Auto News

Black Book: Weekly Market Update

By Tricor Admin | August 27, 2024

August New Sales Expected Healthy

By Tricor Admin | August 27, 2024

S&P said it expects inventories to keep building as the year progresses and for incentives to remain robust. Pexels/Sarmad Mughal An early August new light-vehicle sales estimate puts volume up both month-over-month and year-over-year for a strong late-summer showing. The S&P Global Mobility report has the month’s sales up 11% over July’s and up 7%…

New Used-Car Shopping Guide Caters to Biggest Chunk of Shoppers

By Tricor Admin | August 27, 2024

Toyota and its luxury brand, Lexus, top Consumer Reports’ first reliability rankings for used vehicles. So many American consumers are shopping only used cars that Consumer Reports just added a review category for the segment. The nonprofit researcher and tester said a survey it conducted in June showed 40% of people looking to buy a…

Service to Rescue Stranded Cars From Floodwaters

By Tricor Admin | August 26, 2024

App service says 1.6 million cars were destroyed in floodwaters the past five years. Pexels/Kaique Rocha As hurricane season rolls across storm-prone states, an auto industry application is offering a service that could save cars from ruin in floodwaters. California-based Way.com said it’s partnered with Cure Auto Insurance to create a “white glove” service that…

Is It Time to Rethink Business Development Centers?

By Tricor Admin | August 26, 2024

Pexels/Karolina Grabowska In automotive sales, dealerships are increasingly turning to business development centers to handle both the complexities of modern communication and improved customer management. The digital revolution has significantly impacted our automotive industry. With the continuous rise of online platforms—ranging from email, text, chat bots, and messaging applications to dealership-specific apps—traditional sales roles are…

Mélon Appointed iA American EVP of Sales

By Tricor Admin | August 23, 2024

Mélon has more than 35 years of experience in the automotive industry. Isabel March Photography iA American Warranty Group (iA American) announced that Eric Mélon has stepped into the role of executive vice president of sales. With over 35 years in the automotive industry, he has trained thousands of sales and management personnel throughout the…

High Tech Doesn’t Always Win Over Consumers

By Tricor Admin | August 23, 2024

Many people value hands-on technology rather than advanced driver-assistance systems and don’t like passenger display screens, deeming them unnecessary and hard to use. Pexels/Erik McIean Automotive consumers don’t give high marks to new vehicles’ high-tech features, based on the results of J.D. Power’s latest U.S. Tech Experience Index. Hyundai’s brands again dominate automaker rankings on…

A Backup Plan

By Tricor Admin | August 22, 2024

The CDK Global software outage pointed up the wisdom of switching to the electronic-contracting technology some dealers have avoided adopting. Pexels/Sora Shimazaki The early-summer outage of CDK Global’s software systems turned out to be one of those events that presents a necessary contrast in hindsight. Thousands of automotive dealers found themselves thrust back into the…

Holman Celebrates 100 Years of ‘Driving What’s Right’

By Tricor Admin | August 22, 2024

A 1960s shot of the showroom at the original Holman Ford dealership. Joe Holman, son of founder Steward Holman, is in the foreground to the right. Holman a global automotive services leader, is celebrating the organization’s 100th anniversary. Founded by Steward C. Holman on Aug. 23, 1924, Holman began as a single Ford dealership in…

Mustangs Recalled Over Suspension Defect

By Tricor Admin | August 22, 2024

The 2024 Mustangs, if they have the defect at issue, could crash due to loss of steering control. Ford recalled about 5,000 Mustangs due to a suspension issue that could lead to loss of vehicle control. The 2024 cars’ rear suspension may be built with a knuckle with a casting defect that can cause the…