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Victory Automotive Group, Norm Reeves, Patriot Auto Group: Dealership Roundup
Victory Automotive Group Purchases California Dealership The Tim Lamb Group recently brokered the sale of Harvey Auto Group’s San Leandro Mazda dealership to the Victory Automotive Group. The deal, finalized Oct. 21, is Victory’s 53rd store in th
Oct 31, 2024
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Automotive Haptics to Be a Multibillion-Dollar Market by 2035
Haptic technologies deliver feedback through the sense of touch, from simple vibration alerts all the way to immersive tactile interactions. In 2024, the largest market for haptics is in smartphones, but as the smartphone market stagnates, the indust
Oct 30, 2024
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CarGurus Teams With NFL Legend Drew Brees for “Keys to Success” Campaign
CarGurus, the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles, launched a new campaign with NFL legend Drew Brees focused on helping today’s drivers feel even more confident and prepared during the car bu
Oct 30, 2024
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Average Amount Owed on Upside-Down Car Loans Hits an All-Time High
A new report found a growing number of Americans with auto loans owe more than their cars are currently worth, according to data from Edmunds. According to the company’s research, more than one in five consumers with negative equity owe more th
Oct 30, 2024
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Goldilocks and the Three Dealerships – Integrating AI
Innovations in technology can be both exciting and intimidating as new breakthroughs gradually develop throughout society. Mobile phones are one of the most important innovations of the 21st century, enhancing communication while eventually evolving
Oct 29, 2024
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automotiveMastermind Promotes Jeremy Carter to COO
automotiveMastermind, the automotive industry’s trusted data and technology provider, has promoted Jeremy Carter from vice president of business operations to chief operating officer, effective October 2024. This role is critical to the organizatio
Oct 29, 2024
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October New-Vehicle Sales Expected to Increase 10%
Sales volume in October is anticipated to jump 10 percent compared to the month previous and 7.9 percent higher then October 2023, with Cox Automotive officials saying the increase is primarily due to the differences in the number of selling days. As
Oct 29, 2024
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American Auto Dealers Need to Trust (But Verify) Data
Dealers are data-curious and dubious. And that’s a problem. Consider Cox Automotive’s recent eye-opening Power of Data Study. “While 83 percent of dealerships have access to data insights from a dashboard or reporting tool, less than one-third
Oct 28, 2024
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vAuto Enhances Conquest Win VIN-Specific Incentives to New Cars
vAuto recently announced new functionality that solves another pain point for franchise dealers: managing increasingly complex new vehicle incentives. Officials at vAuto, a Cox Automotive brand, said this is achieved by making it easier for dealers t
Oct 28, 2024