Sales & Variable OPS
New-Vehicle Prices Up YoY for Second Consecutive Month
New-vehicle prices in November climbed higher year-over-year for the second straight month as the average transaction price (ATP) was $48,724, an increase of $699, or 1.5 percent, from November 2023, according to data from Kelley Blue Book released Dec. 11 New-vehicle...
Navigating the Shift: Key Insights from the Q3 2024 Automotive Market Report
As we look back on the third quarter, the automotive market has revealed key trends that highlight the complexities of inventory management for auto retailers. In Q2, dealers experienced a 10 precent sales increase for new vehicles despite challenges like the CDK...
RTI Becomes the First DDS Provider to Meet All Major Automotive Software Safety Standards
Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, announced that RTI Connext Drive has met all automotive industry quality standards by achieving ASPICE CL1, ISO 21434, and ISO 26262 process certifications. Based on the Data...
Soracom Concentrates on Connected Car Strategy
Soracom recently announced its global strategy for the connected car industry by addressing connectivity and cloud management challenges faced in putting more connected cars on the road. To that end, it showcases a proof of concept (PoC), developed in collaboration...
How to Turn the F&I Challenges into a Dealership Advantage
The finance and insurance (F&I) process is a challenging part of the car-buying journey. Customers frequently encounter issues like lengthy wait times, high-pressure upselling of additional products, hidden fees, and confusing financing terms, all of which can...
Jack Schmitt Chevrolet Offers New UVeye Technology to Enhance Customer Experience
Jack Schmitt Chevrolet, a family-owned business, is proud to announce they have invested in new technology to help make things easier and more efficient for its customers. The dealership has purchased several devices from UVeye, a company that specializes in automatic...
CDK Extends Service Agreement with Three Dealership Groups
As a tumultuous year comes to an end for CDK Global, the company has announced multi-year deals with three of the largest dealerships in the U.S. in the last few months Since September, CDK, the leading automotive retail software provider, announced a separate...
3 Ways Car Dealers Can Protect Their Business When Working with Third-Party Vendors
I’ve had the unique opportunity to witness the evolutionary impact of technology on dealer operations throughout the years, and the automotive industry moves faster than you might think. Tech has grown to become the main focus and the biggest pain point for...
Reynolds and Reynolds Partners with Skaivision to Change the Automotive Retail Landscape
The Reynolds and Reynolds Company announced an investment in and collaboration with Skaivision, creators of the first smart space Computer Vision AI software for automotive dealerships. Reynolds recognizes a significant opportunity to help its customers become more...
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