The decline in profitability for the typical U.S. dealership appears to be leveling off, according to the recently released Presidio-NCM Average Dealership Performance Benchmark report. Through September, net pretax profit for the average franchised

As we approach 2025, auto lenders are keeping a close eye on the reduction of interest rates. With economic forecasts indicating additional rate reductions following the Fed’s recent decision to begin lowering, the auto finance industry is preparin

The Reynolds and Reynolds Company has launched Spark AI, an artificial intelligence (AI) data layer that powers all Reynolds AI products. Spark AI eliminates silos created by AI tools and provides a broader data set, resulting in smarter tools. The c

NADA Board Elects Florida Dealer Tom Castriota as 2025 Chairman The National Automobile Dealers Association (NADA) has elected Tom Castriota as its 2025 chairman. Castriota, owner of Castriota Chevrolet in Hudson, FL, will succeed Gary Gilchrist, pr

In today’s fast-paced automotive industry, car dealerships are under immense pressure to streamline operations, deliver exceptional customer experiences and stay ahead of the competition. The adoption of digital solutions offers a powerful way

Dealer Image Pro, a leader in dealership photography and visual merchandising, is proud to announce a strategic partnership with WheelsTV. This collaboration integrates advanced video content into Dealer Image Pro’s high-resolution image viewer on

Electric vehicle (EV) sales in the U.S. are expected to grow by 11 percent year-over-year in the third quarter, which would reach record highs for both volume and market share when final numbers are announced, according to new estimates from Kelley B

Understaffing is a significant issue for car dealerships, directly affecting sales and customer service quality. According to the National Automobile Dealers Association (NADA), the annual employee turnover rate at car dealerships has been over 46 pe

SDVerse, a B2B marketplace for buyers and sellers of automotive software, recently announced the first-ever automotive software marketplace is now live and open to the automotive industry for use. Designed to meet the evolving needs of the automotive