American Honda expects 25% sales bump this year
The automaker will focus on electrification and digitization. It expects to produce 1.3 million vehicles this year, resulting in a 25% increase over 2022.
Ford, GM options for EV dealers reshape retail
While Cadillac and Buick are making dealers walk away if they don’t want to sell EVs, Ford has allowed for more flexibility but received complaints from some state dealer associations.
Dealer Damon Lester: More diversity needed among owners
More work needs to be done to make the number of minority-owned dealerships representative of the U.S. car-buying market, says dealer Damon Lester.
Lithia CEO Bryan DeBoer says 100-150 more dealerships needed to hit revenue goal
Lithia, one the most active players in the buy-sell market, will need to acquire 100 to 150 more dealerships in the United States, and possibly elsewhere, between now and the end of 2025 to reach its goal, says CEO Bryan DeBoer.
Tech tools help dealers put people first
A modern dealership should put people first and keep customer needs paramount, and technology tools can help store leaders get there.