Digital Retailing Continues to Grow at Auto Dealerships
A recent report found car dealers offering consumers the ability to do a deal online has grown to 40% in the last year—but an urgent need to cutdown on repetitive steps happening in the showroom. Nearly all car dealers currently using digital retailing tools claim it has positively impacted their business, especially in customer experience […]
Ciocca Agrees to Purchase 10 More Pennsylvania Dealerships
The Ciocca Dealership group is growing its holdings in Pennsylvania. The agreement has Ciocca purchasing Apple Automotive, the automotive division of York County, Pa- based Stewart Companies. Terms of the deal was not disclosed, with the final transaction expected to be completed in February 2024. Ciocca Dealerships is a family-owned company operating 42 dealerships and […]
Mercedes Launches First Charging Hub in U.S.
Mercedes-Benz is offering a change to the way Americans charge their vehicles in the same way Starbucks altered the routine of getting a cup of coffee. Mercedes, in a joint venture with MN8 Energy to launch a network of premium electric vehicle (EV) charging stations across North America, inaugurated its first x-Benz Charging Hub at […]
Digital Dealer Unveils New Branding & Announces Launch of DealerPoint, Offering Targeted Networking and Driving Innovation
Digital Dealer has revealed its new branding and announced the launch of DealerPoint, a dynamic addition to its event portfolio. This unveiling of the refreshed logos marks a symbolic step forward for Digital Dealer, aligning with its commitment to innovation and growth. DealerPoint is a new, high end, focused networking event for automotive retail solution […]
Hyundai Dealers Will Be the First to Sell Cars Through Amazon Platforms
Amazon is getting into the (virtual) car dealership business. At the Los Angeles Auto Show Nov. 16, the Seattle-based online behemoth announced auto dealers for the first time will be able to sell vehicles on Amazon’s U.S. store in 2024—with Hyundai being the first brand available for customers to purchase. Dealers will be the end […]
GM Workers Approve Union Contract; Ford, Stellantis on Pace to Pass
Despite concerns that resulted in a closer than expected vote, General Motors (GM) union workers approved the deal negotiated by United Auto Workers (UAW) union. The deal was supported by roughly 54% of the more than 34,700 autoworkers at GM who voted, according to results posted Nov. 16 by the union. Results are still outstanding at […]
A Third of Dealers Still Lost Concerning Key Components of Safeguards Law Compliance
There has been plenty of chatter leading up to the new Safeguards law that went into effect earlier this year. Among many other components to the legislation and new requirements, the law requires auto dealerships to obtain clear and informed consent from website visitors before collecting and using their personal data, However, there are finer […]
CarGurus Agrees to Fully Acquire CarOffer, Will Buy Back $250M in Stocks
By James Hickey Managing Editor, DigitalDealer.com CarGurus will acquire the remaining minority equity interests in CarOffer for $75 million through an all-cash transaction, a deal expected to close next month. CarGurus acquired a 51% stake in CarOffer in 2021 with the ability to buy the remaining equity interest over the next three years. The decision […]
Despite UAW Strike, October Auto Sales Surpass Previous Month Totals
By James Hickey Managing Editor, digitaldealer.com October new-vehicle sales in the U.S. continued to remain strong despite worries the effect of the United Auto Workers (UAW) strike would have, as initial estimates show the seasonally adjusted annual rate (SAAR) came in right at the year-to-date average of 15.5 million, and sales volume was 1.2 million […]
