Dealerships

Texas dealership giving GM, FCA stock as bonus with new vehicle purchase

One Fort Worth, Texas dealership is offering a different type of incentive for buyers.

Photo courtesy of FCA US LLC

It's not unusual to get a complimentary gift card for test driving a new vehicle. The team over at Frank Kent Motor Co. in Texas had a different idea on how to lure buyers - complimentary stock options.

During the month of April, the Fort Worth dealership is offering Drive a Piece of America, Own a Piece of America, where buyers will be gifted 10 shares of General Motors stock with the purchase of any new GM vehicle or 30 shares of FCA stock with the purchase of a new Chrysler, Dodge, Jeep or Ram.

"We're thrilled to be able to share this gift. Our customers, employees and community are our most valuable assets and we will always invest in them. We stand behind Americans and believe in the strength of the FCA and General Motors brands. As our economy rebounds, we are hopeful that the value of the stocks will increase for the recipients," said Corrie Watson, President of Frank Kent Motor Co.

Fiat Chrysler Automobiles N.V. (FCAU) opened the day at $6.71 per share on the NASDAQ exchange. General Motors Company (GM) started the day higher at $18.04 per share.

Vehicle sales plummeted in March with many automakers posting declines of over 50-percent from March 2019's numbers. Additionally, many showrooms are closed. However, many dealerships are able to complete no-touch handoffs and service facilities are still operating as essential services in most states.

Frank Kent Motor Co. has developed into one of the largest Cadillac dealerships in the Southwest, has been awarded the General Motors Dealer of the Year, and is recognized in the Cadillac Master Dealer Hall of Fame. Their dealership portfolio has grown to include Cadillac, Chevrolet, Buick, GMC, Chrysler, Dodge, Jeep, and RAM.

In addition to the dealership, Watson and co-owner Will Churchill own and operate Fort Brewery, Cadillac Wines, and Grease Money Rubs, a seasoning line. They also founded Dream Park Fort Worth, an inclusive playground for children of all abilities.

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New electric SUV

Honda teases its first EV

The Prologue will go on sale as a 2024 model.

Honda

Honda is nearing the unveiling of its first electric vehicle, the Prologue, and today the automaker gave us our first glimps of the new vehicle. It's just a sketch, but Honda did share some production details and information on its product roadmap.

Honda DealerHonda plans to sell half a million EVs by the end of the decade. Honda

Honda says the Prologue will be an adventure-ready SUV "capable of satisfying everyday driving and weekend getaways with a strong hint of the well-received Honda e in the front fascia." The SUV was developed in Honda's Design Studio in Los Angeles, and was designed with an eye on Honda's global EV models. Honda said it focused on aerodynamics and fine-tuning the body to reducelines and improve range.

The Japanese automaker developed the Prologue alongside GM, but it has other EVs coming to market by 2026. By 2030, Honda says it will release 30 new EVs globally with a production volume of two million units. The co-developed vehicle is the first, but the rest will be built on Honda e:Architecture. In 2027, the automaker will begin building and selling a line of affordable EVs using the architecture developed with General Motors. Honda says it plans to sell half a million EVs in North America by the end of hte decade.

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The Denali Ultimate trim is new for 2023.

GMC

The GMC Yukon has always been a luxurious family hauler with beefy capability, but it moved even more upmarket in recent years with added tech and upscale interior materials. GMC just announced an even cushier version of the SUV for the 2023 model year. The Yukon Ultimate Denali gets unique styling touches and upgrades that take the already plush SUV to another level.

2023 GMC Yukon Denali Ultimate22-inch wheels are standard GMC

The Denali Ultimate gets exclusive upgrades over other trims that include 22-inch wheels and chrome accents outside. The full-size SUV just got a complete redesign for 2021, which brought updated boxy styling, and a sleek look, so there are no additional exterior changes for 2023.

GMC offers three engines in the standard Yukon, but only two make it into the Ultimate. The standard powertrain includes a 6.2-liter V8 that produces 420 horsepower. A 3.0-liter turbodiesel is also available that makes 277 horsepower and a whopping 460 pound-feet of torque. A ten-speed automatic transmission is standard for all engines, and four-wheel drive is available.

Inside, the Ultimate comes with Alpine Umber full-grain leather upholstery with 16-way power front seats and massaging. Trim-exclusive contrast stitching and aluminum trim accent the space, and the top model gets an 18-speaker Bose audio system with stainless steel speaker grilles.

2023 GMC Yukon Denali UltimateGrained leather upholstery and upscale interior finishes are standard. GMC

A 10.2-inch infotainment touchscreen comes standard, and offers Google services built in. Wireless Apple CarPlay and Android Auto are also standard, along with wireless phone charging. A Wi-Fi hotspot and Amazon Alexa functionality are available. GMC also offers Super Cruise hands-free driving system in the Denali Ultimate.

GMC hasn’t detailed pricing for the new SUV yet, but we expect it to start at a premium over the standard Denali, which starts at just over $70,000.

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