Trending Auto Retail News
How AI is Transforming the Automotive Industry
The automotive industry is at a turning point. Long-dominant carmakers in Europe and America now face tough competition from Chinese manufacturers, who are leading the way in electric vehicles (EVs). To stay competitive, many are turning to advanced technologies, with...
Total Contract Value of Lotus Technology’s Intelligent Driving Solutions Nearing $130 Million
Lotus Technology Inc. a leading global intelligent luxury mobility provider, announced that Lotus Robotics, a subsidiary of the company, has to date achieved a total contract value of approximately US$130 million for its intelligent driving solutions, symbolizing a...
Optimism Rises Among Auto Dealers Following Election: Cox
Dealers are increasingly optimistic about the future now that the 2024 Presidential election is over, according to the Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI). The latest survey, conducted immediately following the national election in early November,...
TOPDON US Announces Agreement to Support Carroll Shelby Automotive Program at Northeast Texas Community College
TOPDON USA, the premier provider of cutting-edge technology and advanced tools for auto repair professionals and enthusiasts, announced an agreement with Northeast Texas Community College (NTCC) to help educate students attending the Carroll Shelby Automotive Program....
Infiniti to Share Rooftops with Nissan Dealerships
As sales for Infiniti’s continue a decade long decline, some dealers looking to keep their doors open are being approved for a joint location with Nissan stores. According to recent published reports, an Infiniti dealership sells approximately 24 vehicles monthly on...
Working Together: How Auto Industry Players Are Fighting Back Against Digital Fraud
Three dealers had fallen victim to the same sophisticated fraud scheme in just one week. The story spreading through dealership break rooms across the country is becoming all too familiar. A new wave of digital payment fraud has hit the auto industry hard, with a...
Foresight’s Cutting-Edge 3D Perception Technology in Line with Expected Trump Administration’s Support for Autonomous Vehicle Regulations
Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems, announced that its stereoscopic 3D perception systems would likely comply with the strategic initiative of the impending Trump administration’s recent publicly stated commitment to...
New-Vehicle Prices Up YoY for Second Consecutive Month
New-vehicle prices in November climbed higher year-over-year for the second straight month as the average transaction price (ATP) was $48,724, an increase of $699, or 1.5 percent, from November 2023, according to data from Kelley Blue Book released Dec. 11 New-vehicle...
Navigating the Shift: Key Insights from the Q3 2024 Automotive Market Report
As we look back on the third quarter, the automotive market has revealed key trends that highlight the complexities of inventory management for auto retailers. In Q2, dealers experienced a 10 precent sales increase for new vehicles despite challenges like the CDK...
RTI Becomes the First DDS Provider to Meet All Major Automotive Software Safety Standards
Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, announced that RTI Connext Drive has met all automotive industry quality standards by achieving ASPICE CL1, ISO 21434, and ISO 26262 process certifications. Based on the Data...
Soracom Concentrates on Connected Car Strategy
Soracom recently announced its global strategy for the connected car industry by addressing connectivity and cloud management challenges faced in putting more connected cars on the road. To that end, it showcases a proof of concept (PoC), developed in collaboration...
How to Turn the F&I Challenges into a Dealership Advantage
The finance and insurance (F&I) process is a challenging part of the car-buying journey. Customers frequently encounter issues like lengthy wait times, high-pressure upselling of additional products, hidden fees, and confusing financing terms, all of which can...
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