Retail

The latest news updates on the retail segment of the automotive industry.
Lucid Motors
Lucid interim CEO: We’re no longer a ‘sedan brand’ with Gravity crossover launch

Interim CEO Marc Winterhoff said Lucid's U.S. factory will help with tariff headwinds, but the EV maker is not immune from potential negative effects.

Lucid interim CEO: We’re no longer a ‘sedan brand’ with Gravity crossover launch
NYC Auto Show
Amazon Autos shoppers can now lease Hyundai vehicles on platform
Amazon Autos shoppers can now lease Hyundai vehicles on platform
Mercedes Benz
Former Mercedes-Benz USA sales boss Adam Chamberlain returns as CEO
Former Mercedes-Benz USA sales boss Adam Chamberlain returns as CEO
Volkswagen
VW Group of America CEO to dealers on Scout: I hear you
VW Group of America CEO to dealers on Scout: I hear you
Dealership buy-sell database updates: Top 150 groups included in 10 deals across 8 states
Grubbs Family buys 4 dealerships, with another pending, from Foundation Automotive
Bennett Automotive Group sells Provincial Chrysler in Windsor, Ont.
Record 20% of new-vehicle borrowers used 84-month loans in Q1, Edmunds says
Personal claims assistance can help dealership overcome competitor’s cheaper F&I coverage
‘Other’ F&I products besides GAP and service contracts growing as dealer revenue stream
Emphasizing value-added services in your shop more important than price
U.S. Senate version of ‘right to repair’ bill introduced
Lithia CEO to service department leaders: Change ‘mindset’ in next 90 days or else
Lithia pursuing stronger used-vehicle sales volume in 2025
Arizona’s Chapman Automotive Group sues similarly named used-vehicle dealer
New and used Canadian car prices set to rise due to Trump tariffs, experts say