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FTC Launches “Combating Auto Retail Scams” Rule

The Truth About Cars

The Federal Trade Commission (FTC) has announced the finalization of the new Combating Auto Retail Scams (CARS) rule designed to prevent auto dealers from utilizing bait-and-switch tactics and hidden junk fees. If consumers see that a dealer is complying with the CARS Rule, it adds a measure of confidence.

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BYD profits decline 47% quarter-over-quarter in Q1 2024

Teslarati

For comparison, Tesla’s deliveries also declined in the first quarter by 8.5% A 20% increase will not be easy to achieve, given the current weak market sentiment,” said Zhao Zhen, a sales director at Wan Zhuo Auto—a car dealer in Shanghai. year-over-year.

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How Steele Auto Team grew to become social media into gross sales, for now not a lot cash

Baua Electric

Beaton has since been promoted to basic supervisor of Halifax Chrysler-Dodge, additionally owned by means of Dartmouth-based Steele Auto Team, which has 51 dealerships in Atlantic Canada and 8 in Texas. As conventional media promoting declines, “dealers are receptive to the next thing,” mentioned Sellers United’s Dennehy. “We

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TVS unveiled iQube ST Electric Scooter at Auto Expo 2023

Electric Vehicles India

TVS iQube ST electric scooter has unveiled on the second day of Auto Expo 2023. All eyes are on the EV segment, and you will come across several upcoming EVs at the mega auto show. The TVS iQube ST electric scooter comes with an updated version of the existing iQube electric scooter series.

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XPeng finishes consolidating sales system to improve efficiency, report says

CN EV Post

The management teams of XPeng 's direct sales channel and its authorized dealer channel have been combined to reduce unnecessary competition for interest from within, according to local media. As a comparison, Li Auto and NIO 's latest store counts were 296 and 387, respectively, according to the report.

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Tesla China’s stellar June results help disperse doubts in EV sector

Teslarati

While the overall car sales to dealers are projected to decline by 5.9% Tesla’s local competitors, who responded to the EV maker’s aggressive price reductions , saw positive outcomes after a tumultuous period leading up to the Shanghai auto show in April. The favorable conditions in the market are not exclusive to Tesla.

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Lux Research: Toyota, Daimler, Honda leading auto OEMs for self-driving cars; innovative business models key

Green Car Congress

The rise of autonomous cars confronts carmakers with the challenge of retaining recurring revenues that could otherwise accrue to software makers and car dealers, besides monetizing their own data streams. Intelligence service.

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