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Opinionby StaffJune 23, 2022

Study Finds Gen-Z Car Shoppers Spend More Time Researching and Find Purchase Process More Difficult Than Older Generations

Gen Z shoppers report they experience more problems compared to Baby Boomers, including 45% of Gen Z frustrated with waiting on a salesperson and 52% with additional fees.

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Fixed Opsby StaffJune 22, 2022

Weekly Market Report

Sporty Cars traditionally decline during this time of year, but the segment is still reporting increases with an average weekly increase of +0.24% over the last eleven weeks.

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Dealer Opsby StaffJune 21, 2022

Acquisitions Continue for Two Automotive Groups

West Herr Automotive Group purchased a Mazda dealership this month while Gee Automotive Cos. purchased another Subaru dealership

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Dealer Opsby StaffJune 21, 2022

Russian Automaker Producing Vehicles Without Standard Safety Features

AvtoVAZ has started building vehicles without airbags, antilock brakes and other safety features because international sanctions have blocked imports of needed parts.

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Dealer Opsby StaffJune 21, 2022

LMP Automotive Holdings Sues Two Dealerships for Acquisition Deposits

LMP Automotive Holdings Inc. sues dealership owners in New York and Texas for a combined $3 million in deposits it made to acquire their stores.

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Dealer Opsby StaffJune 16, 2022

Auto Execs Say Consumer Demand Remains Strong

GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.

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Dealer Opsby StaffJune 16, 2022

Honda and Sony Corp. Ink Deal for High Value EV Venture

Honda Motor Co. and Sony Corp. have entered agreement to set up a “high-value-added” electric vehicle venture under the name Sony Honda Mobility Inc.

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Dealer Opsby StaffJune 16, 2022

GM and Ford CEOs on Heightened Watch for Signs of a Recession

General Motors and Ford Motor Co. CEOs say they are watching for signs of a U.S. recession, despite demand for autos being strong.

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Auto Financeby StaffJune 16, 2022

Cox Automotive Dealer Sentiment Index: With COVID-19 Concerns Mostly in the Rearview Mirror, Auto Dealers’ Attention Turns to Inflation, High Costs and Tight Inventory

U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment.

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Dealer Opsby StaffJune 14, 2022

Automaker Production Schedules Continue Freefall Due to Chip Shortage

The number of vehicles canceled from automaker production schedules worldwide due to the shortage now exceeds 2 million, according to AutoForecast Solutions.

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