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Wednesday, June 1, 2022

VW's Scott Keogh: Doubling market share doable | Buick's EV plans | Ford CEO predicts consolidation | Sales slump in May | Rimac raises $573M | Elon Musk to employees: Return to the office or get out

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Wednesday, June 01, 2022
Buick Wildcat EV
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Buick Wildcat shows off brand's EV look

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BuickWildcat-MAIN_i.jpg
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Buick dropping gasoline-powered vehicles by 2030 for lineup of Electra EVs

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Ford CEO Jim Farley
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Ford CEO predicts industry consolidation: ‘There's a shakeout coming'

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Frederick “Fritz” Hitchcock

Interview with Hitchcock Automotive

Hitchcock Automotive sold its remaining three Toyota dealerships in February 2022 after the passing of its legendary founder, Frederick “Fritz” Hitchcock. Toyota of Santa Barbara and Northridge sold to Van Tuyl Companies and Puente Hills Toyota sold to Kaminsky Automotive. Kerrigan Advisors represented Hitchcock Automotive in the sale and had the opportunity to interview Ted Hitchcock, son of founder Fritz Hitchcock, and Howard Hakes, President of Hitchcock Automotive, after the sale.

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A Dealer's Guide to Effectively Working the Drive

A Dealer's Guide To Effectively Working The Drive

An optimized service drive supports dealership profitability in numerous ways – and not just with service tickets. The service drive offers dealers a steady source of high-quality, pre-owned acquisitions and service-to-sales opportunities, as well as promotes ongoing customer retention. 

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Retail light-vehicle inventories in the U.S. remained below 1 million units for the 12th consecutive month in May 2022, LMC Automotive and J.D. Power said.
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Toyota, Honda, Hyundai, Kia, Subaru sales slump again in May

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Rimac Mate with Nevera web.jpg

Rimac Group raises $537M to build EVs, Porsches and Bugattis

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Mercedes-AMG One front.jpg
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Mercedes-AMG One brings F1 tech to the road, but 'pushed us to our limits,' automaker says

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West Herr Honda_i.jpg
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Victory Automotive Group sells Honda dealerships in New York, Alabama

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Jeep
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Jeep launches ‘Jurassic World Dominion' ad campaign

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Elon Musk

Elon Musk to Tesla employees: Return to the office or get out

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