Automotive News

Retail

Mar 27, 2020
The unprecedented stimulus package provides about $500 billion in loans and assistance for big companies and a separate pot of about $350 billion for small businesses loans. The auto industry did not seek a specific bailout.
Mar 26, 2020
The package includes an unprecedented injection of loans, tax breaks and direct payments for major corporations and individual taxpayers to help the U.S. economy get through an abrupt shutdown. The auto industry did not seek a specific bailout. 
Mar 25, 2020
As U.S. sales collapse, the dealership group also is reducing executive pay and slashing marketing spending as it resizes to "minimal activity levels" before an expected recovery.
Mar 25, 2020
The law allows manufacturers that build only electric vehicles to sell directly to consumers through factory-owned stores, provided they have no franchised dealerships in the state.
Mar 25, 2020
The selling rate was 35 percent lower than expected last week and is forecast to plunge even further after a number of states ordered most residents to stay home as much as possible to help contain the coronavirus outbreak.
Mar 25, 2020
In a time of crisis, an F&I training expert says the best antidote to powerlessness, fear and uncertainty is to be proactive.
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