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Used-vehicle market to continue to soften in 2023

Jonathan Banks, vice president of used-vehicle valuations at J.D. Power, said at the NADA Show in Dallas that even with declining prices, the used-vehicle market will remain profitable...Read More

Asbury Automotive net income more than doubled in Q4

Asbury Automotive Group Inc.'s profit more than doubled in the fourth quarter as the Duluth, Ga., public retailer closed out its first full year of earnings boosted by its December 2021 acquisition of Larry H. Miller Dealerships...Read More

Aptiv posts double-digit revenue growth, profit boost in Q4

Fourth-quarter net income soared to $233 million from $15 million a year earlier, when one-time special costs and a decline in revenue hurt results...Read More

Longtime Mercedes-Benz USA marketing boss Drew Slaven departs

Slaven, 56, who served as chief marketing officer for nearly a decade, decided to retire, a company memo said. He is the latest in recent high-level executive departures at Mercedes-Benz USA...Read More

CATL aims to raise $5 billion in Swiss listing to fund Europe expansion, report says

Battery maker plans to use proceeds to support European expansion plans, especially the development of a plant in Hungary, Reuters reported...Read More

The Top 2022 Automotive Phone Trends

In January of 2023, Car Wars conducted research to analyze the phone performance of nearly 3,000 automotive dealerships from 2019 to 2022. Through the study, Car Wars captured data that verifies the importance of the phone at your dealership. Download this FREE industry report...