Bobit Business Media Search Engine
Search
Search All Fields
Show More Like This
Sort by: Best match | Post Date | Number Of Views | Random | Number Of Comments
Categories: Dealer Ops, Industry, Sales, Showroom
BMW Announces It will Meet 2022 Output Targets

Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.

https://www.agent-entrepreneur.com/368091/bmw-announces-it-will-meet-2022-output-targets
Categories: Dealer Ops, Industry, Showroom
Toyota Announces Plans to Cut Global Production Amid Chip Shortage

Toyota Motor Corp will cut global production by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage.

https://www.agent-entrepreneur.com/368088/toyota-announces-plans-to-cut-global-production-amid-chip-shortage
Categories: Dealer Ops, Industry, Showroom
BMW, Toyota Back on Top as America's Most-Shopped Vehicle Brands

High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.

https://www.agent-entrepreneur.com/368081/bmw-toyota-back-on-top-as-americas-most-shopped-vehicle-brands
Categories: Dealer Ops, Industry, Showroom
GM Delays Plans to Hire 3,000 Salaried Workers

The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.

https://www.agent-entrepreneur.com/368077/gm-delays-plans-to-hire-3-000-salaried-workers
Categories: Dealer Ops, Industry, Showroom
 S&P Mobility Report: Age of Light Vehicles Rises Again

S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.

https://www.agent-entrepreneur.com/368075/sp-mobility-report-age-of-light-vehicles-rises-again
Categories: Dealer Ops, Industry, Showroom
Toyota and Honda Neck in Neck in WRI Study

The 2022 Working Relations Index shows Toyota in first place, with Honda rapidly closing in.

https://www.agent-entrepreneur.com/368068/toyota-and-honda-neck-in-neck-in-wri-study
Categories: Fixed Ops, Industry
May Monthly Specialty Market Updates

Notable recent auction sales include a 2017 Ferrari LaFerrari Aperta.

https://www.agent-entrepreneur.com/368058/may-monthly-specialty-market-updates
Categories: Dealer Ops, Industry, Showroom
GM Hedges its Bets on Ultium Platform

General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake...

https://www.agent-entrepreneur.com/368050/gm-hedges-its-bets-on-ultium-platform
Categories: F&I, Fixed Ops, Industry
Tesla Insurance Options Pick Up Steam

The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.

https://www.agent-entrepreneur.com/368047/tesla-insurance-options-pick-up-steam
Categories: Dealer Ops, Fixed Ops, Industry, Showroom
Illinois Suspends Carvana Dealer License

The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.

https://www.agent-entrepreneur.com/368043/illinois-suspends-carvana-dealer-license
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales
With New-Vehicle Prices Climbing in April, Affordability Declines Further

New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s...

https://www.agent-entrepreneur.com/368045/with-new-vehicle-prices-climbing-in-april-affordability-declines-further
Categories: Compliance, Dealer Ops, Industry, Showroom
Attorney Generals Sue EPA over Clean Air Act Waiver

The challenge arises over the EPA decision to reinstate the waiver and withdraw its interpretation of the Clean Air Act that would prohibit other states...

https://www.agent-entrepreneur.com/368041/attorney-generals-sue-epa-over-clean-air-act-waiver
Categories: Compliance, Industry
NADA Leads the Charge on Combatting Growing Problem of Catalytic Converter Theft

This week, NADA and 12 industry partners urged Congress to take up the PART Act to help fight catalytic converter theft, and specifically asked for the...

https://www.agent-entrepreneur.com/368037/nada-leads-the-charge-on-combatting-growing-problem-of-catalytic-converter-theft
Categories: Compliance, Dealer Ops, Industry
Trade Groups Demand Action as Catalytic Converter Thefts Soar

The National Automobile Dealers Association and 12 other trade groups to urge Congress to advance a bipartisan bill to combat this rising threat.

https://www.agent-entrepreneur.com/368035/trade-groups-demand-action-as-catalytic-converter-thefts-soar
Categories: Auto Finance, Fixed Ops, Industry
Black Book: Market Insights

