The article below is sourced from Bloomberg Wire Service. The views and opinions expressed in this story are those of the Bloomberg Wire Service and do not necessarily reflect the official policy or position of NADA. Toyota Motor Corp. released a conservative profit forecast for the current fiscal year that aligned with analyst…

Local dealerships are essential in selling and servicing electric vehicles (EVs) – and the numbers back it up. Wards Intelligence data shows that dealerships sold nearly five times as many EVs in 2022 as they had in 2020. And the projections for 2023 anticipate another big leap. The first three months of 2023 have already seen a 60 percent…

Gary Rome, president of Gary Rome Hyundai and Gary Rome Kia in Holyoke, Mass., was named the 2023 TIME Dealer of the Year at NADA Show 2023 in January.

The Standards for Technology in Automotive Retail (STAR), is an organization whose members represent all aspects of the auto retail technology ecosystem – dealers, vendors, and OEMs.

May is Asian American and Pacific Islander (AAPI) Heritage Month – a celebration of Asians and Pacific Islanders in the United States. This month pays tribute to the generations of Asian and Pacific Islanders who have enriched America's history and are instrumental in its future success. At NADA, we honor this month by spotlighting…

Mercedes-Benz AG said its order backlog will support sales in the coming months in a subdued global economy where demand in Europe is falling behind strong US and Chinese markets. 

Sweden-based automaker Volvo Cars reaffirmed its outlook on Thursday and said it saw no point in cutting prices given healthy demand as its operating earnings beat estimates.

Toyota Motor Corp. cemented its position atop the world’s automaking giants, producing a record 10.7 million cars as a group for the 12 months ended March 31 thanks to increased capacity and production optimization in North America and Asia.

Kia Corp. wants to increase sales of electric vehicles so they account for 9% of revenue by the end of the year, up from 5.5% last quarter.

Honda Motor Co. plans to launch one new mid- to large-sized electric vehicle in North America and four EV models in Japan from 2025, Chief Executive Officer Toshihiro Mibe said, as the Japanese automaker seeks to only sell electric cars globally by 2040.