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Volvo Chairman Carl-henric Svanberg Declines Re-election

“All of the blacktop still type of bothers me,” Steve Gates, the incoming Toyota National Dealer Advisory Council chairman, informed Automotive News this month. “This is weird, but I’m more snug paying plenty of floorplan expense and seeing cars.” Gates’ firm, Gates Automotive Family, operates eleven dealerships in Kentucky, Indiana and Tennessee, together with three Toyota shops. New-vehicle inventories are beginning to construct again — and relatively rapidly — because of a mix of low incentives and better interest rates which have saved millions of potential buyers on the sidelines.