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Ford CEO Jim Farley shares insights on “unreasonable” EV dealer markups

Teslarati

Ford held its fourth-quarter and full-year earnings call last week, where CEO Jim Farley addressed, among other things, the price markups dealers were placing on electric vehicles. . Johnson estimated that Ford was leaving about $1,850 of profit in dealers’ hand for about $3.6 billion in profit with the current franchise system.

Dealers 98
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Ford Launches New Dealer Training Program With A.I. Integration

The Truth About Cars

& We're rolling out Ford University to Ford dealers across the United States starting May 1, with plans to expand further. .& & We're rolling out Ford University to Ford dealers across the United States starting May 1, with plans to expand further. Image: Ford] Become a& TTAC& insider.

Dealers 75
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Mercedes-Benz EQ models have been slow to sell, dealers report

Teslarati

However, a new report shows that dealers have had difficulty keeping up with inventory levels for the automaker’s EQ lineup, with sales times for the EVs exceeding the luxury segment average. One person who runs a Mercedes store said he currently has over six months’ worth of EVs and only a 50-day supply of the company’s gas cars.

Mercedes 144
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Daimler Truck North America rolls out its EV dealer certification program

Baua Electric

Photo: Daimler Trucks North America Daimler Truck North America just launched a dealer certification program to ensure a “world-class” experience for its electric truck buyers. The goal is to certify 100 electric truck dealer locations by 2025. However, the certification is optional for dealerships.) Get started here. –ad*

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GM launches Green Dealer Recognition program

Green Car Congress

GM has launched a “Green Dealer Recognition” program for Chevrolet, Buick, GMC and Cadillac dealerships across the US. Participating dealers have proven track records in areas such as energy reduction, renewable energy use, water conservation efforts, recycling, on-site nature habitats and community outreach.

Dealers 150
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ABI Research: by 2028, automakers will save $1.5B using over-the-air updates to fix recalled cars

Green Car Congress

In 2022, nearly 10 million cars were recalled in the United States due to software-related issues, with nearly half of these requiring the software to be updated by a car dealer. Although most new cars can now receive OTA updates, many OEMs still lack the in-vehicle architecture to update software in all domains.

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J.D. Power Outlook Takes Center Stage at CAR

Green Fleet Magazine

The venerable data analytics and consumer insights firm will detail the outlook for the automotive and remarketing sectors and what it means for consignors, auctions, dealers, and fleet operators.

Insight 52