Month: February 2020

Despite years of near-record sales of new cars and trucks in the U.S., dealers are increasingly being forced to diversify into new business enterprises to stay profitable. The culprit: new-car margins that don’t pay the bills anymore amid intense competition. Automakers have stepped up their certified pre-owned programs. Service departments are looking at tire sales
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We recently got back from San Antonio where we test drove the 2021 Kia Seltos. As usual, we asked our readers if they had any questions about the crossover and now we’re following up with some answers. Auto Nut wanted to know how the Seltos drove Most compact crossovers aren’t terribly exciting to drive and
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FRANKFURT — Deutsche Post will stop producing its StreetScooter electric delivery vehicle, bringing to an end a much-hyped venture that was once seen as a possible disrupter to conventional van makers such as Volkswagen and Daimler. The company had suffered “years of losses” from developing and producing the vehicle, Chief Financial Officer Melanie Kreis said
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Far be it from us to tell you how to waste your money, but why would any rational being pass by the Mazda MX-5 Miata on their quest for the best convertible money can buy? Yes, there are more expensive topless whips. Some of them have three times…Read More»
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You don’t have to look too far into dealer financials to see that something’s amiss in the used-vehicle department. The crux of the problem shows up in two telling line items — the number of used vehicles retailed and the average net-profit contribution each retail sale produces. When dealers check these numbers, and compare them
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The world’s biggest electric vehicle battery maker, CATL, will invest up to $3.7 billion to quadruple its production capacity for lithium-ion batteries used in cars and storage systems. In today’s report from Japan’s Nikkei, the financial publication tied CATL’s announcement with its plans to supply batteries to Tesla. China’s CATL shipped the equivalent of 32.5
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Fiat Chrysler Automobiles said its Windsor Assembly Plant in Ontario is returning to a two-shift operation in June, a move that will result in approximately 1,500 layoffs at the longtime minivan factory. The company informed Unifor, which represents hourly workers at the plant, of the decision Thursday. The plant, which had been operating on three
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SAN FRANCISCO — Spin, the scooter-sharing service owned by Ford Motor, is expanding to new markets outside of the U.S. The company will launch its first international fleet of electric scooters in Cologne, Germany, as soon as the spring, according to a statement. It will start with several hundred scooters and plans to increase the
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Unless you drive a rotary-powered Mazda, the characteristics of your gasoline or diesel engine are largely defined by its bore (the width or diameter of the cylinders) and stroke (the distance the piston travels within the cylinder). But if you want to make more power, is it better to increase bore or stroke? Jason Fenske
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Sure, you could order a 2020 Land Rover Range Rover Velar in beige with a tan interior and no options and call it a day, but you probably won’t. The automaker’s long list of optional extras extends well beyond convenience features to help well-heeled buyers make a 2020 Velar that feels as special as its
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Mitsubishi Motors’ U.S. dealers are hoping revamped showrooms and a slew of new products will help their slow but steady sales growth continue in 2020. Major topics at the brand’s make meeting at the NADA Show included the continued rollout of its first facility-improvement initiative in 16 years. Mitsubishi’s retailers are enjoying a product renaissance
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When the hybrid version of the 2020 Honda CR-V hits dealer lots beginning March 1, it will be priced competitively against one of its top compact crossover rivals, the Toyota RAV4. The CR-V hybrid will start at $28,870, including shipping, a $2,700 premium over the base gasoline model — and $600 less than the starting
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By Joey Klender Posted on February 27, 2020 Tesla and PG&E are looking to build a massive 1GWh Megapack installation at the Moss Landing, California power facility. The Monterey County Planning Commission unanimously approved the Pacific Gas and Electric-backed project on Wednesday, which will be known as the Elkhorn Battery Storage Facility and will involve
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Carvana posted large gains in revenue, retail sales and inventory acquired from consumers, while reporting a bigger loss in the fourth quarter and for all of 2019. In the fourth quarter, the digital used-vehicle retailer’s net loss grew 46 percent to $125.7 million. The company said in a letter to shareholders that ongoing efforts to
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It never sleeps. It doesn’t need lunch. And it’s among the sharpest marketing tools in a dealer’s arsenal. Armed with artificial intelligence, a dealership can laser in on the right consumers at the right time, based on how shoppers click — or don’t — and hit them with different kinds of crafted messages that are
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