News
Transparency and affordability matter more as car buyers grow wary of price hikes
5+ hour, 1+ min ago (363+ words) Rising vehicle prices are reshaping buyer expectations, according to a new study by the Harris Poll, underscoring the growing need for transparency as dealers work to close deals in today's market. The details: The study'conducted among 2, 085 U. S. adults'found that as higher…...
Cannon Motor Co. buys new dealership in Mississippi
4+ hour, 44+ min ago (209+ words) Driving the news: Cannon Motors of Mississippi bought a Stellantis dealership in Mississippi from Chief Automotive Group in a deal that closed April 1. For context: Crown Chrysler, Dodge, Jeep, Ram, Fiat is in Pascagoula, Mississippi, on the Gulf Coast, where…...
U. S. manufacturing hits one-year high as auto output jumps amid supply chain risks
4+ hour, 46+ min ago (388+ words) U. S. factory production surged to its highest level in more than a year in April, with auto manufacturing helping drive the gains, though the conflict in Iran could create near-term supply chain risks. The details: According to the Federal Reserve, manufacturing…...
Report: Dealers are advertising too late in a buyer's journey
4+ hour, 57+ min ago (888+ words) Car buyers already have finalists before they even click a typical listing site. That's the punchline of a new joint study that drops later today (May 18) from The Trade Desk Intelligence, an independent media buying platform, and PA Consulting. The…...
Aqueel Ahmed acquires 3 Chicago dealerships + Tom Wood Automotive shares MPI goal
2+ day, 8+ min ago (573+ words) Happy Saturday! We're rolling out a major upgrade to CDG Temp Check " our real-time dealer pulse survey tracking what stores are seeing on the ground. The survey takes less than 1. 5 minutes, all responses are fully anonymized, and participating dealers will…...
CDG opens free workshops to dealers, kicks off with F&I stack review
3+ day, 2+ hour ago (143+ words) Jeremy Haile from Engine One Dealer Consultants is scheduled to walk dealers through a full F&I stack review on Tuesday, May 19, as part of CDG Workshops, a new Car Dealership Guy forum connecting operators and industry sources. What to…...
81% of recent car shoppers considered used options as affordability woes persist
3+ day, 7+ hour ago (460+ words) Affordability continues to be a driver in vehicle purchasing decisions, with buyers looking at new and used options to find the top value and arriving at dealerships more informed. According to the Santander US Paths to Prosperity 2026 Q1 study, 81% of recent…...
Ford expands beyond EVs with energy storage push as stock surges 13%
3+ day, 7+ hour ago (472+ words) Ford got a major boost this week after announcing its new energy storage business, sending its stock up 13% Wednesday, Reuters reported. The details: A wholly owned subsidiary of Ford Motor Company, Ford Energy will provide battery energy storage systems (BESS)…...
Study sparks fresh scrutiny of auto insurance costs as consumers shop rates in record numbers
3+ day, 8+ hour ago (443+ words) Auto insurance payouts have fallen sharply over the past few decades, even as premiums have climbed, likely adding to growing consumer concerns about the overall cost of vehicle ownership. First things first: According to a study by the Vanderbilt Policy…...
Op-Ed: Auto brokers are undermining MAAP compliance with a dangerous double standard
3+ day, 11+ hour ago (758+ words) Much has been made of late about the existence and impact of brokers in retail automotive. Criticisms largely revolve around the fact that these individuals and organizations operate without appropriate licenses, and many are given access to OEM back-end systems…...