New vehicle inventory on auto dealer lots hit 3.14 million units in October, the second consecutive month new vehicle inventory jumped by 90,000...
October Inventory Hits 3.14 Million Units for New-Vehicles
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A Shift in Focus: Leaning on Used Car Departments and Fixed Ops in Automotive
Used car prices are lower than they’ve been in years. Back in 2020, limited inventory supply couldn’t meet customer demand—and as a result,...
Marchex Announces Additional AI Solutions to Empower Businesses
Marchex, which harnesses the power of AI and conversational intelligence to drive operational excellence and revenue acceleration, announced the...
Sen.-elect Moreno Lays Out His Auto Agenda
U.S. Sen.-elect Bernie Moreno (R-OH) recently outlined the objectives focused on the auto industry he will work on with President-elect Donald Trump...
Strangle Hackers with Three-Point Wi-Fi Protection
Sometimes it’s not the Star Wars cybersecurity failure that plague dealerships. One of the most prevalent of this is the ubiquitous Wi-Fi network...
CarOffer Welcomes Scott Wood as Senior Vice President of Operations
Leading digital wholesale platform CarOffer, part of the CarGurus network, announced the addition of Scott Wood as senior vice president of...
New-Vehicle Prices Nearly $50K in October: KBB
October’s average transaction price (ATP) for a new vehicle was $48,623 as incentives to make a deal continue to grow, according to data released...
5 Ways to Boost Dealership Profitability
Dealers are leveraging big data to gain insights into customer preferences, optimize inventory management, and tailor marketing efforts. The use of...
Rivian, Volkswagen Launch $5.8 Billion Joint Venture
Rivian and Volkswagen entered into a joint venture to create electric architecture and software for next-generation software defined vehicles. The...
A Dealer’s Guide to Connected TV and Streaming
After four tough years, the automotive market is finally finding a better balance between demand and supply. At first, the COVID-19 pandemic had...