car dealership
Tesla Stock Plunges as Musk Cautions about Weak 2024 Sales
Happy Friday! It’s January 26, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know.
“Car Dealerships’ Gender Pay Gap Exceeds National Average | Giga Gears”
The average American household earned $74,580 in 2022 across all industries, according to U.S. Census Bureau data. The salary gap between women who work at car dealerships and men who work at franchised car dealerships is approximately one average American household, according to new survey data from Automotive News.…
Dealers’ Victory: Feds Temporarily Retreat on Shady Junk Fee Ban
Junk fees plague industries like hotels and airlines and end up costing consumers billions every year in add ons, “administrative fees” and other overpriced nonsense. The fees really come out of the woodwork at car dealerships, it seems. While it was enough of a problem for the federal government to take notice,…
VinFast’s 2024 Plans: Everything Except Quality Cars | Giga Gears
The VinFast VF8 is a bad car, and with a base price of nearly $50,000, you can’t even make the argument that it doesn’t need to be fancy because it’s cheap. Despite that (and all the negative reviews that came from the press launch), VinFast decided to start selling its cars in the U.S. Or at least attempt to sell…
Fisker Shifts to No-Haggle Dealer Partnerships in the U.S.
The reborn Fisker produced just over 10,000 cars in 2023, delivering around 4,700 units of the Ocean crossover to customers across 12 markets worldwide (including some right-hand-drive countries) following the first deliveries in June. Fisker says it is already a revenue-generating company, despite supply chain issues…