MUNICH -- Amazon plans a digital assault on the retail automotive sector and is sounding the attack in Europe first, sources have told Automobilwoche, an affiliate of Automotive News. The Internet giant has recruited Christoph Moeller, a partner at the Oliver Wyman consultancy for the effort. He was responsible for the auto industry at [...]
At least one national insurer, AAA, is raising rates on Tesla vehicles based on data showing that the Model S and Model X had abnormally high claim frequencies and high costs of insurance claims compared with other cars in the same classes. AAA said premiums for Tesla vehicles could go up 30 percent based [...]
Interest in the new Camaro helped Chevrolet outmuscle Ford in Jumpstart Automotive Media’s latest rankings of consumer interest. Photo courtesy General Motors Co. SAN FRANCISCO — Media, insights and marketing solutions provider Jumpstart Automotive Media released its April interest data for shoppers who researched vehicles across the firm's portfolio of automotive publishers. It [...]
SARASOTA, Fla. — Top 150 Ford dealer Sarasota Ford and digital solutions provider Dealers United were recently the focus of Facebook Business feature highlighting their Facebook advertising success story. The case study showcases how the dealership reached its community and earned a 125X return on its ad spend using Dealers United’s Facebook Program. The [...]
LAWRENCEVILLE, Ga. — Dealers shouldn’t undervalue just how critical the trade-in process is to closing a deal, at least according to result of an online study conducted by Black Book (a div. of Hearst Business Media). The vehicle valuation firm found that next to receiving a sales price drastically different than originally offered (27.8%), [...]
If you look into the plans of auto manufacturers, you’ll find that most of them will have driverless cars on the market within two to four years. Recently the U.S. government made it clear it thinks self-driving cars will make the roads safer and more efficient. Certainly, with nearly 40,000 deaths on the road last [...]
Powersport dealers see young millennials come into their stores all the time looking for the largest, fastest, most-expensive sportbike on the market. That’s when the warning light starts flashing in a lender’s head. “They start all gung-ho: They want the Suzuki Gixxer, they want the Honda CBR, anything that goes fast and looks really cool [...]
