2021 Canadian International AutoShow Goes Virtual
The Canadian International AutoShow held every February in Toronto will go virtual in February 2021. The show traditionally welcomes more than 330,000 visitors, which event promoters Trillium Automobile Dealers Association deemed a risk too great to take during a pandemic. Maintenance Musts: Advantages of servicing your vehicle at a dealership “We’re engaged with all manufacturers, […]
2020 New York International Auto Show Postponed
The 2020 New York International Auto Show is among the many public events and gatherings postponed in the wake of the spread of COVID-19. Event organizers last week announced that the annual auto show, originally scheduled to take place next month, will now take place beginning Aug. 26. “We are taking this extraordinary step to […]
Automotive Dealers Worry About New Vehicle Prices Becoming Too High
With the average price paid for new cars becoming higher with each passing month, many are worried that consumers will simply be priced out of the most popular vehicle segments
The average price of new car currently sits right around $32,200, $500 more than the average price spent on a vehicle this time last year. As a whole, consumers are spending an increasing amount of money on vehicles. However, while an increasing average price would usually be welcomed news for dealerships, those same dealers are […]
Ford Dealers Contributed $110 Million, 50,000 Volunteer Hours to Charity in 2017
To kick off the 2018 National Automobile Dealers Association Convention and Expo in Las Vegas this week, Ford released the results of its annual survey on dealer giving. It was determined that Ford dealers from across the United States donated $110 million and 50,000 hours of volunteerism to charitable causes and nonprofits last year, with […]
Honda Earns Six Diversity Awards from Minority Auto Dealers Association
It seems that when Honda vehicles are taking a break from earning awards, it is Honda itself that subs in and receives the honors. Last week, the National Association of Minority Automobile Dealers (NAMAD) presented Honda with six awards at its 3rd Annual Diversity Volume Leadership Awards, held at the COBO Convention Center in Detroit. […]
Senate Tax Reform Bill Offers Car Dealerships a Massive Tax Break, But at What Costs?
Unless you make a conscious effort to avoid politics around every corner, you’ve probably heard about the new tax reform bill making its way through Congress. This bill is designed to provide tax cuts for large corporations. However, car dealerships don’t exactly fit the traditional corporation mold. Car dealerships are franchise-owned businesses. They purchase vehicles […]
Ford, Lincoln Dealers Gave $114 Million to Causes in 2016
According to the annual Ford Motor Company survey on Dealer Giving, Ford and Lincoln dealers in the United States alone gave an estimated $114 million in charitable donations and volunteered more than 800,000 hours to worthwhile causes in 2016. The results were announced at the 17th annual Salute to Dealers Awards at the 2017 National […]
Study: People Don’t Like Selling Cars at a Dealership Either, Quit Before 3-Year Mark
A lot of people dislike the dealership process for buying a car—you have to deal with pushy salespeople, haggle over a price for the car, and end up just wanting to go home. Well, according to an industry study by the National Automobile Dealers Association, salespeople don’t want to be there, either, as the three-year […]
GM Plan to Expand Minority Dealers Reliant on Acquisitions
In April, General Motors’ vice president of diversity dealer relations, Eric Peterson, announced that the automaker was developing plans to expand the number of minority-owned dealerships it operates in the United States by 10 by the end of 2016. However, according to an update from Automotive News, there’s a catch: Peterson, joined by Mark Rainey, […]
NADA Academy Enhances Dealership Learning Experience with Expanded Offerings
When a dealership wants to improve itself, there are multiple avenues it can take. One of the most important avenues is attending one of the many week-long classes offered by the National Automobile Dealers Association (NADA). This organization, which lends a helping hand to all franchised new-car dealers, has a number of classes in its […]
Ford and Lincoln Dealers Donated $89 Million in 2013
When it comes to giving back to their community, Ford and Lincoln dealers across the United States sure know what they’re doing. According to Ford Motor Company’s annual Survey on Dealer Giving, Ford and Lincoln dealers gave an estimated $89 million to local causes and nonprofits over the course of 2013, proof that Ford really […]
Ford Promise Program Boosts Buyer Confidence in Uncertain Times
The COVID-19 pandemic has definitely impacted both the auto industry and new-car buyers. In light of the economic uncertainty of the times, some consumers are postponing purchasing a new vehicle. Some mainstream automakers, like Ford, are unrolling new incentives to help sweeten the deal for hesitant shoppers who are in need of a new ride. […]
Toyota President Calls on Trump Not to Impose Tariffs
Toyota president Akio Toyoda has called on President Trump to make a “careful and appropriate decision” regarding the potential tariffs the president wishes to impose upon auto imports. Trump has finally received the findings of a probe into whether imported vehicles pose a national security threat. The findings have not been made public, but Trump […]
Lincoln Teases Coach Door Continental on Instagram
The sad likelihood is that the Lincoln Continental is not long for this world. As Ford moves to do away with sedans and other perceived profit killers in its lineup, the Continental wears a particularly large target thanks to the increase in focus on SUVs like the Navigator, newly launched Nautilus and upcoming Aviator. Also […]
Leasing Is Increasing Amongst New Car Customers
As more consumers are priced out of a new car purchase, they are turning to leasing as an alternative option
Here at The News Wheel, we’ve already written about how the increasing transaction prices for new cars are affecting consumer behavior. More and more drivers are choosing to buy used, as they can’t afford a new vehicle. Recent reports suggest that another buying option is also on the rise: leasing. What’s Your Current Car Worth?: What […]
Waymo Defends Self-Driving Cars in Wake of Fatal Uber Crash, Says Its Cars Could’ve Handled It
Tensions are running sky-high among self-driving vehicle operators in the wake of a crash by a self-driving Uber that killed a pedestrian in Arizona, as people are wondering whether self-driving cars are a good idea, after all, particularly since the Uber reportedly didn’t even brake significantly before hitting the woman. Be Safe: Follow these good […]
The Lincoln Continental Might Be Getting Suicide Doors
It was suggested earlier this month that Ford might already be looking into terminating the new Lincoln Continental sedan at the end of its lifespan. The culprit here would be stalling sales, which are down 30% thus far in 2018. Apparently, an idea Lincoln has to stave off the Continental’s second demise and reinvigorate sales […]