Tariffs on vehicles imported from Japan are now set at 15% as a part of an agreement that AAPC chief Matt Blunt calls a “bad deal” for U.S. factories that build vehicles in Canada and Mexico. +
California DMV officials are pushing for a 30-day suspension of Tesla’s dealer license in an escalation of a yearslong legal dispute over the way “self-driving” vehicles are advertised. +
Lotlinx’s latest report finds U.S. dealers sold fewer EVs with more supplies in the second quarter as a market “fueled by affordability” steered price-conscious car buyers into gas and hybrid units. +
The latest Presidio Group/NCM Associates report finds the average U.S. franchised dealer enjoyed a 27.1% year-over-year increase in net pretax profit in the second quarter. +
AutoCanada announced the sale of 13 of its 17 U.S. franchised dealerships to multiple unnamed purchasers in a series of deals worth more than $60 million. +
Regarding life insurance strictly as a death payout for dealership employees ignores the living benefits many providers offer, argues iCover founder and CEO Hari Srinivasan. +
Len Short of Lotlinx lists five ways dealers are using predictive modeling, a core aspect of AI, to improve efficiency and make more accurate forecasts and data-driven decisions. +
The third-generation owners of Bosak Auto Group have divested their auto retail holdings through separate deals with Victory Automotive and the Garff Family of Dealerships. +
Coughlin Automotive has acquired Bob Chapman Ford of Marysville, Ohio, from fourth-generation owner Joe Chapman, adding the state’s first Ford dealership to its growing network. +
Wolters Kluwer’s Digital Transformation Index shows econtracting adoption increased by just over 7% from the prior quarter and is up by more than 116% over the past four years. +
