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Overfuel says combination will enable fast innovation and product development, giving dealerships better options when choosing a technology partner.
https://www.autodealertodaymagazine.com/372082/digital-retailing-platform-buys-car-buying-company
The average age of America’s registered cars and light trucks has risen again, to 11.8 years, according to the latest report from IHS Markit.
http://www.providers-administrators.com/357337/ihs-average-age-of-u-s-vehicles-continues-to-riseBrooklyn Mitsubishi’s El Patronn will host the inaugural Automotive Game Changers Conference in New York City in December.
https://www.fi-magazine.com/350958/brooklyn-dealer-plans-game-changers-event
Expert shares the four essential components dealers should look for in outside training programs for sales and F&I professionals, each of which contributes...
https://www.autodealertodaymagazine.com/358832/5-ways-training-improves-retention-and-results
F&I and Showroom is now accepting nominations for the 2015 F&I Dealer of the Year award. Nominations must be received by July 31, 2015.
https://www.autodealertodaymagazine.com/321773/nomination-deadline-for-fi-dealer-of-the-year-announced
These challenges were designed to give F&I and sales professionals an opportunity to showcase their skills to the DealerTech Summit and Industry Summit...
http://www.providers-administrators.com/369091/dealertech-summit-now-accepting-challenge-submissions
Electric models, though, made headway last year in the rankings.
https://www.agent-entrepreneur.com/375304/trucks-and-suvs-dominate-popular-used-salesSpurred by a nearly 25% drop in fuel price, the annual cost to own and operate a vehicle in the United States has fallen to a six-year low of $8,558,...
https://www.autodealertodaymagazine.com/322285/drop-in-fuel-prices-pushes-cost-to-own-a-vehicle-to-six-year-low
J.D. Power forecast shows robust inventory and incentives are pairing with falling interest rates to boost business, despite trade-in equity drop.
http://www.providers-administrators.com/374836/october-new-vehicle-sales-expected-up
Black Book recently published an update to their weekly COVID-19 Market Insights report.
http://www.providers-administrators.com/363169/covid-19-market-insights-3
Cox Automotive and LMC report new-vehicle inventories shrank to just over 915,000 in September and predict further shrinkage as production issues and supply...
https://www.autodealertodaymagazine.com/366214/cox-and-lmc-put-days-supply-of-inventory-below-1-million-vehicles
Adjustments part of industry price war it started as it looks to increase demand.
https://www.agent-entrepreneur.com/370235/tesla-cuts-more-models-prices
AAA researchers found frigid temperatures cut electric-vehicle range by an average of 41% after a series of tests in 20-degree weather.
https://www.autodealertodaymagazine.com/355826/aaa-icy-weather-kills-ev-range
A driver lost sight in one eye when one dislodged in an accident.
http://www.providers-administrators.com/372352/consumers-warned-to-avoid-steering-wheel-decalsThe average transaction price for a new car rose 2.2% to $33,781 in February, Kelley Blue Book reported today. The vehicle information site also noted that...
https://www.autodealertodaymagazine.com/322197/average-new-vehicle-transaction-price-reaches-33-781-kbb-reports
Toyota maintains operations in Europe will be carbon neutral by 2040, at Toyota Motor Europe’s annual Kenshiki presentation in Brussels.
https://www.agent-entrepreneur.com/369561/toyota-sets-sights-on-carbon-neutrality-in-europe-by-2040
Cox’s Auto Market Weekly Summary for January 13 shared both positives and negatives.
https://www.fi-magazine.com/369828/auto-market-experiences-ups-and-downs
Cox Automotive nevertheless sees growth continuing for the long haul.
https://www.agent-entrepreneur.com/372810/evs-hit-records-but-sales-growth-slows
While sales of new vehicles declined 13.4% year over year in Q3 due primarily to low inventory and high prices, sales of electrified vehicles jumped by...
https://www.autodealertodaymagazine.com/366230/cox-automotive-in-q3-sales-of-electrified-vehicles-surged-past-1-million-unitsSixty percent of respondents to the technology provider’s dealer survey indicated that they are not considering using tablets in either their sales or F&I...
https://www.autodealertodaymagazine.com/322912/elend-study-mobile-technology-adoption-hampered-by-resistance-to-change
MAX Trade Value was developed in partnership with auto dealers and designed to leverage deep market data to facilitate online trade-in valuations.
https://www.autodealertodaymagazine.com/359530/max-digital-adds-trade-valuation-tool
GM sales fall short of Toyota Motor Corp. over two consecutive quarters.
https://www.fi-magazine.com/366089/will-gms-dominance-end-over-chip-shortage
Kerrigan Advisors’ latest Blue Sky buy/sell report counts 49 transactions in the second quarter, a slight decline from Q1 but enough to maintain a...
https://www.fi-magazine.com/358207/pace-of-dealership-acquisitions-slows-in-q2
The more insight lenders have into the current market, the better positioned they will be to present car shoppers with financing options that meet...
https://www.autodealertodaymagazine.com/362659/auto-industry-rebounds-despite-early-covid-19-challenges
The frenzied sales fever that pushed new car sales to record heights is cooling, with demand for pre-owned vehicles returning to more normal levels.
