Auto dealers fear higher interest rates will affect consumer vehicle demand in 2023, and some expect the increased borrowing cost to erode finance and insurance product sales volume or force lower rate reserve margins. Automotive News‘ 2023 Dealer Outlook Survey of 264 dealers and dealership managers in January found interest rates were overwhelmingly dealers’ biggest concern for 2023, with […]

Joanne DrillingData editor – Cincinnati Business Courier According to a recent survey by professional services company KMPG International, auto executives believe half their sales will be electric by 2030. If that’s the case, charging infrastructure must scale quickly to meet demand. Is our region ready? Currently, most stations are located near the urban core and on […]

“It is absolutely a much tougher battle,” said Mr. Chen, Rivian’s vice president of public policy. Dealers and state lawmakers who oppose Mr. Chen’s efforts say that independent dealerships play a critical role in the car-buying process, helping to create competition between franchises that ultimately keeps prices affordable for consumers. They argue that dealers also […]

A lawsuit challenges a Texas law that bars direct company sales By WSJ Editorial Board – November 13, 2022

Jack Ewing writes about business from New York, focusing on the auto industry and the transition to electric cars. He spent much of his career in Europe and is the author of “Faster, Higher, Farther,” about the Volkswagen emissions scandal.  Peter Eavis is a New York-based reporter covering companies and markets. Before coming to The […]