The Estimated Average Weekly Sales Rate continues to increase and now is at 72%.

https://www.agent-entrepreneur.com/368027/black-book-market-insights
Categories: Auto Finance, Fixed Ops, Industry
Despite a Series of Challenges, Consumer Credit Health Remains Relatively Strong in Opening Quarter of 2022

Q1 2022 TransUnion Credit Industry Insights Report explores latest credit trends.

https://www.agent-entrepreneur.com/368000/despite-a-series-of-challenges-consumer-credit-health-remains-relatively-strong-in-opening-quarter-of-2022
Categories: Auto Finance, Fixed Ops, Industry
Commercial Vehicle Data Shows Continued Buyer Challenges

While demand for commercial vehicle inventory remained high, several movements in the data indicated there are trends shaping the industry and driving buyer...

https://www.agent-entrepreneur.com/367960/commercial-vehicle-data-shows-continued-buyer-challenges
Categories: Auto Finance, Dealer Ops, Industry
Black Book’s Used Vehicle Retention Index Drops Again as Rollercoaster Ride Continues

The seasonally adjusted Retention Index went down to 185.4 points in April 2022 as high gas prices strengthen some segments and weaken others.

https://www.agent-entrepreneur.com/367945/black-books-used-vehicle-retention-index-drops-again-as-rollercoaster-ride-conti
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
Black Book: Weekly Market Insights

The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.

https://www.agent-entrepreneur.com/367931/black-book-weekly-market-insights-1
Categories: Industry
Cox Automotive: Implications of Fed Moving Rates Higher and Starting Quantitative Tightening

The Fed delivered on expectations today by raising the target rate for the Federal Funds Rate by half of a percentage point and announcing the plan to start...

https://www.agent-entrepreneur.com/367929/cox-automotive-implications-of-fed-moving-rates-higher-and-starting-quantitative
Categories: Dealer Ops, Industry, Sales, Showroom
Toyota, Honda, Hyundai and Kia Sales Plummet in April

The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.

https://www.agent-entrepreneur.com/367923/toyota-honda-hyundai-and-kia-sales-plummet-in-april
Categories: Dealer Ops, Industry, Showroom
GM Looks to Pricing Power and Pent-Up Demand to Keep Profits High

The automaker saw a Quarter One net income of $2.9 billion, just 2.7% lower than 2021, despite $2.5 billion in increased costs as global revenue rose 11%.

https://www.agent-entrepreneur.com/367921/gm-looks-to-pricing-power-and-pent-up-demand-to-keep-profits-high
Categories: Auto Finance, Dealer Ops, Industry, Product & Technology, Showroom
Toyota to Hit Tax Credit Limit for EVs and Hybrid Vehicles

Toyota Motor Corp. is getting closer to using up a key U.S. tax credit for hybrid and electric vehicles, a situation company leaders say will raise its...

https://www.agent-entrepreneur.com/367919/toyota-to-hit-tax-credit-limit-for-evs-and-hybrid-vehicles
Categories: Dealer Ops, F&I, Fixed Ops, Industry, Meet the Executive
Protective Closes on AUL Acquisition

Acquisition adds complementary product portfolio to Protective's asset protection division.

https://www.agent-entrepreneur.com/367910/protective-closes-on-aul-acquisition
Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry, Sales, Showroom
Car Lease Options in a Chip Shortage Pandemic

Inventory shortages have vehicle lessees re-evaluating their end-of-lease options.

https://www.agent-entrepreneur.com/367901/car-lease-options-in-a-chip-shortage-pandemic
Categories: Auto Finance, Dealer Ops, Industry, Sales
Penske Automotive Group More Than Doubles Q1 Net Income

Penske Automotive Group first quarter net income sored from $183.1 million year over year to $369.5 million.

https://www.agent-entrepreneur.com/367876/penske-automotive-group-more-than-doubles-q1-net-income
Categories: Dealer Ops, Fixed Ops, Industry, Product & Technology, Showroom
Parts and Services Bounce Back

