GM clearing production bottlenecks in 2023
Keith McCluskey, chairman of the Chevrolet National Dealer Council, told Automotive News that company leaders said in the make meeting that GM is purchasing 400 heavy-duty trucks to deliver vehicles...
Lincoln eases EV charger demand on car dealers
The opt-in window for the program, which requires dealers to invest as much as $900,000 to sell future EVs, already has closed, and Craig said Lincoln does not plan to...
ADESA President John Hammer to leave in February
Polley, in a statement, said he expected Hammer to have "a tremendous impact on the continued progress we are making growing Spectrum's platform." After Hammer leaves, ADESA will be co-led...
Colorado targets car dealer warranty reimbursement parity
The bill would also impose a limit on automakers' ability to challenge dealership rates for warranty parts and labor "when the rates are substantially different than the charges of other...
Why Super Bowl auto ad spending is trending down
Kia, which plugged its electric EV6 in last year’s game, for this year’s ad will highlight its gas-powered 2023 Telluride X-Pro, said Kia America Marketing Vice President Russell Wager. He...
Swope Family of Dealerships managers embrace collaboration
That program prompted her to reflect on her previous job, where she had been one of several finance managers in one store, which created ample opportunities to bounce ideas around....
What Alpine says about the future of Renault-Nissan
Siphoning away 100,000 or so U.S. sales in 2030 isn't going to break anybody, even if Alpine manages to do it. But consider the management distraction it will create. The...
Gentex says Q4 net income rose 2.3% while revenue improved 18%
Automotive mirror supplier Gentex Corp. said its fourth-quarter net income rose 2.3 percent to $86.2 million as customers improved production from previous quarters. The company, which primarily produces automatic-dimming rearview...
Group 1 growth in 2023 could slow due to high interest rates
One factor that could slow the pace of acquisitions is rising interest rates. Kenningham acknowledged that rate hikes have increased the cost of capital for making acquisitions. "You have to...
Mike Alford: Dealers are risk-takers and entrepreneurs
Alford said NADA’s commitment to the franchise system comes at a transitional time in the industry, as more automakers electrify their vehicle lineups and experiment with new sales models. At...