Trending Auto Retail News
Carvana Reports First-Ever Quarterly Profit
Carvana posted its first-ever annual profit on Feb. 22 in the aftermath of a deal with bondholders last year to cut its outstanding debt by $1 billion. The company forecast an adjusted core profit for the first quarter “significantly above” $100 million, according to...
First Female Jazz Fan Wins New Ken Garff Car in 40 Seconds
Celebrations are in full swing at Ken Garff Automotive Group as Keylee Melling won a 2024 Nissan Sentra at its "Threes for Keys" contest held during the Utah Jazz game held Feb. 22. The first female to win a Ken Garff car at the “Threes for Keys” contest, Melling...
Spotlight on….. Iden’s Dealer Services
As we look to tell the stories about people and the products that support auto dealerships, Digital Dealer shining the spotlight on companies that help dealers do their job more effectively. We recently interviewed Kevin Iden, President of Iden’s Dealer Services to...
Digital Dealer’s Inaugural DealerPoint Set for May
Digital Dealer's inaugural DealerPoint event is fast approaching! DealerPoint (May 21-23, 2024, at the Rosen Shingle Creek resort in Orlando, FL) will bring together dealership decision-makers and auto retail solution providers for a VIP experience with an agenda...
Experian Offering New Tool to Help Auto Dealerships Fight Fraud
Experian is looking to help stop fraudulent sales at auto dealerships right at the start of the transaction. The company’s Fraud Protect is a web-based application introduced last month that enables dealers to detect and prevent fraud while maintaining a positive...
Financial Management in Car Dealerships: Five Essential Tips
In the dynamic and competitive world of automotive dealerships, mastering the art of financial management is not just a necessity; it's a critical factor for success and sustainability. The dealership landscape is marked by intricate financial dealings, including...
Motion Enters Into Definitive Agreement To Purchase Two Fluid Power Companies
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 on Feb. 20 to acquire the operating assets of Perfetto...
Revised EV Transaction Price Data Show Downward Price Pressure Continues
Cox Automotive and Kelley Blue Book revised the electric vehicle (EV) transaction price data in January to more accurately capture the expanding EV market. According to the revised analysis, the average price paid for a new electric vehicle in January...
“It Can Happen To You, It Can Happen To Me, It Can Happen To Everyone Eventually”
90125. No, it’s not a zip code. And, it’s not a television show. It was an album released by the prog-rock band Yes in November, 1983. According to the website Songtell.com, “It Can Happen To You” is a song on that album which conveys a message of encouragement “to...
Goodyear, TDK Partnership Drives IoT Tire Intelligence
This story was first published by RFIDJournal.com. Global tire company Goodyear is partnering with electronics provider TDK Corporation to test connected tire sensors to make it safer for the driver. The sensors, using TDK’s Piezoelectric material to harvest energy...
Spotlight on…..Fasten Rewards
As we look to tell the stories about people and the products that support auto dealerships, Digital Dealer shining the spotlight on companies that help dealers do their job more effectively. We recently interviewed Fasten Rewards’ Jacob Zachs to hear about his...
Group 1 Automotive Completes Deal for Maryland Dealerships from RRR
RRR Automotive Group recently completed the sale of five new car dealerships in Maryland to Houston-based Group 1 Automotive. The transaction expands Group 1’s presence in the region and in the non-luxury import brand market. Group 1, which has 198 dealerships located...
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