Dealer News Roundup!

U.S. Imposes 100% Tariff on Chinese Electric Vehicles

By: James Hickey, Managing Editor, DigitalDealer.com

The Biden Administration is raising duties on Chinese electric vehicles (EV) to over 100 percent, which are part of a number of tariff increases announced on May 14.

President Joe Biden unveiled the new policy on an array of Chinese imports affecting $18 billion in trade, including steel and aluminum, semiconductors, EV batteries, critical minerals, solar cells and cranes. Read More>>

New-Vehicle Prices Rise for First Time in 2024: KBB

By: James Hickey, Managing Editor, DigitalDealer.com

The price for new vehicles increased for the first time in 2024, according to a Kelly Blue Book (KBB) estimate released May 14.

The average transaction prices (ATPs) for April is expected to increase by 2.2 percent to $48,510, the highest price since December 2023. Read More>>

Key Tactics to Elevate Your Dealership’s Online Reputation

By: Sean Toussi , Glo3d.com

A positive online presence can significantly impact a dealership’s ability to attract and retain customers, directly influencing its overall success and growth.

Furthermore, according to Cox Automotive, more than half of today’s car shoppers view a dealership’s online reputation as the most critical factor in their decision-making process. Read More>>

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