More than 9 Million Vehicles Recalls Issued According to BizzyCar Report

An inaugural quarterly report detailed recalls dealerships are having to deal with to begin 2024. BizzyCar, a software platform that automates recalls for auto dealerships, published their first quarterly recall report that found more than nine milli
Apr 15, 2024

Presido Report: Dealers Coming to Grips with Post-Pandemic Business

The Great Normalization is well underway and accelerating for certain brands in the automotive sector. That is one of the main takeaways from the recently release of “Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends” f
Apr 8, 2024

Handling The Trade: Double Sales Appointments by Talking about the Trade-In

Picture this: It’s training day at a high-volume Toyota dealership somewhere in the U.S. and Michael and I are training a team of 60 salespeople. It’s a mixed bag; some vets, some newbies, lots of in-betweeners and COVID babies. I’m discuss
Apr 4, 2024

Auto Industry Survey Shows Improvements in Leveraging Automation, AI For Lenders

While they are still trying to understand all of its benefits, auto finance leaders are beginning to incorporate artificial intelligence (AI) into their daily workflow. Informed.IQ, a developer of AI-based software that verifies, streamlines and opti
Apr 3, 2024

Tire Industry Drives Digital ID Standards

This story was original published at Legislation in Europe is focusing on sustainability and tracking how products are made, used and recycled. One mammoth group paying close attention is the tire industry. With 1.2 billion tires in
Apr 1, 2024

Cox Forecast: New-Vehicle Sales in March to Jump 4.5% from Last Year

The first three months of new car sales is shaping up to be a winner. Cox Automotive is forecasting U.S. new-vehicle sales for the first quarter of 2024 will increase 5.6% compared to last year, reaching 3.8 million units. The year-over-year increase
Mar 26, 2024

Enhancing Security for Recent FTC Safeguards and Rule Changes

In October 2023, the Federal Trade Commission (FTC) implemented an amendment to the Safeguards Rule. This latest development adds a layer of responsibility for dealerships to safeguard sensitive customer information, particularly when it comes to doc
Mar 25, 2024

Inventory Continues to Grow for U.S. Auto Dealers

Dealers in the U.S. are entering the second quarter of 2024 with an inventory that has increased over 50 percent from last year. According to Cox Automotive, dealers nationwide opened in March with 2.74 million new vehicles on hand— 942,000 units,
Mar 22, 2024

March New Car Sales Projected to Increase 12 Percent Over Last Year

According to a joint forecast from J.D. Power and GlobalData released March 21, total new-vehicle sales for March 2024 are projected to reach 1,525,700 units, a 12.1 percent increase from March 2023 The seasonally adjusted annualized rate (SAAR) for
Mar 21, 2024