Retail sales for used car dealerships in Canada fell below other major auto sectors, declining 11.5% in the first quarter of the year, according to DesRosiers Automotive Consultants (DAC). That comes thanks to a 33.9% decline in March. As for …
Customers using VW Credit to finance their car can purchase a Volkswagen vehicle without stepping food in a dealership. The OEM is now offering car buyers the ability to send a remote digital signature through its Sign Anywhere solution when …
The U.S. automotive industry’s recovery from the impact of the novel coronavirus could take years, even as the industry has signalled a slow climb back. According to the Bank of America Corp.’s annual Cars Wars forecast, the global vehicle sales …
After a suspected cyber attack forced Honda to pause production at certain plants earlier this week, the automaker has now resumed operations. A company spokesperson said their customer’s personal information was not affected. “The suspected attack was the second on …
Dealerships in the United Kingdom could become places to “try” rather than “buy” a vehicle as consumers look to online purchasing options, according to Steve Fowler, Editor-in-chief at Auto Express. Automaker bosses, he said, admitted they were caught napping when …
Honda has halted production at some plants after a cyber attack disrupted its internal network. The issue of its car inspection system, which was not able to access computers at certain facilities, was discovered early in the week. “Production has …
Ford expects production at its U.S. plants to return to pre-COVID levels by early July. “By July 6, we will expect to have all of our U.S. plants operating at pre-COVID patterns,” said Chief Operating Officer Jim Farley. “We’re really …
Automotive parts provider Continental is looking to save money after being hard-hit by COVID-19, and may have to lay off workers due to lowered demand for its products. “This will be very painful, but we have no other choice,” said …
Politicians from major political parties in Australia have criticized the closure of General Motors’ Holden brand. “I acknowledge that times change, businesses adapt and come and go, and they have a right to do so. But in doing so they …
U.K. drivers could get up to 6,000 pounds (CA$10,200) via a new car scrappage scheme that British Prime Minister Boris Johnson is considering. It would require the driver to exchange their diesel and gas-engine vehicle for an electric one. The …
Financial institution Wells Fargo, known for providing car shoppers with loans, will stop indirect auto lending at up to 1,100 independent car dealerships in the U.S. “As a responsible lender, we also have an obligation to review our business practices …
Business is booming for some U.S. car dealers as automakers increase production, even as they anticipate some inventory shortages over the coming months. “It will take a while for the factories and the suppliers to get momentum going again,” said …
