automotive news magazine

Should You Repair or Replace Your Damaged Auto Glass?Should You Repair or Replace Your Damaged Auto Glass?

July 6, 2023| 8:01 pm

If you’re a Tampa, FL, vehicle owner who has recently had their auto glass damaged, you’re probably wondering if the damage is repairable. In the sections below, you’ll learn more about the factors affecting auto glass repair and replacement. Repairing Your Damaged Auto Glass Repairs are preferable over replacement because it’s cheaper and, in some cases, auto insurers will cover the repair costs completely. For windshield repair or other types of auto glass to be repairable, it must meet the following criteria: The crack or chip only damaged the outer layer of glass The bullseye is no bigger than one… [...]

LMP Automotive sells Chevrolet and Buick-GMC car dealershipsLMP Automotive sells Chevrolet and Buick-GMC car dealerships

July 3, 2023| 4:29 am

LMP on June 13 also sold Beckley Buick-GMC Auto Mall in Beckley, W.Va., to Dutch Miller Auto Group, according to Chris Miller, that group’s president. The store was renamed Dutch Miller’s Beckley Auto Mall, Miller said. Beckley is southeast of Charleston. “That is a market that we really do want to be in,” Miller said. “We are a West Virginia-based company. We want to continue to invest inside of West Virginia. Any opportunity that we can find inside of the state, we are very, very interested.” It marks Dutch Miller’s first acquisition since it bought a Buick-GMC store in [...]

EV makers are dividing into leaders and stragglers in USEV makers are dividing into leaders and stragglers in US

June 25, 2023| 2:30 am

Some of the recent darlings of the EV market, including Kia and Rivian Automotive, are off to a slow start this year due to supply chain issues and the loss of the federal EV tax incentive because of tougher eligibility rules. Overall, new EV registrations grew 72 percent in the January to April period, according to Experian, driven primarily by Tesla, with 52 percent growth and a 60.8 percent share of the electric-car market. Non-Tesla brands split the rest of the EV market among 24 marques. But not all makers are enjoying the EV sales surge evenly. And some promising… [...]

Franchise Equity Partners invests $55M in Parks Automotive GroupFranchise Equity Partners invests $55M in Parks Automotive Group

June 6, 2023| 10:12 pm

“We remain a passive partner,” Romanoff said. “Adam and team continue to fully run operations, but we’ve provided them the intellectual and equity capital that they need to further their objectives.” Family-run Parks Automotive is the second auto retailer investment for Franchise Equity Partners, following its $70 million October investment in Georgica Auto Holdings. Shortly after that partnership was announced, Georgica Auto bought three dealerships in Connecticut. Launched by Romanoff and Michael Esposito in November 2021, the firm received $1 billion in funding from HPS Investment Partners. It was tasked with investing in five sectors, including automotive dealerships, with [...]

GM CEO Mary Barra: Software, services, autonomy mean growthGM CEO Mary Barra: Software, services, autonomy mean growth

June 5, 2023| 10:10 pm

General Motors sees the biggest revenue opportunities from software and services that go beyond what vehicles offer today, rather than charging for features such as heated seats that customers already expect, CEO Mary Barra said Friday. Such software and services represent a major growth opportunity for GM, particularly as they extend beyond a vehicle’s first owner, Barra said at a Bernstein investor conference Friday. She said the automaker has learned from its OnStar safety and connectivity service what consumers are willing to pay for and what they expect to be in the vehicle. GM has seen a willingness for “something… [...]

Cost of Windshield Replacement Is Going UpCost of Windshield Replacement Is Going Up

May 19, 2023| 6:50 pm

Today, it seems as if the prices on just above everything (food, gas, rent) are going up–and glass is no exception. Unfortunately, maybe not all that surprisingly, the cost of automobile glass materials has been rising every month. . . and continues to do so. In fact, the Bureau of Labor Statistics’ Producer Price Index data pulled back in January 2022 showed that motor vehicle parts increased by 5.2 percent from the previous year. Specifically, adhesives and sealants increased in price by 14.2 percent, while prices for materials related to motor vehicle repair and maintenance increased [...]

Lithia Motors buys UK dealership group Jardine MotorsLithia Motors buys UK dealership group Jardine Motors

March 20, 2023| 9:19 pm

Jardine Motors has more than 40 new-vehicle franchise points in the UK, with a portfolio of luxury brands including Aston Martin, Porsche and BMW, DeBoer said. Part of the conglomerate Jardine Matheson Holdings, Jardine is Europe’s 23rd-largest dealership group by annual revenue, according to Automotive News Europe’s 2022 Guide to Europe’s Biggest Dealers. The deal will add $2 billion to Lithia’s annual revenue, DeBoer said. In 2022, the company’s revenue surged 24% to $28.23 billion. “And more importantly, it gives us a foundation to grow more in the United Kingdom, which is helping us drive towards our $50 billion target… [...]

Toyota’s hydrogen-powered Corolla race car catches fireToyota’s hydrogen-powered Corolla race car catches fire

March 18, 2023| 6:48 pm

But Toyota executives said the fire, which occurred during a private test run at Fuji International Speedway, was unrelated to the car’s adoption of hydrogen fuel instead of gasoline. The cause, the company said, was a pipe joint loosened by vehicle vibration. “What I want everyone to understand today is that hydrogen was not the cause of this problem,” Tomoya Takahashi, president of Toyota’s Gazoo Racing Company, said at a briefing. “Rather, it is as the insufficient consideration of our design work,” he said. “Whatever fuel we used could have leaked and caught fire.” Despite the setback, Toyoda himself ordered… [...]

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