Recent News

DealerSocket’s Next-Generation Mobile CRM ‘Puts the Best of Socket in Your Pocket’

DealerSocket’s all-new Mobile CRM is designed to save users valuable time, increase closing ratios, and keep managers connected with anywhere-at-anytime access to critical data. ... Read More »

Lithia net income surges in Q4

Lithia Motors reported record revenue and earnings per share in the fourth quarter and announced plans to more than double last year's dealership acquisition growth in 2021. ... Read More »

Groups urge Congress to support bipartisan AV legislation

The Coalition for Future Mobility — whose members include the Alliance for Automotive Innovation, Lyft, Rivian and General Motors' self-driving unit Cruise — stressed the critical need for a federal framework for autonomous vehicles that can be signed into...

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Honda puts big chunk of media account into review

The so-called Tier 2 business includes regional spending. People familiar with the review say the goal is to consolidate the business into a smaller number of shops, AdAge reported. ... Read More »

GM hit by chip shortfall, to cut output at 4 plants

GM did not disclose how much volume it would lose or which supplier was affected by the chip shortage, but said the focus has been on keeping production running at plants building the highest-profit vehicles -- full-size pickup trucks, SUVs and the Chevrolet Corvette. ... Read More »

Jeep returns to the Super Bowl

The brand is back in the Big Game after last year’s "Groundhog Day" hit. ... Read More »

EV tech supplier Ree Automotive to go public via merger

The Israeli startup plans to merge with a special-purpose acquisition company in a deal that would give the combined entity an enterprise value of about $3.1 billion. ... Read More »

Mazda may cut global output by 34,000 units over two months, report says

Last week, Mazda was considering cutting output of models that include its CX-5 and CX-30 crossovers, as well as the Mazda 3 sedan, due to a shortage in supplies of chips used for brake systems and safety components, sources told Reuters. ... Read More »

Toyota aims to build record 9.2 million vehicles this year, report says

The automaker has informed its main suppliers of the plan, which reflects sales momentum in China and demand recovery in North America and Japan, the Nikkei reported. ... Read More »

FTC Staff Provides Annual Letter to CFPB On 2020 Equal Credit Opportunity Act Activities

The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) an annual summary of its activities enforcing the Equal Credit Opportunity Act (ECOA).The FTC is responsible for ECOA enforcement and education regarding most...

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