Vinart Dealerships Sells Body Shop

Also forms ongoing services agreement with VIVE Collision.
https://www.fi-magazine.com/371016/vinart-dealerships-sells-body-shop-3?utm_source=dlvr.it&utm_medium=blogger

Toyota Reports 5% April Sales Increase

Uptick driven by demand for hybrids and gasoline-powered cars.
https://www.fi-magazine.com/370989/toyota-reports-5-increase-april-sales?utm_source=dlvr.it&utm_medium=blogger

BMW Model With Eye-Activation Launched

German carmaker says innovation is an industry first.
https://www.fi-magazine.com/370960/bmw-model-with-eye-activation-launched?utm_source=dlvr.it&utm_medium=blogger

Lawsuit Alleges Deceptive Practices at Group's Stores

Two former employees allege supervisors at three Illinois stores encouraged deceitful practices involving auto lenders.
https://www.fi-magazine.com/370965/lawsuit-alleges-deceptive-practices-at-kunes-auto-group-stores?utm_source=dlvr.it&utm_medium=blogger

Ford, Tesla Announce Charging Agreement

Ford’s models can use Tesla’s Superchargers starting next year, then 2025 models will sport Tesla’s standard connector.
https://www.fi-magazine.com/370976/ford-tesla-announce-charging-agreement?utm_source=dlvr.it&utm_medium=blogger

Hybrids Preferred By EV Shoppers

Q1 results virtually unchanged. Toyota dominates top 10 list.
https://www.fi-magazine.com/370978/hybrids-preferred-by-ev-shoppers?utm_source=dlvr.it&utm_medium=blogger

New-Vehicle Sales Set to Soar in May

Robust demand and increased vehicle availability drive significant growth.  
https://www.fi-magazine.com/370967/new-vehicle-sales-set-to-soar-in-may-2023?utm_source=dlvr.it&utm_medium=blogger

Dealers Have Spent Over $5B on EV Infrastructure

NADA says estimate doesn’t include service equipment, power company costs.
https://www.fi-magazine.com/370945/dealers-have-spent-over-5b-on-ev-infrastructure?utm_source=dlvr.it&utm_medium=blogger

Ford Changes Its Mind About AM

CEO posts that it will be in all 2024 models due to its role in emergency broadcasts.
https://www.fi-magazine.com/370947/ford-changes-its-mind-about-am?utm_source=dlvr.it&utm_medium=blogger

Black Book: Weekly Market Update

Ten of the 13 truck segments reported decreases last week.
https://www.fi-magazine.com/370930/black-book-weekly-market-update-5?utm_source=dlvr.it&utm_medium=blogger

CNA National Launches EV-Specific Service Contract

In-depth research culminates in release of new product.
https://www.fi-magazine.com/370917/cna-national-launches-ev-specific-service-contract?utm_source=dlvr.it&utm_medium=blogger

Cross-Border EV Charging Network Announced

U.S.-Canada corridor would span about 900 miles between Michigan and Quebec.
https://www.fi-magazine.com/370900/cross-border-ev-charging-network-announced?utm_source=dlvr.it&utm_medium=blogger

Used-Vehicle Retention Index Reverses Trend

In April As Unusual Spring Market Ends
https://www.fi-magazine.com/370905/used-vehicle-retention-index-reverses-trend?utm_source=dlvr.it&utm_medium=blogger

Powersports Market Heads Into Warm Season

Typical price increases may not happen this year, Black Book says.
https://www.fi-magazine.com/370907/powersports-market-heads-into-warm-season?utm_source=dlvr.it&utm_medium=blogger

Consumers Say Vehicle Purchases Easier in April

CDK Global’s monthly purchase scorecard highlights buying trends in light of rising interest rates, inflation.
https://www.fi-magazine.com/370902/consumers-say-vehicle-purchases-easier-in-april?utm_source=dlvr.it&utm_medium=blogger

Leasing Circumvents Tax Credit Limits

Law treats leased vehicles as commercial, giving consumers an end around.
https://www.fi-magazine.com/370864/leasing-circumvents-tax-credit-limits?utm_source=dlvr.it&utm_medium=blogger

NHTSA Urges Recall of 67 Million Air Bag Inflators

The affected air bags are utilized by a dozen car manufacturers, including General Motors Co., Stellantis NV, Volkswagen AG, and Hyundai Motor Co.
https://www.fi-magazine.com/370858/nhtsa-urges-recall-of-67-million-air-bag-inflators?utm_source=dlvr.it&utm_medium=blogger

