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Dealer/GM News
Going Inside Electric Vehicles Growth on 2023
While dealers continue to worry about inventory issues, the domination of the electric vehicle market that Tesla has enjoyed in recent years is declining. According to Experian’s recently released Electric Vehicles 2023 Year in Review, the Elon Mu
Apr 30, 2024
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Dealer/GM News
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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Dealer/GM News
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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Dealer/GM News
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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Dealer/GM News
Kerrigan Blue Sky Report Details Record-Breaking 2023 Dealership Sales
Kerrigan Advisors just released their 2023 Blue Sky Report that found dealership transactions were up 6% compared to the year before. A total of 397 dealerships were completed and included the third largest transaction in auto retail history—the sa
Apr 22, 2024
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Dealer/GM News
Group 1, Wolfe Automotive Group, McGovern Auto Group, Hawk Auto: Dealership Sales Roundup
Group 1 Purchases UK’s Inchcape Group 1 Automotive entered into a definitive agreement to acquire the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape for approximately $439 million in an all-cash tra
Apr 18, 2024
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Dealer/GM News
Spotlight on….. Search Engines MD
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 Search Engines MD’s Cody Jerry
Apr 17, 2024
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Dealer/GM News
KBB: New-Vehicle Average Transaction Prices Drop to Two Year Low
It continues to be a buyer’s market for new car customers. An analysis by Kelley Blue Book (KBB) found new-vehicle transaction prices (ATP) in March 2024 were $47,218, down 1% a year ago 5.4% from the market peak in December 2022. S KBB officials
Apr 17, 2024
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Dealer/GM News
Brandt Auto Group Completes Breakup After Gayle Benson Withdraws Compliant
After a complaint by Gayle Benson with the state of Louisiana was withdrawn, the breakup of the Ray Brandt Auto Group is complete. The deals closes a four year legal battle between Ray Brandt’s widow Jessica and his grandchildren over an estimated
Apr 3, 2024