Author Archives: GCADA
EVs are cheaper than ever. Can car buyers be won over?
By Ben Glickman | ben.glickman@wsj.com Discounts abound as automakers and dealers try to entice hesitant shoppers to make the switch Electric vehicles were a splurge purchase not long ago. Now […]
Car repossessions surge 23 percent as Americans fall behind on payments
High interest rates and tight budgets are making monthly bills unaffordable for a growing number of vehicle owners. Car repossessions rocketed higher in the first half of the year, a sign of […]
The importance of contributing to your local and state auto dealers associations
For the last few months, dealers around the country have been attending their state associations’ annual meetings and conventions. For years, those conventions have brought families together for not only […]
CDK cyberattack expected to cost car dealers more than $1 billion, Michigan study says
Jamie L. LaReau, Detroit Free Press The nation’s car dealerships experienced total losses of more than $1 billion as the result of a nationwide hacking and ransomware attack on their […]
Foreign carmakers outproduce Detroit brands in U.S. for first time
By Luke Ramseth | Bloomberg’s Keith Laing contributed Foreign-owned manufacturers built more vehicles in the United States last year than their rivals in Detroit, a first for the market that […]
Car prices are declining. Buyers aren’t seeing it.
Average price paid is expected to fall this year for first time since 2008, but interest rates keep payments high Many Americans are hitting their breaking point on what they […]
Outage from CDK cyberattacks could cost dealers $1 billion, study says
Anderson Economic Group said affected dealers could be out about $600 million after two weeks and could lose roughly $1 billion if the dealer management system shutdown lasts until the […]
Roughly a third of car buyers say absence of Apple CarPlay or Android Auto would be a deal-breaker, survey finds
A third of consumers say they refuse to buy a car lacking smartphone integration and most don’t want a native system Automakers reject Apple CarPlay and Android Auto at their […]
P+ Insights Spotlight the Undeniable Marketing Impact of Auto Shows on Consumers and Industry Trends Nationwide
Aggregate Data from 10 Different Regions Representing Nearly 1M Auto Show Attendees Collected in Collaborative Research Effort BINGHAM FARMS, Mich., June 10, 2024 /PRNewswire/ — A recently completed research initiative […]
Almost 40 percent of U.S. EV buyers want to go back to combustion engine cars, McKinsey study says
More than a quarter of EV owners are likely to return to combustion engine vehicles for their next purchase, according to a McKinsey & Co. survey. Nearly four in 10 […]