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Dealer/GM News
Higher Incentives, More Choices Help EV Market to Record Sales
Electric vehicle (EV) sales in the U.S. are expected to grow by 11 percent year-over-year in the third quarter, which would reach record highs for both volume and market share when final numbers are announced, according to new estimates from Kelley B
Oct 23, 2024
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Dealer/GM News
Lotlinx Offers New Product with Real Time Inventory Insight
Lotlinx earlier this month announced a new Risk Report, offering a customized view of a dealer’s inventory carryover, markdown, and aged risk data. This free report offers insights that help dealers optimize their inventory strategy with a weekly a
Oct 22, 2024
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Dealer/GM News
Report: Auto Dealerships More Effective than DTC Model
Despite the rise of direct-to-consumer (DTC) car sales, the modern dealer franchise model remains more cost effective, according to a study conducted by the consulting firm, Oliver Wyman. The report, commissioned by the National Automobile Dealer
Oct 21, 2024
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Dealer/GM News
Commerce Department Proposes Ban on Chinese, Russian Connected Cars
Last month, the Biden Administration moved to ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware. The U.S. Department of Commerce officials said the prohibitions on the so
Oct 18, 2024
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Dealer/GM News
Clement Auto Group, Genesis of Naples, Lou Fusz Automotive Network, Dahl Automotive: Dealership Sales Roundup
Clement Auto Group Purchases Marty Cancila Dodge Chrysler Jeep Ram Dealership Marty Cancila Dodge Chrysler Jeep Ram in Florissant, MO, has been acquired by the Clement Auto Group in a deal brokered by the Tim Lamb Group. Clement Auto Group owner and
Oct 17, 2024
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Dealer/GM News
Asbury Automotive Sues to Block Administrative Proceeding by FTC
Asbury Automotive Group filed a lawsuit on Oct. 4 to challenging as unconstitutional an administrative proceeding filed against Asbury by the Federal Trade Commission (FTC). The lawsuit Asbury filed in U.S. District Court for the Northern Distric
Oct 16, 2024
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Dealer/GM News
What We Learned At the 2024 Digital Dealer Conference and Expo
If you have gone to more than one conference and expo this year, you know that 2024 was all about artificial intelligence (AI). The 2024 Digital Dealer Conference and Expo highlighted how the technology will be used at auto dealerships across the U.S
Oct 15, 2024
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Dealer/GM News
Kelley Blue Book: New-Vehicle Prices End Q3 Lower Year-Over-Year
The average transaction price (ATP) for a new vehicle in the U.S. was $48,397 in September, according to data released today by Kelley Blue Book. The September ATP increased modestly from August but was lower year over year by 0.4 percent, as down
Oct 11, 2024
2024 Digital Dealer Best Awards Winners Announced
LAS VEGAS — At the 20024 Digital Dealer Conference and Expo, the inaugural 2024 Digital Dealer Best of Awards were handed out. The five awards were delivered to those who exemplified the best in the auto industry. In winning the Impact Award, Brad
Oct 10, 2024