Insights from Carol Kitts on the automotive industry
On her first day working at an auto dealership, Carol Kitts sold four cars. “I was so excited, so pumped,” Kitts said. Then her general manager, who had recruited her…
EV registrations are cool for once-hot brands as Tesla dominates
Experian registration data for January to May reflects the more difficult climate, especially for EV brands that grew rapidly last year but have failed to maintain the momentum. Because not…
Port of Vancouver strike would affect auto retail
BCMEA, which represents a range of port employers, including terminal operating companies and shipping agents, said the notice was a “regrettable development” after months of talks. The previous collective agreement…
Ally All Ears podcast: Tips for maintaining sales and F&I momentum in a higher-interest rate environment
Matt Siman, area growth leader at Ally Financial, discusses ways dealerships can increase F&I product penetration and maintain F&I margins even as the affordability squeeze gets tighter. advertisement: With nearly…
Cost of Windshield Replacement Is Going Up
Today, it seems as if the prices on just above everything (food, gas, rent) are going up–and glass is no exception. Unfortunately, maybe not all that surprisingly, the cost of…
Elon Musk commits to remaining Tesla CEO, touts Cybertruck
On the CEO question, Musk said he wanted to oversee the automaker’s development of artificial intelligence and artificial general intelligence that would enable Tesla vehicles to operate as robotaxis. Humanoid…
BMW’s premium status helps in the Chinese price war. Zipse says
BMW was the No.1 German premium brand by unit sales in the first quarter. Its China sales fell 6.6 percent to 195,100 vehicles. Mercedes-Benz sales increased to about 190,000 from…
Lucid Q1 earnings: Automaker posts $780 million loss
Lucid is still in the early stages of raising brand awareness and converting EV shoppers to Air owners. “We’re still early on in our customer growth stage of innovators and…
Kia plans an EV sales blitz by 2030 with the first dedicated EV factory
Kia’s upbeat outlook comes amid increasing enthusiasm for EVs across the industry as automakers from Japan to Europe and the US raise sales expectations amid stronger customer interest and government…
Silicon Valley Bank bust could worsen funding for tech startups
Now, startups need other banks to take on SVB’s role. “With going away and not being available when the next startup needs capital, there’s less competition and less availability, and…