drake says.

Source: https://www.autonews.com/retail-technology/digital-retailing-options-keep-customers-satisfied-even-sellers-market

[thir13enn]

A brighter business outlook in the States is one reason Canadian dealer groups are buying U.S. stores

It's not just warmer U.S. weather, but also the promise of a brighter outlook for business that is drawing interest from Canadian dealer groups.

Source: https://www.autonews.com/dealers/brighter-business-outlook-states-one-reason-canadian-dealer-groups-are-buying-us-stores

[thir13enn]

How the car dealership buy-sell market could shift in the next year

For dealers who are thinking about selling their dealerships, there may never be another time when the stars are aligned the way they are now.

Source: https://www.autonews.com/commentary/how-car-dealership-buy-sell-market-could-shift-next-year