Marketing & Advertising
From Turnover to Retention Strategies to Combat Understaffing in Car Dealerships
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 percent in recent...
SDVerse Launches B2B Automotive Software Marketplace, an Industry First for Software-Defined Vehicles
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 industry, SDVerse...
Lotlinx Offers New Product with Real Time Inventory Insight
Lotlinx earlier this month announced a new Risk Report, offering a customized view of a dealer’s inventory carryover, markdown, and aged risk data. This free report offers insights that help dealers optimize their inventory strategy with a weekly analysis of their...
Extended Warranties, F&I Products Enhance Customer Experience and Improve Dealership’s Bottom Line
We are often being asked to provide insight on the importance of F&I products and services, what they mean for the overall profitability of a dealership, and what impact they may have on the customer experience. I am going to discuss how extended warranties and...
Dealer Services Network Announce Key Leadership Appointments: Chief Technology Officer and VP of Human Resources
Dealer Services Network (DSN), a technology-enabled provider of title and registration services for mobility customers, proudly announces the addition of two senior executives to its leadership team. Daryl Ludvik has been appointed chief technology officer and Melissa...
Report: Auto Dealerships More Effective than DTC Model
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 Dealers Association (NADA),...
The Affordability Challenge: How Dealers Can Help Customers Keep Long-Term Interests in Mind
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 meet the evolving needs...
Automotive Risk Management Partners Announces the Auto Industry’s Most Effective Cyber Attack-Deterrent Technology
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 security programs....
Commerce Department Proposes Ban on Chinese, Russian Connected Cars
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 software would take...
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