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Dealer/GM News
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
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Dealer/GM News
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
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Dealer/GM News
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
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Sales & Marketing
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
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Industry Press Releases
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
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Dealer Ops & Leadership
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
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Dealer/GM News
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
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Dealer/GM News
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
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Dealer/GM News
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