In 2024, the automotive world is witnessing a seismic shift, and Nissan dealerships are at the epicenter of this turbulence. If you’re wondering why nearly 40% of Nissan dealerships across the United States are finding themselves in the red, you’re not alone. The challenges they’re facing are not just about
The automotive industry is on the brink of a major transformation, with electric vehicles (EVs) gradually taking center stage. However, this shift is not without its challenges. One of the most pressing issues is the projected underutilization of North American auto factories by 2030. As automakers navigate the complexities of
In the heart of Detroit, a tale of two giants unfolds—one facing a rough patch, the other on a rising path. Ford Motor Co., a beacon of American automotive strength, recently faced a substantial setback. The company’s meticulous focus on enhancing vehicle quality led to delayed shipments and a noticeable
A Story of Resilience and Recovery Once upon a time, in the bustling auto markets of the United States, a dramatic shift was unfolding. The year 2023 emerged as a beacon of hope after the tumultuous waves of COVID-19 and the crippling microchip shortage. As these challenges moved into the
In 2023, car dealerships across the country faced a tough reality. Despite working hard to sell cars and keep their businesses running, their pretax profits dropped almost 20% in just nine months. This was a big change from the past, especially after dealing with all the ups and downs in
Automotive Leasing Landscape Poised for a Year of Fluctuation in 2024 Should Leasing Rates Return to Pre-Recession Levels? (PDF) Retail leasing returns in the United States are poised for a roller-coaster ride, as we head into 2024. According to Experian, one of the leading consumer credit reporting companies, the upcoming
Mazda Riding a Wave to 500,000 Sales: The Resurgence of a Japanese Icon Mazda, the renowned Japanese automaker, is experiencing a remarkable resurgence, poised to achieve remarkable sales milestones in the coming years. This impressive transformation, initiated in 2016, is characterized by various strategic moves that have positioned Mazda for
Detroit Three Strike Creates Headwinds, but October Sees a Silver Lining October Auto Sales Surge Expected Despite Industry Challenge (PDF) The U.S. automotive industry is navigating choppy waters, with the latest reports indicating that auto sales are poised to rise in October. However, the overarching uncertainties stemming from the ongoing
The Digital Frontier: Exploring the Online F&I Sales Landscape In the fast-evolving landscape of the automotive industry, the digital shift has been particularly pronounced in recent years. Dealerships and automotive companies have adapted to the changing times, and online sales have become a significant part of their operations. One aspect
Revolutionizing the Road: China’s EV Market Set to Dominate by 2030 (PDF) In recent years, the automotive industry has witnessed an unprecedented transformation, largely driven by the electrification of vehicles. While Western automakers have been at the forefront of this shift, a recent report by UBS Group analysts suggests that
US Dealer Groups Encounter F&I Gross Profit Drops in Q2 2023 (PDF) In the world of franchise car dealership groups, the second quarter brought forth a diverse range of results when it came to the same-store Finance and Insurance (F&I) gross profit per vehicle. As we delve into the Q2
How Oversupply is Steering New Car Prices into a Price War (PDF) The U.S. automobile market, once racing at full throttle, has hit a sudden speed bump in recent months. After reaching record-high prices just last summer, the cost of new cars is now poised to plummet due to a
Breaking Boundaries: Analyzing the 15.4% Forecasted Jump in US Auto Sales for August (PDF) The United States automotive market gears up for an anticipated surge in new vehicle sales, offering a glimpse into a dynamic landscape shaped by an intricate interplay of factors. Industry experts’ insights reveal that August is
Farewell to the Mirage: Mitsubishi’s Evolution in the U.S. Automotive Landscape (PDF) Amidst the ever-shifting tides of the automotive industry, Mitsubishi Motors Corp. has embarked on a bold journey by bidding adieu to the Mirage in the U.S. market. This pivotal decision not only reflects the brand’s strategic recalibration but
How Toyota Nearly Doubled Quarterly Profits Amidst Surging Sales (PDF) In a world where the automotive industry is racing to redefine itself, Toyota Motor Corp. has stepped on the accelerator, nearly doubling its operating profit in the latest quarter. This spectacular surge, a result of amplified semiconductor shipments and strategic
First-Half U.S. Auto Sales Rankings: Automakers and Trends (PDF) As we reach the halfway mark of 2023, the U.S. automotive industry is witnessing a shift in sales dynamics. Overcoming the lingering challenges of supply shortages, the first half of the year saw an overall increase in sales across various vehicle
List of the Largest 100 Part Suppliers to North America 2023 (PDF) Discover the industry leaders shaping the automotive landscape as we unveil the top 100 auto parts suppliers to North America in 2023. These companies play a vital role in providing cutting-edge components and technologies that drive vehicle development
Tesla’s Reputation Slumps Amidst GM and Ford’s Upward Trend (PDF) In a recent survey conducted by Axios, it has come to light that Tesla’s reputation has suffered a significant decline over the past year, while other car manufacturers have made improvements in their standings. The Axios Harris Poll 100 reputation
How Chinese EVs Will Transform the US Vehicle Market (PDF) Prepare for a game-changing transformation in the US car market as Chinese automakers gear up to disrupt the industry with their affordable electric vehicles (EVs). Years of preparation and planning have brought these companies closer than ever to making their
Rise and Fall: Q1 F&I Profit Highlights and Challenges (PDF) The first quarter of 2023 has brought mixed results for publicly traded dealership groups in the United States. While some groups experienced a slight increase in average finance and insurance (F&I) gross profit per vehicle, others faced a decline. This
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