Shifts in used-vehicle market cut into proceeds, trigger resets
Shifting market conditions are starting to pressure auto retailers’ used-vehicle business plans and profits.
CEO median compensation increases 78%
Median pay for CEOs who have been in their positions for at least two years rose 90 percent from 2020, according to a survey by Equilar for .
Volvo and JLR prepare for a new era of EVs
Volvo and Land Rover are delivering a product-driven market renaissance, while Jaguar hopes to spark new enthusiasm with an all-electric portfolio by 2025.
Alan Jay Automotive Network sells 2 stores after failed LMP deal
Two Florida dealership groups have acquired the Toyota and Alfa Romeo-Maserati dealerships from Alan Jay Automotive Network in separate June transactions.
Auto suppliers are asking for contract relief
Parts shortages and heightened commodity prices are putting the squeeze on Tier 2 and Tier 3 suppliers, often forcing them to go to their Tier 1 customers to renegotiate pricing or ask for a cash infusion — or else risk going out of business entirely.