In the United States, automotive dealers hold a lot of power. They get to decide the final price on the vehicles that they sell and sometimes they’ll jack that price way above MSRP. Even with that extra profit, some dealers will then add on ridiculous dealer fees. Which one is the wildest you’ve encountered? Dealer […]
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Times are changing for the automotive industry and Buick itself is no different. A new report suggests that the GMC sub-brand is planning to dramatically reduce its dealership network as it ramps up for an all-EV push. The brand’s global vice president, Duncan Aldred, laid out a plan that’s benchmarked against BMW, Lexus, and Mercedes-Benz. […]
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Ford dealers secured a big win at a conference this week. Dealerships that don’t want to make the investments required to sell EVs won’t be forced to make them, as long as they’re alright with only selling internal combustion vehicles. Ford previously outlined plans to update dealerships for EV sales. Now, though, a compromise has […]
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Lincoln will not follow the lead of General Motors in offering to buyout dealers who don’t want to shift to selling electric vehicles. The car manufacturer plans to be selling three distinct EVs by 2025 and will add a fourth by 2026. Lincoln president Joy Falotico says that the company will likely end 2022 with […]
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Here at Carscoops, we regularly report on shady dealer tactics but perhaps with this question of the day, we can help to educate dealerships as a whole. What are the most annoying things that dealership salespeople say? As a former car salesman and repair shop manager I bet I know a few of them. “It’s […]
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Chevrolet won’t follow the lead set by Cadillac and Buick, and won’t offer buyouts to dealers who opt not to make the necessary updates to sell electric vehicles. The brand will, therefore, allow its dealers to continue selling ICE vehicles alone. Scott Bell, the global vice president of Chevrolet, told The Verge that because the […]
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We’re living in the era of the stealership, but that won’t stop Ford CEO Jim Farley from asking dealers to help cut costs. While this could prove to be an uphill battle, Reuters is reporting that Ford wants to “cut $2,000 (£1,725 / €1,990) a vehicle out of selling and distribution costs to be competitive […]
Read MoreIn the last month alone, we’ve run at least six stories about dealers and challenges that consumers face in getting a fair price for their vehicle. But what has led us to this era of powerful dealers and crazy markups? NPR’s Planet Money has decided to take a look at the rise of the so-called […]
Read MoreWhen your car breaks down and has to be towed to a dealer for repair, you brace yourself for the bill that’s to come. But you don’t expect to be hit with a further $2,000 to replace an item that was working fine when the vehicle arrived at the dealership. However, that’s exactly what happened […]
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Monthly car payments are a fact of life for millions of us. Most people can’t afford to buy a brand new car for cash, and even those that can don’t like the idea of having their money tied up in a daily driver when it could be making more money by being used elsewhere. But […]
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