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Dealer/GM News
Group 1, Fisker, Nucar, Ken Ganley, Johnson Automotive Dealership Group, The Smith Group: Dealership Sales Roundup
Group 1 Expands in South Carolina Group 1 Automotive announced the acquisition of Modern Classic Motors in Hilton Head, SC on March 13. The acquisition includes three franchises: Mercedes-Benz, Sprinter and Honda in Beaufort County. The acquisition
Mar 14, 2024
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Dealer/GM News
February New Car Prices Down over 2% from Last Year: KBB
The price of a new car continued its decline over the past year in February. An analysis by Kelley Blue Book released March 11 found new-vehicle transaction prices (ATP) was down less than one-tenth of 1% from the revised January figures. The average
Mar 13, 2024
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Dealer/GM News
Spotlight on….. Quantum5
As we look to tell the stories about people and the products that support auto dealerships, Digital Dealer is shining the spotlight on companies that help dealers do their job more effectively. We recently interviewed Quantum5’s David O’Brien to
Mar 8, 2024
More Choices Leading to An Increase of Electric Vehicles Purchases
A new report from Experian found electric vehicles (EVs) have gained more traction from consumers in the market for a new vehicle due to more options being available. Experian’s State of the Automotive Finance Market Report: Q4 2023 noted EVs compr
Mar 7, 2024
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Dealer/GM News
February New-Vehicle Sales Outpace Expectation: Cox
New-vehicle sales in the U.S. picked up in February, with sales up nearly 10% from a year ago. Total new-vehicle sales in February are now estimated at 1.25 million, above our forecast of 1.22 million units and up 9.6% year over year, according to of
Mar 5, 2024
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Dealer/GM News
How Auto Dealerships Rank By Website Response Rate
Infiniti came out on top in a recent survey of responsiveness to customer internet leads coming though dealership websites. The survey— 2024 Pied Piper PSI® Internet Lead Effectiveness® (ILE) Study—measured responsiveness to customer internet l
Mar 5, 2024
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Dealer/GM News
President Biden Opens Investigation into Chinese Connected Cars
The Biden Administration is taking the first steps that could lead to the banning of connected cars from China. The U.S. announced on Feb. 29 that it is opening an investigation into whether Chinese vehicle imports pose national security risks and co
Feb 29, 2024
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Dealer/GM News
February New Car Sales Up 6.3%
New-vehicle sales are projected to be better than expected for February. Cox Automotive is projecting when numbers are announced next week it will show gains over last year and improvement from January, which came in slower than expected. Sales volum
Feb 29, 2024
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Dealer/GM News
Group 1 Automotive, Lithia & Driveway Announce New Dealership Purchases
Two of the leading auto dealerships made significant dealership acquisitions this week. Group 1 Automotive, Inc. on Feb. 26 announced the acquisition of Newport Lexus and Tustin Lexus, two high performing Lexus dealerships in Orange County, CA. Th
Feb 28, 2024