December 09, 2021
Dealer News
Daimler AG Shareholders Vote for Spin-Off
Staff Writer
October 03, 2021
At the virtual Extraordinary General Meeting of Daimler AG on Oct. 1, the shareholders decided by an overwhelming majority on the historic realignment of the company. The spin-off of the…
Retail Sales Drop in September
Staff Writer
September 30, 2021
Retail sales of new vehicles for this September are expected to reach 888,900 units, a 24.8% decrease compared with September 2020, and a 19.8% decrease compared with September 2019 when…
AG Warns about Deceptive Advertising
Staff Writer
September 30, 2021
Attorney General Maura Healey issued an advisory to consumers and auto dealers, notifying them of their respective rights and obligations when it comes to automobile advertising and pricing. Specifically, the…
Asbury Announces Major Acquisition
Staff Writer
September 29, 2021
Asbury Automotive Group, one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement with Larry H. Miller Group of Companies to acquire Larry…
Cox: Inventory Shortage Dampens Forecast
Staff Writer
September 28, 2021
September U.S. auto sales are forecast to be significantly hampered by an ongoing lack of new-vehicle inventory. According to a forecast released Sept. 27 by Cox Automotive, the pace of…
Study Ranks Dealer Financing Satisfaction
Staff Writer
September 27, 2021
According to the J.D. Power 2021 U.S. Dealer Financing Satisfaction Study, lenders who find ways to form close relationships with dealers and deliver consistently high service levels are best positioned…
Car Shoppers Prefer Traditional Dealerships
Staff Writer
September 24, 2021
Car shoppers—including millennials—prefer the traditional dealer-centric car shopping experience to direct retail by nearly a three-to-one margin. Further, nearly one-third of shoppers expect to lean on a car dealer as…
Shoppers Delaying Car Purchases
Staff Writer
September 23, 2021
Nearly half of car shoppers are exiting the market and delaying their purchase for the next several months due to the impacts of the global microchip shortage on the automotive…
NHTSA Opens New Probe Into 30 million Vehicles With Takata Airbags
Staff Writer
September 22, 2021
The National Highway Traffic Safety Administration (NHTSA) has opened a new investigation into 30 million vehicles built with potentially defective Takata airbags, according to documents seen by Reuters. The NHTSA…
