Trending Auto Retail News
The Future of Inventory Acquisition: Why Dealerships Are Shifting to Direct Consumer Solutions
In today’s challenging automotive market, dealerships are facing mounting pressure to secure quality inventory. Traditional methods like trade-ins and auctions, once the backbone of inventory acquisition, are proving less effective in a fast-evolving industry. As a...
Motion Enters Into Agreement To Purchase Conveyance Company
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 to acquire the operating assets of U.S.-based International...
Cox Bullish on 2025 U.S. Automotive Market
Cox Automotive analysts are optimistic about the U.S. auto market as 2025 as retail sales were particularly strong at year-end. Kelley Blue Book reported new-vehicle sales in 2024 finished near 16.0 million, an increase of just over two percent from 2023 and the best...
2025 Year Ahead and What We Learned About F&I In The Last 12 Months
As we reflect on the 2024 automotive landscape, it's clear that dealerships faced a year of significant challenges and transformations, particularly in finance and insurance (F&I). The persistent affordability issue dominated discussions and forced dealers to...
“More Than Cars” Docuseries Hits Prime Video via Prime Video Direct: The Untold Stories of Car Dealerships
ASOTU (Automotive State of the Union), the disruptive voice reshaping the automotive retail industry, proudly announces that their docuseries, More Than Cars: The Truth About Car Dealers, is now streaming on Prime Video via Prime Video Direct. This fast-paced,...
Annual Kerrigan Advisers Dealer Survey Released
While most dealers believe franchise values will either increase or remain the same over the next 12 months, the newly released 2024 Kerrigan Dealer Survey found certain franchises saw a sharp decline in valuation expectations due to an oversupply of new vehicle...
Maryland Auto Dealer Charged Overcharging Consumers, Unwanted Fees by FTC
The Federal Trade Commission and the office of the Maryland Attorney General filed charges against a Maryland based auto group with systematically deceiving and overcharging car-buying consumers for years, costing them millions of dollars in junk fees and unwanted...
Auto Dealer Software Market Set For 6.2% Growth, Reaching $8.2 Billion By 2032 Globally
As per the latest research report published by IMIR Market Research, the global Auto Dealer Software Market is experiencing unprecedented growth, driven by rising demand for improved customer engagement, streamlined dealership operations, and integrated dealer...
Car Connectivity Consortium Continues to Drive Innovation in Vehicle Connectivity
The organization enters 2025 with significant momentum after surpassing 300 members this year Other accomplishments include strengthening the CCC Digital KeyCertification Program, expanded industry footprint and event participation The Car Connectivity...
Unlocking the Future of Transportation with the B2B Marketplace for Software-Defined Vehicles
The transportation industry is evolving that is a technologically and innovation driven. Among the most interesting trends we are witnessing is the emergence of Software-Defined Vehicles (SDVs) alongside with cities’ competence growth and change. It opens up the new...
Nicolas Leduc is named President and CEO of Porsche Financial Services, Inc.
Nicolas Leduc has been named President and CEO of Porsche Financial Services, Inc. (PFS). The announcement comes as current President and CEO Ross Dupper prepares for retirement in March 2025. Leduc will begin his new role on January 13, 2025. Porsche Financial...
Drive Sales with Google Business Profile: A Guide for Car Dealerships
In the competitive landscape of the auto industry, digital tools like Google Business Profile (GBP) are fundamental for streamlining customer communication, enhancing online presence, and boosting sales performance. According to the latest statistics, 95 percent of...
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