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

In today’s automotive market, consumers are facing severe affordability challenges when it comes to purchasing and maintaining vehicles. As car prices continue to rise and economic uncertainties persist, dealers must adapt their strategies to m

Terry Dortch, Founder and CEO of Automotive Risk Management Partners, announced on Oct. 15 a strategic leap in auto dealership cybersecurity with the addition of Ridgeback Network Defense to its portfolio of physical and digital compliance and cyber

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

The consumer car-buying journey has evolved, and dealerships need to evolve with it. Today, 69 percent of shoppers say they want to conduct more of the vehicle-buying process from home, particularly price negotiations and trade-in estimates. This pre

myKaarma, a leading provider of communication and payment software solutions for automotive dealerships, announced that its myKaarma Surcharge now supports compliance with new Honest Pricing Laws enacted across various states including California and

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

Automotive dealerships and real estate agencies face unique challenges but share common goals in adapting to changing market conditions and customer preferences. Both sectors manage significant life purchases—homes and vehicles—which require cons

Cerence Inc, AI for a world in motion, recently announced that Brian Krzanich has been appointed Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Krzanich succeeds Stefan Ortmanns, who is departing as CEO and