Image: Fred Beans Fred Beans Automotive Group has acquired four Abington, Pennsylvania dealerships, as well as a collision center from Rosenthal Automotive Organization. According to Automotive News, the dealerships Fred Beans bought include Acura, Honda, Hyundai and Mazda of Abington, with the collision center located in Fred Beans’s new Honda dealership. The Acura ZDX Returns … Read more
Car dealers are terrified of direct sales. They see protecting the franchise sales model as paramount. I mean, how else are they going to charge for crap you don’t need and try to force you into financing their bonuses plus the price of the car for 84 months? Skipping the middle man is such a … Read more
2023 Lincoln Corsair ReserveImage: Lincoln Lincoln dealers have a big problem. Aside from having just four models to sell, dealers have a bunch of cars from one and two model years ago that they haven’t been able to move. As Automotive News reports, this means Lincoln dealers have some of the highest inventory levels in … Read more
Photo: skynesher (Getty Images) As it turns out, the vast majority of Americans think car dealerships are out to rip them off. The new KPA 2024 Dealership Trust Survey shows some fairly extreme gaps between perception and reality when it comes to pricing and financing. Ford Wants to Sell EVs Online The survey revealed that … Read more
Happy Friday! It’s January 26, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Tesla Stock Keeps Falling After Warning Of Soft 2024 Growth Just yesterday, we talked about Tesla’s eight … Read more
Image: Volkswagen The average American household earned $74,580 in 2022 across all industries, according to U.S. Census Bureau data. The salary gap between women who work at car dealerships and men who work at franchised car dealerships is approximately one average American household, according to new survey data from Automotive News. Men in the industry … Read more
Image: David Zalubowski (AP) Junk fees plague industries like hotels and airlines and end up costing consumers billions every year in add ons, “administrative fees” and other overpriced nonsense. The fees really come out of the woodwork at car dealerships, it seems. While it was enough of a problem for the federal government to take … Read more
Sales of passenger vehicles in the local market increased in moderate single-digits to 286,390 units last month, taking cumulative volumes for the calendar year over the 4 million mark for the first time in the country. As per data available with industry body Society of Indian Automobile Manufacturers (SIAM) as many as 4,101,600 cars, sedans … Read more
Happy Wednesday! It’s January 10, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Tesla Lowers Estimated Range For All Vehicles … Read more
Photo: VinFast The VinFast VF8 is a bad car, and with a base price of nearly $50,000, you can’t even make the argument that it doesn’t need to be fancy because it’s cheap. Despite that (and all the negative reviews that came from the press launch), VinFast decided to start selling its cars in the … Read more
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