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News By Topic: Automobile Dealers

Auto Dealership Buy/Sell Market Hits All-Time Record in First Half of 2024, Nearly Double Pre-Pandemic Average

Auto Dealership Buy/Sell Market Hits All-Time Record in First Half of 2024, Nearly Double Pre-Pandemic Average

INCLINE VILLAGE, Nev.--The auto dealership buy/sell market experienced an all-time record in the first half of 2024, with 204 completed dealership transactions representing 381 franchises sold, according to the just-released Second Quarter 2024 Blue Sky Report® by Kerrigan Advisors. At this rate, transaction activity ... Continue reading

Nearly Half of Young Tradespeople Say Social Media Inspired Them to Choose a Career in the Trades According to Survey from DEWALT and WorldSkills International

Nearly Half of Young Tradespeople Say Social Media Inspired Them to Choose a Career in the Trades According to Survey from DEWALT and WorldSkills International

Nearly 75% intend to use social media to raise visibility for skilled careers More than 50% are interested in creating social content showcasing themselves at work to encourage others to join their trade Social stigma and lack of parental support cited as barriers to entering careers in skilled labor To help inspire th ... Continue reading

TIE BREAKER: Serra Automotive Ranked First in 2024 Dealer Group Study for Providing Quick and Easy Service Appointments

TIE BREAKER: Serra Automotive Ranked First in 2024 Dealer Group Study for Providing Quick and Easy Service Appointments

Serra Automotive was ranked first out of 20 auto dealer groups in Pied Piper’s 2024 PSI® Service Telephone Effectiveness® (STE®) Study, which measured the efficiency and quality of service telephone calls from a customer’s objective of quickly and easily setting up a service appointment. Following Serra Automoti ... Continue reading

OFFICIAL NHTSA WEEKLY RECALLS SUMMARY - September 9, 2024

OFFICIAL NHTSA WEEKLY RECALLS SUMMARY - September 9, 2024

The following may apply to one or more of your vehicles if your vehicle is listed below. Click on the NHTSA Recall ID Number below to read more about the safety issue and the reason for the recall.To find out if your specific passenger vehicle is included in the recall, use our VIN Look-up Tool. ... Continue reading

Dodge Enters Nitrocross Series, Dreyer & Reinbold Racing Team to Compete in 1,000-plus-horsepower Dodge Hornet R/T FC1-X Rally Cars

Dodge Enters Nitrocross Series, Dreyer & Reinbold Racing Team to Compete in 1,000-plus-horsepower Dodge Hornet R/T FC1-X Rally Cars

Dodge is making its debut in the 2024-2025 Nitrocross Series with the introduction of four Dodge Hornet R/T FC1-X electric-powered race cars in the Group E class, set to begin competing at the season-opening Nitrocross event scheduled for Sept. ... Continue reading

The used car market is projected to grow by USD 857.1 billion from 2024-2028, driven by rising competition and new car models, with AI influencing market trends - Technavio

The used car market is projected to grow by USD 857.1 billion from 2024-2028, driven by rising competition and new car models, with AI influencing market trends - Technavio

NEW YORK, Sept. 6, 2024 -- Report on how AI is redefining market landscape- The global used car market size is estimated to grow by USD 857.1 billion from 2024-2028, according to Technavio. ... Continue reading

Nutson's Weekly Automotive News Wrap-up September 1-7, 2024

Nutson's Weekly Automotive News Wrap-up September 1-7, 2024

Larry's top story picks from this past week's important to you, relevant, semi-secret, or snappy automotive news, opinions and insider back stories ... Continue reading

RAM RECALL

RAM RECALL

WASHINGTON, Sept 7 (Reuters) - Chrysler parent Stellantis (STLAM.MI), opens new tab said Saturday it is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brake system that can increase the risk of a crash.The recall includes nearly 1.23 million Ram 1500 trucks from the 2019 and 20 ... Continue reading

U.S. Automobile Dealer Sentiment Stumbles in Q3 as Political Climate Heats Up

U.S. Automobile Dealer Sentiment Stumbles in Q3 as Political Climate Heats Up

U.S. automobile dealer sentiment declined in Q3 2024, reflecting growing concerns about the political climate, rising costs and economic uncertainty. The cost index reached a record high, indicating that dealerships are facing increasing operational expenses, which dampens profitability, particularly among independents ... Continue reading

With Multiple Measures, Dongfeng Motor Charm Blossoms in Italy

With Multiple Measures, Dongfeng Motor Charm Blossoms in Italy

On the eve of the release, VOYAH held its brand debut in Palazzo Serbelloni, an ancient building in Milan, where the luxury brand released its "royal venue". The event saw a gathering of celebrities, marking a milestone as the most high-profile appearance for a Chinese automotive brand going global. VOYAH's exhibition ... Continue reading

Interest Rates and Inflation Lift Cost of Auto Repair in Canada and Influence Owners to Keep Their Vehicles Longer, J.D. Power Finds

Interest Rates and Inflation Lift Cost of Auto Repair in Canada and Influence Owners to Keep Their Vehicles Longer, J.D. Power Finds

TORONTO--Owners of vehicles that are 4 to 12 years old are feeling the sting of inflation in Canada as the cost of maintenance and repair continues to climb, according to the J.D. Power 2024 Canada Customer Service Index—Long-Term (CSI-LT) Study,SM released today. The average cost of a visit to the dealership has ris ... Continue reading

1935 DUESENBERG MODEL SJ SPEEDSTER BY GURNEY NUTTING WINS THE PENINSULA CLASSICS' RENOWNED BEST OF THE BEST AWARD

1935 DUESENBERG MODEL SJ SPEEDSTER BY GURNEY NUTTING WINS THE PENINSULA CLASSICS' RENOWNED BEST OF THE BEST AWARD

LONDON, Sept. 4, 2024 -- The Peninsula, whose international hospitality brand has epitomised glamour and luxury for nearly a century, has announced the 1935 Duesenberg Model SJ Speedster as the winner of its highest honour, The Peninsula Classics Best of the Best Award 2023. ... Continue reading

Hyundai Reports Record Sales For August 2024

Hyundai Reports Record Sales For August 2024

Hyundai Motor America reported record total August sales of 79,278 units, a 22% increase compared with August 2023. ... Continue reading

Auto Care Association Celebrates Over 100,000 Letters Sent to Congress Urging Passage of REPAIR Act Legislation

Auto Care Association Celebrates Over 100,000 Letters Sent to Congress Urging Passage of REPAIR Act Legislation

BETHESDA, Md., Sept. 4, 2024 -- The Auto Care Association is proud to announce a significant milestone in the ongoing fight for consumers' Right to Repair. ... Continue reading

Mazda August 2024 US Sales

Mazda August 2024 US Sales

Second Best-Ever Month in U.S. Sales History IRVINE, Calif., Sept. 4, 2024 Mazda North American Operations (MNAO) today reported total August sales of 41,259 vehicles, an increase of 36.7 percent compared to August 2023. ... Continue reading

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