Most categories of dealership service and parts businesses have recovered from COVID-19 shutdowns, especially customer-pay work.

https://www.agent-entrepreneur.com/367863/parts-and-services-bounce-back
Categories: Dealer Ops, Industry, Showroom
GM Asks Suppliers to Sign Pledge to Carbon Neutrality

General Motors has requested its suppliers to sign a pledge of carbon neutrality and commit to social responsibility programs and sustainable procurement...

https://www.agent-entrepreneur.com/367861/gm-asks-suppliers-to-sign-pledge-to-carbon-neutrality
Categories: Dealer Ops, Fixed Ops, Industry, Showroom
Microchip Supply Shortage Continues to Hamper Vehicle Production

The ongoing microchip supply shortage has caused automakers to trim 87,500 more vehicles from their production forecasts, reports AutoForecast Solutions.

https://www.agent-entrepreneur.com/367859/microchip-supply-shortage-continues-to-hamper-vehicle-production
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales
ZeroSum Market First Report: April 2022 Automotive Inventory Data and Sales Forecasts

The consistency of new vehicle inventory levels over the last six months suggests that the industry is readjusting to a ‘new normal’ level of inventory...

https://www.agent-entrepreneur.com/367845/zerosum-market-first-report-april-2022-automotive-inventory-data-and-sales-forec
Categories: Industry
EVs Drive Changes in F&I

As electric vehicles become more commonplace, the need for dedicated F&I products grows.

https://www.agent-entrepreneur.com/367798/evs-drive-changes-in-fi
Categories: Auto Finance, Dealer Ops, Industry, Sales
Cox Automotive: 10 Takeaways from U.S. Auto Sales in Q1 2022

The team at Kelley Blue Book has assembled two broad reports from the first quarter: One is a look across industry-wide U.S. sales in Q1, the other a narrow...

https://www.agent-entrepreneur.com/367793/cox-automotive-10-takeaways-from-u-s-auto-sales-in-q1-2022
Categories: Dealer Ops, Industry, Sales, Showroom
Autotrader Names 10 Best Electric Vehicles for 2022

To help car shoppers discern the best among all available new EVs, Autotrader has named the 10 Best Electric Vehicles for 2022. 

https://www.agent-entrepreneur.com/367791/autotrader-names-10-best-electric-vehicles-for-2022
Categories: Dealer Ops, Industry, Sales, Showroom
CPO Sales Bested February Totals

The industry saw 14.3% month over month growth, but CPO sales still fell 23.3% short of 2021 sales for the same month.

https://www.agent-entrepreneur.com/367789/cpo-sales-bested-february-totals
Categories: Auto Finance, Fixed Ops, Industry, Sales
Market Insights from Black Book

Higher gas prices are affecting the demand for trucks and SUVs – almost all the non-luxury crossover / SUV and pickup segments of all ages are depreciating...

https://www.agent-entrepreneur.com/367782/market-insights-from-black-book-3
Categories: Auto Finance, Dealer Ops, Industry, Sales
High Vehicle Prices Expected to Hold Their Grip on Auto Industry

Consumers seeking lower prices on dealership lots must wait until 2023, reported auto-industry leaders at the New York International Auto Show.

https://www.agent-entrepreneur.com/367780/high-vehicle-prices-expected-to-hold-their-grip-on-auto-industry
Categories: Dealer Ops, Digital, Industry, Product & Technology
Do Dealers Embrace EV Sales?

