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Travis Long’s extensive industry experience made him the top candidate for the role.
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Volkswagen and its top shareholder have prepared a preliminary agreement to list Porsche to boost the parent company's valuation and fund its push into EVs.
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A coalition has asked the U.S. Treasury Department to grant relief to dealers employing the LIFO tax deferment strategy who face excessive tax bills this spring.
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The Estimated Average Weekly Sales Rate has dropped to 61% this week, after a few weeks at 62%. This is not surprising as wholesale buyers try to anticipate consumer sentiment and wholesale seller behavior.
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Recent media coverage about rising new-vehicle prices fails to account for unprecedented market conditions in the retail auto market.
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Including founding RL. Frey, Inc., Ron has been involved in several notable automotive-related ventures and has held executive leadership roles at CDK Global and AutoNation, Inc.
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LMP Automotive Holdings Inc. plans to terminate seven pending purchases of many auto dealerships due to an inability to secure financial commitments.
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Volkswagen plans to decide on location for new plant and increase production output in the second half of 2022, reports company officials.
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The Company intends to terminate all of its pending acquisitions in accordance with the terms of their respective acquisition agreements, primarily due to the inability to secure financial commitments and close within the timeframes set forth in such agreements.
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In the most recent Auto Market Report video, Cox Automotive Chief Economist Jonathan Smoke notes that 2022 has started slower for the U.S. economy and for vehicle sales.
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