Trending Auto Retail News
More Choices Leading to An Increase of Electric Vehicles Purchases
A new report from Experian found electric vehicles (EVs) have gained more traction from consumers in the market for a new vehicle due to more options being available. Experian’s State of the Automotive Finance Market Report: Q4 2023 noted EVs comprised 8.6% of total...
Dealer Synergy Celebrating a Significant Milestone
As Dealer Synergy reaches a significant milestone, celebrating two decades of serving the automotive community, the company gears up for a special celebration at its upcoming IS20G-15 event in Baltimore, MD, from April 15-17, 2024. Since its inception, Dealer Synergy...
It’s 2024, Let’s Toast to Mass Confusion! Auto Dealers Will Face More Challenges This Year When It Comes to EV Sales
For auto dealers with electric vehicles sitting on their lots—which is nearly everybody— 2024 will be another year of confusion. On average, auto dealers are sitting on nearly 120 days of electric vehicle (EV) inventory which is about double the number of gas-powered...
February New-Vehicle Sales Outpace Expectation: Cox
New-vehicle sales in the U.S. picked up in February, with sales up nearly 10% from a year ago. Total new-vehicle sales in February are now estimated at 1.25 million, above our forecast of 1.22 million units and up 9.6% year over year, according to officials at Cox...
Volie, Inc. joins FordDirect to Expand The Shop, a One-Stop E-Commerce Platform for Ford Dealers, Lincoln Retailers
Volie, the leading provider of Automotive BDC Software, announces it has partnered with FordDirect, a joint venture between Ford dealers, Lincoln retailers and Ford Motor Company, to join the e-commerce platform for dealer solutions called The Shop. The Shop is a...
How Auto Dealerships Rank By Website Response Rate
Infiniti came out on top in a recent survey of responsiveness to customer internet leads coming though dealership websites. The survey— 2024 Pied Piper PSI® Internet Lead Effectiveness® (ILE) Study—measured responsiveness to customer internet leads coming though...
GM, Tesla Headline S&P’s 28th Automotive Loyalty Awards
Owners of General Motors and Tesla are loyal to their vehicles. At least according to S&P Global Mobility, who recently announced the winners of its 28th annual Automotive Loyalty Awards. General Motors was recognized as the winner of its 'Overall Loyalty to...
Spotlight on….. automotiveMastermind
As we look to tell the stories about people and the products that support auto dealerships, Digital Dealer is shining the spotlight on companies that help dealers do their job more effectively. We recently interviewed Aaron Baldwin, automotiveMastermind Chief Product...
President Biden Opens Investigation into Chinese Connected Cars
The Biden Administration is taking the first steps that could lead to the banning of connected cars from China. The U.S. announced on Feb. 29 that it is opening an investigation into whether Chinese vehicle imports pose national security risks and could impose...
February New Car Sales Up 6.3%
New-vehicle sales are projected to be better than expected for February. Cox Automotive is projecting when numbers are announced next week it will show gains over last year and improvement from January, which came in slower than expected. Sales volume for February is...
Group 1 Automotive, Lithia & Driveway Announce New Dealership Purchases
Two of the leading auto dealerships made significant dealership acquisitions this week. Group 1 Automotive, Inc. on Feb. 26 announced the acquisition of Newport Lexus and Tustin Lexus, two high performing Lexus dealerships in Orange County, CA. That was followed the...
4 Effective TikTok Strategies for Dealerships
In today's competitive market, car dealerships search for effective ways to capture attention. Many dealerships focus on advertising through Facebook and staying active on Instagram while often neglecting the potential of TikTok. However, TikTok's unique appeal and...
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