https://www.autodealertodaymagazine.com/365434/used-car-sales-returning-to-normal
The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.
http://www.providers-administrators.com/368850/cox-automotive-cpo-sales-to-see-double-digit-percentage-decline-in-2022
Now in week three of February, we continue to see the wholesale market improving.
https://www.agent-entrepreneur.com/370127/black-book-weekly-market-report-10
On October 20, the National Automobile Dealers Association (NADA) made several leadership announcements for 2021.
https://www.autodealertodaymagazine.com/363184/nada-makes-major-leadership-announcements
Haig Partners’ Q2 report charts an astonishing 60% drop in buy/sell activity among U.S. auto dealerships and finds privately held stores and groups are...
https://www.agent-entrepreneur.com/358232/used-vehicle-volumes-up-4-1-among-privately-owned-dealersUsed-vehicle buyers are turning to sports cars in greater numbers thanks to low fuel prices, which are allowing them to forego fuel efficiency in favor of...
https://www.fi-magazine.com/322319/kbb-low-fuel-prices-have-used-vehicle-buyers-flocking-to-high-performance-segmen
A new infographic from LoJack illustrates how GPS-powered inventory management maximizes front-end profits, drives customer retention and service revenue,...
https://www.agent-entrepreneur.com/358216/lojack-gps-can-be-a-dealers-best-friend
Luxury car brands, such as Rolls-Royce, Bentley, Porsche and BMW saw record sales in 2021.
https://www.autodealertodaymagazine.com/366966/luxury-brands-saw-record-sales-in-2021
Average wholesale used-vehicle prices reached $11,141 in April, a 2.2% increase from March and a 2.5% increase from a year ago, Tom Kontos reported. The...
https://www.fi-magazine.com/323166/kontos-wholesale-prices-show-strength-again-in-april
Subcompact cars have consistently seen high depreciation, including last week.
https://www.agent-entrepreneur.com/375547/black-book-weekly-market-update-34The effects of Volkswagen’s diesel engine scandal are beginning to sink in, with the automaker reporting a 24.72% drop in November sales.
https://www.autodealertodaymagazine.com/322042/volkswagen-suffers-24-7-drop-in-unit-sales
About 25% of customers gave companies like Tesla or Rivian a one-star rating for their EV purchases.
https://www.fi-magazine.com/372693/consumers-give-low-marks-to-direct-to-consumer-ev-companiesLast week, cars showed better retention that they did the previous four weeks, while trucks depreciated more than they have during that same timeframe,...
https://www.autodealertodaymagazine.com/322652/black-book-truck-segment-showing-higher-depreciation
Vehicle to be used initially in demonstrations, tests.
http://www.providers-administrators.com/370175/bmw-pursues-hydrogen-with-pilot-modelThe firm’s 2016 U.S. Customer Service Index (CSI) Study shows that last year’s record number of recalls is having an effect on customer satisfaction with...
https://www.autodealertodaymagazine.com/322230/recalls-spur-drop-in-service-satisfaction-j-d-power-reports
Will lead company's automotive retail innovation and growth strategies.
https://www.autodealertodaymagazine.com/371870/carnow-appoints-kayne-grau-as-ceo
A merger of databases between VinSolutions and Infiniti was designed to enhance the showroom experience by increasing real time access to key customer...
https://www.autodealertodaymagazine.com/359411/vinsolutions-integrates-with-infiniti-sales-app
Changes aimed at greater EV adoption as government works to curb pollution.
http://www.providers-administrators.com/370570/epa-ushers-in-strictest-emissions-rules-yetThe hard plastic, dry-erase tags give dealers the ability to reuse them instead of throwing them away, as is the case with traditional paper tags. These...
https://www.fi-magazine.com/322355/new-dry-erase-hang-tags-offer-potential-cost-savings
Analysts reaffirm the company's market rating because of the improved forecast.
https://www.agent-entrepreneur.com/371665/carvana-raises-q3-profit-expectations
Reconsider every aspect of your sourcing, reconditioning, marketing, and lead-generation efforts to get the biggest bang for your used-vehicle buck.
https://www.fi-magazine.com/358002/4-steps-to-maximize-pre-owned-profits
Tesla plans to increase production of Model Y and Model 3 EVs in Q4 and keep growth going as newer factories in Austin and Berlin come online in 2023.
https://www.agent-entrepreneur.com/369012/tesla-output-expected-to-grow-throughout-2023
Agency decides not to recall the SUVs over sudden engine shutdowns.
https://www.fi-magazine.com/372660/nhtsa-closes-jeep-compass-probe
The number of potentially affected vehicles has also fallen with 4,622,752 vehicles affected so far.
https://www.agent-entrepreneur.com/367302/2022-vehicle-safety-recalls-on-downward-trend
Report analyzes results of the last week before U.S. trade tariffs were set to take effect.
https://www.agent-entrepreneur.com/375747/black-book-weekly-market-update-39
Tesla nearly sweeps luxury brand categories; Subaru leads non-luxury brands.
https://www.agent-entrepreneur.com/360720/kelley-blue-book-announces-2020-brand-image-award-winners