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Washington Top State for Auto Loan Delinquency Increases

A recent Wallet Hub report identify the states where auto loan delinquency is increasing the most as the overall rate for the last three month of 2023 was 4.17 percent. According to WalletHub officials, the year-over-year overall comparison showed a
Apr 29, 2024
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Court: Auto Dealerships Liable for Sales Tax When Employees Use Cars that are for Sale

A recent decision in Arkansas could cost auto dealerships who allow their employees to use vehicles that are up for sale on their lots. In a case brought against Trotter Ford by the Arkansas Department of Finance and Administration (ADFA), the state�
Apr 26, 2024
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Service Management Performance Technology—A Must in Today’s World….

Do you ever feel overwhelmed by the intricacies of managing your dealership’s operational efficiency? In the fiercely competitive landscape of automotive dealerships, fixed operations stand as a battleground where success hinges on heightened visib
Apr 26, 2024
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April New-Vehicle Sales Down 2.2 Percent from Last Year: Cox

April new-vehicle sales is continuing a pace that would make 2024 the best in five years despite a decline from a year ago, according to Cox Automotive. Sales volume for April is expected to fall 2.2 percent from April 2023 to 1.34 million units. The
Apr 25, 2024
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automotiveMastermind Enhances Mastermind’s Connectivity Through Tekion Integration

NEW YORK (April 23, 2024) – automotiveMastermind, the automotive industry’s trusted data and technology provider, will integrate its Mastermind technology with Tekion, innovator of the first and fastest cloud-native automotive retail SaaS platfor
Apr 25, 2024
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Bob Howard Luxury, Preston Automotive, Van Horn Automotive: Dealership Sales Roundup

Bob Howard Luxury Auto Group Acquires Colorado Tractor Dealership The Bob Howard Luxury Auto Group acquired Universal Tractor Co. in Lakewood, CO, from the McCarty family in a deal brokered by Performance Brokerage Services. Bob Howard Luxury Auto Gr
Apr 25, 2024
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Take the Wheel, Gen Z: What Drives the Newest Generation to Engage with Auto Brands

As the automotive industry faces a delicate balance of ensuring short-term profitability while remaining focused on long-term growth through electric vehicles, autonomous technology, and connected services, a new generation has come of age. Generatio
Apr 24, 2024
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NADA Details Where 2023 Advertising Dollars Were Spent

Auto industry advertising dollars continued to rebound from the pandemic in 2023, according to the National Association of Automotive Dealers (NADA). In their 2023 Full Year Report, NADA data found the nation’s 16,835 franchised dealers spent four
Apr 24, 2024
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The Strategic Imperative for Auto Dealers to Prioritize F&I Product Sales & Wealth Building in Challenging Times

In today’s constantly evolving automotive industry, dealerships face the challenge of maximizing revenue amidst fluctuating market conditions and consumer preferences. Particularly in today’s times of economic uncertainty, it becomes paramount fo
Apr 23, 2024