The OEM crossover vehicle market is expected to increase this year compared to 2020, according to a Technavio market research report. This includes compact, sub-compact, mid-size and full-size crossovers. The technology research and advisory company estimates that the market will …
Factory shutdowns are confirmed in Japan as Toyota plans to make significant cuts to its new car production for the remainder of August and for September, leading to roughly a 40 per cent decrease in the number of finished vehicles …
Europe’s auto manufacturers may be looking at a lower profit outlook after seeing earnings increase in the first half of the year, as sales recovered from the pandemic. Demand continues to strengthen, but Forbes notes that margins “will be under …
The average transaction price of a new vehicle in the U.S. in July reached a record $41,044, according to The Car Connection. The previous high was $39,942 in June. “Too few vehicles in inventory mean the sales pace in July …
Tesla could licence its full self-driving technology to other OEMs, according to comments made by CEO Elon Musk during an AI Day presentation, based on Autocar. “Well, it is fundamentally extremely expensive to create the system, so somehow that has …
Volkswagen’s first ID.4 electric vehicle rolled off the production line, although mass production is only expected to commence in 2022. The vehicle rolled out of the Chattanooga, Tennessee factory and was used as a validation build to test the assembly …
In July, most provinces experienced sales decreases, but some did manage to increase sales for the month, according to DesRosiers Automotive Consultants (DAC). “Provincial performance remained mixed moving into the second half of 2021,” said Andrew King, Managing Partner of …
Dealers in the United States continue to invest more resources in video for advertising—particularly during the second quarter of the year compared to Q1 2021 and Q2 2020, according to PureCars. Based on its digital advertising data, Q2 video views …
DecisioningIT’s Founder and President André-Martin Hobbs was recognized at the International Transportation & Automotive Summit in Las Vegas, Nevada in July thanks to “Lucy”—a program that takes the guesswork out of the F&I manager’s job. More specifically, he was bestowed …
F&I provider LGM Financial Services found that their active use of artificial intelligence (AI) and rules-based solutions led to a better claims experience for their dealer customers. AI acted as a key driver in creating more efficiencies during the process …
FIX4 Capital raised $7.2 million in its first round seed funding to help move its growth plans forward. The news is noteworthy because FIX4 Capital, founded in early 2000, aims to provide affordable and flexible car repair loans. The company …
Consumers crave personal and conventional messaging, according to a 2021 Local Business Messaging Trends report released by Podium, which states that local businesses are “uniquely positioned to win” against online and e-commerce businesses with SMS marketing. The report, which explores …
