"For us individually, I think it has the best profit growth potential," Payne said, adding that parts and service should also boost his stores' bottom line. But operating profit recovered in 2019. Have an opinion about this story? "I am very concerned with the government approvals of Tesla marketing," one respondent wrote, referring to states that have approved Tesla's direct-sales approach. Several of the big publicly owned dealership groups also are expressing optimism. ISSN 2576-1072 (online). See good deals, great deals and more on a Used Ford F150 in Santa Barbara, CA. For more information, see our Privacy Policy. 2020 Alfa Romeo For Sale. The vehicle with the highest share of 2020 inventory remaining is the Ford Escape, with 90.4 percent of its new car inventory coming from the 2020 model year. Atlanta October 2, 2020; The third quarter closed today, and auto sales are being reported by many automakers. ISSN 2576-1064 (print) In fact, the auto industry has … 4 on Automotive News' list of the top 150 dealership groups based in the U.S., forecasts 2020 new-vehicle sales in the U.S. to … As a result, we are releasing the Top 10 Companies to Watch in 2020 to help dealers identify innovative businesses breaking the mold in the industry. The online used-vehicle retailer appears to have remedied inventory woes that began with the outbreak of the coronavirus pandemic. "We usually see a dip in October/November of election years," one survey respondent wrote. Nearly half say they are hiring to expand dealership head count. But DeLongchamps points to a steady flow of certified pre-owned vehicles and robust used-vehicle sales in general as reasons to be bullish.AutoNation Inc. CEO Cheryl Miller said the retailer, No. See more newsletter options at autonews.com/newsletters. About three-fifths of respondents said they expect the election to affect their business this year. The battle will continue in 2020 with the coming of a new Ford F-150, the perennial sales leader. Manheim spending nearly $100 million in 2021 on auction improvements, S. Korea to exempt auto chip buyers from COVID-19 quarantine, provide vaccines, NHTSA reopens comment period on test procedures after industry request, How the quake helped Toyota N.A. The Automotive News mission is to be the primary source of industry news, data and understanding for the industry's decision-makers interested in North America. The Automotive News mission is to be the primary source of industry news, data and understanding for the industry's decision-makers interested in North America. U.S. auto sales were looking good for the first few months of 2020—until the COVID-19 pandemic interrupted many aspects of daily life in our country. Less than half of respondents said they expect new-vehicle sales to improve over last year. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Detroit, Michigan There are so many manufacturers selling their products in … 1,089 for sale starting at $32,140. ... See the Rust Under Our Brand-New 2021 Ford F-150. The next top factor cited was rising new-vehicle prices and corresponding consumer affordability concerns. "Going into 2019, there was a prediction that [we] may have a recession," said Lee Payne, owner of Planet Honda and Planet Hyundai stores in Golden, Colo. "The stock market took a big hit at the end of 2018, and I think that was a little bit of a hangover. "All the money's already been invested in the brick-and-mortar [store]. 2 and 3 slots this week go to newbies to the list. Cuts to the federal funds rate in 2019 have led to lower interest rates that have generally given consumers more favorable vehicle loans — and helped dealers reduce their floorplan costs, Manzi said. 8,075 for sale starting at $25,642. Respondents were allowed to select up to three factors from a list of possible answers. When asked about the factors leading to that concern, respondents overwhelmingly pointed to declining margins on vehicle sales. Search pre-owned 2020 Audi R8 listings to find the best Santa Barbara, CA deals. Group 1, ranked No. Choose your news – we will deliver. According to Automotive News, Ford recently showed its top U.S. dealers a new pickup model that’s smaller than the Ranger.No cameras were allowed, but the goal with this product is … ISSN 2576-1064 (print) "Everything looks really stable," DeBoer said. The Cox Automotive wholesale giant said it's looking to button up the seams in the auction process, from the physical lanes to remote screens. 3 on the list, expects 2020 new-vehicle sales in the U.S. to be close to 17 million, and CEO Bryan DeBoer said he has no major concerns for the year. It’s not news to dealers that shocks to both consumer demand and manufacturer supply have driven auto industry sales downward, creating a challenging auto industry future outlook for the rest of 2020. 1,185 for sale starting at $28,116. navigate COVID, Baidu to build intelligent-driving project in Chengdu, Antolin forms auto electronics JV with Shanghai company, Polestar appoints new leader for China, Asia Pacific, Sales rally in February but volume trails pre-pandemic levels, The industry is racing to modernize the way in which EVs are built, As EV output explodes in China, e-axle drive assembly automates, Plus to roll big rigs on a ‘continuum' toward self-driving future, Lidar moves beyond vehicles to underpin a reimagined logistics chain, Utilities in South, Midwest to build more EV chargers, Honda to prep 2 EVs developed with GM, rededicate itself to hybrids, Bollinger to begin deliveries of SUV, pickup, 2 chassis-cab models in 2022, Uber, Lyft agree to share information on banned drivers in safety push, Ford of Europe repositions for EV-focused future, Next supply issue: Foam shortage on the horizon, NISSAN: 2022 Pathfinder and 2022 Frontier, The new Stellantis pickup: Schrödinger's Dakota, Fisker gets a rare second chance to build his own car company, Gerry McGovern is right man to steer Jaguar reinvention, Forget the Ford GT; Moray Callum's biggest hit is the aluminum F-150, March 9, 2021 | An electric storm is moving in, February 23, 2021 | Reliability continues to soar, February 16, 2021 | Apple looks to take bite out of automotive, Prosecutors show an unsettling path to save Chrysler, Automation doesn't mean personalization ends, The Darwinization of auto retail is coming, Why Geely wants to be a contract manufacturer, Shanghai hints at how Chinese cities will pursue electrification, How Tesla, GM transformed EV market in 2020, Lean lots won't last without new dealer discipline, Chip shortage shows need for new thinking, Digital demands squeeze smaller auto retailers, AutoNews Now: 'They care deeply': Next-gen Ford family members nominated to board, AutoNews Now: Toyota boss to Apple: The auto industry is tough, AutoNews Now: Nissan promotes N.A.