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Slowing inflation reported this week appeared to temper the gloomy outlook on Carvana Co. that had set in since the online used-car retailer reported sharply disappointing third-quarter results earlier this month. Carvana’s $508 million net loss sent the company’s shares tumbling to an all-time low of $6.50 early this week. Shares sank more than 53 …
November 12, 2022 12:00 AM The Los Angeles Auto Show will be a springboard for an array of electrified vehicles. Hyundai, Genesis and Toyota are expected to showcase battery-electric or hybrid models in the nation’s largest EV market with several North American debuts. Lucid Motors, the California-based EV maker, and VinFast, a Singapore automaker, will …
L.A. auto show preview: EV, hybrid intros are on tap Read More »
Jewelers have spent decades convincing consumers that little things mean a lot, but a Lexus dealership in suburban Boston has found that the adage applies to more than fancy baubles. Lexus of Watertown has been delivering surprise, custom-built boxes full of branded tchotchkes from its parts inventory to some wholesale parts and service customers and …
Lexus dealer uses Japanese art of ‘omotenashi’ to surprise, delight service customers Read More »
DETROIT — Eric Enty Peterson, a former U.S. vice president of diversity relations for General Motors whose career there spanned more than 40 years, died Nov. 4. He was 70. Under Peterson’s guidance, GM was a leader of diversity and inclusion. He spent much of his career helping minorities and women become auto dealers. Peterson’s …
The first two-door sports car with off-road capabilities from Porsche is a go. Porsche will unwrap the 911 Dakar on Wednesday, Nov. 16, in Los Angeles ahead of the auto show there. It’s a nod to the first overall victory by Porsche in the Paris-Dakar Rally in 1984 with a 911 fitted with all-wheel drive …
Let’s acknowledge right upfront: It might be a tell that a luxury brand’s designers and marketers live in a different world than the masses when they decide that an airline seat should represent the pinnacle of technology and comfort. But that is what Bentley is calling its most technologically advanced and comfortable seat yet, which …
Bentley unveils high-tech, airline-style seat option Read More »
Visit Henson Brand Dealerships’ website, and a pop-up will appear within a few seconds on the home page. “Click here to see our current giveaway,” it reads, with a button inviting visitors to “register to win.” That button leads to a form asking for your name, email address, cellphone number and ZIP code. The giveaways …
Rising interest rates appear to be impacting U.S. dealer lots as inventory levels continue to slowly recover from their historic lows. The supply of vehicles rose by 150,000 last month to 1.47 million, according to data from Cox Automotive and the Automotive News Research & Data Center. The figure is up 67 percent from the …
Hitchcock Automotive sold its remaining three Toyota dealerships in February 2022 after the passing of its legendary founder, Frederick “Fritz” Hitchcock. Toyota of Santa Barbara and Northridge sold to Van Tuyl Companies and Puente Hills Toyota sold to Kaminsky Automotive. Kerrigan Advisors represented Hitchcock Automotive in the sale and had the opportunity to interview Ted …
There may never be the perfect time to sell your dealership. Dealer principals who consider selling are motivated by many reasons; some are related to market conditions and others related to personal goals. Thus, it is rare in our industry to find a dealer who is 100 percent certain that (a) selling is the best …
How the car dealership buy-sell market could shift in the next year Read More »