Sales & Variable OPS
KBB Reports Average New-Vehicle Prices Continues to Climb Higher
For the fourth consecutive month, new-vehicle prices climbed higher in December 2024, just falling short of all-time high mark in December 2022. Kelley Blue Book reported on Jan. 15 that the average transaction prices (ATPs) for new-vehicles were $49,740, an increase...
3 Car Reconditioning Trends to Know in 2025
Pre-pandemic, the profitability of used car sales was declining. But as we all witnessed, the supply and demand challenges in the marketplace during COVID flipped the script. Due to the semiconductor chip shortage and subsequent low stock of new car models, dealers...
Valvoline Inc. to Refranchise 38 Company Stores; Welcomes New Franchise Partner Velocity Auto Care
Valvoline Inc., the quick, easy, trusted leader in preventive automotive maintenance, announces it intends to refranchise 38 existing Valvoline Instant Oil Change service centers to a new franchisee, Velocity Auto Care. The service centers are located in Austin, San...
The Future of Inventory Acquisition: Why Dealerships Are Shifting to Direct Consumer Solutions
In today’s challenging automotive market, dealerships are facing mounting pressure to secure quality inventory. Traditional methods like trade-ins and auctions, once the backbone of inventory acquisition, are proving less effective in a fast-evolving industry. As a...
Motion Enters Into Agreement To Purchase Conveyance Company
Motion Industries, Inc., a leading distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire the operating assets of U.S.-based International...
Cox Bullish on 2025 U.S. Automotive Market
Cox Automotive analysts are optimistic about the U.S. auto market as 2025 as retail sales were particularly strong at year-end. Kelley Blue Book reported new-vehicle sales in 2024 finished near 16.0 million, an increase of just over two percent from 2023 and the best...
2025 Year Ahead and What We Learned About F&I In The Last 12 Months
As we reflect on the 2024 automotive landscape, it's clear that dealerships faced a year of significant challenges and transformations, particularly in finance and insurance (F&I). The persistent affordability issue dominated discussions and forced dealers to...
“More Than Cars” Docuseries Hits Prime Video via Prime Video Direct: The Untold Stories of Car Dealerships
ASOTU (Automotive State of the Union), the disruptive voice reshaping the automotive retail industry, proudly announces that their docuseries, More Than Cars: The Truth About Car Dealers, is now streaming on Prime Video via Prime Video Direct. This fast-paced,...
Annual Kerrigan Advisers Dealer Survey Released
While most dealers believe franchise values will either increase or remain the same over the next 12 months, the newly released 2024 Kerrigan Dealer Survey found certain franchises saw a sharp decline in valuation expectations due to an oversupply of new vehicle...
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