Dealer OPS & Leadership
Car & Automobile Manufacturing Market is Projected to Grow at 8.7% CAGR, Reaching $6.5 Trillion by 2034
A recently published report by Fact.MR, a market research and competitive intelligence provider, has evaluated that the global car & automobile manufacturing market is estimated to reach $ 2.8 trillion in 2024. The market is further forecasted to advance at a CAGR...
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 less than a half...
10 Ways Your Dealership Marketing Efficiency with ChatGPT & Generative AI
As we approach almost two years since the release of ChatGPT, the focus has shifted from knowing what it is, to learning what it could do, do integrating it into your every day tasks. At a recent speech at DigitalMarCon, I asked how many know about ChatGPT and use it...
Trusted Vehicle Payment Platform KeySavvy Earns $4.25M Funding Boost
KeySavvy, an innovative platform that simplifies and secures private-party car transactions, today announced $4.25M earned in venture capital funding. The investment was led by Bonfire Ventures, marking the second major financing round for the rapidly growing startup....
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 owned by Shawn Ball...
Maximizing Car Sales During the Holidays: Tips and Insights
For many businesses, the holiday season is a peak time to attract customers and boost sales with effective marketing strategies, helping them close the year on a high note. Car dealerships are not exempt from this trend. According to Statista, the combined sales for...
The Quiet Revolution in Online Auto Sales
When iA Financial Group announced its approximately $7.3 million USD strategic partnership with Clutch in July, it may have seemed like just another corporate investment. However, as we look back four months later, the impact of this move on Canada’s used car market...
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 Third Quarter2024...
Safeguarding Customer Data: The Critical Role of Encryption in Automotive Retail
The automotive industry faces unprecedented challenges in protecting customer data privacy. As vehicle transactions increasingly move online and dealerships collect more personal information, the need for robust security measures has never been more critical. Central...
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