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Dealer Magazine: The Red Flags Car Dealers Need to Know: Valuations & Succession
Enhancing business value, maintaining family ownership continuity, and effectively growing the business as a car dealer all rely on a solid succession planning strategy. In today’s competitive landscape, family-owned dealerships must be proacti
Dec 15, 2023
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Dispelling Myths About Range Anxiety: The Reality of EV Adoption
Range anxiety—the fear that an electric vehicle (EV) will run out of power before reaching its destination—remains a primary concern for many considering an EV purchase. This apprehension often stems from misconceptions about EV driving range, ch
Dec 15, 2023
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Diversity & Inclusion in the Auto Industry Requires a Different Mindset
The numbers speak for themselves: investing in diversity is not just a moral imperative; it’s vital to business success. And the automotive industry seems to understand its importance. Over the past several decades, we’ve seen dealer principals h
Dec 15, 2023
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CARS Rules on Junk Fees to Go Into Effect in 2024 Despite Industry Objections
The Federal Trade Commission (FTC) this week finalized protections against junk fees when buying a car set to take effect in 2024 that dealer industry leaders called “heavy-handed.” The Combating Auto Retail Scams (CARS) Rules from the FTC will r
Dec 14, 2023
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How to Avoid Needing a Barf Bag At Your Dealership
Recently, I was traveling on Something-or-other Airlines, (as I often do), and noticed the barf bag in my seat pocket was patented. It was quite a large marking, too. “Huh,” I thought. I have to look this one up on Google. So, here it is: Metho
Dec 14, 2023
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Tesla to Recall Nearly 2 Million Vehicles Due to Autopilot Issue
Tesla will recall nearly its entire fleet of cars on the road due to safety issues. The company announced the move on Dec. 13 affecting more than 2 million cars after an investigation by federal officials found the autopilot safety system was “not
Dec 13, 2023
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Dealer Magazine: An Interview with Megan Proctor-Connelley and Don Monda of The Proctor Dealerships
DigitialDealer.com had the pleasure of speaking with Megan Proctor-Connelley and Don Monda from The Proctor Dealerships, which comprises Proctor Acura, Proctor Honda, and Proctor Subaru in Tallahassee, FL, for an interview recently published in Dea
Dec 13, 2023
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New-Vehicle Prices Down for Third Straight Month as Market Shifts Toward Buyers
On the heels of a report finding that car dealers are pessimistic about the current state of the industry, the numbers show a buyer’s market is emerging in the U.S. The new-vehicle average transaction price in November was $48,247, an increase of l
Dec 12, 2023
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Interests Rates, EV Slowdown Spur Concerns of Auto Dealers: Cox Automotive
Economic headwinds have auto dealers pessimistic going into the last quarter of 2023. The most recent Cox Automotive Dealer Sentiment Index (CADSI) report revealed a significant decrease in U.S. auto dealer sentiment in Q4 2023, driven in part by hig
Dec 11, 2023