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Chinese brand apologies to buyers after halving EV’s power via remote update

CarExpert

Hundred of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. The prevalence of OTA updates is set to become standardised as the automotive industry introduces software-defined vehicles as part of the move to electrification. Browse now.

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McLaren supercar business sold to Abu Dhabi-backed CYVN

Motor Authority

McLaren Automotive has been sold by Bahrain sovereign wealth fund Buyer is Abu Dhabi-owned investment consortium Deal likely paves way for first McLaren EV CYVN Holdings, an investment consortium owned by the Abu Dhabi government, has agreed to purchase 100% of McLaren Automotive, the supercar business of McLaren Group.

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Do end-of-year sales really mean good deals?

Shawn Ryder

As the calendar year draws to a close, car dealerships roll out an array of enticing discounts and promotions, aiming to lure in customers looking for the best deals. As dealerships aim to clear their lots of older inventory, they often offer substantial markdowns, trade-in incentives, and financing deals to attract buyers.

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New Car Incentives Rocket By 60% As Automakers Rush To Clear Stock

Carscoops

Automakers are being more generous as they attempt to reduce inventory, with Stellantis offering some of the best deals. Doesn’t sound like a big deal, right? “While some automakers focus on managing production, many will likely maintain or even increase their seasonal incentives to attract buyers.

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Top Digital Advertising Strategies to Increase Sales for Automotive Dealerships

Shawn Ryder

In todays digital landscape, automotive dealerships must leverage effective advertising strategies to boost sales and stay competitive. This blog post will outline top digital advertising strategies that can help automotive dealerships increase sales, along with actionable steps you can take to implement them.

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Over-the-TOP Hyper-Targeted Marketing for Automotive Sales and Service

AutoSuccessOnline

The automotive industry faces unique challenges in the digital age, where the car-buying process has significantly evolved. Over-the-TOP (OTT) Hyper-Targeted marketing offers a compelling solution, enabling dealerships to engage potential buyers effectively by leveraging streaming media.

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Ford Halts F-150 Lightning Production Until 2025 Over Weak EV Demand

Carscoops

Lightning sales are up 86 percent this year, but Tesla’s Cybertruck has proved more popular with buyers. Ford is temporarily shutting down F-150 Lightning production as part of a plan to deal with lukewarm demand for electric vehicles that is causing problems for multiple automakers.

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