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Penske Automotive Buys Largest Ford Dealer Network By Sales

The Truth About Cars

Penske Automotive Group has just purchased Michigan’s Bill Brown Ford in Michigan, which sells more Ford-badged automobiles than any other retailer in the world. The above global expansion has been made possible thanks largely to its share price absolutely exploding after 2020. Penske had previously bought Don Allen Auto Service Inc.

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National Auto Dealer Assoc. says it’s all in on EVs. Will dealers step in line?

Electrek

more… The post National Auto Dealer Assoc. Will dealers step in line? says it’s all in on EVs. appeared first on Electrek.

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

A recent survey, conducted by Automotive News , has indicated that automotive dealerships are still broadly dissatisfied with the Biden administration’s strategy to force the United States to pivot toward all-electric vehicles. As for dealers, there’s some amount of disagreement as to what’s holding EVs back.

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Driving Dystopia: 2024 Dodge Charger Daytona Pricing Leaked, Then Confirmed

The Truth About Cars

When news broke that Dodge would be electrifying the Charger as part of its redesign, the assumption was that the resulting product would cost more than the outgoing model. However, leaked documents are suggesting that the new Charger will cost substantially more money than the old one. For many fans, this price range is concerning.

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Price wars fail to boost China's auto consumption

CN EV Post

Many automakers in China launched rare price wars in March to try to boost sales. China's switch to the 6b emissions standard was not the main reason for the wave of price cuts, the CADA said, adding that most dealers said their inventories of 6a-based vehicles are not high and could be cleared by the end of June. Of those, 20.5

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Lucid Motors, Rivian sued by Illinois car dealers for direct sales

Teslarati

Lucid Motors and Rivian were sued by the Illinois Automobile Dealers Association, the Chicago Automobile Trade Association, and some individual franchised auto dealerships in the state for selling vehicles directly to consumers. Sander represents more than 700 auto dealers that operate over 2,300 franchises across the state.

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Time To Buy? New Vehicle Inventories And Incentives Are Up

The Truth About Cars

After several years of swelling vehicle prices and tragically lean inventories, the market has reached a point where dealer lots are getting full and consumers are becoming disinclined to go into quite so much debt in order to purchase a new automobile. Average transaction prices (ATP) have been falling, albeit minimally.

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