Franchised used-car dealer sentiment lowest since pandemic, Cox survey shows
Franchised and independent dealers also reported year over year growth or stability in used-car inventory mix, Cox Automotive’s latest Dealer Sentiment Index says.
Banks unlikely to loosen up on auto loans in 2024, Fed survey finds
Banks overwhelmingly plan to maintain their standards for writing car loans throughout 2024, while a handful intend to tighten policies even further on credit applicants.
Honda Canada to slash dealer margins by up to 44%, several dealers say
Honda Canada would not confirm the details nor address questions about the changes to margin for its close to 250 dealers across the country. In a statement, the company said it does not “share the details of our business relationship with our dealers.”
No limits: Small dealers go national with video streaming ad pilot
Technology from marketing software company Constellation is helping smaller auto dealers place affordable national advertising through NBCUniversal streaming options.
UAW says workers at VW Tenn. plant file for union election
The UAW said a supermajority of eligible workers at the VW plant have signed union cards in about three months.