Auto Retail News
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Marketing & Advertising
How AI is Transforming the Automotive Industry
The automotive industry is at a turning point. Long-dominant carmakers in Europe and America now face tough competition from Chinese manufacturers, who are leading the way in electric vehicles (EVs). To stay competitive, many are turning to advanced
Dec 16, 2024
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Dealer/GM News
Optimism Rises Among Auto Dealers Following Election: Cox
Dealers are increasingly optimistic about the future now that the 2024 Presidential election is over, according to the Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI). The latest survey, conducted immediately following the national election in
Dec 16, 2024
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Dealer/GM News
Infiniti to Share Rooftops with Nissan Dealerships
As sales for Infiniti’s continue a decade long decline, some dealers looking to keep their doors open are being approved for a joint location with Nissan stores. According to recent published reports, an Infiniti dealership sells approximately 24
Dec 13, 2024
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Dealer Ops & Leadership
Working Together: How Auto Industry Players Are Fighting Back Against Digital Fraud
Three dealers had fallen victim to the same sophisticated fraud scheme in just one week. The story spreading through dealership break rooms across the country is becoming all too familiar. A new wave of digital payment fraud has hit the auto industry
Dec 12, 2024
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Dealer/GM News
New-Vehicle Prices Up YoY for Second Consecutive Month
New-vehicle prices in November climbed higher year-over-year for the second straight month as the average transaction price (ATP) was $48,724, an increase of $699, or 1.5 percent, from November 2023, according to data from Kelley Blue Book released D
Dec 12, 2024
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Sales & Variable Ops
Navigating the Shift: Key Insights from the Q3 2024 Automotive Market Report
As we look back on the third quarter, the automotive market has revealed key trends that highlight the complexities of inventory management for auto retailers. In Q2, dealers experienced a 10 precent sales increase for new vehicles despite challenges
Dec 11, 2024
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Dealer/GM News
Soracom Concentrates on Connected Car Strategy
Soracom recently announced its global strategy for the connected car industry by addressing connectivity and cloud management challenges faced in putting more connected cars on the road. To that end, it showcases a proof of concept (PoC), developed i
Dec 11, 2024
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Sales & Variable Ops
How to Turn the F&I Challenges into a Dealership Advantage
The finance and insurance (F&I) process is a challenging part of the car-buying journey. Customers frequently encounter issues like lengthy wait times, high-pressure upselling of additional products, hidden fees, and confusing financing terms, al
Dec 10, 2024
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Dealer/GM News
CDK Extends Service Agreement with Three Dealership Groups
As a tumultuous year comes to an end for CDK Global, the company has announced multi-year deals with three of the largest dealerships in the U.S. in the last few months Since September, CDK, the leading automotive retail software provider, announced
Dec 10, 2024