Trending Auto Retail News
2025 Auto Retail Outlook: Machine Learning Meets Inventory Intelligence
As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. The focus is shifting from customer-facing AI...
Updation.ai Unveils First-Ever AI-Powered Vendor Contract Management Platform for Auto Dealers
Updation.ai, specialists in vendor and contract management lifecycle for automotive, truck, RV and powersports dealers, announced CASH (Contract, Accountability, Savings Hub), its next-generation AI-powered platform designed to help dealerships manage vendor...
UVeye Secures $191 Million in Funding
UVeye has partnered Toyota with a fund backed by in its latest round of fundraising, announcing an infusion of $191 million to bring total capital raised to date to $380.5 million. The round was led by Woven Capital, Toyota's growth fund dedicated to realizing the...
Your EV Sales are Slowing: 3 Ways to Lead the Charge
The future of electric vehicles (EVs) is now. With EVs redefining the automotive market, dealerships find themselves at the epicenter of this industry-wide transformation. From adapting sales strategies to modernizing insurance and financing workflows, dealerships...
eLEND Identity Solutions Block $1 Billion in Potential Vehicle Purchase Fraud in 2024
eLEND Solutions announced at the 2025 NADA Show that it has blocked over one billion dollars in potential vehicle purchase fraud in 2024 through its Identity Solutions, representing over 30,000 red-flagged driver license scans. With identity fraud accelerating at an...
Carlock Automotive, Cannon Motors, Warren Henry Auto Group: Dealership Deals
Bohn Brothers Automotive Group Sells Toyota of Slidell to Carlock Automotive New Orleans-based Bohn Brothers Automotive Group sold its Toyota of Slidell dealership to Tennessee-based Carlock Automotive, the final of four dealerships in the Bohn Brothers Automotive...
January New-Vehicle Sales Expected to Outperform the Start to Last Year
Compared to a year ago, Cox Automotive is forecasting an improved start for new vehicle sales in 2025. Historically a low-volume month, January volume is projected to reach 1.125 million a 5.2 percent increase compared to January 2024. Cox Automotive forecasts...
Cerence AI Signs Long-Term, Strategic Partnership to Build Luxury Automaker’s Next-Gen In-Car Experience
Cerence Inc., a global industry leader in AI for transportation, recently announced a multi-year agreement with JLR to develop the luxury automotive’s next-generation in-car experience. The companies will partner to leverage Cerence’s AI-enabled technologies to...
Federal Court Sides with Dealers Against CARS Rules
A federal court ruled against a federal agency’s rules to ban bait-and-switch tactics and prohibit auto dealers charging for add-on costs that do not benefit new car buyers. The 5th Circuit Court of Appeals, in a 2-1 decision, sided with National Automobile Dealers...
Road to EV Adoption: Why Timing Is Everything
As the saying goes, timing is everything. Those expecting U.S. electric vehicle adoption rates to accelerate as quickly as Europe’s underestimated this universal truth. To be fair, the 8.9 percent EV share of overall auto industry sales during Q3 2024 was the highest...
Acquisitions, New Customers, and High Retention Rates: Reynolds and Reynolds Celebrates 2024 as a Big Year for Dealer Success
The Reynolds and Reynolds Company is pleased to welcome 2025 with a look back at the previous year and the accomplishments that allowed its customers to grow and be more profitable. “Every day we get out of bed with the goal of helping our customers reach their full...
Digital Tools Improved New-Car Buyers Process in 2024
New-vehicle buyers reported a record 75 percent satisfaction rate with the overall shopping experience, the highest ever record in the 15 year history of Cox Automotive’s 2024 Car Buyer Journey (CBJ) Study. According to analysis, the surge is attributed to...
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