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Dealer/GM News
Wolters Kluwer: Long-term Digital Adoption Rates Continue to Grow
Adoption of digitized contracting and documentation workflows by auto retailers and lenders continues its upward trend, according to the Q3 Auto Finance Digital Transformation Index from Wolters Kluwer Compliance Solutions. While mostly unchanged at
Dec 20, 2024
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Dealer/GM News
Victory Automotive Group, Community Auto Group, ECD Automotive Design: Dealership Deals
Advantage Toyota and Ball Toyota of Charleston Sold Advantage Toyota and Ball Toyota of Charleston have been sold to Victory Automotive Group in a deal brokered by Haig Partners LLC. Advantage Toyota, now called Victory Toyota of Barboursville, was o
Dec 19, 2024
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Dealer/GM News
Over 300 Dealership Transactions So Far in 2024: Kerrigan
The auto dealership buy/sell market rose to another record high, with 330 dealership transactions representing 544 franchises sold completed in the first nine months of 2024, according to recent report from Kerrigan Advisors. The recently-released Th
Dec 18, 2024
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Dealer/GM News
Amazon Begins Selling Hyundai’s Online
Amazon Autos is live. Started last week, consumers in 48 U.S. cities were able to browse, order, finance, and schedule pickup of a new Hyundai vehicle from their local participating dealer directly on Amazon. The kickoff comes a year after the online
Dec 17, 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/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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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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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