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Nissan Dealers May Foot the Bill for the Brand's Price-Cutting Sales Strategy

The Truth About Cars

Cutting new-car prices is a great way to boost sales, but it’s not always kind to the dealers stuck with the inventory. Nissan gave its franchisees authorization to sell vehicles below invoice, but some stores are unhappy with the brand’s shifting attitudes toward their profitability.

Dealers 59
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Comment on Xpeng to gradually replace direct stores with dealers, report says by Eric

CN EV Post

Downsizing the number of directly operated stores is becoming a new industry trend, with both Xpeng and Zeekr increasing the proportion of dealer stores, according to local media.

Store 66
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VinFast Announces New U.S. Dealers Across Several States

The Truth About Cars

dealer network , giving it stores in several new areas and growing its footprint to 18 dealerships in seven states. VinFast added 12 stores, with new dealerships in Connecticut and Kentucky, five new locations in Florida, and four in Texas. The company recently announced an expansion to its U.S.

Dealers 72
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VinFast signs first dealer agreement in the Middle East

Teslarati

VinFast signed its first dealer sales agreement with Bahwan Automobiles Trading LLC (BAT) in the Middle East. Under the agreement, VinFast electric vehicles (EVs) will be distributed in the Oman market through its official dealer, BAT. The first store is expected to open by mid-2024, and vehicle sales will start soon after.

Dealers 87
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Comment on Xpeng to gradually replace direct stores with dealers, report says by nov22

CN EV Post

The store was not evaluated by Xpeng on its profit/loss position. Xpeng was pumping money into the store regardless sales volume and cash flow. It is better to franchise the store business out.

Store 90
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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. The video is then graded by A.I.

Dealers 84
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Survey: Dealers think Biden is moving too fast on EVs

Baua Electric

Dealers think the Biden administration’s EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. The publication’s 2024 Dealer Outlook Survey compiled responses from 208 U.S. car dealers and dealership managers. billion on EV infrastructure.

Dealers 97