Auto Retail News
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Sales & Variable Ops
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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Digital Dealer
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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Sales & Marketing
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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Dealer/GM News
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
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Marketing & Advertising
7 Strategies for Car Dealers to Run Event Marketing
Event Marketing is a strategy used by car dealerships to promote their vehicles, services, and overall brand through organized events. These events can range from new car inventory, exclusive test drives, and service workshops to participation in lar
Dec 8, 2023
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Dealer/GM News
CarGurus Deal Acquiring CarOffer is Completed; Zach Hallowell Named CEO
CarGurus completed the acquisition of CarOffer, purchasing the remaining minority equity interests for $75 million on Dec. 4. CarGurus acquired a 51% interest in CarOffer in January 2021 and announced plans last month to accelerate the purchase of th
Dec 6, 2023
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Dealer/GM News
Haig Report Finds Mixed Results In Dealership Deals–More Deals, Lower Prices
While values declined slightly this year, 2023 is on pace to be the third most active year for the selling of U.S auto dealerships. That is one of the main takeaways of the Haig Report for third quarter 2023 that stated at least 385 rooftops have tra
Dec 5, 2023
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Dealer/GM News
New Research Reveals Age and Gender Differences in Vehicle Add-On Purchases
When consumers purchase cars at an auto dealer, they often buy supplemental products and services called voluntary protection products (VPPs). These provide additional coverage and protection for certain vehicle components or services not covered by
Dec 1, 2023
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Dealer/GM News
Nearly 4,000 Car Dealers Ask President Biden to Slow Down EV Push
Car dealers are asking President Joe Biden to “tap the brakes” in his administration’s electric vehicle (EV) push. A total of 3,882 franchised car dealers the U.S., calling themselves the EV Voice of the Customer, published the letter on No
Nov 29, 2023