Auto Retail News

JM Family Enterprises, a privately held company with more than $20 billion in revenue, announced that Dan Chait, currently president and chief operating officer (COO), has been named president and CEO, effective January 1, 2025. He is succeeding Bren

New vehicle inventory on auto dealer lots hit 3.14 million units in October, the second consecutive month new vehicle inventory jumped by 90,000 units (2.9 percent), according to the recently released ZeroSum‘s report for November. The “S

Used car prices are lower than they’ve been in years. Back in 2020, limited inventory supply couldn’t meet customer demand—and as a result, dealerships could charge higher prices and boost profit margins. But the tide has turned. Now, despite l

Marchex, which harnesses the power of AI and conversational intelligence to drive operational excellence and revenue acceleration, announced the phased rollout of its vertical-specific advanced AI solutions for lead identification, lead value assessm

U.S. Sen.-elect Bernie Moreno (R-OH) recently outlined the objectives focused on the auto industry he will work on with President-elect Donald Trump and his administration to enact in the coming years. Among the subjects discussed in a recently publi

Sometimes it’s not the Star Wars cybersecurity failure that plague dealerships. One of the most prevalent of this is the ubiquitous Wi-Fi network not being configured properly, setting up hackers to exploit. If there is one cybersecurity measure th

Leading digital wholesale platform CarOffer, part of the CarGurus network, announced the addition of Scott Wood as senior vice president of operations. In his role, Wood leads day-to-day operations, strategic planning, and implementation of operation

October’s average transaction price (ATP) for a new vehicle was $48,623 as incentives to make a deal continue to grow, according to data released from Kelley Blue Book (KBB). The ATP rose $200 from September’s revised price and higher by 1.7 perc

CallRevu, the industry leader in communication intelligence for automotive dealerships, has expanded availability of TestTrack, its AI-driven, customizable training platform. Following a successful launch last month, TestTrack is now available to dea