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Summit Updatesby StaffJune 24, 2022

Expand Your Business at Agent Entrepreneur Exchange in Fort Worth

Apply today to qualify for a complimentary trip to AEX on July 20-22 in Fort Worth, Texas.

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Salesby StaffJune 24, 2022

Volkswagen AG to List Porsche Automaker

The automaker will stick to its plan to list its Porsche sports-car maker later this year as to finance its pivot toward electric vehicles (EVs).

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Industryby StaffJune 24, 2022

Regulators Eye New Safety Regulations for Vehicle Cabins

NHTSA has announced occupant protection safety standards for vehicles with automated driving systems, covering everything from seatbelt reminders to advanced airbags.

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Industryby StaffJune 23, 2022

Cox Automotive: Wholesale Used-Vehicle Prices Unchanged in First Half of June From Seasonal Adjustment

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were essentially unchanged from May after the first 15 days of June.

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Industryby StaffJune 23, 2022

Study Finds Gen-Z Car Shoppers Spend More Time Researching and Find Purchase Process More Difficult Than Older Generations

Gen Z shoppers report they experience more problems compared to Baby Boomers, including 45% of Gen Z frustrated with waiting on a salesperson and 52% with additional fees.

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Salesby StaffJune 22, 2022

Weekly Market Report

Sporty Cars traditionally decline during this time of year, but the segment is still reporting increases with an average weekly increase of +0.24% over the last eleven weeks.

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Industryby StaffJune 21, 2022

Acquisitions Continue for Two Automotive Groups

West Herr Automotive Group purchased a Mazda dealership this month while Gee Automotive Cos. purchased another Subaru dealership

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Industryby StaffJune 21, 2022

Russian Automaker Producing Vehicles Without Standard Safety Features

AvtoVAZ has started building vehicles without airbags, antilock brakes and other safety features because international sanctions have blocked imports of needed parts.

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Industryby StaffJune 21, 2022

LMP Automotive Holdings Sues Two Dealerships for Acquisition Deposits

LMP Automotive Holdings Inc. sues dealership owners in New York and Texas for a combined $3 million in deposits it made to acquire their stores.

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Salesby StaffJune 16, 2022

Auto Execs Say Consumer Demand Remains Strong

GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.

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