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The first retail 2025 Chevrolet Corvette ZR1 will be sold at Barrett-Jackson's upcoming Scottsdale auction All proceeds from the first ZR1's sale will benefit the American Red Cross Customer deliveries for the ZR1 are scheduled to start in early 2025 With the arrival of the 2025 Chevrolet Corvette ZR1and its mid-engine layout and screaming.
Ford terminated more than 50 retail dealers in January as part of its restructuring of the network. Back in 2020 Ford announced that it was going to reduce its network of sales outlets in half over the next five years. Light commercial vehicle sales have been growing in importance for the network and Ford.
Some Volvo dealers will begin selling Polestar vehicles in a bid to boost lackluster sales. The change should nearly double the number of retailers in Europe and North America. This is a notable shift as the company has previously relied on online sales as well as a handful of dedicated Polestar Spaces.
Chinese retailsales of the selection of vehicles included in this update are up a modest 4.5% BSCB is the only non-Chinese medium to cover both wholesales (ex-factory shipments) and retailsales data for China so you can get the most complete picture of the largest new vehicle market in the world.
Jetour breaks its monthly volume record in August… We can share with you today All brands and All models retailsales data for China in August. Sales for the selection of vehicles included in this report grow 4.6% Its new benchmark stands at just under 360,000 sales, the brand’s first time above 300,000.
Some 12,000 Polestars were sold in Q1 up from 6975 in the same period of 2024; one in four were sold in the UK There is a renaissance of retailers happening in the industryaccording to the boss of Polestar , who credits the firms recent increase in sales with having more physical retailers and people selling its cars.
Auto industry honorees were recognized at Cherokee Media Group’s Used Car Week RENTON, WA – December 3, 2024 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that CFO Shirley Jones was honored with a 2024 “Women in Retail” award from Cherokee Media Group. Visit [link] to learn more.
A new price war in the country has led to unsustainable heavy discounting that’s putting retailers into the red. BMW’s Q3 China sales slid 30 percent and its fancy Beijing Xingdebao 5S store was forced to close. Other high-end Western brands like Porsche have also watched China sales tank.
Genesis Motors Australia is set to open its first agency-model retail site in mid-2025, with a brand-new showroom in Sydneys northwest. Located on Victoria Avenue in Castle Hill, the upcoming Genesis Castle Hill Showcase marks a major milestone in the brands Australian expansion and introduces a new chapter in its retail approach.
In an era where online retail is reshaping the auto industry, independent auto dealers face a significant challenge. The convenience and accessibility of online car sales platforms have changed consumer expectations, making it crucial for dealerships to evolve.
Sytner Sheffield was crowned BMW Retailer of the Year for 2024 at BMW Group UKs Retailer of the Year 2025 awards, hosted by comedian Jimmy Car. Sytner Sheffield took home the prestigious BMW Retailer of the Year while Sytner Coventry took home the Electric win. Grassicks Garage also took home a number of awards on the night.
Scout Motors infuriated VW dealers across the United States last week when it confirmed that the upcoming Terra and Traveler will be available via a direct-sale model rather than through existing dealerships. The company plans to establish dedicated retail spaces across the country, allowing shoppers to place orders online.
BMW performed well in both the brand and model charts collated by Dealer Auctions Retail Margin Monitor for March. The brand headed up the top 10 makes for models with a retail value of under 10,000 for the third month running, with an average retail margin of 2,200. It had an average retail margin of 1,900.
Chinese retailsales of the selection of vehicles included in this update rally back up 68% year-on-year in January to 2,081,138 units. January 2023 sales, at 1,238,434, were down -43.2% Volkswagen (+95.2%) almost doubles its sales year-on-year and repeats at #1, showing it’s not yet over and out. 85 95 85 VW ID.3
Over two-thirds (68%) of car owners want retailers to be active in communicating upcoming service and MOT due dates, according to Marketing Deliverys survey of 1,000 UK car owners. This story continues at More than two-thirds of motorists demand proactive contact from retailers Or just read more coverage at Motor Trader
There was some year-over-year easing in retail used-car prices last month, according to the latest CARFAX Used Car Index report , which showed declines in six of the seven segments included in its analysis. So far in February, used-vehicle retail prices have exhibited strength. Is now the right time for used-car shoppers to strike?
Current geopolitical challenges and mandates aside, automotive retail is constantly evolving, and is impacted by many factors. We may not have a crystal ball that lets us see the future of automotive retail, but we can gain valuable insights from the people that live and breathe it every day.
Ewens of Cornhill was amongst winners of this years Ysh recognition scheme which celebrates top performing retailers based on customer survey feedback. “The recognition scheme continues to connect and inspire retailers, and this is reflective in our commitment to delivering exceptional customer satisfaction.
Electric car sales climbed 42% year on year in January but still lagged well behind ZEV mandate targets The UK automotive industry is calling for more to be done to encourage private buyers into electric cars , as the latest sales figures reveal EV uptake is falling well short of the government's mandated targets. market share.
As the first quarter of 2025 ended, all was calm for used-vehicle retail prices. While didnt stop a frenzy of consumers rushing to buy new cars in March sales soared 11% year-over-year and reached the sixth-highest March total since 1976, according to the U.S. The full report is available here.
We are pleased to have completed the sale of Country Buick GMC and to represent Andy Budd in the sale of this desirable dealership, located in the wealthiest county in the country, said Gabe Robleto, Senior Vice President, Sell-Side Advisory at Kerrigan Advisors.