Ford, GM to Boost Incentives

Both automakers are discussing potential incentives and the distinction between wholesale and retail.
https://www.fi-magazine.com/370843/ford-gm-to-boost-incentives?utm_source=dlvr.it&utm_medium=blogger

Testing Shows Inadequate Back-Seat Protection

Updated IIHS crash test gives none of five models good rating.
https://www.fi-magazine.com/370845/testing-shows-inadequate-back-seat-protection?utm_source=dlvr.it&utm_medium=blogger

Most-Durable Models Ranked

ISeeCars 10th annual list has big truck, Toyota showings.
https://www.fi-magazine.com/370847/most-durable-models-ranked?utm_source=dlvr.it&utm_medium=blogger

Toyota Has Strong Quarter

Supply costs cramp its annual profit, though it forecasts year of growth.
https://www.fi-magazine.com/370836/toyota-has-strong-quarter?utm_source=dlvr.it&utm_medium=blogger

Auto Credit Harder to Get

April access tightened across all channels.
https://www.fi-magazine.com/370828/auto-credit-harder-to-get?utm_source=dlvr.it&utm_medium=blogger

EV Sales Surged in Past Two Years

Consumer demand also ballooned in period of dealership infrastructure investment in transition.
https://www.fi-magazine.com/370830/ev-sales-surged-in-past-two-years?utm_source=dlvr.it&utm_medium=blogger

GM Picks Up Ex-Apple Exec

Abbott will lead its new software division for vehicle and enterprise tech.
https://www.fi-magazine.com/370824/gm-picks-up-ex-apple-exec?utm_source=dlvr.it&utm_medium=blogger

Loan Fraud and Defaults Top Lenders’ Concerns

Point Predictive fraud survey finds auto lenders fear worsening economic conditions will fuel a surge in fraudulent practices.
https://www.fi-magazine.com/370813/loan-fraud-and-defaults-top-lenders-concerns?utm_source=dlvr.it&utm_medium=blogger

Galpin Motors Patriarch Passes

Elder Boeckmann built L.A.-based dealer group into one of country’s biggest.
https://www.fi-magazine.com/370787/galpin-motors-patriarch-passes?utm_source=dlvr.it&utm_medium=blogger

No-Drive Warning Issued for Some Older BMWs

German brand escalates earlier recalls due to increasing injury, death risk.
https://www.fi-magazine.com/370789/no-drive-warning-issued-for-some-older-bmws?utm_source=dlvr.it&utm_medium=blogger

Light-Vehicle Sales Start Year Strong

Q1 numbers up over last year, aided by increased production.
https://www.fi-magazine.com/370796/light-vehicle-sales-start-year-strong?utm_source=dlvr.it&utm_medium=blogger

Wholesale Prices Fall in April

Continue eight-month downward trend off pandemic highs.
https://www.fi-magazine.com/370798/wholesale-prices-fall-in-april?utm_source=dlvr.it&utm_medium=blogger

What’s Old is New Again?

In this video, Trent White with the Automotive Training Academy by Assurant discusses the shift back to your old, pre-pandemic process to help drive sales.
https://www.fi-magazine.com/370792/whats-old-is-new-again?utm_source=dlvr.it&utm_medium=blogger

Dealers' Choice Awards Spotlight: CNA National

Tune in for an interview with CNA National's Vice President of Sales Administration, Diana Grimes; and Joe Ward, Western Division Vice President of Sales.
https://www.fi-magazine.com/370780/dealers-choice-awards-spotlight-cna-national?utm_source=dlvr.it&utm_medium=blogger

Widewail Adds ChatGPT/AI to Dealer Review Solutions

Provides business insights and cost savings in review response.
https://www.fi-magazine.com/370772/widewail-adds-chatgpt-ai-to-its-auto-dealer-review-response-suite-of-solutions?utm_source=dlvr.it&utm_medium=blogger

Tesla Waves Keep Crashing

EV market leader's price swings still rippling across the industry.
https://www.fi-magazine.com/370767/tesla-waves-keep-crashing?utm_source=dlvr.it&utm_medium=blogger

GM Invests in New EVs and ICE Parts Distribution

Investments in replacement parts distribution centers follow double-digit increases in aftermarket parts sales.
https://www.fi-magazine.com/370764/gm-invests-in-new-evs-and-ice-parts-distribution?utm_source=dlvr.it&utm_medium=blogger

Work Truck Solutions Expands Supply Chain Support

Innovative, cutting-edge software suite provides efficiencies to upfitter/accessory manufacturers and distributors.
https://www.fi-magazine.com/370738/work-truck-solutions-expands-supply-chain-support?utm_source=dlvr.it&utm_medium=blogger