Sales & Variable OPS
Nearly 4,000 Car Dealers Ask President Biden to Slow Down EV Push
Car dealers are asking President Joe Biden to “tap the brakes” in his administration's electric vehicle (EV) push. A total of 3,882 franchised car dealers the U.S., calling themselves the EV Voice of the Customer, published the letter on Nov. 28 that urged a slowdown...
Digital Retailing Continues to Grow at Auto Dealerships
A recent report found car dealers offering consumers the ability to do a deal online has grown to 40% in the last year—but an urgent need to cutdown on repetitive steps happening in the showroom. Nearly all car dealers currently using digital retailing tools claim it...
Ciocca Agrees to Purchase 10 More Pennsylvania Dealerships
The Ciocca Dealership group is growing its holdings in Pennsylvania. The agreement has Ciocca purchasing Apple Automotive, the automotive division of York County, Pa- based Stewart Companies. Terms of the deal was not disclosed, with the final transaction expected to...
Mercedes Launches First Charging Hub in U.S.
Mercedes-Benz is offering a change to the way Americans charge their vehicles in the same way Starbucks altered the routine of getting a cup of coffee. Mercedes, in a joint venture with MN8 Energy to launch a network of premium electric vehicle (EV) charging stations...
Digital Dealer Unveils New Branding & Announces Launch of DealerPoint, Offering Targeted Networking and Driving Innovation
Digital Dealer has revealed its new branding and announced the launch of DealerPoint, a dynamic addition to its event portfolio. This unveiling of the refreshed logos marks a symbolic step forward for Digital Dealer, aligning with its commitment to innovation and...
Hyundai Dealers Will Be the First to Sell Cars Through Amazon Platforms
Amazon is getting into the (virtual) car dealership business. At the Los Angeles Auto Show Nov. 16, the Seattle-based online behemoth announced auto dealers for the first time will be able to sell vehicles on Amazon’s U.S. store in 2024—with Hyundai being the first...
GM Workers Approve Union Contract; Ford, Stellantis on Pace to Pass
Despite concerns that resulted in a closer than expected vote, General Motors (GM) union workers approved the deal negotiated by United Auto Workers (UAW) union. The deal was supported by roughly 54% of the more than 34,700 autoworkers at GM who voted, according to...
A Third of Dealers Still Lost Concerning Key Components of Safeguards Law Compliance
There has been plenty of chatter leading up to the new Safeguards law that went into effect earlier this year. Among many other components to the legislation and new requirements, the law requires auto dealerships to obtain clear and informed consent from website...
CarGurus Agrees to Fully Acquire CarOffer, Will Buy Back $250M in Stocks
By James Hickey Managing Editor, DigitalDealer.com CarGurus will acquire the remaining minority equity interests in CarOffer for $75 million through an all-cash transaction, a deal expected to close next month. CarGurus acquired a 51% stake in CarOffer in 2021 with...
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