Volvo XC60 sales are up 62.2% New light vehicle sales in the USA endure their first year-on-year decline in 6 months in February at -2.3% Power, the average new vehicle retail transaction price is up $71 on last year to $44,619. in February. to 1,221,863 units. The year-to-date cume is now up 0.5% to 2,334,300. to 220,836 units.
Bentley Motors celebrated its 17-strong UK retailer network at its annual Scorecard Awards, a celebration of sales, aftersales and marketing achievements. Crowned Overall Retailer of the Year, Bentley Leeds picked up three awards on the night.
Steve Hicks is appointed as Kia UKs marketing director, with Sanka De Silva taking on the role of sales director. Hicks, previously sales director for Kia UK, joined the business in 2017, leading all sales channels across retail and fleet, for new and used cars, in collaboration with the 190-strong dealer network.
JLR UK celebrated the accomplishments of its retailers at its annual Retailer of the Year Awards which was hosted by Clare Balding earlier this month. Id like to personally thank our retailer partners for joining us on this journey, and for their dedication to elevating our great brands to new heights.
AiAuto announces its launch and suite of innovative AI-powered F&I and customer experience products designed to transform how dealerships operate, engage with customers and drive sales. With a focus on innovation and real-time customer experiences, the company aims to reshape the future of automotive retailing.
Other strong performers included the Ioniq 5 and Ioniq 6, both recording sales increases. Despite the record month, sales of the Kona, Palisade, and Santa Cruz dropped last month. The company just logged its best January sales ever, moving 54,503 vehicles across the US last month. ” .
Between January and December 2024, the Japanese marque comfortably led the sales race among all brands, shifting 241,296 vehicles last year more than doubling the total of its closest rival, Ford, which sold 100,170. To lend a helping hand, here is every single Toyota SUV that is currently on sale in Australia in 2025.
Understanding the Remaining Obstacles in EV Sales EV Retailing Challenges for Dealers Challenges in Retailing EVs. Retailing used electric vehicles ( EVs ) should be straightforward for dealerships, especially with recent data from iSeeCars revealing a 15.1% drop in used EV prices over the past year.
She also highlighted that Peugeot was compliant with the UKs zero-emission vehicle (ZEV) mandate last year both as part of the Stellantis group and in its own right, notching up an EV sales mix of more than 22%. Thirty-one per cent of sales of the new 3008have been for the electric version in the UK.
Lincoln’s sales rose 28% last year, reaching a total of 104,823 units. Ford’s luxury brand reported its highest retailsales in 17 years. Lincoln sales have been in the gutter the past few years, but they’ve gotten a lot of help from a surprising source: China. Overall, Lincoln sales were up 28.1%
We are honored to continue to support the Bohn family, this time in the sale of their Hyundai Genesis dealership, a transaction that, again, underscores the enduring strength of the auto retail market in the South, said Gabe Robleto, Senior Vice President, Sell-Side Advisory at Kerrigan Advisors. Bohn in 1924 in New Orleans.
In automotive retail, where costs are escalating, operational streamlining is imperative. Automated customer relationship management (CRM) systems can streamline sales processes, enhancing lead conversion rates while reducing administrative overhead. In automotive retail, AI can transform customer interactions.
As for retailsales, they are down -7.6% Retail-wise, Toyota (-11.4%), Daihatsu (-10.5%) and Honda (-16.3%) all underperform but still account for 62.6% 36 30 Indonesia October 2024 – retailsales: Pos Brand Oct-24 % /23 Sep 2024 % /23 Pos FY23 1 Toyota 24,820 33.8% – 11.4% year-to-date to 730,637.
based on 2024 new vehicle sales volume. Its a great privilege to acknowledge Car Pros Honda El Monte as a Sales Circle of Excellence winner and top sales leader for 2024, said Jessika Laudermilk, Assistant Vice President of Honda National Auto Sales at American Honda Motor Co., and the #1 spot in Southern California.
AutoBi provides business intelligence tools for car retailers and OEMs. Its dashboards provide updates on critical information about all aspects of an automotive business including CRM, sales, service, parts and finance. Bumper has completed its first acquisition, purchasing business intelligence tools company AutoBI.
ViHUB enables automotive retailers to pool vehicle data, automatically populate online marketplaces and manage stock with up-to-date inventory details. Retailers can very quickly understand pricing, desirability and potential margin to make the trade purchase process far more streamlined, efficient and cost effective.
Hyundai Motor UK hosted its 2024 Annual Retailer Awards, crowning Dalys Garage Overall Retailer of the year. Marshall Motor Group celebrated three accolades Overall Retailer Group, Progress Retailer Group and Aftersales Retailer Group of the Year.
Subaru UK & Ireland celebrated the achievements of its Retailer network at its Annual Conference & Awards in Reading. Aird Motors, based in Beauly, Scottish Highlands, was named the overall Retailer of the Year for 2024. Proven Motor Company secured the Fleet Dealer of the Year Award, D.
At least three Maserati dealerships were forced to close in 2024 as brand sales slipped. While full 2024 sales figures haven’t rolled in just yet, the numbers we do have aren’t painting a rosy picture. As a result of these plummeting sales, some Maserati dealerships are shutting up shop.
Cox Automotive showcased new retail and wholesale solutions designed to fuel the future of car buying and selling during NADA Show 2025, the National Automotive Dealers Association’s annual convention, in New Orleans. “These new retail enhancements emphasize our commitment to keeping dealers happy and competitive.
Back to Basics: The Imperative of Training in Automotive Dealership Sales In an ever-evolving landscape, automotive dealership sales and F&I sales teams must continuously adapt quickly to thrive. It's time to shift the focus back to basics, reinvigorating the sales force with targeted training.
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