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Newsby StaffSeptember 27, 2022

BMW Predicts Sales Growth in 2023

BMW will reach the higher end of its 7-9% margin target for its vehicle business and will see slight sales growth in 2023, forecasted CFO Nicolas Peter in a roundtable this week.

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Newsby StaffSeptember 27, 2022

Hertz and BP Pulse to Build EV Charging Network

Hertz has partnered with BP Pulse, BP oil company’s EV charging arm, to build a network of electric vehicle charging stations across the U.S.

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Newsby StaffSeptember 27, 2022

VW Announces Alexa-Guided Test Drives

Customers in select regions can now schedule an in-person Alexa guided test drive of VW’s ID.4 SUV.

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ArticlesSeptember 26, 2022

Executives Predict Opportunity Amid Volatility for the Rest of 2022

Opportunity will knock in the second half of 2022, but industry leaders still recommend those in retail automotive and F&I proceed with caution.

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Newsby StaffSeptember 23, 2022

China Joins Others in Chiding US Over EV Tax Breaks

Big EV battery, materials supplier says cutting it out is ‘discriminatory.’

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Newsby StaffSeptember 23, 2022

Ex NJ Dealership Staffer Charged in Theft Scheme

Former Nissan store ad executive arrested. Prosecutors say he established shell companies to hide crimes.

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Newsby StaffSeptember 23, 2022

Construction Begins on Ford’s New $5.6 Billion EV Manufacturing Complex

The facility will further Ford CEO Jim Farley’s goal to build 2 million EVs annually by the end of 2026.

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Newsby StaffSeptember 22, 2022

Black Book: Specialty Market Insights

Powersports values are declining across the board with one exception as we head into the fall.

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Newsby StaffSeptember 22, 2022

Carmakers Face Supply Price Hikes

Ford isn’t alone in facing cost increases as manufacturers continue to deal with supply shortages.

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Newsby StaffSeptember 22, 2022

New-Vehicle Sales Healthy in First 6 Months

NADA numbers show sales prices rose, though volume was down due to inventory shortages.

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