Industry leaders dispel the notion that dealers do not support EV sales.

https://www.agent-entrepreneur.com/367775/do-dealers-embrace-ev-sales
Categories: Dealer Ops, Industry, Showroom
Stellantis Suspends Production at Kaluga Plant

Stellantis has suspended production at its Russian plant, which employs 2,700 people, over logistical difficulties and sanctions imposed on Moscow.

https://www.agent-entrepreneur.com/367773/stellantis-suspends-production-at-kaluga-plant
Categories: Industry
LMP Automotive Holdings Provides a Corporate Update and Announces it will Delay its 2021 Financial Results

The Company will hold a conference call to discuss these financial results when it ascertains a definitive filing date.

https://www.agent-entrepreneur.com/367754/lmp-automotive-holdings-provides-a-corporate-update-and-announces-it-will-delay-its-2021-financial-results
Categories: Dealer Ops, Industry, Opinion, Showroom
Auto Experts Weigh in on the Semiconductor Shortage

Experts suggest automakers focus their attention on the user experience and greater collaboration as they content with limited semiconductor chip supplies.

https://www.agent-entrepreneur.com/367733/auto-experts-weigh-in-on-the-semiconductor-shortage
Categories: Dealer Ops, Digital, Industry, Product & Technology, Showroom
Hyundai Advances EV Strategy

Hyundai Motor Corp. will build an assembly plant in the U.S. for electric vehicles and batteries, COO Jose Muñoz announced.

https://www.agent-entrepreneur.com/367731/hyundai-advances-ev-strategy
Categories: Dealer Ops, Industry, Showroom
GM Enters Agreement to Buy Cobalt from Glencore Plc

GM reported it had agreed to a multiyear deal for cobalt from Glencore’s Murrin Murrin mine in Australia.

https://www.agent-entrepreneur.com/367728/gm-enters-agreement-to-buy-cobalt-from-glencore-plc
Categories: Auto Finance, Fixed Ops, Industry
Black Book Market Insights

The Estimated Average Weekly Sales Rate decreased a little last week to 67%, with sellers holding firm to floor pricing.

https://www.agent-entrepreneur.com/367717/black-book-market-insights-4
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
BMW Q1 Sales Rise 3.2%

The luxury automaker credits strong factory-dealer communications as the reason dealers could sell into the pipeline.

https://www.agent-entrepreneur.com/367708/bmw-q1-sales-rise-3-2
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
NADA Issues U.S. Auto Sales and Economic Analysis Following First Quarter 2022

The first quarter of 2022 came to a close with new-light vehicle sales in March totaling a SAAR of 13.4 million units, a decline of 4.6% compared to...

https://www.agent-entrepreneur.com/367700/nada-issues-u-s-auto-sales-and-economic-analysis-following-first-quarter-2022
Categories: Auto Finance, Dealer Ops, Fixed Ops, Industry, Sales, Showroom
After Slow First Quarter, Manheim Forecasts Used-Vehicle Market to Accelerate in Months Ahead

Manheim Market Report values saw weekly price increases that accelerated in each full week of March after the first week saw the smallest decline thus far...

https://www.agent-entrepreneur.com/367698/after-slow-first-quarter-manheim-forecasts-used-vehicle-market-to-accelerate-in-months-ahead
Categories: Industry
How to Survive the Safeguards Rule

While an F&I agency would likely have access to consumer information both less in quantity and sensitivity than what a dealership possesses, the information...

https://www.agent-entrepreneur.com/367681/how-to-survive-the-safeguards-rule
Categories: Dealer Ops, Digital, Industry, Product & Technology, Showroom
GM and Honda to Collaborate on Affordable EVs

General Motors and Honda Motor Co. announced plans to develop a line of affordable electric vehicles (EVs) with a focus on compact crossovers.

https://www.agent-entrepreneur.com/367671/gm-and-honda-to-collaborate-on-affordable-evs
Categories: Dealer Ops, Industry, Showroom
COVID-19 Shutters Production in China

Tesla Inc. has had to shut down its plant in Shanghai for a total of 12 production days in recent weeks because of China’s COVID-19 lockdowns.

https://www.agent-entrepreneur.com/367668/covid-19-shutters-production-in-china
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
Black Book’s Used Vehicle Retention Index Drops for the First Time Since July of 2021

The seasonally adjusted Retention Index went down to 187.7 points in March 2022 as modified Spring arrives late.

https://www.agent-entrepreneur.com/367658/black-books-used-vehicle-retention-index-drops-for-the-first-time-since-july-of-2021


  Results 1 - 50 of 323
10 | 20 | 50 items per page