Q

Conference & Expo: October 14 -15, 2025
DealerPoint: 2026 Dates Coming Soon!

Q

President Biden Opens Investigation into Chinese Connected Cars

The Biden Administration is taking the first steps that could lead to the banning of connected cars from China. The U.S. announced on Feb. 29 that it is opening an investigation into whether Chinese vehicle imports pose national security risks and co
Feb 29, 2024

February New Car Sales Up 6.3%

New-vehicle sales are projected to be better than expected for February. Cox Automotive is projecting when numbers are announced next week it will show gains over last year and improvement from January, which came in slower than expected. Sales volum
Feb 29, 2024

Group 1 Automotive, Lithia & Driveway Announce New Dealership Purchases

Two of the leading auto dealerships made significant dealership acquisitions this week. Group 1 Automotive, Inc. on Feb. 26 announced the acquisition of Newport Lexus and Tustin Lexus, two high performing Lexus dealerships in Orange County, CA. Th
Feb 28, 2024

4 Effective TikTok Strategies for Dealerships

In today’s competitive market, car dealerships search for effective ways to capture attention. Many dealerships focus on advertising through Facebook and staying active on Instagram while often neglecting the potential of TikTok. However, TikTo
Feb 28, 2024

Jennifer Somers Joins Dealer Services Network

Dealer Services Network (DSN), a technology-enabled provider of title and registration services for mobility customers, proudly announces the newest addition to its executive team, Jennifer Somers, who will serve as its Director of Technology. In thi
Feb 27, 2024

2024 Dealership Outlook: How to Handle Human Resources

In November, UAW leadership successfully ratified a new 4½-year contract with Detroit’s Big Three—Ford, GM and Stellantis—after six weeks of targeted strikes that stopped production in the most profitable plants for all three manufacturers
Feb 27, 2024

KPA Car Dealership Trust Survey Paints Divergent Picture

With the Federal Trade Commission’s (FTC) Combating Auto Retail Scams (CARS) Rule slated to go into effect this year, a recent poll showed over a third of Americans have experienced the practice the law is looking to combat. KPA, a leading provide
Feb 26, 2024

Dealership Rooftops Rose in 2023: Urban Science

U.S. dealership numbers rose in 2023, according to a recent report from Urban Science. Urban’s Automotive Franchise Activity Report (FAR) found at the end of last year there were 90 more dealerships in the U.S. compared to year-end 2022—18,347 in
Feb 26, 2024

Carvana Reports First-Ever Quarterly Profit

Carvana posted its first-ever annual profit on Feb. 22 in the aftermath of a deal with bondholders last year to cut its outstanding debt by $1 billion. The company forecast an adjusted core profit for the first quarter “significantly above” $100
Feb 23, 2024